- Thu 23:20Governments must foster investable environments for gas flaring capture and reduction projects, which could offer a quick win for emissions reduction while incentivising the hard-to-abate oil and gas sector with boosted revenues, according to a recent report.
- High impact - Planting trees in Kenya offers the most cost-effective and fast solution to the climate crisis, significantly outperforming expensive tech alternatives like direct air capture (DAC) whilst offering co-benefits like biodiversity uplift, found a new study by Oxford University together with non-profit Word Forest. The analysis looked at 12 carbon removal technologies' implementation cost, deployment complexity, and carbon absorption capacity. Reforestation in Kenya was found to be low cost with immediate deployment possible, with trees there growing 10 times faster than in northern latitudes, absorbing about 0.25 tonnes of CO₂ within 5-7 years. The country currently has 10% canopy cost so has vast potential and businesses should invest there first before deciding which carbon removal tech option to bet on, they wrote.
- Thu 17:00Global sustainable aviation fuel (SAF) demand is set to reach around 2 million tonnes in 2025, but reliance on limited feedstocks could constrain growth beyond 2030 unless alternative production pathways are rapidly scaled, according to a market outlook released Thursday.
- Thu 16:57Risk concerns - Banks and investment managers in the UK are failing to show enough risk appetite to drive the low-carbon transition, said Ian Brown, head of banking and investments at the UK's National Wealth Fund. Brown said the wealth fund is assuming lots of risk to support the sector such as financing a gigafactory in Sunderland but that net zero will only happen with sufficient private financing. He stressed it's unfeasible to rely on the public purse alone to achieve such targets, and that institutional investors in particular are wary of taking construction risk despite managing large transition funds. (Bloomberg)
- Thu 16:45Microsoft continued to support the engineered carbon removal (CDR) market in May, accounting for lion’s share of the 3.48 million tonnes of forward purchase agreements, according to data platform CDR.fyi.
- Green labelling schemes have urged policymakers to adopt a more realistic approach to steel decarbonisation, saying EU objectives must recognise the physical limits of scrap availability and incentivise emissions reductions across all steel production routes.
- Thu 16:32The European Commission on Thursday published its Ocean Pact, a political initiative expected to play a crucial role in ocean governance, committing to present an Ocean Act within two years.
- Thu 16:06The carbon removal sector is in the midst of a crisis despite record offtake volumes this year, driven in part by the scramble to secure venture capital to scale nascent technologies — but there is now clear movement towards sovereign backing of the industry, experts told an event on Thursday.
- Thu 15:55Project developers are stepping up their campaign to tone down cookstove methodology requirements by calling on the UNFCCC Clean Development Mechanism’s (CDM) Board to review outdated science that could lead to under-crediting.
- Thu 15:23The UK is putting close to £5 million of funding into six renewable energy projects in Africa aimed at helping countries leapfrog reliance on fossil fuel power generation, it was announced Thursday.
- Thu 15:22A large voluntary carbon project developer has called for greater alignment among the buyers of credits for new schemes to help unlock high-quality supply.
- Thu 15:22Despite the steep decline seen in voluntary carbon trading, some observers maintain that if the political will is there, carbon markets can deliver significant amounts of climate finance – potentially over half of the needed invested to meet long-term climate objectives.
- Thu 15:21A UK-headquartered carbon capture developer announced Thursday it has partnered with a Japanese supplier of floating production to develop and scale ship-based carbon capture systems.
- Thu 15:03Sunny skies - UK solar generated a record 7.6 TWh in the first five months of this year, 42% higher than the 5.4TWh generated in the same period last year, Carbon Brief found. To date this year, the technology has avoided the need to import gas costing around £600 mln, which would have released 6 mln tonnes of CO2 when burned. But solar was still only the UK’s sixth-largest source of electricity in 2025 to date, after gas (37 TWh), wind (33 TWh), imports (18 TWh), nuclear (15 TWh), and biomass (8.0 TWh). The record was largely driven by the record sunny spring but was also helped by rising capacity, which reached 20.2 GW in 2024, up by 2.3 GW from 17.9 GW a year earlier.
- Project extension - European Green Transition (EGT), a London-listed company focused on developing green economy assets across Europe, has secured a six-month extension to its option agreement for the Altan Carbon Credit project, a peatland carbon sink programme in Donegal, Ireland. The extension, granted at no additional cost, allows EGT to continue discussions with key stakeholders, aiming to generate near-term revenue through carbon and biodiversity credits. (London Stock Exchange)
- Thu 14:11Stakes are high for efforts to tackle the marine biodiversity crisis when France next week hosts the UN Ocean Conference (UNOC).
- Thu 13:38Tech companies around the world saw their operational emissions rise by 1.4% between 2023 and 2024 as data centres continued to eat up electricity — despite more companies setting reduction targets, according to a report published on Thursday.
- Thu 13:35A Singaporean exchange has stolen a march on its rivals in the fiercely competitive market for benchmarking carbon prices, after reporting an offer for CO2 tonnes on a floating price basis versus its Phase 1 CORSIA index.
