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- Wed 23:48A large coalition of carbon market players has established a removal-focused working group for Latin America to gain a regional strategic position ahead of COP30 and attract investments, it announced on Wednesday.
- Wed 23:31Caribbean nations are stepping up efforts to coordinate their engagement in international carbon markets under Article 6 of the Paris Agreement, following a recent regional workshop that drew representatives from Eastern Caribbean States, Belize, The Bahamas, and Jamaica.
- Wed 23:22Emerging regulated markets such as Article 6 of the Paris Agreement and CORSIA, alongside standard-setters, could determine the quality, supply, and prices of carbon credits in the long term, a new report suggested.
- Wed 22:37Ten years after diplomats sealed the Paris Agreement, veteran negotiators and former UN climate leaders are calling for changes to make it more effective – with some suggesting an overhaul of the accord itself, while others eye stronger moves within the framework to bolster implementation.
- Wed 22:13Climate philanthropy – Giving Green has announced $26 mln in new grants to support high-impact climate initiatives through 2026, its largest funding round to date. The funding will target strategies such as expanding clean energy in the US, reducing aviation and shipping emissions, decarbonising heavy industry and food systems, and scaling carbon removals. The group, which recently became an independent research non-profit, said the funding will accelerate evidence-based grantmaking and research across key mitigation areas globally.
- Wed 22:13Canada's decentralised approach to carbon pricing could complicate CBAM recognition and effectively cede climate policy control to Brussels, speakers warned Wednesday at cCarbon's Canada Clean Fuels and Carbon Markets Summit in Calgary.
- Wed 22:12Smog pollutants are OK – Documents reviewed by E&E News reveal that the White House Office of Management and Budget (OMB), helmed by Russ Vought, pressured the EPA to expand its rollback of tailpipe emission limits to include other pollutants, such as soot and smog-forming compounds. The discussion between the agency and OMB happened as the EPA formulated plans to repeal the endangerment finding. The EPA currently uses tailpipe regulations finalised in 2024 under the Biden administration to combat both GHGs and other pollutants. While the Trump-era EPA reviewed those rules to roll back the GHG emission regulations, the OMB also urged the EPA to replace standards for criteria pollutants, fearing they would push automakers to produce more EVs.
- Wed 21:59Insurance can improve risk management and capital confidence in voluntary carbon market (VCM) projects, unlocking capital earlier in the process to keep projects viable, a webinar heard on Wednesday.
- Wed 21:56Hydrogen halt – California’s flagship hydrogen hub, the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES), has suspended operations following the Trump administration’s decision to revoke $1.2 bln in federal funding granted under the bipartisan infrastructure law, E&E News reported. The public-private partnership, aimed at developing hydrogen production facilities and infrastructure to cut transport and port emissions by 2 mln tonnes annually, cited recent changes in federal funding priorities in announcing the pause. The US DOE had selected ARCHES in 2024 as the first of seven US hydrogen hubs to receive support, but the funding withdrawal marks a major setback for California’s clean-hydrogen ambitions and signals the broader fallout from the administration’s rollback of energy-transition investments.
- Wed 21:53UK U-turn? – The UK may not contribute to Brazil's $125-bln Tropical Forests Forever Facility (TFFF) despite previously positioning itself as a champion of forest conservation, according to Bloomberg reporting based on an anonymous source familiar with the matter. That would be in spite of the UK's leadership in establishing the Forest and Climate Leaders’ Partnership (FCLP) at COP26, which it hosted in Glasgow. When asked whether the UK would contribute to the TFFF, UK government spokesperson Tom Wells said the country's efforts would be focused on domestic growth and lifting living standards at home. Brazil's COP30 priorities have centred the TFFF, a conservation fund with investment and disbursement arms that would pay tropical countries to retain standing forests.
- Wed 21:48Emissions in California’s electricity sector rose year-on-year (YoY) in September for the second year in a row, even as the share of natural gas decreased in the power mix, according to a report from the state’s grid operator.
- Wed 21:15A New York-based nature-based solutions (NbS) developer announced Wednesday a deal to deliver improved forest management (IFM) credits to a Big Six Canadian bank.
