The European Commission has proposed removing additional CORSIA Phase 1 credit quality criteria for EEA aircraft operators ahead of an autumn vote, while acknowledging the change would allow use of credits it considers lower in environmental integrity. CORSIA Phase 1 spot credits rose to $11.60 per tCO2e following the announcement.

Indonesia has approved four forestry projects to issue carbon credits for the first time since its 2022 export moratorium, as the government launches a new national forestry carbon hub.

Japan Airlines expects carbon credits to play a growing role in helping it to meet its decarbonization targets as long as sustainable aviation fuel (SAF) remains constrained by limited supply and high costs, according to its vice president of sustainability and ESG promotion, Hideki Ochiai.

China and India together withheld host country approval from nearly 1,000 project activities, concentrating near-term PACM supply in the smaller set of countries willing to authorize transition.

With CP1 spot prices down to $9.50 and airlines still holding back, the real debate is about which layer of CORSIA credit supply the market is pricing, from theoretical potential to the credits airlines can actually buy.

Asia holds a growing pipeline of CORSIA-eligible supply, yet slow carbon credit authorization keeps much of it off the market as airlines approach mandatory 2027 compliance.

The Mexico ETS is on track for a 2027 operational launch. Officials expect low initial carbon prices and a central role for offsets while emissions-intensive sectors near the limit of available cuts.

Cookstove project developers were facing an increasingly problematic trade-off between price and credit volumes while they targeted either the Core Carbon Principles of the Integrity Council for the Voluntary Carbon Market (ICVCM) or Phase 1 of the International Civil Aviation Organization’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).

The Brazil carbon market is being built to do more than cut emissions. The government wants to turn low-carbon steel and aluminium into a trade advantage and position Brazilian green metals as the SBCE phases in.

Argentina's Misiones province could become the world's first subnational jurisdiction to issue CORSIA-eligible JREDD+ credits, with LATAM Airlines lined up as anchor buyer for 2.8 million tonnes at ~$24/tCO2e. The $60 million transaction awaits federal authorization.