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- The buy-side of the carbon removal (CDR) market is accelerating, while only 3-4% of those commitments have been delivered, experts said on Tuesday.
- Wed 00:35California’s clean transportation rules aren’t the only mechanism available to lower emissions in the sector, the former governor of Washington said on Tuesday.
- Wed 00:29Webinar alert – Washington’s Department of Ecology rescheduled its workshop on electric utility allocation in the state’s cap-and-trade programme to July 15, five days later than originally planned. The workshop is part of the ongoing effort to develop the Washington Cap-and-Invest Program updates and linkage rulemaking. Electric utilities, along with emissions-intensive trade-exposed industries, currently receive no-cost allowance allocations to mitigate the cost burden of the programme and to protect electricity consumers.
- Wed 00:04A Canadian-headquartered carbon credit financier on Tuesday disclosed that it had filed a notice of arbitration in Ontario against a former partner firm, alleging failure to meet milestones and delays related to a terminated agreement for a carbon project in the province.
- Wed 00:00A Japanese government-linked think tank has come under fire for producing natural gas demand forecasts that significantly exceed those used by the International Energy Agency (IEA) and oil majors, including BP and ExxonMobil, according to an analysis published Wednesday.
- Tue 23:48Refund retraction - Washington farmers faced with costs under the state's cap-and-invest programme are losing the chance to get partial refunds as a rebate programme created but then abandoned by the legislature comes to an end, Capital Press reported. The state's Department of Licensing has distributed $7.9 mln out of a $28.5 mln pot set up in 2024 to rebate cap-and-invest costs to farmers and haulers of farm goods. However, the department stopped taking refund applications June 2 to give it time to process the applications and close the program June 30, the end of the state’s fiscal year. As much as $20.5 mln could remain in the pot, but the department won’t be able to distribute it to farmers after the Democratic majority didn’t authorise continuing the rebates when the new budget takes effect July 1.
- Tue 23:26Tails from the fund - Emissions Reduction Alberta committed up to C$50 ($37) mln from the TIER Fund to innovations that make tailings and water treatment more effective and low cost. Projects can receive between C$1-15 mln in funding for 50% of eligible expenses from the Tailings Technology Challenge. Outcomes include tailings dewatering and volume reduction, water treatment technologies, mine site remediation and reclamation, and monitoring solutions including emissions measurement. The funding announcement follows the release of initial recommendations from the Oil Sands Mine Water Steering Committee this week, which proposed injecting oil sands mine water deep underground as one of its five recommendations.
- Louisiana lawmakers recently advanced legislation seeking to impose stricter requirements for eminent domain powers in connection with CO2 pipelines.
- Tue 23:22Bike boost - Verra published Tuesday VMR0013 Revision to AMS-III.BM.: Lightweight two- and three-wheeled personal transportation, v1.0 in the Verified Carbon Standard (VCS) programme. The standard said this represented a minor revision to the Clean Development Mechanism (CDM) methodology AMS-III.BM. The methodology applies to project activities that help shift urban passenger transport to mechanical and electric bicycles and tricycles by developing supporting infrastructure, such as bicycle lanes, and the VMR0013 revision expands the methodology’s scope to include other two- or three-wheeled electric vehicles like electric motorcycles and scooters. The revision also allows for the inclusion of business-oriented delivery and transportation services involving goods, food, or other tangible items. Verra said the revision incorporates feedback from a spring public consultation.
- The UK and Egypt on Monday launched a decarbonisation initiative that will see the former's private sector development finance arm pour $305 million into Egyptian renewable energy projects, with the UK also sharing its technical expertise in carbon markets.
