Another extension - The Brazilian state of Para’s environmental asset company CAAPP has extended, once again, the evaluation period for PMI No. 03/2025, which seeks to select a specialised technical partner to help raise resources and support the company’s institutional structuring and market intelligence development with regards to intermediating and commercialising jurisdictional REDD+ (JREDD) certificates. Citing the technical complexity of the proposals and the need for a thorough review by its executive board, CAAPP has prolonged the analysis phase from Nov. 10, 2025 to Feb. 23, 2026. The expression of interest was first launched in October, then extended in late November. The selected partner(s) must also structure strategies to sell future jurisdictional credits once they are independently verified, certified, issued, and after FPIC processes are concluded. CAAPP recently published a term of reference document formalising its decision to seek high-level external strategic advice before determining the final structuring model for the commercialisation of Para’s credits under PMI 03/2025. The ERPA that Para signed with Emergent/LEAF must be strictly observed, including the $15/tonne reference price and priority delivery of 12 Mt. Para accounts for roughly 40% of recent Brazilian Amazon deforestation and is seeking to scale its J-REDD efforts as part of a wider climate policy framework push.

Republican church-state separation - US Interior Secretary Doug Burgum has called the energy transition an ideological fantasy, casting doubt on climate science the same day the Trump administration repealed the endangerment finding, E&E News reported. Burgum likened the idea of the world-prescribed energy transition to religion, taking notes from other leaders of the federal government who’ve looked to discredit climate change.

More data, more mitigation - Cornell University researchers have synthesised data from multiple ground sources and models to map global cropland emissions at high resolution – down to about 10 km. Researchers said the unprecedented emissions maps will help hone mitigation efforts to lower agricultural emissions.

Oh-no solar - Ohio lawmakers are considering a bill that would ban solar and wind projects, according to Canary Media. The outlet reported that restrictive language in Senate Bill 294 (SB 294) would stop the Ohio Power Siting Board from supporting renewable energy projects. Other states passed similar bills as they follow the federal headwinds.

Emitters added net length in V27 California Carbon Allowances (CCAs), while financial players cut their net holdings across US compliance carbon markets, according to the latest weekly data from the US Commodity Futures Trading Commission (CFTC).

Offset drought - Acadian Timber Corp.’s 2025 results were materially affected by the absence of carbon offset sales, which had been a significant earnings driver in 2024. According to full-year results published this week, in 2024 the company sold 752,100 voluntary carbon credits from its Anew – Katahdin Forestry Project in Maine, generating C$24.6 mln in revenue and C$19.8 mln in adjusted EBITDA. No carbon credits were sold in 2025, leading to a sharp year-on-year decline in adjusted EBITDA, which fell from C$38.9 mln to C$15.8 mln, with C$19.8 mln of that decrease attributable to the prior-year carbon credit contribution. The project is registered with ACR under an Improved Forest Management methodology and is currently being transitioned to Version 2.1 of the protocol, which introduces dynamic baselines. This transition has delayed registration of the next tranche of credits and may result in slightly fewer credits being issued than originally expected, though all are anticipated to qualify as carbon removal credits rather than conservation credits. Acadian said it expects additional credit registration in the near term and states that demand and pricing for voluntary carbon credits are expected to remain stable, while it also evaluates potential future projects under either Canadian compliance or voluntary standards.

Quebec ranks among the world's locations for direct air capture (DAC) projects thanks to abundant clean electricity and favourable storage geology, according to a carbon removal (CDR) project developer preparing to capitalise on new provincial legislation.

Certain European stocks, such as in the cement and utilities sectors, have sunk due to possible political intervention in the EU Emissions Trading System (ETS) that would aim to ease benchmark prices, while others, notably chemicals, have charted gains amid expectations that reduced permit costs will boost their bottom line.

A Canadian climate think tank is warning the country needs to get its industrial carbon pricing right to have any chance of closing in on its net zero targets.

