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- Although no federal agency has statutory authority to impose carbon credit integrity standards, the US Federal Trade Commission (FTC) may be best positioned to influence the market, according to a new report.
- Wed 00:01Climate change is set to cause widespread disruption to global labour markets and will have profound implications for central banks, according to a report published Wednesday.
- Tue 22:45Most renewable energy projects are now cheaper than fossil fuels alternatives, according to a report published Tuesday by an international energy agency.
- Tue 22:42A global energy and petroleum company is partnering with a forest carbon project developer to conserve forests from land conversion and harvesting.
- Lost legislation - A landmark US bipartisan climate change law focused on helping farmers navigate the country's carbon markets and cut GHG emissions may not come to fruition, E&E News reported. The Growing Climate Solutions Act, enacted by Congress in 2022, aimed to create a network of government-certified providers to verify GHG reductions climate-friendly farm practices, but the Department of Agriculture has shown few signs of implementing the law. In the final days of the administration of President Joe Biden in January, the US Department of Agriculture (USDA) announced the appointment of over 30 members to an advisory council intended to facilitate wider stakeholder engagement in the Greenhouse Gas Technical Assistance Provider and Third-Party Verifier Program, an initiative founded under the Growing Climate Solutions Act.
- Climate watch - Environmental Defense Fund (EDF), a US-based environmental advocacy organisation, has filed an amended amicus brief in a class action lawsuit against Apple's sustainability marketing practices to correct legal errors that it said could create uncertainty and discourage corporate climate action. EDF filed the original amicus brief last month in support of the tech giant, stating that Apple’s approach of "deep decarbonisation paired with high-quality carbon credits represents credible climate action". The lawsuit challenges the company’s carbon neutral claim for its Series 9 Apple Watch through the use of alleged "redundant and ineffective offsets".
- Salty storage - The National Energy Technology Laboratory (NETL), a US Department of Energy national laboratory, has launched CO2-S-COM-Offshore, a technoeconomic modelling tool for assessing the feasibility of offshore carbon storage projects in saline reservoirs in the Gulf of Mexico. The tool allows users to analyse project costs across various stages – including site selection, permitting, transport, operations, and decommissioning – by adjusting key inputs such as injection rates, monitoring levels, and financing models. The tool is designed to be adaptable and evolve as the carbon storage industry advances and new regulations are enacted, according to the NETL.
- Campaign promises - Guyana’s main opposition coalition, A Partnership for National Unity (APNU), has pledged to increase the share of Guyana’s carbon credit revenues allocated to Indigenous communities from 15% to 50% if elected in the upcoming September elections. Speaking at a rally, Prime Ministerial candidate Juretha Fernandes stated that, under APNU leadership, these funds would be distributed directly to Indigenous families, rather than through community leaders. The commitment follows Guyana’s $750 mln carbon credit deal under the Architecture for REDD+ Transactions (ART) initiative, which currently directs 15% of proceeds to Amerindian villages for community-led projects. (Guyana News)
- Tue 19:31Major voluntary carbon market (VCM) standard Verra announced Tuesday it posted a $19.37 million financial loss in 2024 as it undertook a major transformation, but said there are indications its course correction is working.
- Carbon offsets for customers - Hybrid Power Solutions, a Canadian clean energy company specialising in portable, off-grid power systems, has partnered with Terrapass, a US-based provider of carbon offset products, to offer customers a way to offset emissions from hybrid systems that still require diesel or propane generators. The initiative aims to allow users to purchase certified carbon credits and receive impact reports tied to verified offset projects, including forestry and methane capture.
Hydro boost - Brazilian utilities company Eletrobras has signed a contract to sell carbon credits generated by the Teles Pires hydroelectric plant to the state-backed Banco do Brasil (MegaWhat). In turn, Banco do Brasil has brokered the sale of 992 credits to Brasilseg Companhia de Seguros, supporting the insurance company’s push to offset some 1,985 tCO2e in GHG emissions across Scopes 1, 2, and 3. No prices have been disclosed for the transaction. Banco do Brasil VP of Wholesale Business Francisco Lassalvia welcomed the development, noting it marked an expansion of the bank’s offerings to include a new type of financial intermediation.
Sustainable skincare - Canadian skincare company Deciem has partnered with nature restoration platform veritree to plant 110,000 post-wildfire trees and kelp across British Columbia and Alberta, the companies announced on Monday. The project is expected to sequester over 43,800 tCO2, equivalent to offsetting emissions from producing and shipping more than 55 mln skincare units. The partnership is part of DECIEM’s broader environmental strategy and veritree’s global restoration work.
- Tue 19:14Fuel distributors in Brazil that are not in compliance with RenovaBio, the main mechanism of the national biofuel policy, will no longer be allowed to purchase domestic or imported fuel starting on Tuesday.
