One of the world’s largest business organisations has thrown its weight behind the VCMI’s new Scope 3 Action Code of Practice after warning the cost of inaction on climate change is now staggering.

A carbon market intelligence provider and credit procurement firm has announced its expansion into Singapore on Wednesday.

A partnership unveiled Wednesday seeks to provide a solution to stubble burning and agricultural waste in India with the launch of a biochar-based carbon credit platform.

India's Ministry of New and Renewable Energy this week launched the Green Hydrogen Certification Scheme to standardise and verify the production and export of the fuel, with first H2 exports destined for Japan and Singapore.

Commercial fusion power has taken a large step forward after ITER, the International Thermonuclear Experimental Reactor, announced Wednesday it has completed all components required to build the world’s largest and most powerful magnet.

Another exchange-traded fund dealing in carbon allowances has closed down, bringing the total number of such ETFs that have shut in the last year to four.

A forest carbon developer plans to certify three new projects in 2025 as it adapts to changing market preferences and faces regulatory delays, it said in its latest progress report.

As of Q1 2025, global carbon capture, utilisation and storage (CCUS) capacity in operation exceeded 50 million tonnes, showing a modest increase from the previous year, the International Energy Agency (IEA) said Wednesday.

Unrealistic renewables - Kazakhstan’s vice minister of energy has told the country’s parliament that heating from renewable energy sources is unrealistic and remains a technical challenge for the nation. The country will focus on technologies including nuclear power and the ones that capture CO2. Kazakhstan is targeting 50% of its electricity to come from alternative sources by 2050, even as the Central Asian nation has no plans of completely abandoning coal, he added.

Tech support - Web3 company Ginco on Wednesday said it has started providing blockchain technology to E-dash, which operates the Tokyo carbon credit market as commissioned by the metropolitan government. The carbon marketplace, launched in March, is part of the megacity's plan to halve CO2 emissions by 2030 compared to 2000 levels.

The Labor government is cautiously tipped to return to office at this weekend’s federal election, however experts and observers have noted stark climate and energy choices will need to be made very soon no matter who forms the next government.

Coming down the pipe - The pipeline of wind, solar, and battery projects has risen to 51 GW in the year ending Mar. 31, according to the Australian Energy Market Operator (AEMO), The Energy reported. AEMO's report relates to new renewables projects in the National Electricity Market (NEM) which comprises of the grid in Australia's eastern and southern states. The NEM pipeline comprises of 20 GW at the application stage, 20 GW in the implementation phase - meaning reaching a network agreement, final investment decision and under construction, 4 GW at the registration phase, and 7 GW at the "commissioning to full output" stage.

Leading role - China last year produced over 36.5 mln tonnes of hydrogen, accounting for over a third of global output, according to a report published Wednesday by the National Energy Administration (NEA). As of the end of 2024, the country's annual hydrogen production capacity exceeded 50 mln tonnes, a 1.6% increase year-on-year, with hundreds of related financing projects initiated. Hydrogen produced from fossil energy sources still dominates the Chinese market, the report showed.

Vietnam has confirmed plans to move back to nuclear power as it seeks to address increasing electricity demand while cutting its emissions and diversifying its grid, with the most recent update to the Power Development Plan 8 (PDP8) outlining a target of 4-6.4 GW to come online between 2030-35.

Gassy expansion - Japan’ Sojitz Corp said it has entered India’s biomethane production and sales market by investing in IOC GPS Renewables, a joint venture between GPS Renewables and state-run Indian Oil Corporation. The venture aims to build 30 plants in the next couple years that will produce 160,000 tonnes of biomethane annually from agricultural waste. The $400 mln project supports India’s push to cut fossil fuel reliance, reduce pollution from crop burning, and raise rural incomes, the company said. Recently, US forest investment and management company EFM and Sojitz formed a joint venture, EFM Sojitz Management, to raise $200 mln to generate high-integrity credits.

A subsidiary of Korea Electric Power Corporation (KEPCO) has participated in a carbon reduction project to drive down emissions from Nepal's brick manufacturing sector and secure Paris-aligned carbon credits, it announced Wednesday.

A New Zealand climate advocacy group is seeking leave to appeal to the country’s top court its case over climate targets.

Gas gambit - Southeast Asia is considering its highest number of upstream gas project approvals in over a decade, with 14 projects potentially adding an 18% rise in output despite mounting climate and biodiversity concerns, a Global Energy Monitor report said Wednesday. Projects span Indonesia, Malaysia, Vietnam, Brunei and Myanmar, with many overlapping ecologically sensitive areas such as the Coral Triangle and Mekong Delta. While governments tout gas as a development driver and energy stopgap, most projects face delays and uncertainty, with some discoveries dating back over a decade, the report said. Malaysia and Indonesia are leading expansion efforts, but the report warned gas lock-in could derail a transition to renewable energy.

Solar boon – New Zealand’s largest solar farm to date has begun operations, generator Genesis Energy announced on Tuesday. The 63 MW farm, located in the South Island, will generate up to 100 GWh of electricity annually, the firm said. The NZ$104 mln ($61.7 mln) investment was the first by Genesis towards its goal to develop 500 MW of solar capacity in the country. The firm added that it expects its next solar farm to be green lit next year and start in 2027. It comes as local media reports that Genesis has a 1.2 mln t stockpile of coal at Huntly, more than three times the power plant’s usual stockpile. Genesis CEO Malcolm Johns said this was to ensure security of supply for winter, particularly as New Zealand has had a dry summer and hydro reserves are low.