Demand for renewable resources in the US will remain strong despite a challenging policy environment amid the continued buildout of data centres, according to a recent BloombergNEF report.

Large industry and asset managers are urging the Trump administration against eliminating the Greenhouse Gas Reporting Program (GHGRP), arguing that the agency is overestimating the benefits of its repeal and is not fully considering the risks.

Thailand has submitted its third Nationally Determined Contribution (NDC), pledging to cut emissions by 47% by 2035, while describing Article 6 of the Paris Agreement as a crucial tool for channelling the estimated $7 billion it needs to achieve it.

Prices in New Zealand’s ETS dropped 20% in early morning trade on Wednesday, as the market digested Tuesday’s late-breaking government announcement of legislative changes to its overall climate policies.

A group of industrial and utilities companies have called for the global greenhouse gas accounting framework to incentivise the use of green gas, in a letter published Wednesday. 

Brazil on Tuesday announced plans for a $1 billion climate fund aimed at leveraging industrial innovation and accelerating its goal to cut emissions by more than half by 2035.

The Inter-American Development Bank (IDB) has launched its first Amazonia Bond, raising $100 million to fund high-impact projects in the Amazon region, according to an announcement on Tuesday. 

Current funding for nature-based solutions (NbS) and adaptation and resilience measures (A&R) is far below levels needed to meet climate and biodiversity goals, but innovative financial mechanisms show how private capital could help close the gap, according to a new report. 

Founders of emerging carbon removal (CDR) companies said on Tuesday that early-stage capital remains concentrated in the Global North, threatening to slow progress in developing markets.

US House Republicans promoting energy independence have put forth a bill that would block the country from contributing to a potential UN carbon tax, as a backstop to federal efforts to block a global price on international shipping.

Amid the UK’s cost of living crisis and a rising clamour of anti-net zero and anti-nature political messaging, much of the UK public still cares about climate and nature, a London conference heard Tuesday.

Beefed-up claims – New York Attorney General Letitia James announced Monday a $1.1 mln settlement with JBS USA, the American arm of the world’s largest beef producer, resolving claims that the company misled consumers with unsupported “net zero by 2040” climate promises. The Office of the Attorney General found JBS USA had no credible plan to achieve its emissions-reduction goal despite public campaigns suggesting otherwise. The settlement funds will support climate-smart agriculture initiatives to help New York farmers cut GHG emissions and improve climate resilience. JBS USA must also stop making unsubstantiated environmental claims, reform its marketing practices, and submit annual compliance reports to the state for three years.

The new leader of the Green Party of England and Wales, Zack Polanski, is committed to winning arguments and changing minds rather than following popular public opinion, he told a conference in London on Tuesday, as the party climbs the polls.

Political penmanship – Emails and internal drafts reveal that the White House Office of Management and Budget wrote nearly half of the US EPA’s cost-benefit analysis for its proposed rollback of vehicle climate rules, sidelining EPA’s career economists, E&E News reported. The 63-page draft regulatory impact analysis included 30 pages authored by the White House, outlining a new approach to calculating regulatory costs and benefits that experts said may not have originated within the agency. Former EPA officials described the move as unusual, noting that while interagency collaboration is common, allowing political teams or external contributors to shape key analytical methods without input from career staff is highly irregular.

South Africa’s Treasury and internal revenue service (SARS) on Tuesday responded to stakeholder commentary on proposed carbon tax updates, committing to conduct analyses on the impacts of removing some cushion for electricity generators as the carbon tax is phased in.

Truck California - A US federal judge on Monday temporarily blocked California from enforcing its 2023 'Clean Truck Partnership' with the trucking industry, Bloomberg reported. Judge Dena Coggins found "serious questions" as to whether the agreement, which requires fleets to meet state emissions standards, is preempted by federal law. The judge also cited "concrete, irreparable harm" from a lawsuit filed last week by the state regulator ARB that sought to enforce the deal.

Gas, gas, gas? - Exelon is seeking legislative approval to build and operate a new power plant in Maryland, a move that would reverse the state's 26-year-old deregulation policy, Maryland Matters reported Monday. An Exelon official confirmed the utility is focusing its studies on a potential natural gas-fired power plant, though solar and battery storage are also being considered. Climate advocates, including the Chesapeake Climate Action Network, oppose new natural gas development in the state.

Power trip paused - A New Hampshire bill to deregulate cryptocurrency mining has been postponed after stalling in the state Senate, the New Hampshire Bulletin reported last week. The bill, HB 639, would prevent local officials from regulating mining operations based on energy use, noise, or taxes. The Senate Commerce Committee voted four-to-two on Thursday to send the bill for further study after a tied vote on advancing it. Environmental groups opposed the measure, citing high energy consumption and grid strain.

Should RGGI stay or should it go? - Pennsylvania's participation in RGGI has become a key bargaining chip in talks to end the commonwealth's four-month budget impasse, with Republicans pushing to scrap the cap-and-trade programme, Spotlight PA reported last week. Governor Josh Shapiro and legislative leaders met seeking a deal. However, environmental groups like Evergreen Action are publicly warning Shapiro not to "trade away" RGGI, calling it "the state's most effective climate tool".

