- 00:37A group of 22 youth from across the US filed a constitutional lawsuit on Thursday, alleging that a number of recent executive orders (EOs) issued by President Donald Trump violate their fundamental rights by expanding fossil fuel development while suppressing climate science.
- Sustainable aviation fuel (SAF) developer Gevo has agreed to purchase $637,500 worth of CO2 removal certificates (CORCs) from South 8 Energy as part of a broader transaction tied to its acquisition of a North Dakota ethanol plant and carbon capture infrastructure.
- 00:00During a trip to Mexico’s capital city this week, UN Climate Change Executive Secretary Simon Stiell praised Mexico’s new climate strategy while encouraging the nation to submit a strong Nationally Determined Contribution (NDC).
U go, Uganda - The government of Uganda on Thursday hosted an official launch event for the National Climate Change (Climate Change Mechanisms) Regulations of 2025, as per posts by the Ministry of Water and Environment on X. Minister Aisha Sekindi emphasised on the occasion that proceeds from selling carbon credits could be channelled to support national development priorities including investments in renewable energy, agriculture, forestry, waste management, transport, and local community initiatives. Uganda in January adopted its flagship carbon market regulations. These lay out the stages of no-objection, benefit-sharing plan formulation, approval, monitoring and reporting, verification, credit issuance, and credit transfer. It also mandates the creation of a national carbon registry, and stipulates that verifiers operating in Uganda must be accredited under one of the listed international standards.
- 23:55Phasing in a carbon tax in Kenya could bring in substantial revenues without placing extra burdens on poorer households, according to a report published this week.
- From BRICS to COP30 - BRICS has approved its first joint framework document on climate finance, as part of efforts to translate commitments into concrete actions ahead of COP30, which will take place in November in Brazil. The document was endorsed at a high-level meeting of deputy ministers and will be submitted to the heads of state in July. It recommends collective action by BRICS, involving multilateral banks, the mobilisation of private capital, and regulatory measures to ensure financial flows to developing countries, said Ambassador Tatiana Rosito, secretary for international affairs at Brazil’s Ministry of Finance, in a note.
- 23:29An economic Dr. Seuss - Restoring just 15% of the land lost in Canada’s 2023 and 2024 wildfires would require over 5.3 bln seedlings, which could inject over C$1.87 bln ($1.4 bln) into the economy and boost GDP by $3.9 bln, the Canadian Tree Nursery Association (CTNA-ACPF) said Thursday. The group completed its first Canada-wide economic impact analysis of growing tree seedlings for forest restoration as Canada’s forest harvest levels decline alongside a reduced demand for overall tree planting activity and seedlings produced by the association’s members. CTNA-ACPF called on both provincial and federal governments to increase commitment to forest restoration.
- 23:20COP30 host Brazil won’t consider the trade of Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.2 of the Paris Agreement until completion of a national GHG inventory expected next year, according to a national environmental official.
- 23:09The African Development Bank (AfDB) will launch a carbon market support facility next year, an official told Carbon Pulse, in an effort to unlock billions of dollars of climate finance for the African continent.
- 22:57Battery electric heavy-duty vehicles (HDVs) are on track to becoming more affordable than diesel freight transport, according to a new study by a San Francisco-based think tank.
- 22:56New emissions data show that the year-over-year (YoY) decline of US energy-related CO2 emissions slowed in 2024 compared to the previous year’s drop, with power sector and jet fuel emissions inching upward.
- 22:17More credit – In Brazil, the largest exporter of orange juice in the world, the state of Mato Grosso do Sul, approved the release of credit of up to R$20 mln ($3 mln) for the expansion of citrus farming. The money will come from the Constitutional Fund for Financing the Central-West (FCO, in Portuguese). The Federation of Agriculture and Livestock of Mato Grosso do Sul (Famasul) expects that the vast use of direct planting in the region and its potential for storing CO₂ in the soil will contribute to the state’s goal of being net zero in 2030. (Campo Grande News)
- Despite Iraq’s surge of cross-ministerial support for carbon markets, international players are keeping their distance, according to the head of a global carbon market investment and project development platform working closely with the government.
