Indonesia has signed two new agreements to advance its voluntary carbon market and deepen climate cooperation with the UK, while simultaneously stepping up efforts to attract international buyers for the more than 90 million credits it plans to showcase during COP30.

Switzerland announced Sunday at COP30 a donation of R$33 million ($6.2 mln) to Brazil's Amazon Fund, doubling the country's financial support to the initiative.

A large European bank has been mandated by the governments of Honduras and Suriname to exclusively arrange a potential sale of the two nations' sovereign carbon credits.

EPP seeks three-year ETS2 delay – European Parliament lawmakers are pushing to postpone the EU’s Emissions Trading Scheme for buildings and transport fuels (ETS2) by at least three years, Bloomberg reports. Members of the European People's Party (EPP), the largest group in Parliament, want to delay ETS2 until 2030, citing concerns about consumer costs. The programme is currently scheduled to start in 2027, but EU countries decided earlier this week to delay the scheme by one year, citing social and economic concerns. Andrzej Halicki, vice-chair of the EPP group, is pushing the additional delay, saying: “consumers cannot bear the costs of the transformation". The parliament will hold a plenary vote on the 2040 climate target on Nov. 13. (Bloomberg)

EU-India CBAM talks – The Indian government called for greater predictability in the EU’s Carbon Border Adjustment Mechanism (CBAM) during trade talks that wrapped up on Friday. EU negotiators travelled to New Delhi for talks over Nov. 3-7, aimed at progressing the proposed India-EU Free Trade Agreement. During negotiations, India’s commerce secretary, Rajesh Agrawal, raised industry concerns over CBAM and called for more clarity over its implementation, KNN reported. Remaining rules for the EU's CBAM’s implementation will be put forward in early December, the European Commission has said. (KNN)

The International Civil Aviation Organization (ICAO) has for the first time authorised carbon capture and storage (CCS) and engineered removal methodologies for use under its CORSIA international aviation offsetting scheme, with a number of voluntary carbon standards also receiving eligibility approval for the current and next trading periods.

The four main political groups in the European Parliament have joined forces behind a set of compromise amendments on the EU’s proposed 2040 climate target, paving the way for its smooth adoption during a plenary vote next week.

Data centre dreams – ExxonMobil has ambitions to capture carbon from natural gas power plants supplying data centres, Data Centre Dynamics reported Friday. The fossil fuel giant has already engaged with data centre operators to advance these plans, according to comments from CEO Darren Woods during ExxonMobil’s Q3 earnings call. The company is aiming to capture up to 90% of CO2 emissions from its gas power plants serving the data centre sector, Woods said. This would not be the company’s first foray into CCS, as ExxonMobil received three permits in October to inject CO2 into old oil test wells in Texas.

A Canada-based offset seller has expanded its nature-based operations to create a blue carbon project in Guinea.

The EU, China, the UK, and eight other countries in Europe, Latin America, and Africa have endorsed Brazil's proposal for a coalition to collaborate on global compliance carbon markets and pricing mechanisms.

A new fund seeking to unlock large-scale commercial investment in deforestation and sustainable agriculture officially kicked off on Saturday, targeting raising $1 billion by 2028 and $2 bln by 2030.

At the Leaders’ Summit in Belem ahead of next week’s COP30, global leaders announced agreements on protecting forests and advancing the global energy transition, while outlining their goals and expectations for the upcoming conference.

Market intelligence provider MSCI is preparing to officially launch a credit rating system for Paris Agreement Article 6 transactions, as momentum builds to bring greater consistency to a global carbon market that remains voluntary and “uncapped” by design, an executive told Carbon Pulse.

Senior financiers and development experts are calling for a radical rethink of how global capital is mobilised for climate action, urging reforms that make finance simpler, faster, and more locally driven while integrating adaptation, resilience, and natural capital into mainstream investment strategies.

G20 pledges for carbon removals (CDR) are "limited and lacking credibility," with only a handful of member nations providing transparent and credible plans to scale up the technology, a report has found.

A group of representatives from investment institutions identified carbon pricing as the most effective incentive to channel capital into climate solutions at an event this week.

A pledge to quadruple the use of sustainable fuels by 2035, co-sponsored by Brazil, Italy, Japan, and India, has been endorsed by 15 more countries, it was announced Friday during the pre-COP Leaders’ Summit.

A recently-created carbon accounting initiative has drawn strong praise from major industrial and financial players, with executives calling it a “critical step” to unlock credible markets for low-carbon products and investments.

The German government is expected to revisit its national ETS to avoid EU carbon market prices being applied to its heating and transport emissions in 2027, to fill the gap left by a one-year ETS2 delay to 2028 agreed by EU member states this week.

The Interamerican Development Bank (IDB) has partnered with agencies from Northern European countries looking to unlock $800 million in guarantees for programmes focused on supporting sustainable development in the Amazon and Central America regions, they announced on Friday.