- Tue 22:57Bad branding – Climate change superfund legislation in the US needs to be rebranded as ‘retroactive climate liability’, according to a group of lawyers and researchers who spoke at a webinar Thursday. Hosted by the Institute for Energy Research, a right-leaning think tank largely funded by oil interests, experts said superfund legislation was trying to punish companies for legal, beneficial acts they took decades prior and was a carbon tax by any other name. They also said states looking to enact superfund laws ignored their own reliance on fossil fuels, individual contribution to climate change by using them, and would increase costs for consumers as electricity demand boomed. They argued the acts would ultimately not stand up in court, given alleged uncertainties modelling weather and climate change, and further tying fossil emitters to their assumptions. A study published in April in the scientific journal Nature proposed the scientific basis for holding fossil fuel producers legally responsible for climate-related damages is now firmly established. Authors outlined an "end-to-end" attribution framework linking emissions from major carbon producers to specific economic harms, particularly those associated with extreme heat, noting several challenges have historically limited the ability to bring climate liability cases to court, including difficulties in proving causality, or showing that a particular company's emissions were directly responsible for a specific harm.
- Tue 22:53It ain’t easy being green - Building owners in New York will be given more time to comply with a New York City law that limits GHG emission from large buildings. In 2019, the New York City Council passed Local Law 97, setting emissions caps on buildings beginning in 2024 with a ratcheting mechanism lowering the cap in 2030 and 2050. But Mayor Eric Adams (I) is extending the deadline by which building owners must report their emissions data. Originally set for the end of June, owners now have until Aug. 29 to request a deadline extension to submit data. (The City)
- Tue 22:46Legislation directing Oregon’s $101 billion public retiree fund to reduce the carbon intensity (CI) of its investment portfolio in line with the treasurer’s net zero emissions by 2050 target passed the State Senate Monday.
- Tue 22:37The US Senate Finance Committee released its reconciliation text Monday evening, which takes a hatchet to several green energy tax credits while enhancing the 45Q incentive for enhanced oil recovery (EOR).
- Tue 22:31In a process criticised by environmentalists, four major oil and gas companies secured 19 of the 68 blocks offered by the Brazilian government in the Amazon region on Tuesday.
- Tue 22:30Serbia is preparing to introduce a carbon pricing mechanism as it seeks to align with the EU’s Carbon Border Adjustment Mechanism (CBAM), a senior government official has said.
Rooftop reductions - Karbon-X, a carbon offset provider, has partnered with Canadian clean energy consultancy Directions Group, to launch a residential solar carbon offset project in Alberta. The initiative will enable homeowners who install solar photovoltaic systems to generate tradeable carbon credits under Alberta’s Technology Innovation and Emissions Reduction (TIER) regulation. Karbon-X is expected to oversee technical implementation and compliance, while Directions Group will support project rollout and customer engagement. The partnership aims to expand access to carbon markets and align residential solar adoption with provincial emissions reduction goals.
Carbon cohort - The Carbon to Value Initiative (C2V Initiative) – a partnership between the Urban Future Lab at NYU Tandon School of Engineering, Greentown Labs, and Fraunhofer USA – launched the fifth year of its carbontech accelerator and expanded its Carbontech Leadership Council to include L'Oreal and TotalEnergies. The programme aims to support startups developing carbon capture, utilisation, and removal technologies, offering a $10,000 stipend, mentorship, and networking opportunities. Eligible solutions include CO2 conversion to fuels, chemicals, and materials; carbon capture technologies; and enabling hardware for monitoring and verification. Interested parties can learn more here.
- Tue 22:12SEC quits ESG - The US Securities and Exchange Commission (SEC) has withdrawn two proposed rules that mark an end to the agency’s push for ESG disclosures. Of the two rules, one would have required enhanced ESG disclosures from investment advisers, and the other planned to revise the shareholder proposal and resubmission process, according to ESG News. In its announcement, the SEC said that it did not intend to issue any final rules related to the two proposals. If future regulatory action is taken in these areas, it would be under a new proposed rule. The withdrawals reflect a pivot away from former SEC Chair Gary Gensler’s climate agenda.
- Tue 21:25Turkish delight - The United Nations Development Programme (UNDP) and the EU Delegation to Turkiye have launched the Eco Future Grant Programme, a new initiative to strengthen civil society organisations (CSOs) in their efforts to combat climate change and protect biodiversity. Running until Feb. 2028 and funded through the EU’s IPA III with a total budget of US$4.39 mln, the programme will offer both technical assistance and grants. Targeted at CSOs across Turkiye, the programme will support projects that promote net-zero emissions and nature-positive outcomes. A total of $2.36 mln is allocated for grants, with individual awards ranging from $50,000 to $150,000 for projects lasting 12 to 18 months. Applications close on Aug. 1, 2025. The initiative encourages collaboration with local authorities, unions, development agencies, and schools. It is underpinned by a recent needs assessment that identified gaps in technical knowledge, project management, and fundraising, which the programme aims to address through training and capacity building.
