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- Wed 23:31Interlinkages between carbon markets and other Paris Agreement items are being leveraged to smooth discussions in some rooms, but hit a nerve in others, according to civil society observers.
- Wed 22:55COP30 negotiations on the four main issues on the table – including how to plug gaps in climate finance and national commitments – are progressing well but need more time, the Brazilian presidency said on Wednesday evening, pushing the next plenary to Saturday.
- Wed 22:54Brazil is straddling a thin line between climate champion and fossil fuel producer, as the second fastest-growing oil supplier in the world over the past decade, but with slipping greenhouse gas emissions, according to Carbon Pulse analysis.
- Wed 21:59Host countries of Article 6 carbon projects say they need an army of experts to help them establish market frameworks and projects amid a looming capacity shortage, a COP30 side event heard on Wednesday.
- The newly launched Tropical Forest Forever Facility is creating a multi-billion dollar investment stream for tropical forest protection with a guaranteed share for Indigenous and local communities, even as conservation groups warn that emerging Article 6.4 rules risk sidelining nature-based solutions by imposing permanence requirements that could effectively exclude forests, soils, and blue carbon from the forthcoming global carbon market.
- Wed 20:44Enabling social inclusion - The World Bank’s 2025 EnABLE initiative has published its annual report, which details progress in advancing social inclusion within results-based climate finance across 14 countries. In FY25, new programmes were launched in Ghana, Lao PDR, and Mozambique, with additional projects in the DRC and Guatemala to enhance participation of Indigenous Peoples, local communities, and civil society, the project said. The report introduces the Social Inclusion Framework and a companion good practices guide developed with CIFOR-ICRAF, alongside new partnerships, training initiatives, and communications platforms. EnABLE also strengthened collaboration with the World Bank’s SCALE program to integrate equity and inclusion across all climate finance operations.
- Wed 20:39Oman on Wednesday at COP30 officially launched its National GHG Inventory Platform in support of its Nationally Determined Contribution (NDC), Biennial Transparency Report (BTR), and Article 6 engagement.
- Singapore’s National Climate Change Secretariat (NCCS), together with Gold Standard and Verra, has published its final Article 6.2 Crediting Protocol, establishing a framework for governments to use existing, independent carbon crediting programmes to meet their national climate goals.
- Wed 20:01Heavy metal - European aluminium importers are racing to secure supplies of the metal following an outage at a key smelter in Iceland and before a new carbon tax comes into force, pushing premiums to a nine-month high, Reuters reported. The European aluminium duty-paid premium , which buyers on the physical market pay over the London Metal Exchange price to cover taxes, freight and handling costs, is currently at $324 a tonne. It hit $330 on Nov. 3, the highest since late January. The sector is covered by the EU and UK ETSs.
- Wed 20:01A group of countries led by Colombia are working on a declaration specifically addressing transitioning away from fossil fuels, according to a draft text seen by Carbon Pulse.
- Wed 19:18The EU does not have an official preference for credits generated under Article 6.4 of the Paris Agreement for use towards its 2040 climate goals, despite some expectations this would be the case, officials told a COP30 event this week, adding that the bloc remains open to using other standards.
- Wed 19:00A global forum representing Indigenous Peoples and local communities announced its new strategy Wednesday at COP 30, with the goal of embedding community rights and priorities at the centre of international climate finance and eliminating low-quality projects.
- Wed 17:16European carbon prices jumped near to their recent 10-month highs on Wednesday as options trading appeared to drive some aggressive bids in the futures market, while the weekly positions data from the two main exchanges showed continued accumulation of length by speculative traders.
- Wed 17:01California Governor Gavin Newsom (D) at COP30 signed a series of agreements with international partners, seeking to reassure the global community of US commitment to addressing climate amid the absence of a federal presence in Belem.
- Wed 16:54CBAM critique - The EU's forthcoming carbon border tax will likely fail, with industries outside the bloc finding ways to circumvent it, said Wolfgang Grosse Entrup, head of German chemical industry lobby group VCI. Far from supporting the EU, the Carbon Border Adjustment Mechanism (CBAM) will lead to higher allowances prices of €100-150/t by 2027, leading some German companies to face up to €250 mln of extra costs compared with similar US sites, he said. Grosse Entrup called for continuation of free allocation of allowances and the phaseout of allowances to be stretched. He also critiqued Germany's planned industrial power price scheme, calling for rapid political clarity to support energy-intensive industry. (Montel News)
- Wed 16:52The development of carbon border adjustment mechanisms (CBAMs) could foster international industrial partnerships to help close financing gaps for decarbonisation, proponents said on a side event at the UN climate summit in Brazil.
Direct Ocean Capture (DOC) – Norwegian energy firm Equinor and US-based CDR firm Captura have completed a two-year technology qualification programme validating Direct Ocean Capture (DOC) technology for commercial deployment, Captura announced Wednesday. The qualification effort took place at a 1,000-tonne-per-year pilot facility in Kona, Hawaii, testing 20 performance indicators including safety, CO2 removal efficiency, and MRV standards. DOC uses electrodialysis to extract CO2 from seawater for permanent storage or reuse, leveraging the ocean’s natural carbon absorption capacity. Captura is now assessing sites for its first commercial-scale facility capable of capturing 30,000-50,000 tonnes of CO2 annually, with potential locations in Europe, the UK, and Asia-Pacific.
- Wed 16:46Temperatures could still be contained to below 1.5C by 2100 even with vastly reduced deployment of carbon removal (CDR) - below the 400 billion tonnes of CO2 required by that date under the latest scenario from the Potsdam Institute for Climate Impact Research (PIK).
