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- Thu 00:42California regulator ARB issued over 1 million credits over the last two weeks, a 520% increase over the previous period, state data released Wednesday showed.
- Thu 00:22Brazil has put on hold its plans to create an independent regulatory agency for its incoming emissions trading system (ETS), leaving oversight directly with the Ministry of Finance (MF), as per reporting by Folha de Sao Paulo on Wednesday.
- Wed 23:55SAFe to say - NorSAF, a joint venture between aircraft, crew, maintenance, and insurance provider Avia Solutions Group and Latvian partners, announced that it will build a SAF plant in Liepaja, Latvia. The venture claims that it will be the largest plant in northern Europe, targeting production of 100,000 tonnes of SAF annually once operations begin in 2030. The facility will use PureSAF technology developed by Swedish Biofuels AB.
- Wed 23:54Price peak - PJM Interconnection, a US regional transmission organisation that operates the electric grid across 13 Mid-Atlantic and Midwest states and Washington DC, has set a record-high capacity price of $329.17 per MW-day for the 2026-27 service year, hitting the ceiling it agreed to with regulators following a complaint from Pennsylvania’s governor over escalating costs. The 21.9% increase from last year is expected to raise electricity bills by up to 5% across the region. Analysts attributed the spike to rising demand, driven by data centre growth, and delays in connecting renewable energy projects – 2,000 of which remain stuck in PJM’s interconnection queue. (Inside Climate News)
- Change in command - Great Bear Carbon (GBC), a British Columbia-based company that operates Canada’s first Indigenous-owned carbon offset project, has appointed Joseph Pallant as CEO, effective July 28. Owned by seven First Nations from the Central and North Coast and Haida Gwaii, GBC manages the Great Bear Forest Carbon Project, which generates up to 1 mln tonnes of carbon credits annually. Pallant, who has worked on First Nations-led climate initiatives with veritree, Ecotrust Canada, and Brinkman and Associates, will lead the organisation as it navigates BC’s regulated carbon market.
- Wed 23:52Overreach opposition - Oregon’s congressional Democrats, except one, have called on President Donald Trump to rescind an executive order aimed at blocking state-level climate action, E&E News reported. In a letter sent to the White House, the lawmakers condemned the order as an illegal infringement on states’ rights. The April directive instructed the Justice Department to challenge state policies that restrict energy development, including lawsuits brought by local governments against fossil fuel companies.
- Wed 23:42Endangered finding - The Trump administration is preparing to propose a repeal of the US EPA’s 2009 endangerment finding – the scientific determination that GHG emissions endanger human health and underpin US climate regulations – in the coming days, according to the New York Times. According to sources familiar with the draft rule, the move would eliminate the federal government’s legal basis for regulating emissions from vehicles, power plants, and industry. If finalised, the repeal would block future climate rules and likely trigger legal challenges, as it clashes with a 2007 Supreme Court decision affirming the EPA’s authority to regulate GHGs.
- Wed 23:40A Calgary-based developer is building a novel “energy campus” to help ease pressure on Alberta’s constrained electricity grid by combining on-site power generation for data centres with low-carbon solutions.
- Wed 23:27The government of Alberta has committed C$49 million ($36 mln) from Alberta’s Technology Innovation and Emissions Reduction (TIER) fund to support 18 projects aimed at cutting emissions and advancing circular economy technologies across the province, Emissions Reduction Alberta (ERA) announced Wednesday.
- Wed 23:16Newly published research of Brazil's Rio Vermelho Sub-basin (SBHRV) found that two decades of agricultural expansion led to widespread land use change, deforestation, and a decline in carbon stock of roughly 3.6 million tonnes.
- Wed 23:04The US EPA’s proposal to limit foreign feedstocks under the Renewable Fuels Standard would stall the growth of the biomass-based diesel industry, a biofuel industry group has flagged.
- Wed 23:03California diesel sales dropped in April following the prior month’s highs, though still marked a year-on-year (YoY) increase in consumption.
- Wed 20:18Improving Canadian climate data - Policy think tank Smart Prosperity Institute has released a new briefing exploring the need for Canada develop climate information architecture (CIA) enabling different organisations to collect, manage, analyse, and share climate-related information in a unified, decision-making framework. The brief identified the key components or building blocks of the CIA, explained why they need to work together, analysed the risks if they fragment, and offered actionable recommendations for aligning the system to achieve positive environmental and economic outcomes. The think tank said Canada needs to improve its decision-making and implementation capacity to effectively respond to the climate and economic challenges of today. That includes changing the status quo, where climate data is difficult to access, inconsistent, and incomparable across datasets.
