How policy and innovation are narrowing Europe’s green steel cost gap

The Article 6.4 supervisory body (SB) approved the first request for issuance under the Paris Agreement Crediting Mechanism (PACM) on Thursday February 26. The credits will be issued to a Myanmar-based cookstove program of activity (PoA) that has successfully transitioned from the Clean Development Mechanism (CDM).

Low-emission steelmaking capacity in Europe is currently constrained amid challenging market conditions. However, recent regulatory developments have strengthened supplier confidence, helping to unlock next phase of investments.

Four years after Russia’s unprovoked, attempted full-scale invasion of Ukraine on February 24, 2022, Fastmarkets examines how the war has reshaped the Ukrainian and global steel and grain markets, outlining the key challenges faced by these sectors as they have adapted and endured.

Europe's green steel premiums face pressure from CBAM and EU ETS costs. Understand pricing dynamics and path to price parity through 2035.

CORSIA Phase 1 (CP1) spot prices extended their losses this week as newly tagged supply from Verra-registered cookstove and water filtration projects entered the market, reinforcing a broader repricing that has gathered pace since late January.

Prices for Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Phase 1 (CP1) spot credits continued to drop on Wednesday January 28, with all eyes remaining firmly on supply.

The Miombo Restoration Alliance, on Thursday January 29, launched its first large-scale carbon removal projects across Mozambique, Zambia, Tanzania and Malawi, marking the shift from planning to delivery for one of the largest Article 6-linked restoration programs announced to date.

Carbon credit demand did not recover in 2025, but it did not collapse either. Instead, the market entered a sorting phase. Overall retirements of carbon credits held broadly steady in 2025, masking a decisive shift in buyer behavior.

The aviation sector faces rising decarbonization challenges as volatile SAF costs, complex regulations, and procurement risks demand strategic, data-driven solutions.