- Wed 16:41European Union countries have agreed on a mandate to start negotiations with the UK on linking their respective carbon markets, the Council of EU member states said on Wednesday.
- Wed 16:40Tight fundamentals will push EU carbon prices higher through 2026, with the supply balance firmly bullish, analysts wrote in a monthly report published this week.
- Wed 16:31Improved Forest Management (IFM) projects accounted for nearly 30% of all nature-based carbon credits issued in 2025, though many registries still struggle to label credits accurately, complicating purchases and limiting sellers’ ability to secure higher prices, analysts said.
- Wed 16:30Governments increasingly putting domestic priorities first can still find powerful incentives for international cooperation on climate change, according to a new discussion paper unveiled Wednesday at COP30, though action must be taken soon to avoid a $26 trillion finance shortfall by 2036.
- Wed 16:23Governments must splash out billions on procuring carbon removal (CDR) tonnes because the voluntary carbon market will not plug the gap, warned an expert.
- Wed 15:33The timing of peak oil demand depends on how quickly electric vehicles (EVs) can be deployed globally, the International Energy Agency (IEA) said Wednesday.
- Wed 15:13The UK's upper parliamentary chamber, the House of Lords, has called on the government to clarify how disputes would be resolved if a link is established between the UK’s Emissions Trading System (ETS) with that of the EU, particularly regarding the role of the EU Court of Justice in such matters.
- Half of the global target to mobilise $1.3 trillion of public and private climate finance could be financed by private investors, and may be raised via carbon markets, according to an independent UN advisory group.
- Wed 14:34Djibouti wants to raise carbon finance using both Article 6.2 and 6.4 of the Paris Agreement to meet its new 2035 Nationally Determined Contribution (NDC).
- Wed 14:06The European Central Bank (ECB) has imposed its first-ever penalty on a financial institution for failing to comply with a key climate risk requirement, it announced this week.
- Wed 13:00At least 2 billion people live within five kilometres of fossil fuel infrastructure and face increased health and livelihood risks from pollution, land degradation and ecosystem loss, according to a report published Wednesday by two global advocacy groups.
- Wed 11:54The German government intends to extend the price corridor in its national emissions trading scheme by one year, to fill the gap left by the EU’s impending postponement of a new EU emissions trading system for transport and heating fuels (ETS2) to 2028.
- Wed 11:46A London-based spirits producer has committed to investing up to £5 million over the next five years to restore 3,000 hectares of degraded peatlands in Scotland by 2030.
- Day 3 at COP30 in Belem. Heavy rain and a big clash between protesters and UNFCCC security on Tuesday have somewhat dampened initial optimism for the summit, as crunch presidency updates are now expected on Wednesday that should signal where talks are likely to land over the coming days.
- Wed 11:20Collateral impact - A one-year delay to the EU ETS2 for heating and transport fuels to 2028 looks set to influence the bloc's inflationary outlook - potentially reviving calls for more interest rate cuts. A delay would likely mean consumer prices rise less than expected currently in 2027 - leaving the European Central Bank to face another undershoot of its 2% target on top of the one it already expects next year. This would provide an argument in favour of another interest rate cut. The ECB’s latest quarterly outlook envisages inflation of 1.7% and 1.9% over the next two years, but Bloomberg Economics forecasts ETS2 provides a lift of 0.2 percentage point or more in 2027.
- Wed 10:51Industrial hydrogen funding - The UK government has announced the successful projects to receive funding under its Industrial Hydrogen Accelerator (IHA) Programme, for end-to-end industrial fuel switching to hydrogen. Under Stream 1, H2GO Power received just over £3 mln for its Smart Hydrogen-Gas Network (SHyGaN) concept from the Department for Business, Energy and Industrial Strategy (BEIS). Stream 2A provided up to £400,000 for feasibility studies to develop the project concept further, with BEIS awarding around £2.95 mln in funding across nine projects. Whilst Stream 2B provided up to £7 mln in grant funding per projects that had completed feasibility studies in Stream 2A. All competitions are now closed. Further details here.
- Wed 09:11The European Commission is developing a pilot scheme to certify emission reductions from livestock and will present a legislative proposal next year if it receives a mandate to do so, an official has said.
- Wed 05:00The world could warm above 4C by the end of the century under current policies, the International Energy Agency (IEA) warned Wednesday in a stark report that said large-scale carbon removal (CDR) technologies will be needed to stop temperatures rising more than 1.5C.
- Wed 01:08Pacific Islands' representatives have offered to join the negotiations over next year’s COP hosting, to see if their Talanoa spirit can settle the dispute between Turkiye and Australia.
- Turning marine carbon dioxide removal (mCDR) into a reliable source of carbon credits will require far more rigorous science and costly monitoring, scientists said Tuesday.
- Wed 00:53A nation-wide project aiming to install 80 million clean cookstoves in the West African country, financed solely by credits from the Paris Agreement Crediting Mechanism (PACM), is conducting a small-scale “proof of concept” while waiting for an approved methodology by the UNFCCC, its developer told Carbon Pulse.
- Wed 00:40Even though no Article 6 negotiations are slated for COP30, "difficult discussions" about a recently approved permanence standard dog implementation of the new Paris Agreement Crediting Mechanism (PACM) – with some countries reportedly threatening to reopen agreed texts to try and cement a stronger role for nature-based projects in the new market.
- Wed 00:01The UK government has stepped up its nuclear power expansion plans, selecting a site in north Wales for the country’s first small modular reactor (SMR), it announced Thursday.
