New Zealand ETS prices have fallen further in recent days as buyers continue to have little interest in purchasing allowances, traders said.

The proliferation of Chinese clean-tech exports is causing several large developing nations to consider tariffs to protect their own nascent low-carbon industries, which could increase the cost of the energy transition, according to a new report.

Chinese multinational technology conglomerate Tencent has unveiled 50 finalists from 12 countries for its second CarbonX programme, a global climate innovation initiative offering RMB 200 million ($28.1 mln) in catalytic funding to scale breakthrough technologies toward net zero by 2050.

The Article 6.4 Supervisory Body (SBM) on Thursday approved the first methodology under the Paris Agreement Crediting Mechanism (PACM).

The world will adopt a pragmatic balance between fossil fuels and renewables, leading to warming of 1.8 to 2.1C by century end, according to an analyst group.

Governments should send clear signals at COP30 that high-integrity forest carbon credit purchases are a legitimate part of corporate climate strategies, business and policy experts told a media briefing Thursday.

The UNFCCC-accredited Green Climate Fund (GCF) this week approved new climate action projects in the developing world, bringing the year’s total funding approvals up to 50 projects and a record $3.26 billion.

Two European oil majors have reported rising fossil fuel production in the third quarter, while downplaying investment in clean energy.

COP30 in Brazil could be undermined by the fossil fuel lobby unless there is greater transparency about attendees, warns a new report by a non-profit.

Alliance - Japanese project developer Green Carbon has formed a capital and business alliance with SKY Perfect JSAT Corporation, Asia's largest satellite communications operator. The two companies on Thursday said they aim to expand their carbon credit business by combining SKY Perfect JSAT's satellite data technology with Green Carbon's expertise in voluntary projects. No further financial details or business targets were disclosed.

In the making - Tokyo-based Mitsubishi Research Institute (MRI) is seeking to promote the adoption of Japanese industrial heat pumps in Malaysia and other ASEAN countries under the bilateral Joint Crediting Mechanism (JCM), it announced Thursday. It has been selected by government affiliate NEDO to formulate a JCM methodology featuring the integration of heat pumps into the vegetable oil manufacturing process. Two Japanese companies, Kraftwerk and Nisshin Oillio Group, will also participate in the project.

Two sustainable agriculture methodologies have been approved for Core Carbon Principle status by the Integrity Council for the Voluntary Carbon Market (ICVCM), although both require extra conditions before they can boast the high-integrity badge.

Standards body Verra has parted ways with two senior executives following another round of internal restructuring, Carbon Pulse has learned.

An Indian company has launched the country’s first circularity-linked carbon credits generation initiative from end-of-life vehicle (ELV) recycling, which is projected to save over 2 million tonnes of CO2e over the next decade.

Gassing up – The South Australia government is offering up to A$17.5 mln ($11.5 mln) in grants for innovative gas projects to ensure future supply, it said in a press release on Thursday. Grants awarded under the 2025 SA Gas Initiative would be limited to 50% of expenditure, up to a maximum of A$2.5 mln per project, with the cash from a newly established Gas Security Infrastructure Fund. It will consider upping this cap if the project’s total expense exceeds A$5 mln and the proponents can show that the project will have a greater expected outcome to meet the state’s needs, it added. Eligible projects include those which enhance geological knowledge of areas of potential supply near to existing facilities, encourage the uptake of new technology to make the industry more efficient, and gas storage solutions, among other things. The government added that priority will be given to shovel-ready projects which could enable delivery by 2028.

The international carbon removal (CDR) community is calling on G7 countries to agree on a set of standards or criteria to help scale CDR, a roundtable heard Wednesday.

Ice money – The Green Climate Fund has agreed to fund the Asian Development Bank (ADB)-led Glaciers to Farms programme, allocating $250 mln for the initiative, the bank said in a press release on Wednesday. The adaptation programme is aimed at nine ADB members, from Central Asia, the South Caucasus, and Pakistan, and is seeking to improve agricultural productivity as glacial melting drives more floods or droughts. The GCF’s funding will be mostly grants, and complements the $3.25 bln the ADB will be investing over the next decade in projects such as efficient irrigation, water storage, and watershed management.

Global offshore wind capacity is expected to almost triple by 2030 despite recent setbacks in the US, according to research published on Thursday.