- A green bridge - An ESG commodity platform announced an initiative Wednesday to bridge physical commodities with financial market assets, establishing it as a physical-to-financial infrastructure bridge in the sustainable commodities sector. Within this initiative, Santana Equestrian Private Financial (SEPF) will offer opportunities to bridge real assets, like rehabilitated land assets, with voluntary carbon credits. SEPF also confirmed Wednesday that it is in compliance with all reporting standards under OTC Market Group’s OTCID Basic tier, which it said ensures full transparency and active engagement with US regulators and investors.
- Wed 18:09A landmark advisory opinion issued Wednesday by the International Court of Justice (ICJ) has stated that under international law, countries must protect the environment from anthropogenic greenhouse gas emissions, confirming an expansive list of obligations.
- Wed 17:18EU carbon allowances ended a five-day run of daily declines on Wednesday as sellers appeared to go quiet after recent aggressive offering, while the daily auction cleared above the market and weekly position data showed investment funds making only a small adjustment to their holdings last week, before markets were jolted higher at the very end of the day by bullish news on tariffs.
- Wed 17:04Eco equity - Oregon climate activists, backed by legal non-profit Our Children’s Trust, are pushing for a ballot initiative to add a “Green Amendment” to the state constitution that would guarantee the right to a clean environment and stable climate, E&E News reported. Supporters said the amendment could drive stronger environmental protections across the state by reshaping regulatory frameworks and providing new legal grounds for action.
- Wed 17:04Empire State energy plan - New York's State Energy Planning Board released Monday a draft 2025 energy plan that said "there is considerable uncertainty in the timeline for progress toward emissions reductions". The report attributed this to external factors, including supply chain disruptions, inflation, recent cuts to federal clean energy tax credits and incentives, and other changes in energy and tariff policy from the US administration. Governor Kathy Hochul (D) has signalled an openness to more natural gas in the state, including new pipelines, while also shifting more focus towards renewables, E&E News reported. Last week, New York terminated its offshore wind transmission process, also citing uncertainty on the federal level. The draft energy plan is open to public comment.
- Wed 16:44
Govt validation - The government of São Tomé and Príncipe has validated the legal proposal for the creation of a carbon market in the country located off the coast of Gabon in central Africa. The initiative aims to regulate carbon credit trading - attracting global climate finance, and has been led by the Ministry of Environment, Youth and Sustainable Tourism, through the Directorate of Environment and Climate Action. The proposal defines specific rules and criteria for the market's operation including mechanisms for registering, certifying and monitoring projects. After its public validation, the proposal will be submitted to the Council of Ministers for final approval and may then be implemented as national law. (Zunta TV)
- Wed 16:44Indian manufacturers are already struggling with data integrity and inadequate verification as they prepare for the European Union's Carbon Border Adjustment Mechanism (CBAM) starting next year, threatening billions of dollars in exports and exposing the country's industrial sector to high penalties and reputational damage, a webinar heard Wednesday.
- Hydrogen to the rescue - Kimberley-Clarke - the producer of Andrex toilet paper and Kleenex tissues - has made a significant investment into green hydrogen. Together with partners Carlton Power and Hyro, the manufacturer is investing over £125 mln into hydrogen technology at its plants in Cumbria and Kent. The investment is expected to halve its natural gas consumption at the plants from 2027. It marks an industry first in the consumer products sector hydrogen, the statement said.
- Wed 16:31Formula 1 on track - Formula 1 says it's on track to reach net zero emissions by 2030, after cutting emissions by over a quarter since 2018, the BBC reported. F1 launched its sustainability strategy in 2019, committing to cut carbon in areas like travel, logistics, and energy use. It changed its race calendar to group grands prix together by region, in order to reduce travel. Additionally, its use of biofuel trucks for carrying freight in Europe cut related carbon emissions by an average of 83%, while the shift of team factories to cleaner energy resulted in a drop at the facilities of nearly 60%. F1 is introducing regulations next year calling for cars with a nearly 50-50 split between electric and internal combustion engine power, which use sustainable fuels.