- Tue 20:14The European Commission's climate chief and the future head of the EU presidency said on Tuesday that their top priorities for COP30 will be mitigation and implementing concrete action to drive down emissions, with progress on Article 6 also in focus.
- The UNFCCC has launched a public consultation for a clean cooking protocol that may eventually issue units under the new Paris Agreement Crediting Mechanism (PACM), noting that the methodology qualified for review by the Article 6.4 Methodological Expert Panel (MEP) ahead of the body's July meeting.
- Tue 19:22A cookstoves carbon project developer has submitted a request to Verra to requantify its issuances as it seeks eligibility for the current phase of the UN's CORSIA international aviation offsetting scheme.
- Tue 18:38Grand reveal - Spain’s Council of Ministers has reviewed the final report from the Committee established to investigate the nationwide electricity blackout that occurred on Apr. 28. The report identified the cause as a multi-factorial over-voltage incident, which led to system oscillations and the inappropriate automatic disconnection of several generation plants, ultimately resulting in the collapse of the peninsular grid. In response, the Committee recommended a series of measures to strengthen the system’s resilience, including improved control and monitoring of grid participants and increased interconnection capacity with France. The government announced that these recommendations will be formalised and approved at the next Council of Ministers meeting. Observers were quick to point out that initial claims blaming renewables were premature and misleading. They note that renewables not only were not the cause but played a key role in restoring power quickly.
- Tue 18:04In(eos) is out - Ineos has announced plans to shut down its phenol and acetone production facility in Gladbeck, Germany, citing high European energy prices and what it calls “punitive” CO2 taxation. The UK-based chemicals giant said the decision follows a strategic review and that it will relocate phenol production to Antwerp by 2027. The closure puts 279 direct jobs at risk and affects 1,500 more indirectly, The Chemical Engineer reports. Gladbeck hosts the world’s second-largest phenol plant, producing 650,000 tonnes of phenol and 400,000 tonnes of acetone annually. Falling local demand and the closure or mothballing of downstream plants were also cited as contributing factors. Ineos Chairman Jim Ratcliffe blamed EU carbon policy and energy costs for driving deindustrialisation in Europe, calling for urgent regulatory change. The company has been critical of both UK and EU climate policy, warning that energy-intensive manufacturing is at risk. Despite some carbon tax exemptions for energy-intensive sectors, EU power prices remain significantly higher than in the US. While Germany has introduced a €27.5 bln support scheme to offset indirect emissions costs, Ineos says it has already captured most of its easy emissions cuts, and deeper reductions are becoming harder to achieve.
- Tue 17:57Climate negotiators approved the agenda for their 10-day Bonn meeting on Tuesday evening, after a tense first two days in which some pushed to include discussions on unilateral trade measures like border carbon fees and the role of wealthy countries in providing climate finance.
- Tue 17:54
Forest carbon cash - The Democratic Republic of Congo (DRC) has received a $19.47 mln payout from the World Bank’s Forest Carbon Partnership Facility (FCPF) for reducing 3.89 mln tonnes CO2, the World Bank announced earlier this month. In addition to these emissions reductions, which have been bought up upon verification as carbon credits by the World Bank, the DRC will retain 1.7 mln credits (a pre-agreed 30% share of the total), minus a buffer pool contribution, from the rest of the emissions reductions achieved. The government may then either bring these units to market independently, or sell them back to the World Bank. The DRC’s FCPF jurisdictional emissions reduction programme targets forest protection and restoration in the Mai Ndombe province. It is the first payment under a broader agreement that could unlock up to $55 mln for 11 mln tonnes of emissions reductions.