- Wed 20:44Go Dutch for nuclear – Dutch heavy lifting specialist company Mammoet has signed a Memorandum of Understanding (MoU) with Electricité de France (EDF) in anticipation of the Netherlands expanding its nuclear energy capacity. Mammoet’s SK6000 is the the world’s strongest, 6,000 t capacity land-based crane. Vakisasai Ramany, senior vice-president in charge of international nuclear development at EDF, said the partnership is aiming to deliver significant efficiency gains to enable a future nuclear programme in the Netherlands.
- Wed 20:37Project purge pressure – Republican lawmakers are ramping up pressure on the US DOE to preserve funding for major hydrogen and carbon capture projects after reports surfaced of an internal “kill list” targeting billions in clean energy grants, E&E news reported. The DOE last month said it would cancel nearly $8 bln in grants, largely affecting projects in Democrat-leaning regions, but a leaked document suggested additional cuts could reach GOP-backed initiatives. Sens. Kevin Cramer (R-ND) and Shelley Moore Capito (R-WV) have pushed Energy Secretary Chris Wright to spare hydrogen hubs in their states, warning that the cancellations could jeopardise economic development tied to federally backed clean energy ventures such as the Heartland Hydrogen Hub in North Dakota.
- Wed 20:34Fiji finance – Fiji has released a sustainable finance roadmap to align its financial system with national climate and development goals. Developed by the Reserve Bank of Fiji (RBF), the country's environment ministry, and UNEP, the roadmap focuses on improving ESG risk disclosure, scaling sustainable investments such as green bonds and climate insurance, and expanding access to finance for vulnerable groups. The document was prepared in consultation with national stakeholders including the finance ministry, the Fiji Development Bank, the Association of Banks in Fiji, and international partners.
- As demand for both high-impact and high-integrity credits grows, buyers in the voluntary carbon market (VCM) are signaling rising interest in projects that combine social and environmental outcomes in the Global North, with a new US-based food-rescue initiative among the first to tie methane abatement to hunger reduction.
- Wed 18:34Azerbaijan has committed to reduce emissions 40% by 2035 in its latest Paris Agreement pledge, published on Wednesday. which reserves the right to use Article 6 finance to get there.
- Wed 18:21National representatives are expected to approve a negotiating mandate later this week to begin talks on linking the EU and UK carbon markets, according to meeting documents seen by Carbon Pulse.
- Wed 18:14The EU will head to COP30 with a 2035 emissions reduction pledge of “between 66.25% and 72.5%” compared to 1990 levels, following months of uncertainty over whether member states would reach an agreement in time for the UN climate talks in Brazil, where the bloc aims to demonstrate that multilateralism still works.
- Wed 18:01The upcoming COP30 UN summit could mark a long-overdue turning point in how nature is integrated into climate action, with a number of biodiversity finance pledges set to be unveiled during the two-week event, according to observers.
- Wed 18:00The Azerbaijani and Brazilian COP presidencies on Wednesday launched the Baku to Belem Roadmap supporting the UN’s global climate finance goal, focusing on blended finance and incorporating many Global South-led proposals, with carbon markets around the edges.
- Wed 17:30A London-based carbon removal standard body has issued its first verified carbon removal credits facilitated by an new automated data sharing that accelerates the process.
- Wed 17:17EU carbon consolidated on Wednesday, giving back some of the 4.8% gain it had made since Friday after the weekly Commitment of Traders report showed funds continuing to build length, while European environment ministers reached a deal in Brussels on the bloc's 2040 climate target that includes a ratcheting up of the use of carbon credits, and officials neared agreement to begin negotiations over linking the EU and UK markets.
- Wed 17:01A global oversupply driven partially by Indonesia’s rapid coal expansion in recent years now risks straining government coffers and company profits at a time when demand is projected to fall, according to a report released Wednesday.
- Wed 16:55The European Commission unveiled a new package of measures aimed at boosting high-speed rail infrastructure, and scaling up investments in renewable and low-carbon fuels for use in aviation and maritime transport.