- Wed 16:20Two large power utilities reported a strong jump in EU gas-fired electricity production in the first six months of the year, compared to the same period in 2024, though one saw its lignite-fired power generation slump.
- Wed 16:10Data-sharing partners - MSCI Carbon and Climate Impact X (CIX) have struck a deal to make CIX's carbon trade database available on MSCI's Carbon Markets suite, MSCI announced on LinkedIn on Wednesday. This will offer market participants greater access to high-quality pricing insights and transaction-level visibility, it said.
- Wed 16:09Carbon impact partners - Carbon registry Rainbow (formerly Riverse) has announced a partnership with Crystalchain - a provider of digital monitoring, reporting, and verification (dMRV). Crystalchain’s platform aims to track and verify carbon impacts at every stage of product development, from raw materials to final product.
- Wed 16:06Coal comeback - The Cleveland-Cliffs steel plant in Middletown, Ohio – US Vice President JD Vance’s hometown – has withdrawn from a $500 mln Biden-era plan to produce green steel using hydrogen and natural gas, instead opting to continue using coal under the Trump administration, E&E News reported. The plant’s CEO cited a lack of hydrogen availability and expressed support for coal, aligning with Trump’s rollback of climate policies and promotion of fossil fuels.
- Wed 15:29Lab layoffs - More than 3,000 scientists and staff from US national labs could be on the chopping block amid budget cuts to the DOE by the Trump administration, E&E News reported. The outlet said more than a third of the job cuts would be at the National Renewable Energy Laboratory in Colorado.
- Wed 15:23The African Development Bank is looking for emitters to buy certifications for benefits generated from climate adaptation projects on the continent in an initiative that falls under the more neglected part of the Paris Agreement’s regime for international cooperation: everything outside of carbon markets.
- Wed 15:17The EU and Japan on Wednesday reaffirmed their strategic partnership on climate change ahead of the COP30 climate summit in November, highlighting support for carbon pricing policies while backing investments to improve security of supply in natural gas.
- Wed 15:17Cooking heat stress - Women in rural Nepal spend over 374 hours a year collecting fuel, only to return to kitchens where temperatures often exceed global heat stress limits in which they spend about four hours a day, found a new study by Sustainable Prosperity Initiative Nepal and the Clean Cooking Alliance (CCA). Such extreme environments can cause dehydration, fatigue, and long-term heart problems, but cleaner cooking could step in to help. Technologies including solar-electric hybrids and electric induction stoves can significantly reduce indoor heat and improve lives. The research highlights how heat stress impacts global productivity, which should bolster the Nepalese government's aim to expand clean cooking access.
- Wed 15:16Environmental omnibus – The European Commission on Tuesday launched a public call for evidence on a forthcoming “environmental omnibus” legislation aimed at reducing green reporting burdens on European companies. “The goal is not to lower the EU’s environmental objectives” but to attain them more effectively without causing avoidable costs to businesses, the Commission said in its consultation document. Objectives include streamlining reporting obligations in the area of circular economy, industrial emissions and waste management, as well as addressing permitting challenges relating to environment assessments under various EU directives on waste and industrial emissions. The “environmental omnibus” law is expected to be published in Q4 this year, the Commission said. Feedback is open until Sep. 10.
- Wed 15:12Scores on the doors - Equinor’s Q2 profit in 2025 fell by 13% compared to last year, as a decline in oil prices offset a rise in gas prices, the Norwegian energy giant reported Tuesday. Adjusted earnings before tax for April-June dropped to $6.54 bln, from $7.48 bln a year earlier, in line with analyst expectations. The company’s Scope 1 and 2 emissions for the first half of 2025 were 5.4 mln tonnes of CO2, marking a reduction of 200,000 tonnes from the same period last year. This decrease was largely due to a turnaround at Hammerfest LNG and emission-reducing electrification projects on the Norwegian Continental Shelf. Adjusted operating income was also affected by costs related to low-carbon project developments, the company said.
- Wed 14:44Article 6 guidance - The Climate Action Center of Excellence (CACE) has partnered with Sylvera to publish the Host Country Article 6 Readiness: Key Aspects to Drive Demand. The framework covers primary arrangements, experience indicators, and integrity guardrails that determine market success, and also includes Art. 6 market intelligence and data. It's intended as in-depth guidance for host countries and buyers carrying out due diligence. Download the resource here.