- Tue 17:42Russia carbon deal – Russian refiner Novatek has signed a deal to sell 32,000 carbon units related to its participation in the Sakhalin project, in a deal presented as one of the largest in the history of the Russian carbon market, according to the Russian carbon registry. The transaction came as a result of the implementation of a climate project by Novatek-Yurkharovneftegaz LLC to optimise gas consumption during wastewater treatment at the Yurkharovskoye field in the Yamalo-Nenets autonomous district. Thanks to the acquired carbon units, the company participating in the Sakhalin project will be able to fulfil its obligations under the quotas for greenhouse gas emissions in the region, the Russian carbon registry said.
- Always on the move - Dutch developer Zeroca has listed a new mobility programme in South Africa under Verra, with registration expected in second half of 2025. The programme aims to drive the transition towards sustainable transportation across the country and will include various electric vehicle categories, including motorcycles, light commercial vehicles, buses, and trucks, along with charging infrastructure to support the growing demand for clean mobility. The country permits credits from some clean energy projects to be cancelled by obligated entities under its CO2 tax.
- Tue 17:33Spanish blackout report – The Spanish government has blamed both Red Electrica (REE) and major power companies for the April 28 blackout that left the Iberian Peninsula without electricity, reports El Pais. Vice President Sara Aagesen explained that a power surge, combined with a planning error by REE – after one of ten scheduled plants became unavailable and no replacement was activated – triggered the crisis. The remaining plants failed to respond as needed, despite sufficient generation capacity. The government’s report, presented to the Council of Ministers, does not assign direct blame but says utilities like Iberdrola, Endesa, Naturgy, and EDP are implicated. The report describes the blackout as a “multifactorial” failure, involving inadequate voltage control and lack of synchronous generation. Green campaigners jumped on the report to blame both conventional power plant generators and Red Electrica for the failure, not renewable energies. (El Pais)
- Tue 17:28European carbon allowance prices slumped on Tuesday morning as bullish risks appeared to recede for EUAs, while oil and gas prices advanced amid the continuing conflict between Israel and Iran, and some traders suggested EUAs had reached the top of their current trading range.
- Tue 17:26CORC blimey - The price of Puro.earth issued carbon removals has risen to €145.65 in May from €143.51 in April, according to data released by the registry and marketplace on Tuesday. The CORC carbon removal index, a collaborative endeavour between Puro and Nasdaq, tracks the price of sequestering carbon through engineered removals. The index shows the price has risen over €15 since December, when the price stood at €129.00.
- Tue 17:07Reverting to letter of the law – The US Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) announced Monday that it was retracting an advisory bulletin from the former Biden administration. That bulletin imposed new regulatory requirements and significant costs and undue burdens on the pipeline industry beyond statutory guidance from Congress in Section 114 of the 2020 Protecting our Infrastructure of Pipelines and Enhancing Safety Act (PIPES Act), PHMSA said in the notice. Section 114 did not mention terms such as “fugitive” and “vented emissions”, referenced only natural gas pipelines rather than all pipelines and gathering systems, and created a one-time obligation for inspection and maintenance plans as opposed to a continuing requirement, according to Monday's notice. PHMSA directed owners and operators of pipeline facilities to adhere to Section 114 of the 2020 PIPES Act and Section 60108(a) of the Pipeline Safety Act while developing inspection and maintenance plans. The agency also instructed federal and state pipeline safety enforcement personnel to similarly follow statutory guidance while reviewing the adequacy of the pipeline industry’s plans during future audits and inspections.
- Tue 17:07The world's biggest banks last year dramatically increased their financing of fossil fuel companies in a trend that reversed consecutive years of falling support, as they chased short-term profits and called into question the sincerity of their climate rhetoric, according to a report released Tuesday.
- Tue 17:05Italy has joined France and others in urging the European Union to recognise international carbon credits under Article 6 of the Paris Agreement as eligible contributions towards meeting the bloc’s 2040 climate target.
- Tue 17:04Dangerous distraction - Carbon markets are a 'false solution' to Africa’s climate finance needs, according to a new policy briefing by Africa-based think tank Power Shift Africa. Carbon markets risk undermining Africa’s climate sovereignty by entrenching extractive economic patterns, delaying Africa’s just energy transition, fostering land-grabs and, by failing to address climate change, further destabilising the Earth’s life support systems, leaving Africans first and worst affected. Power Shift Africa said that climate finance should instead take the form of grants and direct budget support rather than loans or offset-based mechanisms . Debt cancellations, tax reform, and reparations are also mooted as ways to raise the much needed cash, the report said.
