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- Mon 00:58Governments should adopt risk-diversified tree-planting strategies to ensure long-term carbon removal targets are met cost-effectively amid worsening climate and economic uncertainties, new research contends.
- Mon 00:01Tax revenues offer a sovereign and reliable means of financing climate action amid nationsâ failures to meet financial targets since COP19 in 2009, according to a report published Monday.
- Sun 23:11PACT acts - The UK Partnering for Accelerated Climate Transitions (UK PACT) programme announced two new funding opportunities this week. 1. Indonesia â Carbon Pricing Sector: A six-week call for proposals is now open, with a deadline of July 23, 2025. The new funding opportunity aims to support Indonesiaâs readiness for carbon pricing by strengthening regulatory frameworks and developing market infrastructure.
- Theme 1: Focuses on regulatory support for instruments like compliance and voluntary carbon markets, including legal drafting, policy alignment, and technical capacity building.
- Theme 2: Supports the development of registries, MRV systems, high-integrity standards, market linkages, and strategic analysis.
- In Bolivia: The call aims to create enabling conditions for sustainable finance aligned with updated NDCs.
- In Peru: It seeks to develop the bioeconomy in the Amazon by facilitating finance access and market linkages, and by building a pipeline of investable projects.
- Sun 17:00This weekâs carbon allowance auction in New Zealand is unlikely to see any NZUs clear, market participants predict, as the secondary market continues to languish below the auction price floor.
- UN negotiators are expected to lock horns over climate finance as the meeting of the Subsidiary Bodies (SB62) kicks off on Monday, having historically struggled to summon new, substantial, and complementary funds from carbon markets and other sources.
- Fri 15:26A deep learning framework could offer a rapid method with low computational cost to generate thousands of âsyntheticâ climate mitigation scenarios aligned with IPCC categories, research released Friday has found.
- Fri 15:14A $1 billion concessional finance initiative to decarbonise industry in emerging economies has chosen its first country participants, it announced in a release Friday.
- Fri 14:47Tools for Paris rules - Omtse Ventures, a climate firm headquartered in the Philippines, has announced a strategic partnership and investment in Earth Sama, a suite of digital tools built for Paris Agreement Article 6.4 compliance. The partnership will provide strategic backing, product support, and alignment with national-scale initiatives, the companies said in an email. Over the coming months, Earth Sama will roll out the tools built for Paris Agreement compliance, including a climate creator platform to mint traceable carbon assets, a blockchain-powered field application for GPS-tagged data collection, and a smart contract infrastructure for transparent revenue sharing and automated audit trails, it said.
- Fri 14:44Husk biochar - Australian CDR firm Biocare Projects has launched a carbon removal initiative in Vietnam's Mekong Delta, which aims to remove around 15,000 tonnes of CO2e annually. The region produces over 80% of the countryâs rice harvest and generates huge amounts of agricultural waste, such as rice husks. Biocareâs initiative will use the biomass, which is either burned or left to naturally decompose, and convert it into biochar. Main partners of the project include the Australian Department of Foreign Affairs and Trade (DFAT), EnergyLink Services, the University of Adelaide, and Ho Chi Minh City University of Technology. The Australian biochar sector is on the verge of a boom, even though it remains relatively unknown in policy circles.
- Fri 13:43The government of Pakistan has granted approval to the country's third carbon offset project for trading credits under Article 6.2 of the Paris Agreement.
- Fri 13:39The draft âBeyond Carbon Benefitsâ certification under the Architecture for REDD+ Transactions marks a major shift in carbon markets by integrating social, cultural, biodiversity, and forest service co-benefits - co-designed with Indigenous Peoples and Local Communities (IPLC) - to ensure REDD+ initiatives are more equitable, inclusive, and effective beyond carbon accounting alone. Representatives from IPLC organisations explain why they chose to co-lead the design of a new certification, and how they think it represents a shift, both in terms of how forests are valued, and also how market instruments are designed.
- Fri 13:30Cross border - Singapore and Indonesia signed several MoUs on Friday to advance cooperation on CCS, cross-border electricity trade, and the development of a sustainable industrial zone. The CCS deal includes plans to form a bilateral working group that will study the elements of a legally-binding government-to-government framework. The Southeast Asian countries aim to become the first in Asia to operationalise cross-border CCS, according to Singaporean minister Tan See Leng. The minister also said the region has a theoretical potential to store 133 billion tonnes of CO2.
- Fri 13:23Credit creation - Japanese project developer Bywill on Friday signed an agreement with the city of Tanabe and Kiyo Bank to create and sell J-Credits. The parties will cooperate on carbon offset initiatives, business model development, and information sharing, they said. The deal builds on a Mar. 2024 carbon credit pact between Kiyo Bank and ByWill. The developer has signed a string of similar agreements with local councils and regional banks across Japan.