Shielding the shale - Harriet Hageman, a Wyoming Republican running for Senate, is exploring legislation that would shield oil and gas companies from climate lawsuits brought by states and cities, saying there is 'absolutely' interest among lawmakers in pursuing such a measure, E&E News reported. Speaking during a hearing Wednesday and in a subsequent interview, she argued that climate litigation and state-level policies targeting fossil fuel companies could destroy energy affordability for consumers and amount to efforts by Democrat-run cities and states to tax energy producers.

Turbine turnaround - Revolution Wind, a $6.2 bln offshore wind project in New England developed by Orsted, is set to begin generating electricity within weeks after overcoming two Trump administration stop-work orders, E&E News reported. The Interior Department halted construction twice, including a three-week suspension in late Dec. 2025, but the project successfully challenged both actions in court. Orsted CEO Rasmus Errboe said 59 of 65 turbines have been installed and key infrastructure, including onshore and offshore substations and export cables, has been energised.

E15 efforts - US House Republicans are set to unveil a draft framework to allow nationwide, year-round sales of E15, seeking to break a long-running impasse between biofuel advocates and small refiners, E&E News reported. The proposal, crafted by the Rural Domestic Energy Council, would permit permanent summer sales, limit small refinery hardship exemptions under the Renewable Fuel Standard, codify the US EPA’s economic hardship criteria, and bar renewable fuel credits for electric vehicles. Backers aim for a House vote by Feb. 25, but Senate prospects remain uncertain.

Pump price push - Republican lawmakers have reintroduced legislation to repeal the federal Hazardous Substance Superfund financing rate, reviving a broader effort to unwind oil and chemical industry taxes reinstated in recent years. The bill, titled the “Pay Less at the Pump Act of 2026”, was introduced by Representative Mike Carey (R-OH) and would amend the Internal Revenue Code to terminate the Superfund financing rate after Dec. 31, 2025. The measure would also end the Treasury’s authority to advance funds tied to the tax upon enactment. The Superfund tax, which applies to crude oil and certain petroleum and chemical products, was reinstated under the Inflation Reduction Act to help finance cleanup of hazardous waste sites.

Jet set – Aviation fuel supplier Air bp has signed a multi-year agreement to supply conventional jet fuel and sustainable aviation fuel (SAF) to Airbus across Germany and Spain, the companies announced this week. The contract covers fuel supply and into-plane services for Airbus’ commercial, helicopter, and military divisions, including flight testing, aircraft deliveries, Beluga fleet transport, and daily employee shuttle operations between Toulouse and Hamburg. According to press materials, the deal marks one of the largest voluntary SAF offtakes by an original equipment manufacturer.

CCS call – The Global CCS Institute has invited organisations to submit commercially available or advanced-stage carbon capture and storage (CCS) technologies for inclusion in its annual publication, the 2026 Technology Compendium. The compendium highlights solutions for stakeholders seeking market-ready options, and interested parties must complete an expression of interest form by Mar. 31, 2026 to be considered, the institute said.

Support for solar - 84 Democratic lawmakers have asked the US District Court for the District of Columbia to restore $7 bln in US EPA funding for the Solar for All programme, arguing the agency unlawfully rescinded obligated grants intended to expand rooftop solar access for low-income and disadvantaged households, E&E News reported. In an amicus brief filed Wednesday, the lawmakers said Congress, while repealing the broader Greenhouse Gas Reduction Fund last year under the One Big Beautiful Bill Act, allowed only unobligated funds to be cancelled and made clear that obligated funding should remain in place.

Coal clamp  - Washington state's Centralia coal plant must buy allowances in the state's cap-and-invest market if it restarts, the House decided on Thursday. HB 2367 would end a previous exemption TransAlta received in a 2011 coal phaseout deal and repeals sales and use tax breaks for coal at the plant. The 670 MW plant has been idle since mid-December but the US DOE ordered the Alberta-based company to keep it operational until mid-March. The bill passed 63-33 and moves to the Senate, where a companion bill (SB 6172) already passed one committee.  