- 21:07Canada’s economic competitiveness could be at risk if the federal government fails to keep up with global energy transition and climate policy progress, according to a new analysis published on Wednesday.
- 20:58The Q2 California-Quebec current vintage carbon auction settled at the floor price in line with secondary market prices and tempered market expectations, as California Carbon Allowance (CCA) futures have weakened through May in the face of unresolved federal risks and prolonged reauthorisation negotiations with state lawmakers.
- 18:13One of the biggest risks that project developers face is the ambiguity around corresponding adjustments by host nations under Article 6 of the Paris Agreement, a developer told a conference Thursday.
- Boasting the voluntary carbon market’s first warranty and indemnity insurance policy, the developer of a forestry project in Ghana is now fielding interest from six major corporates that are new to the market and offering a premium of at least 300% in added value, according to the developer's CEO.
- Peru's national carbon registry (RENAMI) is on the cusp of registering its first voluntary carbon market (VCM) project and first Article 6 project under a bilateral agreement, Carbon Pulse heard from a senior official on the sidelines of the Peru Carbon Forum in Lima on Wednesday.
- 17:37Benchmark EUA futures fell 1.5% on Thursday, retreating from a one-week high earlier in the day fuelled by excitement about the latest TNAC figure and news that President Donald Trump's wide-reaching tariffs have been blocked by a US court.
- 17:09Green H2 bankability - Lessons from the solar PV industry can offer insights to improve the bankability of green hydrogen projects, according to a new paper on the subject by Hydrogen Europe. The report proposes developing a standardised 'Bankability Management System' to streamline risk assessment and financing for hydrogen projects. This would include a 'Bankability Stakeholder Dialogue', a collaborative platform for financial institutions, policymakers, and developers to define investment criteria, and a 'Bankability Seal', a standardised certification ensuring projects meet financial institution requirements. Such a structure would help deliver widespread bankability in green hydrogen, the paper argues.
- The South Korean government on Thursday signed arrangements with the UNFCCC and the Global Green Growth Institute (GGGI) to work on developing a model framework, project methodologies, and other elements for a high-integrity global voluntary carbon market aligned with the Paris Agreement’s Article 6.
- 16:11You take the Hy road - Statkraft has signed an option agreement with Clydeport (part of Peel Ports Group) to explore the development of a green hydrogen production, storage, and export facility at the Hunterston PARC site in Ayrshire, Scotland. The project would repurpose a former coal terminal and connect to an existing jetty via pipeline for hydrogen exports, potentially in the form of ammonia. Peel Ports described the initiative as a major investment expected to create local jobs and support economic regeneration. The hydrogen facility is part of a broader push to redevelop Hunterston as a renewables hub, with ongoing or planned projects including:
- XLCC’s £1.4 bln HVDC subsea cable factory, linked to an interconnector project between the UK and Morocco, potentially creating 1,200 jobs
- Highview Power’s proposed liquid air energy storage (LAES) plant – the world’s largest – with another planned in Aberdeenshire
- A £150 mln redevelopment of the site’s marine yard to support offshore wind projects such as MarramWind and Malin Sea Wind.
- 15:43Wildlife-based conservation is a viable opportunity for nature markets that is more lucrative than livestock farming, an expert said this week.
- Project selection - South Korea has selected six international emissions reduction projects eligible for financial support under Article 6 of the Paris Agreement, according to a government notice. The list includes a biomass power plant in Cambodia, two solid waste and landfill gas projects in Vietnam, a bio-diesel initiative in Malaysia, a mobile solar-battery system in Uzbekistan, and a thermal energy supply project using biomass fuel in Vietnam.
