The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) market has continued to digest the collapse of cookstove project developer Koko Networks at the end of January following the Kenyan government’s refusal to grant the project a letter of authorization (LoA) and the implications of this for supply going forward.

China has indicated plans to expand the coverage of its national carbon market and to establish a national low-carbon transition fund as part of its economic policy agenda for 2026, according to the government’s annual work report delivered at the National People’s Congress on Thursday March 5.

How Europe’s green steel production competes with the rest of the world

The International Civil Aviation Organization (ICAO), the governing body for Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), invited emissions unit programs to apply for its Technical Advisory Body (TAB) 2026 assessment cycle from February 9 to March 9. During this assessment cycle, the TAB will make a recommendation on a program’s eligibility under the first part of CORSIA’s second (mandatory) phase, which will run for the 2027-2029 compliance period.

European allowances have steadily dropped in recent days amid wide uncertainty in the emissions trading market, defying a sharp spike in Dutch TTF Natural Gas prices prompted by the escalating conflict in the Middle East.

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.