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38th week CCM 2026. Climate and the future. Clean cooking advances; JCM and ITMOs Japan, India, Costa Rica; The Summer of Truth in Europe; Galápagos corals and El Niño; IPCC vacancy.
Monday, 21 September 2026.
38th Week Carbon Credit Markets in 2026.
🎸 On the soundtrack of carbon markets.
Carbon credits are advancing on two fronts: the MEP has formulated recommendations to strengthen methodologies for clean cooking projects, including rules regarding non-permanence, sampling, and risk assessment, while India and Japan have adopted rules to operationalize the JCM under Article 6.2 of the Paris Agreement, establishing guidelines for the authorization, monitoring, verification, issuance, and transfer of credits and ITMOs between the two countries.
Other highlights include “the summer of truth”, a strengthening of climate preparedness in Europe following a summer marked by wildfires, agricultural losses, and heatwaves, with proposals focused on resilience, insurance, water security, and extreme events; and new evidence from Galápagos corals indicating a higher frequency of strong El Niño events over the past century, although uncertainties remain regarding their future behavior in the face of climate change.
Briefs and opportunities include the update of JCM rules between Costa Rica and Japan, consolidating steps for projects and credit issuance; the opportunity for experts to participate in the review of the IPCC’s Seventh Assessment Report; and new data highlighting floods, storms, and heatwaves as some of the deadliest extreme weather events worldwide.
In addition to a list of relevant events.
Carbon Credits
Carbon credits: panel advances methodologies for clean cooking projects.
The Methodological Expert Panel (MEP) has advanced recommendations related to clean cooking carbon credits, focusing on methodologies, standards, and tools. At its 16th meeting in Bonn, the panel formulated recommendations for the Supervisory Body that include two clean cooking methodologies, rules regarding non-permanence, tools for sampling and surveys as well as for assessing reversal risk, and adjustments to align with the requirements of Programmes of Activities (PoA), all elements relevant to the methodological framework for generating carbon credits. The meeting minutes will be made available in the coming days.
India and Japan Adopt Rules to Operationalize the Joint Crediting Mechanism under Article 6.2.
India and Japan adopted the Rules of Implementation for the Joint Crediting Mechanism (JCM) under Article 6.2 of the Paris Agreement, via an electronic decision by the Joint Committee a few months ago establishing formal guidelines for credit authorization, monitoring, verification, registration, and issuance, as well as procedures for corresponding adjustments, bilateral governance, institutional roles, data flows, and project eligibility criteria. The document - available on the official JCM website - consolidates the operational framework that will enable the generation and transfer of ITMOs between the two countries, marking a decisive step toward the practical implementation of bilateral climate cooperation.
Others Highlights
Europe: “On climate change, this summer was the summer of truth”. And the order is to get ready.
In her State of the Union address on September 16, Ursula von der Leyen stated that Europe had experienced a “summer of truth” regarding climate change and described the climate issue as one of the defining “tipping points of our time”, crucial for regional prosperity and security. The summer saw 660,000 hectares burned, the loss of approximately 12 million tons of crops, and over 35,000 excess deaths during heatwaves. She noted that Europe is warming at twice the global rate. In light of this, von der Leyen advocated maintaining climate targets while complementing mitigation and adaptation efforts with a focus on preparedness. Announced measures include a new climate resilience framework identifying the 100 most vulnerable territories, a Climate Insurance Alliance, given that only about 25% of catastrophe-related losses are covered by private insurance, and a European Heatwave Plan, alongside initiatives for water security and wildfire control.
Corals act as a “time machine” for past El Niño events. But what about the future?
Published on August 27, a report in Nature presents a reconstruction of Pacific Ocean surface temperatures spanning approximately 1,000 years, based on the geochemical analysis of coral skeletons from the Galápagos Islands. The results suggest that strong El Niño events have become more frequent over the last century. This long-term record adds to the evidence linking human-induced warming to the increased frequency of strong El Niño events, allowing for a comparison between recent variations of the phenomenon and its behavior over the past millennium. Nevertheless, given the complex interactions between the ocean and the atmosphere, uncertainties remain regarding what lies ahead. Or, in the words of paleoclimatologists, corals function as a sort of “time machine” for investigating the past, but they do not allow us to predict the future in the same way.
Briefs & Opportunities
Carbon credits between Costa Rica and Japan. On August 14, the Rules and Guidelines for the JCM between these countries were updated, establishing the framework for the implementation of the bilateral mechanism. Among other aspects, the rules provide guidance on key stages of the project cycle, including methodology development, registration, monitoring, validation and verification, as well as the actual issuance of JCM credits.
The IPCC is accepting applications until September 25, 2026, from experts interested in joining Working Group I and reviewing the first draft of the AR7 (Seventh Assessment Report). Working Group I assesses the latest physical science basis regarding observed and projected large-scale climate change, climate processes and feedbacks, and regional climate information.
A Visual Capitalist publication shows that floods, storms, and heatwaves are among the deadliest extreme weather events in the world. See the full data and interactive charts.
Events
September
🇺🇸 22 - 23, North America Climate Summit (NACS) 2026, New York
🇮🇳 28, India Forum: Advancing International Carbon Markets for Climate Ambition, Sustainable Development and Shared Prosperity. Delhi, India.
🇯🇵 30, Building Resilient and Sustainable Cities amid Climate Change and Water Challenges. ISAP 2026, International Forum dor Sustainable Asia and the Pacific
October
🇦🇿🇺🇳 5 - 9, UNFCCC Climate Week 2, Baku, Azerbaijan.
🇫🇷 7 - 8, OECD Forum on Green Finance and Investment. In Paris or online.
📅 07 - 08, Congress SAE BRASIL 2026, Pavilhão da Bienal – Parque Ibirapuera, São Paulo, Brazil
🇦🇺 20 - 21, Australasian Emission Reduction Summit, Adelaide, Australia
November
🇹🇷 9 - 20, COP31. Antalya, Türkiye.
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