- Thu 13:11The European Commission will put forward its 2040 climate target proposal on July 2, a crucial step that officials said will "inform" the EU’s updated Nationally Determined Contribution (NDC) to the Paris Agreement.
- Tiki taka - Europe's football governance body UEFA this week launched a new methodology to measure carbon emissions from football infrastructure projects, including stadiums, training grounds, and offices. Developed with Carbon Trust and a working group of clubs, leagues and national associations, the tool aims to account for lifecycle emissions from construction activities, excluding operational use. A report earlier this year found that 'the beautiful game' emits 66 MtCO2 annually, with most of it coming from indirect emissions of sponsors who are usually from high-emitting industries, like oil and gas, airlines, and cars.
- The government of England’s North East region has unveiled an online platform designed to connect private buyers and suppliers of nature-based solutions.
- Thu 12:58The Article 6.4 Methodological Expert Panel (MEP) has launched a call for public consultation of the first proposed methodology under the Paris Agreement Crediting Mechanism (PACM), it announced Thursday.
- Thu 12:19Biodiversity and nature-based carbon credit markets are projected to reach $48.7 billion by 2034, backed by growing investor interest in natural capital and ongoing efforts to meet international policy targets, according to a report released this week.
- Thu 12:10European carbon allowance prices rose as high as 2% on Thursday morning, initially following gas and boosted by a strong auction, before easing back across the afternoon and breaking their TTF correlation to settle flat on the day, in what sources described as directionless movements driven mainly by some profit taking.
- Thu 11:39The end goal of talks on linking the EU and UK emissions trading schemes (ETSs) is to ensure "fungibility" between allowances on the two sides, the UK ETS Authority said this week, without giving many further details on upcoming talks.
- Thu 10:24Gaining ground - European carbon removals accelerator Remove has partnered with Indian think tank, the Council on Energy, Environment, and Water (CEEW) to support carbon removals startups and cultivate CDR ecosystems in India as well as globally, Remove announced on LinkedIn. The accelerator marked its entry into the Indian market last year when it selected the first cohort of startups. While India has great potential to supply removals credits globally, it lacked local demand, Marian Krueger, co-founder of Remove, told Carbon Pulse at the time.
- Thu 09:53Global economies and societies are linked to forests in a deeper way than previously thought, meaning governments need to have a long-term approach to ensuring their survival, according to a global report by scientists.
- Thu 09:00The Biodiversity Credit Alliance (BCA) on Thursday announced it is beginning work to design an independent review mechanism for voluntary biodiversity credit markets.
- Thu 07:55Energy sector spending is now two-to-one favouring renewables and nuclear over fossil fuels, and capital spend will rise 2% this year to $3.3 trillion, but this is driven more by energy security concerns than emissions reduction ambitions, the International Energy Agency (IEA) said Thursday.
- Thu 07:22Show me the money - The government of Zambia is set to receive $30 mln from the World Bank in results-based payments to reduce 3 MtCO2e over 2024-29 under the Eastern Province Jurisdictional Sustainable Landscape Programme, it announced this week. The nation formally signed a Nested Emission Reduction Performance Agreement (NERPA) with the World Bank last year to undertake activities such as forest conservation, climate-smart agriculture, use of fuel-efficient cookstoves, and sustainable charcoal production. Earlier this week, it also signed an MoU with the Community Markets for Conservation (COMACO), it said.
- Thu 07:00UK ETS allowances are nearly £20 more expensive than they were at the beginning of 2025, with the rise in price thanks in large part to several speculative articles - as well as later official announcements - reporting that the UK and EU aim to connect their two emissions trading schemes (ETSs), but analysts have highlighted that the volatile nature of the headline-driven market is also unlikely to change soon.
- Thu 06:59CBAM transition plea – The European Network of Transmission System Operators for Electricity (ENTSO-E) has called for extending the transitional period of the EU’s Carbon Border Adjustment Mechanism (CBAM) beyond Jan. 2026, Montel reported. The move would allow more time for EU neighbouring countries to prepare, an ENTSO-E official argued during a meeting of the Energy Community Electricity Forum in Athens, on June 4. Coal-reliant countries like Bosnia, Serbia, North Macedonia, and Kosovo are expected to be heavily affected by CBAM, which is now in a transition period and is due to apply fully as of Jan. 1, 2026. The Energy Community brings together the EU and 9 neighbouring countries that are either candidates or potential candidates to join the EU. (Montel)
- Thu 02:27Advertising emissions metrics – A new partnership aims to help advertisers track the emissions associated with their digital campaigns, said Integral Ad Science in an emailed press release on Thursday. The media measurement platform’s tie up with sustainable advertising tech provider Impact Plus will provide advertisers with campaign-specific emissions data. IAS pointed to regulations in the EU and California requiring companies to report on their environmental impact as a driver for the move to incorporate emissions metrics into its overall media measurement platform.
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