- 15:29Green MoUs – The government of the Indian state of Arunachal Pradesh has signed agreements worth INR 63.57 bln ($765.9 mln) with 16 companies at the Rising Northeast Investors Summit in Delhi, aiming to attract investments across multiple sectors. Deals include an INR 23.24 bln project to convert agricultural waste into biofuels and an INR 17.6 bln afforestation and carbon credit initiative. (The Times of India)
- 15:19Shared experience - Ghana's delegation shared the country's progress on implementing Article 6 during the recent 4th Biennial Commonwealth Sustainable Energy Transition (CSET) Forum, which called for increased South-South cooperation to drive just and sustainable energy transitions across the Commonwealth. Ghana is currently running 12 carbon projects, with 8 mln tonnes of carbon credits, to sell on the international market, with existing international buyers including Switzerland, Sweden, and Singapore. The Ghana delegation proposed South-South cooperation within the Commonwealth to advance progress on carbon markets, which was accepted by the Commonwealth Secretariat. Country representatives from more than 30 Commonwealth countries met over the 4-day forum, to discuss a range of subjects from energy transition to AI.
- 15:06EU 2040 emission reduction target due in July - The European Commission will propose a 90% 2040 emission reduction target in July, Bloomberg reported. The executive will give greater flexibility to member states in the way it reduces its emissions - such as by allowing some international carbon credits, or giving up sub-targets for various sectors. The new target will also include removals. The draft law is set to come after Poland, which has opposed a 90% target, ends its rotating presidency of the EU, when Denmark will take over the presidency from July 1. (Bloomberg)
- 15:06A South Korean electronics multinational announced Monday it has signed a Memorandum of Understanding with a university-affiliated marine research centre to explore the potential of a mineral-releasing material aimed at boosting marine carbon sinks.
- Verra has backtracked from a blanket suspension of reviewing projects from four verification and validation bodies (VVBs) that were involved in auditing the 37 rice cultivation projects in China that the standard body rejected in 2024.
- Voluntary carbon credit trade crashed lower in 2024, wiping 29% off market value year-on-year, as project developers grappled with the "bumpy ride" to integrity, according to a report published Thursday.
- 14:56The quality of an Article 6 credit with a corresponding adjustment will fundamentally depend on how serious the host country government is in achieving its Paris Agreement commitments, said a carbon market expert at a London conference Thursday.
- 14:43South Korea could see the results of next week's presidential election shape the trajectory of the country's energy policy, particularly timelines for early coal plant closures and nuclear energy development.
- 14:12Ukrainian industries - The Ukrainian Union of Industrialists and Entrepreneurs (USPP) said they support the government's intention to appeal to the European Union to postpone the implementation of the Carbon Border Adjustment Mechanism (CBAM) for Ukraine, RBC-Ukraine reports. The possible costs of CBAM to Ukrainian manufacturers could exceed €1 billion, according to some estimates. The Union says industries are already damaged by shelling, have limited access to financing, and are losing sales markets. (RBC-Ukraine)
- 14:10The question of 'fairness' is increasingly becoming a benchmark for the level of trust and integrity tied to a carbon project in Africa, and ultimately the price it can charge for credits — but major gaps remain to be addressed, speakers told a conference on Thursday.
- 13:27Sovereign credit rating agencies should better integrate environmental indicators, as existing methodologies largely fail to value improvements in biodiversity, according to a paper released this week.
- 11:11Trading activity in China’s national emissions market slowed this week ahead of a national holiday, with carbon prices continuing to fall amid bearish sentiment.
- A pioneering study of airborne microplastics from analysing glacier snow aims to understand more about their climate-related impacts, with potential implications for regulating the plastics industry.
- 10:57A carbon market governance body and non-profit are joining forces to support financial regulations boost carbon finance in Kenya, focusing in particular on clean cooking projects, they announced Thursday.
- 10:50Stop the tractors – Carbon emissions from agricultural machinery in China have increased seven-fold since 1980, and left unchecked could reach 213.6 MtCO2e by mid-century, according to new research led by China Agricultural University in Beijing. By then, that would account for about a fifth of China’s total emissions, if the country meets its emissions targets in other sectors. However, through initiatives to adopt renewable energy, the 2050 emissions could be 65-70% lower, according to the study, published in Nature.
