Efforts to implement the Paris Agreement's new carbon market are accelerating, with a focus on developing high-quality carbon credits. The UN Body overseeing the work is prioritizing key sectors and speeding up technical work to activate the market, with a focus on ensuring emission reductions are real, measurable, and verified under the UN-supervised Paris Agreement Crediting Mechanism. The Body has elected new chairs and advanced technical and procedural issues to support the operationalization of the mechanism. Next steps include continuing work on methodologies, governance procedures, and market readiness at the next meeting in May 2026.