Paraguay & Taiwan negotiate 5M-credit trading floor under Article 6 framework

**Article 6 & Bilateral Deals Gaining Momentum.** Paraguay and Taiwan are negotiating an international transfer agreement with a floor of 5 million carbon credits, signalling growing Article 6 pipeline activity in Latin America ([Carbon Pulse](https://carbon-pulse.com/552385/)). Paraguay's rapid carbon-market build-out is explicitly aimed at servicing sovereign demand under the Paris Agreement's cooperative-approaches framework. This is one of the most concrete bilateral floors announced to date and could set a pricing benchmark for nature-based credits channelled through government-to-government channels. **Brazil & Peru Expand Nature-Based Supply Pipeline.** Brazil advanced plans to restore over 36,000 hectares of Amazon forest through concessions that may generate carbon credits, with one area already out to tender ([Carbon Pulse](https://carbon-pulse.com/552324/)). Meanwhile, Peru's environment ministry launched a revamped payment-for-ecosystem-services programme exploring biodiversity credits and habitat banks ([Carbon Pulse](https://carbon-pulse.com/552372/)). A new study underscores that protecting intact tropical forests yields greater biodiversity and carbon benefits than restoration alone, reinforcing the investment case for REDD+ and avoided-conversion credits even as ARR supply scales up ([Carbon Pulse](https://carbon-pulse.com/552243/)). **Registry & Methodology Updates.** Verra announced additional vetted data service providers for its Afforestation, Reforestation, and Revegetation (ARR) methodology, a move that should reduce project-development bottlenecks and improve remote-sensing MRV quality for nature-based removals ([Verra](https://verra.org/verra-announces-additional-vetted-data-service-providers-for-arr-methodology/)). The registry also published its September 2026 newsletter, though detailed content was not available in the source packet ([Verra](https://verra.org/september-2026-newsletter/)). **CORSIA & EU ETS Intersection.** European Parliament lead negotiator Peter Liese deleted a clause from his EU ETS revision draft that would have exempted airlines flying to CORSIA-participating countries from surrendering ETS permits on those routes, calling it an "inconsistency" ([Carbon Pulse](https://carbon-pulse.com/552301/)). The removal tightens the compliance envelope for aviation and could reduce potential demand leakage from the VCM-eligible CORSIA pilot phase into the EU compliance market. Separately, Brussels defended its proposal to set aside 110 million ETS allowances to support cleaner maritime fuels, keeping the allowance cap unchanged ([Carbon Pulse](https://carbon-pulse.com/552056/)). **Compliance Market Signals.** CFTC positioning data showed California Carbon Allowance (CCA) emitters reversing their net-short stance, diverging from speculators, while RGGI Allowance (RGA) net shorts widened to the largest since April ([Carbon Pulse](https://carbon-pulse.com/552310/)). EUAs posted a 1.6% weekly gain as technical support levels held and bullish prompt power prices underpinned demand ([Carbon Pulse](https://carbon-pulse.com/552025/)). Alberta's TIER programme reported declines in both regulated facilities and covered emissions, potentially shrinking offset demand in Canada's largest sub-national market ([Carbon Pulse](https://carbon-pulse.com/552358/)). Q4 WCI joint auction allowance volumes were announced at roughly steady levels versus Q3 ([Carbon Pulse](https://carbon-pulse.com/552347/)).