Tree-mendous task - Brazil's Climate Plan allows agriculture and livestock emissions to remain largely stable through 2035 while relying on forest carbon absorption to meet national climate targets, Folha de Sao Paulo reported. The document projects agriculture sector emissions could rise 1% by 2030 and range from a 7% cut to 2% increase by 2035 compared to current levels. To achieve Brazil's NDC target of 59-67% emissions cuts versus 2005, the plan requires a 140% reduction in land-use change emissions from public areas by 2030. Energy and industrial sectors could increase emissions 44% and 34% respectively through 2035. Environmental organization Instituto Talanoa called the strategy insufficiently ambitious, describing it as the possible - rather than best - climate plan.

Waste case - Eni and Q8 Italy's planned biorefinery in Priolo, Sicily, will cut GHG emissions by at least 65% compared to conventional fossil fuels, Biofuels International reported. The joint investment will convert the existing Versalis industrial site into a facility processing 500,000 tonnes annually of waste, residues, and vegetable oils into HVO and SAF. Engineering work is complete and preparatory construction activities are underway, with final authorisations and contracts expected by the end of 2028. The project uses Eni's Ecofining technology and supports the Italian energy company's target to reach 5 mln tonnes per year of biorefining capacity by 2030.

Aligning remaining carbon budgets with national GHG inventory accounting would halve the global CO2 budget for limiting warming to 1.5C and leave many countries beyond their fair shares, a new study said.

The Colorado Energy Office (CEO) announced $5.2 million in Clean Air Program grant awards this week to support the deployment of emissions reduction technologies at industrial facilities across the state.

EU allowance prices posted their largest weekly loss in two years, as traders continued to cut carbon positions, assessing the various comments made by EU leaders on Thursday, with many participants noting that the political interventions did not add to a sense of certainty around either the near-term or longer-term prospects for the ETS; UKAs recorded their largest weekly fall since late 2022.

The European Parliament’s lead negotiator on proposed changes to the market supply mechanism of the Emissions Trading System for buildings and transport (ETS2) wants to activate the price control mechanism earlier than planned and introduce safeguards to curb social impacts.

Italian biorefinery – Eni and Q8 Italy will jointly develop a new biorefinery at Eni’s Versalis site in Priolo, Sicily, converting the existing facility into an advanced biofuels plant with 500,000 tonnes/year capacity, the two companies have announced. The plant will use Eni’s Ecofining technology to process waste, residues and vegetable oils into hydrotreated vegetable oil and sustainable aviation fuel for road, marine and aviation customers, cutting lifecycle emissions by at least 65% versus fossil fuels in line with EU climate goals. Early construction works have started, and final permits and contracts are due by end-2028, supporting Eni’s 2030 target of 5 Mt/year biorefining capacity.

The EU's carbon border fee may trigger greater inflationary effects than anticipated, with pressures already evident in the fertiliser sector, according to a think tank.

Expanding carbon capture and storage (CCS) in Europe relies on closing the cost gap between current projects and the EU carbon price, and ensuring CO2 infrastructure gets built through targeted government support, new analysis has found.

The European Commission has given the green light to Denmark's €1.04 billion state aid scheme supporting landowners rewild their agricultural land to reduce emissions, it said on Friday. 

Flight warning - Air France-KLM has warned it will have to cut almost half its flights to Asia if the EU doesn't scale back its requirements for airlines to use rising amounts of sustainable aviation fuel (SAF). European airlines have already ceded market share on Asian routes to non-EU carriers that split journeys to Asia via their central hubs in the Middle East, and so can avoid a large chunk of the higher costs SAF costs. EU airline executives are therefore calling on the Commission to introduce a SAF Border Adjustment Mechanism, which would require non-EU airlines to buy certificates equal to the value of the SAF used by EU airlines. EU airlines are also facing a possible extension of the EU ETS to departure flights from European airports, pending a review later this year. (FT)

Public awareness of carbon dioxide removal (CDR) is climbing sharply, but a knowledge gap is creating conditions for misinformation to spread and harden opposition before the industry can shape its own narrative, according to new research.

Carbon removal (CDR) buyers in 2025 sought hands-on portfolio support, delivery guarantees, high-quality durable credits, and flexible contract terms, a carbon removal solutions provider said in its annual market review.

An Edinburgh-based company closed an investment and grant funding round this week, securing $3 million for expanding its carbon removal operations.