- Tue 16:31Illegal limits - Coal plants in the Western Balkans are still emitting dangerous levels of pollution, seven years after pollution control rules came into force under the Energy Community Treaty, a report by NGO Bankwatch found. Sulphur dioxide emissions from coal plants included in the National Emissions Reduction Plans of Bosnia and Herzegovina, Kosovo, North Macedonia, and Serbia were still collectively six times as high as allowed. Dust pollution from the coal plants in the region were almost twice as high as allowed in 2024. Emissions dropped slightly from 2023 but remained on similar level to 2018 levels. The Energy Community Secretariat has opened a number of infringement-type cases against the countries but no government has yet put a penalty on the coal plants in question.
- Tue 16:26The Clean Development Mechanism (CDM) Executive Board, at its latest meeting, approved changes to a key tool used in calculating the proportion of biomass harvested unsustainability for cookstoves, which could have a huge influence on credit issuance in the voluntary carbon market.
- Tue 16:20Gas demand in the European Union is projected to fall by 7% by 2030, as member states accelerate their shift toward renewables and electrification, according to a report released Tuesday by clean energy think tank Ember.
- Tue 16:17France supports using international credits delivered under Article 6 of the Paris Agreement as a way to meet the EU's 2040 emission reduction target, the French ecology minister said on Tuesday, arguing their inclusion could be a way to forge new partnerships and contribute to climate finance.
- Tue 16:10The governments of Norway and Switzerland have completed the first international transfer of carbon removal credits under Article 6.2 of the Paris Agreement, in a pilot deal structured by a CDR portfolio manager and supported by a Swiss buyers' coalition.
- Partners please - Calgary-based Hempalta has issued an open call for strategic partners to expand its on-farm, closed-loop carbon removal initiative, currently operating across 13 farms and 10,000 acres of regenerative hemp cultivation in Alberta. The company aims to grow the programme to 25,000 acres, generating high-durability biochar-based carbon removal credits. The initiative converts agricultural waste into biochar directly on farms, re-integrating it into the soil to create a long-term carbon sink while improving soil health and reducing waste. Hempalta is targeting partnerships in farming and Indigenous agriculture, carbon credit offtake agreements (up to 100,000 tonnes per year), biochar technology deployment, and ESG-focused corporate collaboration. The company’s credits are third-party verified under ISO 14064-2 and tracked via a blockchain-enabled registry, with alignment to Alberta’s TIER Protocol and evolving international frameworks, including Article 6.2 of the Paris Agreement. Hempalta CEO Darren Bondar described the project as one of Canada’s most scalable nature-based CDR solutions, citing over 44,000 tonnes of verified removals to date.
- Tue 15:03Brazilian carbon market – The Government of Brazil will this month announce a temporary body to serve as the manager and regulator of the national emissions trading system (SBCE), according to an official from the Ministry of Economy. The creation of a new regulatory agency to oversee the system and receive revenues from the SBCE cannot be approved before July, as it was expected, she told in a closed-door event held by local news outlet Capital Reset.
- Tue 15:02Charges dropped - German prosecutors have dropped a criminal investigation into former DWS CEO Asoka Wohrmann over greenwashing allegations, deciding not to press charges, the FT reports. Key factors included his clean record, departure from DWS following the allegations, and current role outside the capital markets. The probe stemmed from a 2021 whistleblower complaint by ex-sustainability chief Desiree Fixler, which also led to regulatory action in Germany and the US. DWS was fined €25 mln in Germany for misleading ESG marketing, and previously paid $19 mln to the US SEC — then a record ESG-related penalty for an investment adviser. Prosecutors acknowledged Wohrmann’s commitment to DWS’s ESG strategy, noting internal resistance and that failings could not be solely blamed on him. Wohrmann exited DWS in 2022 with a €13.7 mln payout, subject to clawback provisions. DWS has suspended long-term bonuses pending review. He was the only person at the firm under criminal investigation, and no other cases remain open. Patrizia, where Wohrmann now leads, expressed full confidence in his integrity.
