Sustainability and carbon market news

Kazakhstan has established a legal basis for taking part in Article 6 of the Paris Agreement, opening the way for the country to trade carbon credits internationally. President Kassym-Jomart Tokayev signed a package of amendments to Kazakhstan’s...

The Carbon Markets Association of India (CMAI) has launched a marketplace for Article 6 of the Paris Agreement. The platform gives organisations a single point of access for participating in international carbon markets. A man participating in the...

Ukraine has approved a regulatory framework for the international issuance and transfer of carbon credits under Article 6 of the Paris Agreement. The cabinet of ministers adopted the measure on Wednesday, giving the country its first formal legal...

Japan and Vietnam have formally updated their Joint Crediting Mechanism (JCM) agreement to align with Article 6 of the Paris Agreement, the international framework governing carbon market cooperation between countries. Japanese and Vietnamese...

Norway and Pakistan have formalised a bilateral cooperation agreement on carbon markets under Article 6.2 of the Paris Agreement, marking Pakistan's first such deal. Norwegian and Pakistani business leaders discuss sustainable agriculture projects...

Two developments this week point to a carbon border landscape that is gaining both regulatory depth and global reach. In Brussels, a draft regulation proposes recognising Article 6 carbon credits under the EU's Carbon Border Adjustment Mechanism...

Kenya has taken a significant step toward strengthening its role in international carbon markets with the launch of a national carbon registry aligned with Article 6 of the Paris Agreement. View through the window of Kenya’s reforestation efforts,...

European Union officials have reached a landmark political agreement on the bloc’s 2040 environmental framework, setting a collective ambition to cut net emissions by 90% from 1990 levels and defining how international carbon credits may contribute...

South Korea’s Gyeongbuk Province has entered into a landmark agreement with Mongolia to jointly advance carbon reduction projects under the Paris Agreement’s Article 6 mechanism. The move marks the first time a South Korean local government has...

Singapore has signed a new implementation agreement with Mongolia to generate carbon units (also known as carbon credits) under Article 6 of the Paris Agreement, marking its tenth such deal. The city-state’s expanding portfolio targets partnerships...

Chile is moving closer to joining the global carbon trading arena by finalising a new regulation under Article 6 of the Paris Agreement. The measure will establish a national CO₂ registry and provide the foundation for international carbon credit...

Taiwan and Paraguay have formalised a new partnership to collaborate on carbon credit trading under Article 6 of the Paris Agreement, strengthening their joint commitment to meet UN green targets. Panoramic view of Paraguay’s rainforest with...

Cuba has taken a significant step in its environmental policy by introducing a legal framework to regulate both voluntary and compliance carbon markets. The new measures are designed to position the country as an active participant in the Paris...

Singapore has signed its eighth international carbon trading agreement under Article 6 of the Paris Agreement, this time with Thailand. The deal, announced at the Singapore Regional Business Forum in Bangkok, marks the first such partnership between...

The European Commission (EC) has unveiled a new environmental proposal that could significantly reshape the voluntary carbon market landscape. If adopted, the European Union could become the world’s largest buyer of UN-recognised carbon credits,...

Kenya has taken a significant step in aligning its carbon market infrastructure with international frameworks by releasing a draft regulation for a national carbon registry. The proposed digital system is designed to support the implementation of...

Kenya is preparing to release three new environmental regulations aligned with Article 6 of the Paris Agreement by the end of this year, a move that could reshape its position in global carbon markets and open new avenues for bilateral cooperation....

The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has introduced a new insurance framework designed to reduce investor risk in the UN’s emerging carbon market under Article 6 of the Paris Agreement. This marks a significant move to...

In a move that underscores growing international cooperation on environmental action, Singapore and Rwanda have signed a bilateral agreement enabling the trading of carbon credits under the framework of the Paris Agreement. The deal, formalised on 6...

Pakistan has taken a significant step in entering global carbon markets by granting its first-ever approvals under Article 6 of the Paris Agreement to two distinct carbon projects. The approvals mark a new chapter in the country’s environmental...

Ghana is taking a significant step in the international carbon market, with plans to sell over a third of its carbon credits under Article 6 of the Paris Agreement. President John Mahama announced that 5.2 million tonnes of CO2 (tCO2) equivalent...

The United Nations climate agency has published over 30 documents related to the operationalisation of Article 6.4 of the Paris Agreement. These documents, now available on the UN Framework Convention on Climate Change (UNFCCC) website, outline...

Kenya has finalised its carbon framework, enabling project developers to secure Letters of Authorization (LoAs) under Article 6 of the Paris Agreement. These LoAs are essential for facilitating carbon projects with corresponding adjustments (CAs),...

At COP29 in Baku, Norway unveiled its largest financial commitment yet to the global carbon market: a $740 million initiative to purchase carbon credits under the Paris Agreement’s Article 6. This bold move aims to drive demand in the emerging...

The COP29 summit has delivered a historic breakthrough, finalising Article 6 of the Paris Agreement after a decade of negotiations. This pivotal achievement establishes high-integrity carbon markets, offering countries and companies a transparent...

The first issuance of UN-backed carbon credits under the Article 6.4 mechanism could be imminent, following COP29's approval of a blueprint to govern the market. Maria AlJishi, chair of the Article 6.4 Supervisory Body (SBM), announced that the...

COP29 has become a pivotal moment for advancing global environmental cooperation, with significant progress under Article 6 of the Paris Agreement. As nearly 200 nations gather to address the urgent environmental crises, partnerships and new...

COP29 in Baku, Azerbaijan, marked a milestone in global environmental action with the adoption of a framework under Article 6.4 of the Paris Agreement. Nearly 200 nations agreed to establish a UN-managed global carbon market, enabling more efficient...

Sweden and Rwanda have signed a preliminary agreement to collaborate on carbon reduction projects under Article 6 of the Paris Agreement. This move paves the way for future discussions on specific projects aimed at cutting carbon emissions and...

Oman has finalised the draft of its general policy framework for carbon markets, an initiative led by the Sultanate's Environment Authority. This comprehensive 52-page document aligns with the Paris Agreement’s Article 6 and outlines the country's...

The lead negotiator for the African bloc at the UN climate talks has called for a unified minimum price on Article 6 carbon credits across the continent. This proposal aims to prevent countries from undercutting each other and support the financing...

Base Carbon Inc, through its subsidiary Base Carbon Capital Partners Corp, has successfully obtained 717,558 carbon credits from its Rwanda cookstoves initiative. This batch of credits, certified by Verra with an ‘Article 6 Authorised’ label—a first...