- Accounting standards grow - The Partnership for Carbon Accounting Financials (PCAF) has surpassed 600 signatories globally, it announced on Thursday. The industry-led initiative provides support to finance firms with the aim of improving transparency on GHGs linked to financial activities including access to an extensive emissions factor database, technical assistance, and education. PCAF's Accredited Partner programme for consultancies, data, and software providers also continues to grow, and the partnership is reviewing recent feedback on proposed methodologies to add to its Global GHG Accounting and Reporting Standard, which it expects to incorporate by the end of the year.
- Flare gas reduction - Engineering consultancy Wood has been awarded a series of decarbonisation contracts worth $100 mln for flare gas reduction and carbon efficiency project solutions across large oil fields in Iraq, stated a press release. The company will deliver brownfield engineering, procurement, and construction (EPC) and modifications solutions to enhance operational efficiency and minimise environmental impacts, to drive Iraq’s pledge to reduce gas flaring 78% by the end of 2025.
- 10:16A project developer in Malaysia has admitted that Indigenous communities within the company’s 39,000-hectare REDD+ project in Sarawak still do not understand the initiative, despite over two years of outreach efforts.
- 09:47The Malaysian state of Sarawak launched its Sustainability Blueprint 2030 on Thursday, outlining a green economy agenda centred on decarbonisation and carbon market development, while working on a dedicated carbon plan.
- London-based asset manager Gresham House has secured £375 million at the final close of its latest forestry fund, marking its largest fundraise to date for a single vehicle.
- 09:11South Korea's trade ministry has teamed up with government agencies in Mongolia for an international GHG emissions reduction project aligned with the Paris Agreement, targeting the abatement potential in traditional housing, known as gers.
- 08:22CCUS demonstration - Japanese companies Hitachi and Niterra have agreed to launch a joint demonstration test to recover and liquefy CO2, according to a press release Thursday. The test will begin in Oct. 2026 and capture CO2 from the boilers at Niterra's Komaki auto-parts plant. The companies will develop a system that combines Niterra's CO2 recovery unit technology with Hitachi's small-scale CO2 liquefaction tech. They plan to sell on the liquefied CO2 to various local industries such as agriculture, manufacturing, and the food industry. The pilot aims to produce 3 tonnes of liquefied CO2 per day with a purity of 99.95% or higher. Work would then be done to scale up the technology to 10 tCO2 per day by 2027, according to the release.
- A UK construction firm has partnered with a biochar producer to trial the on-site conversion of roadside vegetation into carbon-storing material as part of a National Highways scheme, the firm announced Wednesday.
- 07:57Test the waters - Japanese project developer Tromso on Thursday said its Vietnam-based biochar project has been selected for government subsidies. The company said it will carry out a demonstration project for the production of biochar using agricultural and forestry residues in southern Vietnam, according to a statement. Meanwhile, the government of Hokkaido's Shikabe town has teamed up with developer Stellar Green to promote carbon neutrality and create carbon credits from local forest resources.
- 07:56Fresh money - Japanese biochar project developer Towing has raised around JPY 1.94 bln ($13 mln) in Series B funding from a group of investors, including Mitsubishi UFJ Capital and AgVenture Lab, it announced Thursday. Towing said it will expand peripheral businesses related to its biochar solutions, such as regenerative agriculture and carbon credits, and has begun demonstration projects in collaboration with global partners.
- 07:56Stop it - A group of climate activists have filed a lawsuit against the Export-Import Bank of Korea (KEXIM) and the Korea Trade Insurance Corporation (K-SURE) for their financial support to the Coral North Floating Liquefied Natural Gas (FLNG) project in Mozambique, according to a release by non-profit Solutions for Our Climate (SFOC). KEXIM and K-SURE have previously allocated around $1.8 bln in funding for a similar project, Coral South, and are reportedly contemplating an extra $1.9 bln in loans and guarantees for Coral North. That has aroused worries that public resources will once again be channelled to facilitate the expansion of fossil fuels overseas, SFOC said.