- Tue 14:28Cookstoves could be the catalyst that drives a wider voluntary carbon market rebound in 2025, sources have told Carbon Pulse, with a large pipeline of credits now advancing fast towards obtaining the first Core Carbon Principles (CCPs) integrity labels for the sector, and new supply soon be marked as eligible for the UN's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA).
- Tue 14:10The UK Crown Estate has laid out plans to invest up to £400 million in offshore wind, in a move to support new infrastructure – including ports, supply chain manufacturing, as well as research and testing facilities.
- Tue 14:01The European Commission put forward a legislative proposal on Tuesday to stop imports of Russian oil and gas by the end of 2027, as the EU seeks to end its exposure to energy dependency risks, while reinforcing its competitiveness.
- Tue 13:58A carbon removal (CDR) firm announced Tuesday it has teamed up with a Singapore-based agri-commodity trader to launch a biochar project in West Africa that aims to convert 35,000 tonnes of cashew shell waste annually and offset 500,000 tonnes of CO2 by 2026.
- Tue 13:54Time to bond – The Nigerian government has issued a NGN 50 bln ($32.3 bln) sovereign green bond to support the country meet its Paris Agreement targets. Patience Oniha, the director-general of Nigeria’s debt management office, announced the bond this week during a meeting in Lagos. The News Agency of Nigeria reported that the green bond is targeted at institutional investors committing a minimum of NGN 10 bln. The bond will run for five years, funding climate projects that will help Nigeria fulfil its Nationally Determined Contribution (NDC) and mitigate extreme heat, shifting weather patterns, and rising desertification.
- Tue 13:52A pension fund in the UK has committed to allocating 2% of its sustainable investment strategy to a rival insurer’s carbon removal fund in a fillip to both nature-based and engineered projects.
- Tue 13:42Japanese shipping firm Mitsui O.S.K. Lines and Malaysia's MISC Berhad have formed a joint venture with a CCS-focused subsidiary of oil major Petronas to develop and own vessels that transport liquid CO2, the companies announced Tuesday.
- Tue 12:38Australia port power – The West Australian government has released a roadmap for clean maritime fuels at its Pilbara ports where a large portion of the planet’s iron ore departs for China and other markets. It plans to establish a clean fuel bunkering hub in the region to decarbonise shipping and meet the state government’s 2050 emissions reduction target. ‘Alternative’ maritime fuels like ammonia will be trialled there. While Australia, and billionaires like Andrew Forrest, are keen on the potential of green ammonia, other jurisdictions worry over its toxicity. A shift to low-carbon fuels could reduce shipping emissions from 9 Mt of CO2 per year to under 560,000 t, a 94% reduction by the government's calculations. The state’s gas companies and miners tried to launch an LNG marine fuel corridor in 2027 ahead of the IMO’s mandate on sulphur reduction in fuel oil, but little came out of it.
- Tue 12:37Two Japanese companies have formally submitted a Project Design Document (PDD) and a first monitoring report to Japan’s Joint Crediting Mechanism (JCM) secretariat, in a move that may soon see the issuance of the world’s first compliance-grade carbon credits from the agriculture sector, they have announced.
- Tue 12:35Breaking ground on BECCS – Stockholm Exergi, the electricity and heating provider of Sweden’s capital, broke ground on what it says will be one of the world's largest carbon capture and storage (CCS) facilities on Jun. 12. The SEK13 bln (€1.2 bln) bioenergy with carbon capture and storage (BECCS) project should capture more than 800,000 tonnes of CO2 a year – more than Stockholm’s annual road traffic emissions – once it becomes operational in 2028. It expects to capture CO2 from the company's Vartaverket biomass-fired combined heat and power plant, and ship it to Norway for permanent storage as part of the Northern Lights project. Stockholm Exergi took its final investment decision in March. Its project is supported by government subsidies and loans from Sweden and the EU, and emissions certificates bought by private companies, notably Microsoft. Sweden aims to eliminate fossil fuels from its energy mix by 2040, attain carbon neutrality by 2045, and deliver negative emissions thereafter. "This marks the beginning of something that could evolve into an entirely new and competitive industry for Sweden and the Nordic region," said Stockholm Exergi CEO Anders Egelrud in a statement. The company launched its CCS pilot project six years ago.