EU carbon prices stabilised on Tuesday morning after Monday's steep climb, as traders accustomed themselves to levels of more than €80.00 and equity markets dropped after leading bankers expressed concerns at a overheated stock market.

Upcoming reforms to the EU’s Emissions Trading Scheme for road transport and heating fuels (ETS2) will make up to 600 million carbon allowances available to stabilise prices – enough to cover 10 years’ worth of emissions abatement, EU climate chief Wopke Hoekstra said on Tuesday.

Nine Saskatchewan emissions reductions and energy efficiency projects have won nearly C$50 million ($35.5 mln) in provincial funding.

South African banks are finally “in the adults’ room” of a maturing carbon market and not enjoying it – but they will align with the state’s vision of a refined market once it provides clear rules and backs these up with infrastructure, according to a Cape Town-based consultant.

Energy trilemma - Policymakers and industry will need to balance social impacts, decarbonisation, and competitiveness as the regulatory environment for carbon markets heats up, said participants at a recent meeting of the KPMG Women in Energy Network. They noted the "encouraging" signs of potential linkage between the EU and UK ETS, as well as the growing focus on cost as part of the regulatory debate. Some flexibility may be needed due to the impact of carbon taxation on prices, said participants. They also agreed on the importance of involving the energy industry in the debate, with greater digitisation seen as helping to make carbon markets work better. There were diverging views on voluntary carbon markets, with one participant saying they could make a comeback, whilst another said convergence between compliance-led and voluntary markets was key to a real comeback. Yet participants agreed carbon taxation has influenced business strategy such as driving investment into renewables. Balancing sustainability, security, and affordability will be key to driving economic growth over the next couple of years.  

Corporate transition plan disclosure requirements under EU sustainability regulation should go hand-in-hand with the setting and disclosing of greenhouse gas emission reduction targets, according to a European non-profit.

A Copenhagen-based company has launched with the aim of scaling nature restoration at landscape level, making it an investable asset class through instruments including biodiversity credits.

Switzerland has signalled a relaxation of restrictions used for calculating the number of credits a cookstove project can generate for trading under Article 6.2 of the Paris Agreement.

Global warming is now all but certain to surpass the Paris Agreement's 1.5C goal – but the question is how far it will go, and how long the overshoot will last, the UN warned on Tuesday, in a marked change of narrative from a year ago.

The Deforestation Investor Group (DIG) will launch in Jan. 2026 without any time-bound commitments, as its predecessor Finance Sector Deforestation Action (FSDA) reported partially meeting its pledges.

A Vancouver-based startup has emerged from stealth with an electrochemical process that it says can cut carbon emissions from cement production by up to 85%, it announced Tuesday.

The European Energy Exchange (EEX) has released the 2026 schedule for post-purchases of certificates under Germany’s national emissions trading system (nEHS) with the year identifier 2025.

The World Bank’s Forest Carbon Partnership Facility (FCPF) disbursed about $71 million in results-based payments in fiscal year 2025 (FY25) for around 14.6 mln tonnes of CO2 cuts.

As EU climate ministers meet in Brussels on Tuesday to hammer out an agreement on the EU's proposed 2040 target, a coalition of companies and climate organisations has published an open letter warning that current plans risk leaving a "permanent removals gap".

A new global partnership, launched Tuesday, aims to mobilise $1 billion within three years to finance zero-emission port infrastructure, marking a major step toward decarbonising maritime trade.

Sixteen new carbon removal (CDR) startups have been selected for the eighth cohort of a European accelerator programme, including a couple developing sustainable construction materials using CO2 mineralisation.

The price spread between European carbon credits and those from Asia, Africa, or South America has not significantly changed in 2025, according to analyst data. 

The Brazilian government expects to raise $10 billion for the tropical forest fund by the end of next year, the Minister of Finance Fernando Haddad said on Tuesday.

Global greenhouse gas emissions broke another record in 2024 following a significant 2.3% bump year-on-year, driven by a rapid rise in emissions from deforestation and land use, as well as is most major sectors, the UN warned on Tuesday.

The Article 6.4 Supervisory Body’s (SBM) approval last week of the first Paris Agreement Crediting Mechanism (PACM) methodology is a positive sign for speedy market operationalisation and voluntary market (VCM) integrity, according to experts in the process.

Credits from tree-planting projects are being snapped up by corporations, according to a survey that discovered renewed confidence in the voluntary market.

A group of international tax and climate experts has outlined options for a global levy on cryptocurrency to help finance climate and development action, according to a report released Tuesday ahead of COP30.

South Korea’s major steel-producing regions have urged the government to relax emissions trading rules and adopt targeted support measures, warning that rising carbon and electricity costs are deepening an industry-wide crisis.

Global emissions could peak before 2030, thanks to climate policies put in place over the past 10 years – but ambition lags, an warming remains on track for 2.7C, according to a report published on Tuesday.