- Wed 16:14A deal struck by EU member states that will allow up to 5% of the bloc’s 2040 emissions reduction target to be met through international credits represents a major demand signal for carbon markets worldwide, experts said. However, key details still to be announced will determine how many and what types of units will qualify under the goal.
- Wed 16:12A new report examined a dataset mapping approximately 1,500 policies aimed at cutting greenhouse gas (GHG) emissions and boosting carbon sequestration in agriculture, forestry, and other land use (AFOLU) sectors, stressing that further work is needed to evaluate their real impacts.
- Wed 16:08NbS exclusion from Article 6 - A new policy briefing by Sustainable Development Strategies Group (SDSG) and Rainforest Foundation UK (RFUK) has warned of the risks of including nature-based offsets in Article 6 of the Paris Agreement. They pointed to widespread criticism of such projects in recent years due to persistent structural issues including negative impacts on forest communities. At least 71 carbon projects in the DRC, covering over 100 mln ha, were linked to serious legality, transparency, and human rights issues, according to research by RFUK last month. The two organisations therefore advocate for land- and nature-based credit projects to be excluded from Art. 6.2 and 6.4, and say COP30 negotiators should instead prioritise directing climate finance to Global South communities by way of non-market arrangements (NMA) under Art. 6.8.
- Wed 15:56
What we want - Ahead of COP30, the Project Developer Forum has released its priorities for advancing international carbon markets under Article 6 of the Paris Agreement, calling for a shift from rulemaking to practical implementation. The group urges negotiators to establish transparent, predictable frameworks that build trust and attract private investment into high-integrity climate projects. Key recommendations include setting clear and stable cost structures, adopting flexible benefit-sharing models that reflect local contexts, and authorising eligible projects retroactively to 2021 to recognise early climate action. The Forum also calls for streamlined approval and credit issuance processes to reduce uncertainty, along with strong legal safeguards for corresponding adjustments to prevent the reversal of emissions reductions.
- Wed 15:48Governments are undermining CORSIA, the UN international aviation offsetting scheme, even though they agreed to create the market a decade ago, warned a trade body on Wednesday.
- Wed 15:30The loss of renewable energy tax credits in the US will have only a “modest impact” on the sector’s expansion in the country due to surging electricity demand from artificial intelligence (AI), according to an analyst group.
- Wed 15:06The delay to the new EU Emissions Trading Scheme for road transport and heating fuels (ETS2), agreed by member states on Wednesday morning, will be bearish for the market, analysts have said, while exchanges already hosting futures contracts maintain that provisions are in place to start the new scheme one year later than expected, in 2028.
- The Saudi state-backed Regional Voluntary Carbon Market Company (VCM) on Wednesday announced it had struck partnerships with global market analytics and ratings firms, as the energy ministry pushes plans for an integrated national environmental commodities platform.
- Wed 14:27Biofuel risks - Non-profit Transport & Environment (T&E) has published an open letter signed by 100 scientists calling on world leaders at COP30 to recognise the many risks of an unchecked expansion of global biofuels demand, including on the environment, climate, and local peoples. Brazil is expected to launch a global pledge to quadruple the use of sustainable fuels, including doubling biofuel usage, at COP30 in Belem. In particular, the letter cautions against the risk of the shipping industry expanding into harmful biofuels, if regulation by the International Maritime Organisation (IMO) in its Net-Zero Framework fails to contain sustainability criteria for biofuels.
- Wed 14:24Norwegian industrial companies plan to invest around NOK 30 billion (€2.55 bln) in projects to cut CO2 emissions or reduce power consumption, according to new government-approved plans released on Tuesday by the country’s environment ministry.
- Wed 13:55A short grace period to test systems under the EU’s deforestation law could make sense if it allows implementation to “start for real” rather than delaying enforcement again, a French MEP told a press briefing on Wednesday.
- Wed 13:20The potential of regenerative agriculture for improving soil’s ability to capture and store carbon is overlooked in many national commitments to the Paris Agreement, according to a report released Wednesday.
- Wed 13:00Jurisdictions and market stakeholders are invited to express their interest in piloting a new model for progressing the data standardisation of carbon credits and helping to scale global carbon markets.