- Tue 12:10Two project developers in different sectors of the durable carbon removal (CDR) market are collaborating to advance circular CO2 utilisation, they announced Tuesday.
- Tue 11:18Tapping into ETS2 - European Commission officials have suggested using some of the revenues raised via the new Emission Trading System for heating and transport (ETS2), due to come into force in 2027, to help plug holes in the EU's overall budget, the Financial Times reported. The idea is facing significant opposition from factions within the commission as well as member states, as they fear it could stoke resentment against the EU and play into hands of climate-sceptic, right-wing politicians.
- Tue 11:04Carbon emissions from the global oil market will peak in 2027, earlier than peak demand, as the petrochemical sector becomes the dominant source of growth, according to the International Energy Agency (IEA).
- Tue 10:57Yes to Russian gas - The EU should be open to restarting gas imports from Russia if a peace deal is brokered, the Austrian energy minister told the Financial Times. Other than Hungary or Slovakia, no other EU member state had previously suggested resuming Russian gas imports once the war is over. The European Commission on Tuesday is set to propose banning any new gas contracts with Russia and terminating existing ones over the next two years, regardless of peace talks.
- Tue 10:53Australia on Tuesday launched a sustainable finance taxonomy, establishing a classification system designed to channel private capital towards green investments, notably agricultural decarbonisation measures such as biochar application and carbon credit generation.
- Tue 10:31Energy Aspects has hired Shell’s lead carbon markets analyst as its new London-based head of environmental products.
- Tue 09:07Two years after a sweeping complaint against European airlines for misleading environmental claims, consumer advocates say greenwashing remains widespread in the aviation sector, despite regulatory pressure, national court rulings, and some changes to airline marketing practices.
- Tue 08:34Soil carbon - The Watson Carbon Project in northern New South Wales has been issued 5,585 Australian Carbon Credit Units (ACCUs), making it one of the first soil carbon projects in the New England region to generate credits. The regenerative grazing project boosted cattle carrying capacity by 50% and invested in 120 adaptive paddocks, claimed project developer Agriprove. Soil carbon credits have been slow to materialise in Australia due to measurement and methodology challenges, despite hundreds of projects being registered.
- A global tech company and a carbon removal (CDR) provider have entered into a “multi-million-euro” partnership to remove 37,000 tonnes of CO2 by 2034.
- Tue 06:18Too ambitious - Indonesia’s Forestry Minister Raja Juli Antoni has called for a more realistic net sink target for the Forestry and Other Land Use (FOLU) sector in the country’s upcoming second NDC, Bisnis Indonesia reported. Speaking at an event on the preperation of the NDC on Monday, he said the 2035 target must account for national priorities such as food security and bioenergy. The current Enhanced NDC sets a 2030 FOLU absorption target of 93.7-119.9 MtCO2e, which Raja Juli described as ambitious.
- Tue 06:10An Australian climate fund has reached its first close, boosted by two new investments totalling A$30 million ($19.6 mln).
- Tue 05:51The Australian Renewable Energy Agency (ARENA) has granted almost A$20 million ($13.05 mln) to the developers of NeoSmelt, a new and cleaner iron-making process set for pilot launch in 2028 in Perth.
- Tue 01:32Brazil is set to auction 172 oil and gas exploration blocks on Tuesday, including 68 in the Amazon region, triggering internal tensions between the country's energy and environment ministries and raising questions over its energy transition credentials less than five months before it hosts the UN’s COP30 summit.
- Tue 01:31Most countries’ national climate targets are inconsistent with what would be considered their fair share of global emissions cuts needed to meet the Paris Agreement’s temperature goals, according to a new study.
- Tue 01:30Washington regulators released draft changes on Monday to the state’s Clean Fuel Standard (WCFS) programme, supporting the expansion of the production of sustainable aviation fuel (SAF) in the state.