- Wed 14:35Steel struggles - SSAB's earnings fell more than expected in the second quarter due to lower steel prices and a weaker European market due to tariff uncertainty. High energy costs and competition from Chinese producers have challenged European steel in recent years, and US tariffs have made the picture worse. The biggest issue troubling the Swedish steelmakers is that more shipments are redirected from the US to Europe - leading European prices to fall fast. Duties of 25% on most steel and aluminium imported to the US came into place in March, and were increased to 50% for most countries in June. SSAB's operating earnings fell 28% to SEK 2.14 bln ($224.93 mln) in the second quarter, while analysts were expecting SEK 2.29 bln on average. (Reuters)
From bankruptcy to liquidation - CTN Holdings has filed to convert its bankruptcy case to Chapter 7 liquidation following the sale of most assets to Catona Solutions. The move comes as the company cites insufficient funds to continue under Chapter 11. A Delaware court will review the motion in August. Earlier this year, CTN Holdings, formerly Aspiration Partners, filed for Chapter 11 bankruptcy, following a $145-mln fraud case against its co-founder. The US-based carbon offsets company, once backed by high-profile celebrities like Leonardo DiCaprio and firms like Meta and Microsoft, then reported liabilities of $170 mln and plans to auction its assets within 45 days.
- Wed 14:16The UK government has announced details of when it expects to launch its forthcoming allocation rounds for hydrogen production, and transport and storage, in its latest hydrogen update released on Wednesday.
- Wed 14:14Runners for removals - Those who like running will be pleased to hear that the Negative Emissions Platform (NEP) has launched the Run to Remove Initiative together with consultancy Klimate, whereby runners can be sponsored to race and raise funds for carbon removal. The initiative allows runners to sign up to any running race globally, with the sponsorship they receive pooled and invested fully in a portfolio of quality carbon removal. More details here.
- Wed 14:08Gold Standard has launched a new suppressed demand accounting standard as the organisation seeks to further align with the new Paris Agreement Crediting Mechanism (PACM).
- Wed 12:00A Brazilian finance coalition dedicated to forest restoration and bioeconomy announced Wednesday that it has committed $2.6 billion to these causes – more than one-quarter of its overall goal by 2030.
- Wed 11:55The UK government has just 100 days to produce a new climate action plan or risk breaching a legal obligation, more than 50 businesses, trade unions, and civil society organisations warned in a letter demanding a bolder and fairer strategy from Prime Minister Keir Starmer.
- Wed 11:54Global gas consumption will reach an all-time high in 2026, rising 2% year-on-year, and driven by demand in the Asia Pacific region, according to the International Energy Agency (IEA).
- Wed 11:51Zambia’s upcoming carbon market regulations have drawn support for its provisions on governance roles and legal clarity on both voluntary and Article 6 carbon markets, however, the government needs to strengthen the regulations around transparency, an NGO said this week.
- Wed 11:48Six energy-intensive industry associations in Czechia have called on their prime minister to ensure they continue receiving free EU carbon allowances and receive more state support, in a letter published this week.
- Wed 11:41Greener shipping - Japanese shipping major NYK has commenced the continuous use of bio-LNG fuel on its LNG-powered car carriers, according to a company statement. The bio-LNG is supplied by Dutch supplier Titan at the port of Zeebrugge in Belgium. Expanded use of bio-LNG fuel, also known as liquefied bio methane, is part of NYK's strategy to achieve net zero GHG emissions by 2050.
- Wed 11:39The Taiwanese government will disclose more details about the criteria for carbon leakage-exposed sectors around August, a move that will affect how much emitters will have to pay under the island's carbon fee scheme, local media reported.
- Wed 11:36Vietnam's pilot emissions trading scheme will provide incentives for the country's steel sector to shift to lower carbon production methods, but current government efforts are not yet sufficient to see it decarbonise, a think tank said this week.
- Wed 11:28The European Commission has dismissed calls to establish an EU Carbon Central Bank, with officials recently explaining the reasons behind the scepticism from Brussels.
- Wed 11:24Nature-based carbon removal (CDR) credits doubled in price between the January and July, according to new analysis.