The European Commission has retooled its Industrial Accelerator Act (IAA) ahead of publication on Feb. 25, expanding ‘Made in EU’ requirements into more clean tech products, while limiting requirements for low-carbon products to public spending only, according to a leaked draft.

The UK should drop its plan to largely decarbonise the electricity grid by 2030 and instead prioritise cheaper power by that date, according to a think tank.

Consulting - India’s largest power producer NTPC Limited has signed a memorandum of understanding with its wholly-owned trading arm NTPC Vidyut Vyapar Nigam (NVVN) to collaborate on carbon management and capacity building, local media reported. Under the agreement, NVVN will provide consultancy and advisory services to identify, register, and validate carbon value across NTPC’s projects and support the monetisation of carbon credits.

Allowance prices in China's national emissions market remained stable over the past week, with analysts expecting fair price recovery for this year due to anticipated policy developments.

Italy is preparing to suspend EU carbon market (ETS) compliance costs for gas-fired power plants as part of a broader plan to lower electricity prices, according to a leaked draft seen Thursday by an energy market news outlet.

The New Zealand Unit price fell back on Friday, halting a multi-day rally that traders had hoped marked a turning point for the market.

The Green Climate Fund (GCF) has announced a commitment to mobilise up to $100 million to support climate action in Chad, in a major step to scale finance for one of the world’s most climate vulnerable countries.

You're selected - Japan's environment ministry has decided to subsidise a project under the Joint Crediting Mechanism (JCM), which aims to reduce emissions by installing 66.8 MW solar power generation and 15 MWh storage facilities in Laos. The project, proposed by Sharp Energy Solutions Corporation, is expected to cut CO2 emissions by almost 30,000 tonnes per year, according to a government statement. Japan has formed partnerships with 31 countries to create carbon credits aligned with the Paris Agreement.

The government of South Korea will double its support in carbon capture and utilisation technologies this year to advance the commercialisation of such solutions, with a large-scale project in the pipeline.

Australian voluntary cancellations of Kyoto-era carbon credits fell 76% year-on-year in January, according to figures released by the Clean Energy Regulator, as the government continues to mull changes to its Climate Active scheme.

Australia should apply a carbon border adjustment mechanism (CBAM) to the cement and clinker sectors, while other sectors will need further analysis, according to a review on emissions leakage published Friday.

Singapore could see smaller increases in its carbon tax if global cooperation on climate continues to weaken, the city-state’s prime minister said.

In the works - Indonesia’s forest-rich Central Papua province has begun formalising its contribution to the national FOLU Net Sink 2030 target, holding a first workshop to draft a sub-national work plan aligned with Jakarta’s forestry and land-use mitigation goals, the Ministry of Forestry said. The province has 5.7 mln ha of forest, and will target mitigation actions across 3.6 mln ha, largely classified as high conservation value areas. Plans to establish 10 forest management units were scaled back to three due to fiscal constraints, the ministry said. In a seperate announcement, the ministry said that Indonesia and Norway on Thursday launched the fourth round of a community-based small grants programme to support FOLU Net Sink 2030 target. Norway has contributed $216 mln to Indonesia so far for verified emissions reductions from curbing deforestation

Formal signing - ASX-listed Foresta Group Holdings said it has formally secured a 30-year lease, with a 20-year extension option, for 9.6 ha of industrial land in Kawerau, New Zealand, to build a NZ $300 mln ($180 mln) biomass plant, the company announced. The signing took place at a ceremony hosted at Parliament. The facility will produce 60,000 tonnes of torrefied “black” wood pellets and 20,000 tonnes of pine-based chemicals annually in its first stage, using a patented solvent extraction process and pyrolysis technology. The lease, signed with the Putauaki Trust and including expansion rights over a further 40 ha, underpins plans to scale output to displace domestic coal demand, though the company has not disclosed a start date for production.

An international nonprofit launched a request for proposals (RFP) on Tuesday as part of a broader report on the integration of ocean alkalinity enhancement (OAE) with municipal wastewater treatment technologies.

Twelve financial institutions have joined a total of 29 groups committing to not provide funding for an LNG project in Papua New Guinea, citing biodiversity, climate, and human rights risks, a group of NGOs said this week.