- Tue 16:04Banks must set a deadline to end financing new fossil fuel projects, and also asses and disclose exposure to deforestation risks, to set a net zero target approved by the Science Based Targets initiative (SBTi), it was announced Tuesday.
- Tue 15:43Roadless Rule rage - Regional experts are sending up flares the US Department of Agriculture’s rescission of the Roadless Rule – which protects vast swaths of national forests from road development – would damage natural beauty and go against the interest of Midwest residents and industries, reported Inside Climate News. Secretary of Agriculture Brooke Rollins has argued the repeal would help forest management, wildfire mitigation, and more responsible timber production, but the outlet said those familiar with Midwest forests caution the opposite is true.
- Tue 15:42One big, beautiful roadblock - US President Donald Trump appears to be escalating his attacks on wind and solar, E&E News reported. The outlet said clean energy officials warned the administration has entered a new combative phase against renewables, including erecting roadblocks for projects already underway.
- Tue 15:37The Supervisory Body for Article 6.4’s methodological expert panel (MEP) is pushing to approve “at least one” carbon crediting methodology under the new Paris Agreement Crediting Mechanism (PACM) by October, its co-chair told a webinar on Tuesday.
- Tue 15:36A New York-based forest carbon project developer has closed a project finance facility worth up to $210 million to support an afforestation project in the voluntary carbon market (VCM), in what the company said is the first financing of its kind in the sector.
- Tue 14:53Offshore argument - Regulators from Maryland's Department of the Environment (MDE) are pushing back against accusations by federal regulators that the agency made an error when issuing a permit to an offshore wind project, E&E reported. MDE officials said last week the agency doesn’t plan to reissue or change the final construction approvals granted in June for the US Wind’s Maryland Offshore Wind project, one of the few offshore turbine farms in late stage permitting or construction along the East Coast. The US EPA told Maryland regulators that the MDE had incorrectly told potential opponents of the project to appeal the process via a state process instead of a federal one.
- Tue 14:53Canada has committed C$125 million ($91 mln) to plant 12 mln trees and restore habitat for species at risk in Alberta.
- Tue 14:38Voluntary carbon crediting body Gold Standard has published activity requirements for carbon removal projects, in an update Tuesday.
- Tue 14:29Clean credit challenge - The accelerated phase-out of US clean tax credits under the One Big Beautiful Bill Act (OBBBA) has increased uncertainty around state efforts to expand renewable energies, E&E reported. States - such as those in the Northeast with ambitious GHG reduction targets - are delaying procurement processes for new renewables, including solar and offshore wind, as they evaluate the energy impacts of the OBBBA.
- Tue 14:17The potential volume of the LEAF Coalition's pipeline of emissions reduction payment agreements stands at 174.19 million tonnes of CO2e, which equates to at least $1.74 billion in results-based finance, according to a new UN report.
- Tue 14:06If electricity demand continues to grow at the current pace of around 3% per year, it will be enough to drive a structural decline in final fossil fuel demand by 2030, according to an energy think tank, which studied the impact of rising electricity demand across the economy.
- Tue 11:16Light travels - Japanese energy major Eneos and Mitsubishi Corporation have signed definitive agreements with Houston-based oil and gas production company Par Pacific to establish Hawaii Renewables, a joint venture to produce renewable fuels in Hawaii, the companies announced Tuesday. Eneos and Mitsubishi will acquire a 36.5% equity stake in Hawaii Renewables through a subsidiary. Once fully operational, Hawaii Renewables will be the state’s largest renewable fuels manufacturing facility and produce up to 60% sustainable aviation fuel (SAF) as a first step towards decarbonising Hawaii’s air travel market, Eneos said.
- Tue 11:11Have your say - Ahead of the Supervisory Body's 17th meeting (SBM 017), the agenda and relevant documents have been published on the UNFCCC website. Stakeholders are invited to provide input on the topics outlined in the annotated agenda and its annexes through a public call for input, with a submission deadline of July 28. The Supervisory Body will then convene in Bonn from Aug. 4-8. During the meeting, members will discuss several key items, including a draft methodological standard related to suppressed demand, as recommended by the Methodological Expert Panel (MEP), and the initial accreditation of five Designated Operational Entities, based on the recommendation of the Accreditation Expert Panel (AEP). In addition, the body will review proposed revisions to the activity cycle regulations for projects and programmes. The agenda also includes discussion of a draft two-year business and resource allocation plan for 2026–27, as well as a draft annual Article 6.4 Supervisory Body report to the CMA.
- Tue 10:22The Science Based Targets initiative (SBTi) has paused work on its long-awaited emissions standard for the oil and gas sector after Shell, Norway’s Aker BP, and Canada’s Enbridge withdrew from its advisory group, the Financial Times reported Tuesday.
- Tue 10:00Deforestation rates on Afro-descendant lands in four Amazon countries are up to 55% lower than the average, with significant benefits for biodiversity and carbon storage, according to a paper released Tuesday.