- Wed 11:19A new study, which takes aim at the response from shippers to the inclusion of maritime in the EU ETS, has put forward a more profit-focused approach that also changes the way distances and emissions obligations are calculated by affected companies.
- Wed 11:04Double counting - Gold Standard is seeking a technical expert responsible for reviewing and verifying assessments of insurance policies designed to respond to cases of double counting between aviation offsetting scheme CORSIA and the NDC (Nationally Determined Contribution) of a Party to the Paris Agreement. Organisations or professionals with the relevent expertise are invited to respond to the RFP before the deadline of Aug. 6 at 17:00 CET.
- Wed 10:56Traditional energy-related fundamentals no longer explain much of the variation in EU carbon prices, especially in the more recent phases of the bloc's Emissions Trading Scheme (ETS), according to new research.
- Wed 10:10A Tokyo-based project developer with a growing international portfolio has raised JPY 2.4 billion ($16.4 million) in a funding round to expand its sustainable agriculture projects, it announced Wednesday.
- Wed 10:09A UK-based industry group representing fast-food restaurant chains announced Tuesday it has launched a new set of standardised interventions aimed at reducing greenhouse gas emissions from dairy production.
- Wed 09:31New standard - Australia NZ Biochar Industry Group signed an agreement with Standards Australia to develop a dedicated Australian standard for biochar, biocarbon, and associated products, it announced in a social media post Wednesday. The partnership will help unlock quality assurance and generate carbon credits, the industry group said. The emerging regulations and standards around biochar in Australia are expected to help it avoid being associated with less environmentally friendly technologies like waste to energy, while expanding end users and uptake.
- Wed 08:07SAF orders - Formosa Petrochemical Corporation (FPCC), a Taiwanese oil refiner, has secured sustainable aviation fuel (SAF) orders from two domestic airlines, according to company statements. EVA Airways has signed an MoU with FPCC to secure more than 20,000 tonnes of SAF over the next five years, which is expected to cut emissions by at least 50,000 tCO2e, it announced Wednesday. Taiwan-headquartered China Airlines recently also inked a similar agreement with FPCC to purchase more than 10,000 tonnes of SAF.
- Wed 08:06Open to everyone - South Korea this week passed revisions to the existing electricity business act to support RE100 implementation, easing requirements for participation in renewable energy businesses, according to a release by Korea's trade and industry ministry (MOTIE). The amendment means renewable energy produced by small-scale facilities can be supplied via the country's power purchase agreement (PPA) system, without going through the national power market. Previously, only those with a capacity of over 1 MW were allowed to do so.
- Wed 07:45Shifting gears - Formula 1, the top tier of international motorsport, said on Wednesday it had cut its carbon emissions by 26% since 2018, and is on track to achieve minimum 50% emissions reductions by 2030. Any remaining unavoidable emissions will be offset using credible programmes, it said in a statement. The reduction was primarily driven by the use of renewable energy, SAF for air travel, remote work, and biofuel trucks. This comes as the televised sport has exploded in popularity recently with race attendance rising to 6.5 mln from 4 mln over the same period. Meanwhile, without any changes to operations during this time, there would have been an estimated 10% increase in the sport’s carbon footprint vs 2018, F1 said.
- Wed 05:31Australia’s climate change department has opened a consultation on two hydrogen regulatory guidebooks, one for production facilities and one for refuelling facilities.
- Wed 03:07Australia would only need to slightly increase its Safeguard Mechanism baseline decline rates to achieve the upper end of a more ambitious 2035 emissions reduction target, according to modelling shared exclusively with Carbon Pulse.
- Wed 01:59HCFC-free zone – Fiji has banned the import, export, and manufacture of equipment containing hydrochlorofluorocarbons (HCFCs), effective Aug. 1, the Fiji Times reported on Wednesday. This is to align with the country’s Montreal Protocol commitments and the Ozone Depleting Substances Act. In a Facebook post, the Ministry of Environment and Climate Change said the ban represented a significant step towards protecting the ozone layer, and warned that failure to comply could result in penalties, legal action, and the equipment being confiscated. HCFCs – such as those found in air-conditioning units and refrigerators – are being phased out under the Montreal Protocol due to their ozone-depleting impacts.
- Wed 01:17A global commodity trader launched a jurisdictional REDD+ (J-REDD+) programme on Indigenous lands in Peru Tuesday, an effort that the investor called a world-first.