- A voluntary carbon market (VCM) analytics firm and a carbon project ratings agency announced a new partnership on Wednesday.
- Wed 12:42Drax has signed a contract with the UK government for subsidies to cover the operation of its biomass power station from 2027, marking no substantial change from the conditions agreed earlier this year.
- Wed 12:38The government of Mozambique has outlined a conditional emissions reduction target of 15-25% below a business-as-usual (BAU) scenario by 2035, according to the country’s updated Nationally Determined Contribution (NDC).
- Danish energy major Orsted swung to a quarterly net loss of DKK 1.70 billion ($265.5 million), it said on Wednesday, hit by US President Donald Trump's trade policies and resistance to renewable energy.
- Wed 11:08Open for consultation - Malaysia Forest Fund (MFF) has opened a Request for Proposal (RFP) for experts and organisations to conduct an integrated review of the national REDD+ strategy and instruments that support the country’s climate commitments. Interested bidders must attend a briefing session on Nov. 11, and submit their proposals by the deadline of Nov. 17, the national agency announced on LinkedIn.
- Wed 10:37The engineering arm of Samsung Group has partnered with a carbon capture developer to deliver modular, scalable solutions globally, the companies announced Wednesday.
- Wed 08:57Indonesia will offer 40 carbon projects worth more than 90 million credits at COP30, offering a mix of forestry, energy, and waste-sector activities, as it looks to the UN climate summit in Belem to generate interest in its recently reopened carbon market.
- Wed 08:56Verra has released updated service level agreements (SLAs) for project review requests, introducing new levels of detail and complexity to provide clearer expectations for project developers, the standard announced this week.
- Wed 08:55European Union countries reached agreement Wednesday on the bloc’s 2040 climate target after an all-night negotiating session that also saw ministers delay the launch of the EU’s new carbon market for road transport and heating (ETS2) by one year, as well as allowing a greater role for international credits to help meet the objective.
- Wed 08:47Where the money flows - Japan’s public financing and corporate practices are shaping global fossil fuel flows and GHG emissions, with its export credit agency JBIC linked to emissions on a scale comparable to some of the world’s top polluting countries, according to recent reports by environmental group Friends of the Earth Japan. According to the non-profit, fossil fuel projects backed by JBIC in 2024 generated about 408 MtCO2e, placing the agency’s finance emissions above those of France, the UK, and Italy. It was also found that almost 65% of LNG handled by Japanese companies at the JBIC-financed Cameron LNG project was resold abroad rather than supplied to Japan, challenging the claim that Japan’s overseas gas investments are essential for energy security.
- Wed 07:37Tie up - Japan’s Mitsubishi Corp has acquired a minority stake in Bengaluru-based bio-methane producer KIS Group’s Indonesia unit, it said on Wednesday. The tie-up will see KIS tap Mitsubishi’s network in more than 90 countries to scale its BioCNG and BioLNG technologies, including planned expansion into North and South America and Europe over the next five years. KIS, which has long-term biomethane supply contracts with Unilever and Shell, also counts Toyota, Godrej, Sinarmas, Banas Dairy, and Maruti Suzuki among its clients. The company said it is developing biogas and biofuel projects across 11 countries and plans to invest $1 bln in renewable gas and biofuel solutions in Southeast Asia and India by 2030.
- Wed 06:39The chair of Australia’s carbon integrity body has confirmed the review into the 2021 soil organic carbon methodology will be completed by the end of the year.
- Wed 06:33Stranded assets – India’s Ministry of Power has asked the country’s renewable energy-implementing agencies, including Solar Energy Corporation of India (SECI), NTPC, and NHPC among others to either secure buyers for about 50 GW of clean-energy projects which currently lack off-takers, or cancel the relevant tenders as a last resort, Business Standard reported. Under the directive, these agencies may be allowed to sign power-purchase agreements (PPAs) directly with developers, bypassing the usual buyer-side agreement, to accelerate stranded projects. The move follows concerns over unfinished transmission lines, regulatory delays, and utilities’ unwillingness to commit to offtake deals, which have left a large share of awarded projects un-commissioned.