- While Article 6 implementation has gathered pace in the months since last November's historic COP29 decision, there is still a lot of work to be done, particularly in capacity building across host countries, many of which still need to finalise key carbon markets regulation before they are "open for business".
- Fri 12:16Indonesia's carbon market recorded a moderate increase in activity during May, with trading volumes recovering from April's lows, though international transactions remained absent due to the ongoing government moratorium.
- Fri 12:10Permit prices in China's national CO2 emissions market saw a modest recovery over the past week with improved liquidity, though analysts remained cautious about the near-term price outlook.
- Fri 10:03CO2-eating vending machine - Japan's Yoshikei Group, which provides meal kit delivery services, is promoting the implementation of the "CO2-eating vending machine" developed by beverage producer Asahi, and has installed the first one in Tottori prefecture, according to a company statement. Such facilities can absorb CO2 from the air through special absorbent materials, and the captured CO2 can be used in materials for concrete and asphalt. Each machine is expected to absorb up to 60 kg of CO2 per year, equivalent to the annual CO2 storage of 20 cedar trees.
- Fri 08:56Singapore has released eligibility lists for carbon credit projects Rwanda and Bhutan under its International Carbon Credit (ICC) framework.
- Fri 08:27Australia has launched a new tool to better account for emissions reductions under new savanna fire management (SFM) methods that are being developed under the national carbon credit scheme, the Department of Climate Change, Energy, the Environment, and Water (DCCEEW) said Friday.
- Fri 08:17Australian companies will soon be able to retire certificates documenting their use of renewable gases they use as part of amendments made to the countryâs emissions reporting framework, according to an outcomes paper published Friday.
- Fri 07:33Shoring up defenses - Indonesia plans to build an $80-bln seawall stretching 700 km along Javaâs north coast to defend against worsening floods amid rising sea levels, President Prabowo Subianto announced Thursday in a press conference. The megaproject will run from Banten to East Java and could take up to 20 years to complete. Sea levels around Indonesia have risen over 4 mm a year since 1992, and the pace is quickening, prompting the archipelagic nation to invest huge sums in adaptation even as its economy remains reliant on fossil fuels. Prabowo also said that he welcomes foreign investment from countries like China and Japan, and will set up a dedicated agency to oversee the effort.
- Fri 05:45
Recycling carbon - Japanese companies along with University of Toyama said they will develop a new method to make glycine using COâ emissions instead of fossil fuels. The team, comprising of chemicals maker Resonac and Nippon Steel, aims to produce methanol from captured COâ and convert it into glycine through a catalytic process. Unlike pure fossil methanol, COâ derived methanol contains more impurities, which is a challenge the team is trying to address in a bid to potentially lower costs and boost scalability. Glycine is widely used in agrochemicals, food, and electronics. The project was selected by state-backed NEDO and will run for two years.
- Fri 05:32The South Korean government is soliciting feedback from the power industry in a bid to solve the issue of carbon allowance over-allocation in the emissions trading scheme, according to local media reports.
- Fri 04:27Approval process extended - Woodside Energy said Friday the consultation process with Canberra over the 40-year licence of the North West Shelf LNG facility had been extended, though formal approval was granted in late May. The approval process being extended relates to conditions around air quality and cultural heritage management, Woodside said. The heritage in question is the Murujuga rock art, petroglyphs that are up to 50,000 years old which could be impacted by emissions of corrosive gases from the plant. Australia wants UNESCO World Heritage status granted to the ancient art, but this has been put on hold due to concerns relating to the emissions impacts.
- Fri 02:51Hydrogen highway - Victoria has opened what will be Australiaâs largest hydrogen refuelling station and the first public service station that will offer hydrogen to commercial trucks and other heavy haul transport, it said Friday. It is in the stateâs second-largest city Geelong, where the stateâs oil refinery operates. Viva New Energies, which operates the refinery and plans an LNG import terminal received A$34 mln ($22 mln) via Australiaâs renewable agency and another A$1 mln from the state government. The station has an on-site electrolyser to make hydrogen from the local water supply. Initial nameplate refuelling capacity is five trucks per day rising to 12-15 within two years. Refuelling takes 15 minutes.
- Fri 02:24Welcome ART - Exchange operator ICE has announced its intention to designate the Architecture for REDD+ Transactions (ART) as an eligible registry for use in its CORSIA Eligible Emissions Units futures contracts for 2024-26). This designation is subject to the successful completion of relevant internal processes. Stakeholders are invited to submit comments on this proposed change within 14 days. ICE's current list of eligible CORSIA registries includes ACR, Verra, and Gold Standard. Eligible registries must be approved by the ICAO Council as part of an Emissions Unit Programme for CORSIA. ART is known for its jurisdictional REDD+ credits and its alignment with the integrity frameworks sought by many compliance and voluntary markets.