The Bundestag has passed a new law to advance carbon capture, use and storage (CCUS) in Germany, though scepticism about deploying the technology at gas-fired power plants is likely to force further negotiations.

EU carbon allowances extended their losing streak to three days on Friday but held on to post a 1.2% week-on-week gain, as prices gave technical support levels a thorough test in the morning before breaking lower amid falling gas, power and equity markets on both sides of the Atlantic.

Experts have predicted that EU demand for Article 6 credits could reach as high as 709 million by 2040, in light of a recent EU Council agreement to allow the bloc to meet up to 5% of its new flagship target with international carbon units.

Taxing private jets - Plans to tax commercial flights and private jets were outlined Friday by Spain's Prime Minister Pedro Sanchez, ahead of COP30 in Brazil starting on Monday. Countries are working together on the initiative to ensure those who pollute more, pay their fair share, said Sachez. A declaration is expected at COP30 to increase levies on the priciest forms of air travel, with a portion of proceeds directed to climate-vulnerable countries. (Bloomberg)

The durable carbon removal market saw quarterly contracted volumes reach their second-highest ever level, with only Q2 2025 ahead, after the Q3 volume surpassed the total annual figure for 2024, according to analysts.

Companies across the food, timber, rubber, and agricultural sectors this week called on the EU to proceed with the deforestation regulation’s current timeline while allowing a limited grace period to ensure smooth implementation.

Ahead of COP30, a multi-stakeholder group has issued several policy recommendations aimed at strengthening the role of nature-based solutions (NbS) in global climate action.

€358 mln for EU’s green transition – The European Commission on Friday announced more than €358 mln in funding for 132 new green projects across Europe. The grants, covering over half of the projects' total investment needs, will support nature and biodiversity restoration, circular economy initiatives, climate resilience, and clean energy projects. Highlights include habitat restoration in Sweden, river projects in Poland, and support for renewable energy training in France. The investments aim to have a “lasting impact” on the environment, economy, and well-being of Europeans as the bloc moves toward climate neutrality by 2050, the Commission said.

Greek CCS – Greece’s Ministry of Environment and Energy has launched a public consultation on a draft law aimed at establishing a comprehensive framework for carbon capture, transport, and storage (CCS). The bill seeks to align national legislation with EU commitments to reduce emissions, enhance environmental protection, and support sustainable investments. It includes provisions for a clear licensing framework, defining the responsibilities of involved authorities, regulating access to CCS infrastructure, and ensuring the sustainability of related investments through potential state aid. The consultation will run until Nov. 19, 2025. (ERT News)

Twenty-one European airlines have committed to revise their environmental marketing practices following talks with the European Commission and national consumer protection authorities, the EU executive announced on Thursday.

The one-year postponement of the EU’s new Emissions Trading System for road transport and heating fuels (ETS2), agreed by member states this week in exchange for their backing of the EU’s 2040 climate target, rests on shaky legal grounds and could face court challenges, experts told Carbon Pulse.

More than 5,300 fossil fuel lobbyists have attended UN Climate Summits over the last four years, a non-profit said on Friday, calling on the UN climate body to establish better accountability rules to root out industry interference.

The latest draft of the Science Based Targets initiative's (SBTi) Corporate Net-Zero Standard (Version 2) takes a step forward on climate finance transparency, and makes an effort to clearly recognise companies that buy quality carbon credits, but will fail to help drive near-term investment towards removals, according to market stakeholders.

Gulf gains - PlanetWest, a Los Angeles-based environmental technology company, announced the launch of its Mobile Intelligent Direct Air Capture (MIDAC) system, designed to address severe air pollution and rising temperatures in the megacities of the Gulf States. The system, which can integrate with vehicle radiator systems, captures particulate matter such as black carbon – a pollutant with a warming effect up to 1,500 times stronger than CO2 by mass – and stores it for disposal or recycling. PlanetWest said the technology offers faster climate and health benefits by targeting concentrated pollution in urban hotspots rather than diffuse GHGs. The company plans for local manufacturing of MIDAC units in the Gulf region to support economic development alongside environmental improvement.

European shipping emissions increased by 13% last year despite a fall in trade, a non-profit said on Friday.

Most corporates are turning a blind eye to the threat of climate change, failing to implement robust measures to support the Paris Agreement goal, although more and more of them are using carbon credits, according to a new report.

Major EU utility RWE has reported a 17% rise in ETS-covered gas-fired generation over the first nine months of the year, compared to the 2024 period, while its lignite output slipped 3%.

The European Commission on Thursday launched a call for evidence ahead of its forthcoming strategy on small modular reactors (SMRs), viewed as a potentially key technology to help decarbonise Europe’s energy mix alongside renewables.

Aviation emissions covered by the EU ETS last year rose over 30% compared to 2013 levels, data from an independent agency showed.

Relying on carbon capture and storage (CCS) and carbon removal (CDR) to offset fossil fuel use could undermine global climate goals, a new study warned Friday, urging governments and companies to aim for “real zero” instead.