- Wed 05:00A UAE-based venture is seeking to reduce the impact of carbon levies on heavy emitters by exploiting the claimed ability of ultramafic rock to both mineralise CO2 and produce natural hydrogen, with potential to serve the CO2 import industry and deliver low-carbon energy.
- Wed 05:00Gold Standard has labelled around 1.5 million clean cooking credits as eligible for Phase 1 of the CORSIA international aviation offsetting scheme, the second project under any standard worldwide to have issued formally approved units to date.
- Wed 04:44Conversion ban kicks in – Legislation restricting the conversion of farmland to forests under New Zealand’s ETS has taken effect, the government said on Wednesday. Passed in September, the amended legislation restricts how much farmland can be converted to exotic forestry in the ETS based on the land-use capability (LUC) class system, with some transitional exemptions. The government’s statement came a day after it unveiled a carbon removals assessment framework, covering nature-based removals as well as engineered, alongside a package of changes to the country’s climate policies, which caused prices to drop 20% on Wednesday morning.
- Wed 03:08Former US Representatives Abigail Spanberger (D) and Mikie Sherrill (D) have been elected as governors of Virginia and New Jersey, respectively, paving the way for the former’s possible re-entry into RGGI, the northeast US power sector cap-and-trade programme.
- Wed 02:57There is no requirement for an emissions cap on oil and gas, Canada announced Tuesday in the nation’s 2025 budget, in which it also proposed to extend the full value of carbon capture, utilisation, and storage (CCUS) tax credits to 2035.
- Wed 02:57A pilot initiative that digitally links nature measurements to Australian Carbon Credit Units (ACCUs) has labelled its first credits issued to a project, it announced Wednesday.
- Wed 02:45Deepening the partnership – South Korean steelmaking major Posco has decided to expand its cooperation with Norwegian multinational energy company Equinor in several sectors, including offshore wind, steel supply, and LNG. Posco has been operating a 14.5 MW solar power facility and a 62.7 MW onshore wind farm in Sinan, Jeollanam-do, and is developing a 300 MW offshore wind farm in the nearby waters. Meanwhile, Equinor is working on a floating offshore wind project off the coast of Ulsan.
- Wed 02:26EU ministers said they would need the entire night to clinch a deal on the bloc's 2040 climate target at their extraordinary environment meeting in Brussels on Tuesday, meaning the final agreement will only be communicated on Wednesday morning at the earliest.
- Wed 02:13Biochar project - Tokyo-based developer Green Carbon has signed a MoU with regenerative agriculture solution provider Living Roots to push for the commercialisation of biochar-derived organic fertilisers for rubber plantations in Thailand and other Southeast Asian countries, according to a company statement released this week. They aim to build a supply system capable of providing more than 3,000 tonnes of biochar annually, and work on a solution that can create carbon removal credits.
- Wed 02:05California's covered emissions under the state's Quebec-linked cap-and-trade programme fell 5.8% year-on-year in 2024, according to data published Tuesday.
- Wed 02:01Healthy heart – The UNFCCC has announced a three-year partnership with the Wellcome Trust to accelerate health-centred climate solutions. In a press release on Tuesday, the UN climate secretariat said the two partners will support both mitigation and adaptation measures, and that climate policies are underpinned by health evidence and robust science. It also cited last week’s Lancet Countdown 2025 report, which found that the rate of heat-related deaths has risen by 63% since the 1990s, and a record 154,000 deaths last year were linked to air pollution from wildfires.
- Wed 01:59A major North American industrial facility reportedly facing closure is a covered facility under the Western Climate Initiative (WCI) emissions trading scheme, potentially removing a compliance obligation from the compliance carbon market, according to media.
- Wed 00:01Ashes to archives – The US EPA has ended its 16-year Burn Wise programme, which promoted cleaner wood-burning practices to reduce harmful air pollution, E&E News reported. According to an online notice, the agency stopped updating the programme’s website last week, designating it as a “historical record”. Burn Wise, created in partnership with industry, offered guidance to wood stove owners on reducing emissions and selecting cleaner models. The EPA did not provide details on why the programme was discontinued or whether similar initiatives will continue, though it indicated some related work may persist.