- 06:38Malaysia is considering allowing companies to offset up to 5% of their emissions under a planned carbon tax set to take shape by 2026, a senior government official said Thursday, as part of broader efforts to stimulate demand in the domestic carbon market.
- 06:22Clean energy investment in Australia in 2024 rose to A$9 billion ($5.7 bln), up 500% year-on-year thanks to renewable policy certainty, according to a report published Thursday.
- 04:02Remote financing – Australian remote energy platform Pacific Energy Group (PEG) has completed a A$2-bln ($1.3 bln) equity fundraising and debt refinancing, supported by Queensland Investment Corporation, the state-owned investment manager said in a press release. The A$370-mln equity fundraise features commitments from investors in Australia, Asia, and North America, while a consortium of 15 banks is providing a A$1.6-bln debt refinancing facility. This leaves PEG with more than A$1 bln to continue its growth capex programme, said QIC. PEG currently has 946 MW of power contracted across 48 sites, and a deep development pipeline, according to the press release. PEG specialises in bringing long-term renewable energy solutions to remote areas in Australia and the Indo-Pacific region.
- 03:46Tanzania has become the 30th country to agree to a bilateral carbon trading framework with Japan under the Joint Crediting Mechanism (JCM), as part of Tokyo's strategy to secure Paris-aligned carbon credits.
- 02:14Powering ahead – The New Zealand government has proposed a raft of changes to energy and infrastructure legislation and policy in a bid to smooth the path for renewable energy projects. As part of a package of proposals under the country’s Resources Management Act unveiled on Thursday, it has put forward changes to strengthen the country’s National Policy Statement for Renewable Electricity Generation to make it easier for new projects to receive consent. Simon Watts, who holds the energy, climate change, and local government portfolios, said in a press release that the country needs billions of dollars invested in renewables in the coming years, but at present it is challenging to consent new developments. The updated policy statements will help New Zealand meet its goal to double renewable energy capacity by 2050, Watts added. Close to 90% of the country’s energy in 2024 came from renewables.
- 02:00Battery boost - Australia saw six energy storage projects representing 1.5 GW/5 GWh reach financial close in the Q1 of 2025, according to a report published by the Clean Energy Council Thursday. It is the second highest quarterly result for new financially committed storage projects, said the report. However, just two generation projects, representing 386 MW of new capacity, reached financial commitment during the quarter, with the report saying this was in line with historical trends. There are 82 renewable electricity generation projects that are currently either financially committed or under construction, representing 12.5 GW of capacity. The CEC said it expects to see investment activity grow as the year progresses, with around 10 GW of wind and solar likely to proceed to investment in the next 24 months, many of which are supported by the government's Capacity Investment Scheme.
- 01:46Solid ground - Quebec’s Advisory Committee on Climate Change advised the provincial government to maintain carbon pricing via its cap-and-trade programme, which is linked with California, the Montreal Gazette reported Wednesday. The committee said it was an apolitical stance amid ongoing dispute between the governing CAQ party, which has firmly stood behind the ETS, and the opposition Conservatives who want to abandon the programme amid the federal removal of the consumer-facing carbon charge nationwide.
- The Science Based Targets initiative (SBTi) must revise its updated Corporate Net Zero Standard (v2.0, CNZSv2) to allow more flexible use of high-quality carbon credits - including avoidance and reduction credits - to unlock greater private sector investment in climate action, Rubicon Carbon warns, adding that the current rigid framework risks deterring corporate engagement and delaying urgently needed emissions reductions.
- 01:10Ireland is on course to fall significantly short of its 2030 greenhouse gas reduction targets, even under the government's most optimistic policy scenario, the country’s Environmental Protection Agency (EPA) said in a report published this week.
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