A UK-based startup has become the first producer of sustainable aviation fuel (SAF) to receive government grant funding to investigate the non-CO2 effects of its fuel.

The New Zealand government will separate ETS unit volumes and control regulations from its Nationally Determined Contribution (NDC), it announced, among other changes to its climate legislation.

Looming tightness has dominated the conversation around European carbon in recent months, but with industrial emissions continuing their slump and gas in abundant supply, there is potential for weak fundamentals to continue to dampen benchmark EUA prices in 2026, sources have said, despite bullish investor bets and upward analyst price forecasts for next year. 

EUA prices are likely to top €100/tonne in the first half of 2026 as annual supply deficits keep the market under upward pressure, while the risks of regulatory intervention to manage prices are “overstated”, according to analysts at a leading bank.

Stakeholders in the Philippines' nickel supply chains should take immediate steps to prevent environmental degradation, biodiversity loss, and human rights abuses resulting from nickel mining, particularly as the clean tech demand for the critical material surges, a non-profit has urged.

The European Commission aims to support a broad range of technologies under its upcoming EU-wide purchasing programme for permanent carbon removals (CDR), an official has said.

A global clean industry project tracker has highlighted China’s dominance in the space, with the total value of projects operating or reaching a final investment decision (FID) totalling nearly $70 billion, while greenshoots appear in India and Brazil.

The European Investment Bank (EIB) Group committed a record €51 billion in 2024 to climate action last year, on track to achieve its target of €1 trillion for the decade ending in 2030, the group reported on Tuesday.

France, Kenya, Singapore, the UK, and Panama have launched a collective, government-backed framework to guide corporate use of high-integrity carbon credits on Tuesday.

Singapore and South Korea have joined forces to encourage the deployment of low-carbon shipping solutions.

Governments and institutions pushing back against US moves to thwart efforts by multilateral development banks (MDBs) on climate change is lifting hopes for reaching global climate finance goals, a policy veteran told Carbon Pulse.

Here comes the sun – The Australian government will launch a new retail energy offer that unlocks free solar during the middle of the day, it announced on Tuesday. The Solar Sharer scheme will be introduced next year through the Default Market Offer, requiring retailers to offer free electricity to households for at least three hours in the middle of the day when solar generation is at its peak. The government said the scheme was designed to address periods when energy prices reached low or negative prices during daytime periods. Customers will need to have a smart meter to be able to use the scheme, it added. Peak body the Australian Energy Council welcomed the scheme, but said in a statement that it was disappointed by the government's lack of consultation.

An Australian-owned fuel distributor has reached an out of court settlement in New Zealand’s first greenwashing case.

Off-year US elections on Tuesday could help ensure Democrat control of the US House of Representatives in the 2026 midterm elections based on one ballot initiative aiming to redistrict California, a move that environmental advocates said would bolster congressional support for climate efforts.

The California air resources regulator will prioritise affordability in its highly-anticipated ETS rulemaking, staff said during a virtual meeting on Monday, while benchmark California Carbon Allowance (CCA) prices continued to lose its October gains in after-hours trade.

RGGI Allowance (RGA) futures gained nearly 2% last week to reach year-to-date (YtD) highs above the $25 threshold as trading volumes declined.

Australia’s Clean Energy Regulator saw its revenue from carbon abatement contract (CAC) exits fall by roughly one-third, according to its annual report.

Alberta has opened its enhanced oil recovery (EOR) offset credit updated protocol for public comment, according to a draft published Monday.

Denialpalooza – Newly revealed documents show ExxonMobil funded thinktanks across Latin America to spread climate change denial and cast doubt on environmental science, according to The Guardian. This campaign aimed to protect oil interests by muddying public opinion and delaying policy action in the region, continuing a long-debated corporate strategy.

Moves by the New Zealand government to delay decisions on emissions budgets without consultation is damaging market stability confidence, three NZ ETS experts warned the government.

One-third of inputs – COP30 President Andre Correa do Lago said at an event held Monday in Sao Paulo that the UN Environment Programme will publish its flagship Emissions Gap Report on Tuesday using only the information provided by the 60 out of 195 countries that have already submitted their NDCs to the UNFCCC. The document will be used in debates and official discussions at COP30 about the shortfall between climate pledges and action. Correa do Lago said this report was not constructed the way it was supposed to be, with lacking information.

(Carbon) tango - Argentina on Monday presented its third Nationally Determined Contribution to the Paris Agreement at a national cabinet meeting. The plan establishes a new net emissions cap of 375 MtCO2e for both 2030 and 2035. This updated pledge relies on improved methodologies and is a crucial step for Argentina to participate in international carbon markets under Article 6, according to the national director for sustainable development and climate management, Nazareno Castillo. The country also submitted its third Adaptation Communication, detailing its strategies for resilience.

Covered emissions under the US Northeast and Mid-Atlantic power sector cap-and-trade system rose more than 5% year-on-year (YoY) in Q3, according to programme data updated Monday.