A group of 114 civil society organisations published an open letter Tuesday to the COP30 Presidency, calling for the planned roadmap to transition away from fossil fuels to be science-led and equity-based to ensure it does not become "another document that gathers dust". 

Parties in a US consumer-led class action lawsuit are probing whether companies making carbon-neutral claims can rely on third-party offset certification or whether additional substantiation of emissions reductions is required, ahead of a hearing on a motion to dismiss on Tuesday.

A global agtech software company plans to burst into the afforestation, reforestation, and revegetation (ARR) market, expecting to initiate 10 voluntary carbon projects this year after switching away from a REDD+ avoided deforestation approach, the founder and chief executive told Carbon Pulse this week.

EU probes Chinese wind turbine maker – The European Commission announced on Tuesday the opening of an in-depth investigation into Chinese turbine maker Goldwind under the EU’s Foreign Subsidies Regulation (FSR). The probe, initially launched in Apr. 2024, will scrutinise grants, preferential tax measures and loans that may have strengthened Goldwind’s market position and distorted competition for wind turbines in the EU internal market. The Commission stressed that opening the in-depth investigation does not prejudge its outcome.

Asian-Swedish hydrogen – Catator, a Swedish developer of catalytic technology for hydrogen production, has made important progress in establishing itself in Japan and South Korea helped by the Swedish Energy Agency’s Global Innovation Accelerator (GIA) programme. The GIA offers a structured routes into these markets where electrofuels play a key role in the energy transition. Catator CEO Tarras Delin said the GIA gave it the structure, contacts, and business opportunities that otherwise would have been tricky to achieve. The Swedish company has secured two important orders in Japan with the help of GIA, and in Korea, has identified a large number of prospects. It sees good potential in building sales in both regions going forward supported by the GIA.

Nature-based carbon projects often struggle to prove that they deliver real and measurable emissions reductions, according to recently published research that highlighted fundamental limits to causal attribution in complex social-ecological systems.

Indonesia is aiming to complete the launch of its national carbon market by late June, with large transactions expected to begin the following month, local media reported Tuesday.

Do some study first - The Beijing Green Exchange, which hosts China's domestic voluntary CCER market, plans to continue promoting research on the cross-border carbon trading systems, it said in a recent statement. It also seeks to participate in the development of relevant regulations in China, in order to expand the international influence of the CCER market. The exchange last week organised a seminar on the topic, with the participation of around 30 experts across sectors.

The Global Carbon Council (GCC) and Malaysia Forest Fund (MFF) have signed a memorandum of understanding (MoU) to strengthen cooperation on carbon markets and scale nature-based solutions across Malaysia, the organisations announced Tuesday.

Robust interest - Singapore’s Ministry of Trade and Industry told Carbon Pulse it received 52 submissions at the pre-qualification stage of its second request for proposals to procure Article 6-compliant carbon credits for use towards its 2030 climate target. The list includes major commodity and energy traders such as Shell, Trafigura, Vitol, Mercuria, and agribusiness groups Olam and Louis Dreyfus Company. MTI said the pre-qualification phase is expected to conclude around May of this year, when the second stage of the tender will begin. Further details on evaluation criteria will be released with the second-stage tender documents, it added. The tender, for both nature and tech-based carbon credits, is restricted to countries that have signed bilateral Implementation Agreements with the city-state.

The upcoming legislated review of the Safeguard Mechanism will not be used to massively overhaul or dump the scheme entirely, rather, it will be more of a recalibration of current settings, a consultancy argued this week.

SAF potential - ASEAN economies could produce up to 8.5 mln bpd of SAF by 2050, far exceeding projected regional demand, according to an outlook by Melbourne-based consultancy GHD. The outlook found countries including Vietnam, Indonesia, Malaysia, the Philippines, and Thailand have abundant agricultural and forestry waste feedstocks, positioning them as potential net SAF exporters to markets such as Japan, Singapore, and South Korea. Regional SAF demand is also seen to rise from about 15,000 bpd in 2030 to more than 700,000 bpd by 2050, driven by rapid aviation growth in Southeast Asia.

Exclusions - The Australian Renewable Energy Agency (ARENA) has narrowed the eligibility of low-carbon liquid fuels (LCLF) under its Future Made in Australia innovation fund, Argus reported. The A$250 mln ($175 mln) LCLF fund will only support projects producing sustainable aviation fuel, renewable diesel, and methanol, saying these have the highest innovation potential and strongest market demand from sectors including aviation, long-haul freight, mining and maritime. Projects developing or using biodiesel, biomethane, hydrogen, and/or ammonia, as the end product are not under consideration according to the agency. The LCLF innovation around is separate from the A$1.1 bln the government committed to developing the LCLF sector.

Green iron - UK-based Binding Solutions said in a press release it had signed an agreement with a unit of Japanese trading house Mitsui & Co to produce lower-carbon iron ore pellets from material in Western Australia’s Pilbara region. The privately held company said it had signed a MoU with Mitsui Iron Ore Development to apply its "cold agglomerated pellet technology", which uses less energy and emits less CO2. Under the deal, Binding Solutions aims to convert lower-grade iron ore into pellets, which typically attract a price premium. Mitsui has investments in Pilbara iron ore operations alongside major producers including BHP Group and Rio Tinto.

Apply now - Indonesia has opened applications for its first Climate Finance Accelerator cycle in 2026, looking for climate-aligned and revenue-generating businesses raising at least $3 mln. Funded by the UK Government, the programme aims to help mobilise private capital for climate finance. Priority sectors include energy, waste, agriculture, transport, industrial processes, and forestry and land use. Applications close on Marc. 9, 2026, with selected participants receiving investor-focused coaching and networking.

Government support - The South Korean government plans to support small and medium enterprises (SMEs) pursuing commercialisation of climate technologies, Yonhap reported. Those holding carbon neutrality-related patents or who have been recognised as successful in national research and development (R&D) projects within the past three years will be considered eligible for applications. The government will select around 10 SMEs and provide up to KRW 200 mln ($137,649 ) per company for consulting, product improvement, and domestic and international verification and certification.    

Rate reduction - Australia's Clean Energy Finance Corporation (CEFC) has committed A$60 mln ($41.8 mln) to reduce the upfront cost of EV ownership, teaming up with Hyundai Motor Group's finance arm, Hyundai Capital Australia, to cut vehicle interest rates, it announced. Eligible customers under the programme could save between 0.5-1% on their finance rate across Hyundai and Kia fully-electric EVs, according to a statement. The investment also supports the future integration of EVs into the electricity grid, it added. Around half of all light vehicles sold between now and 2035 will need to be electric to reach Australia's 62-70% emissions reduction target, according to the Climate Change Authority.

The Australian Carbon Credit Unit (ACCU) price slipped Monday after edging up to a 2026 year-to-date (YtD) peak, as a relatively high volume of Safeguard Mechanism Credits (SMCs) came on to the secondary market.

China, while seeing clean energy put its CO2 emissions into reverse for the first time last year, is finding itself embroiled in years of coal expansion beyond power demand growth and climate requirements, according to a report published Tuesday.