EU Innovation Fund event – The European Commission will hold a hybrid stakeholder consultation event on the upcoming Innovation Fund’s 2026 calls for proposals on June 19 in Brussels. The event, announced on Feb. 16, will gather project developers, industry, national authorities and other stakeholders to exchange views on the Innovation Fund 2026 call design. A detailed programme and registration information, is expected to be released shortly. The event will also be  livestreamed. The EU’s Innovation Fund is expected to provide around €40 bln in support over 2020-30, with the exact amount depending on the carbon price in the EU ETS.

Zambia Article 6 applications open – Zambia has opened applications for a National Carbon Markets (Article 6) Capacity Building Programme, aimed at strengthening local expertise in carbon finance and project development. The programme is being launched by CarbonSphere Climate Advisory, in partnership with BCM Advisory Consult, and will focus on carbon market development, project preparation and verification under Zambia’s Green Economy and Climate Change Act, 2024. Open to youth, professionals, government officials, community leaders, and private sector participants, the initiative will offer training in Lusaka in April and will cover Article 6 mechanisms, ITMOs, MRV systems and international standards.

Over 2.1 million Core Carbon Principles (CCP)-labelled credits were issued last week – bringing overall tagged issuance close to 90 mln – but CORSIA credits came under pressure, fuelling concern in the airline industry expressing that operators may have to declare a force majeure if available credits under the UN's aviation offsetting scheme don't increase soon.

The EU’s Emissions Trading System (ETS) adds about €20/MWh to wholesale electricity prices in European power markets compared to the US, according to a German researcher.

European carbon prices extended their losing streak to five days on Monday as growing selling pressure in the afternoon was met with little resistance in the absence of many US traders for a public holiday, and EUAs fell to their lowest in almost seven months before consolidating, while UK carbon posted a modest gain after supportive political statements on EU-UK market linking over the weekend.

At today's level of warming, about 40% of the ice stored in West Antarctica may already be on a path of long-term decline, while parts of East Antarctica could cross thresholds at 2-3C of warming, a study has found.

Enhanced rock weathering (ERW) could remove between 350-760 million tonnes of CO2 a year by 2050, depending on the level of ambition in national policies, according to a new scientific paper published on Monday.

TotalEnergies spent a record $73 million on carbon credits in 2025, up 49% from the previous year, according to financial results published last week.

Carbon credits remain the best mechanism to finance and deliver clean-cooking appliances to households across Sub-Saharan Africa, argues Peter Scott, CEO and Founder of cookstove developer Burn.

Egypt’s Financial Regulatory Authority (FRA) has issued a decision requiring non-banking financial institutions to purchase carbon credits from the national database to partially offset company emissions, anticipating a “strong boost” to Egypt’s regulated voluntary carbon market system.

A Berlin-based non-profit has won a court battle against a German newspaper over allegations that cookstoves funded by the city of Hamburg in Nigeria "didn't exist", securing a court-ordered retraction and correction.

Energy investment - Spain is providing €62 mln to the Qualitas Energy Credit Fund, which invests in renewable energy and sustainable infrastructure projects, both new and existing across Europe.  The transaction is being implemented by the European Investment Fund (EIF) and financed with capital from the European recovery program NextGenerationEU. It is also part of the Spanish Regional Resilience Fund, which is supervised by the Spanish Ministry of Economic Affairs, Trade, and Enterprise and managed by the EIB Group.

Kenya is set to launch its national carbon registry this week, providing a digital platform designed to centralise tracking, verification, and management of carbon credits and emissions mitigation outcomes.

Miliband-Newsom deal - UK Energy Secretary Ed Miliband struck an MoU with California Governor Gavin Newsom, agreeing to cooperate on climate action, sustainable development, nature protection, and support for innovation over five years, DESNZ announced on Monday. The two sides plan to cooperate on five areas, including carbon management and super pollutants, which includes emissions trading and carbon markets, CCUS, greenhouse gas removals, and methane emissions reduction. Other areas include clean energy technology and energy systems, transport decarbonisation, financing for clean energy and climate resilience, and the environment, agriculture, and resilience. To do this, they plan to hold policy dialogues and events, and potentially collaborate with experts on research and pilot projects.  

UK CBAM rates - The UK plans to announce the pilot rates for its Carbon Border Adjustment Mechanism (CBAM) in 4Q 2026, several months earlier than the originally scheduled effective date of Jan. 1, 2027. These pilot rates will allow importers of aluminium, cement, fertilisers, hydrogen, and steel to gain early insight into the fees they will face under the carbon border fee, which aims to prevent emissions-intensive imports from undercutting manufacturers subject to the UK ETS. These fees will depend on the amount of carbon emissions generated during the goods production, and the difference between any carbon price in the originating country and that faced by UK producers. Importers can either use the actual emissions data of goods to calculate the fees, or use govt-set default emissions values.

Taking flight - The UK Civil Aviation Authority (CAA) will require airlines and booking platforms to display carbon emissions data for flights departing from or arriving at UK airports by Apr. 2027, it said in a document published this month. The framework mandates that environmental information be accessible, transparent, and calculated using internationally recognised methodologies including Google's Travel Impact Model, the IATA Recommended Practice, or the EASA Flight Emissions Label. Airlines must show CO2 or CO2e per passenger journey and update data at least annually, with the CAA planning to monitor compliance through website reviews during 2027 and publish initial findings later that year. The decision follows a 2024 consultation that received 53 responses, with stakeholders supporting the principles but calling for greater clarity on implementation and expressing divided views on mandatory versus voluntary adoption.

OAE boost - The Carbon to Sea Initiative (C2S) is seeking proposals to assess integrating ocean alkalinity enhancement (OAE) with municipal wastewater treatment, the non-profit ocean science programme announced last week. The request for proposals aims to produce a technical report evaluating climate, human health, and environmental benefits of combining OAE technologies with wastewater systems, which currently account for an estimated 3-7% of global greenhouse gas emissions. C2S will fund one four-month award of up to $125,000, with proposals due by Mar. 20, 2026. The report will examine geographic feasibility, operational considerations, and risks across two scenarios: existing wastewater treatment infrastructure in regions like North America and Europe, and newly developing systems in areas currently discharging untreated wastewater.

Fuelling incentives - The EFTA Surveillance Authority (ESA) has allocated ETS allowances to airlines for verified SAF volumes used in 2024, ESA said last week. The decision implements a new ETS support mechanism designed to accelerate SAF uptake across the EEA by helping close the price gap between fossil kerosene and SAF on flights covered by effective carbon pricing. A total of 20 mln ETS allowances, worth around €1.5 bln at an allowance price of €75 each, are set aside for the scheme across the EEA through 2030. Airlines Norwegian and Wideroe were awarded 208 and 1,762 ETS allowances respectively from the EEA monitoring body, carbon expert Jos Cozijnsen said in a social media post on X. The system applies from 2024 onwards under the latest revision to the ETS Directive.

CCS in Georgia - Block Energy is moving into the next phase of developing CCS in Georgia, after a pilot study at the Patardzeuli oilfield confirmed that it is technically viable for permanent carbon storage, the Georgia-focused company announced on Monday. The pilot study saw just 13.64 tonnes of CO2 dissolved in water and injected into the site, which reach full mineralisation within a quick one to three months, with no evidence of gas phase migration or leakage. In the next phase of development, Block Energy and its JV partner Rustavi Azot will carry out a comprehensive feasibility study to evaluate the potential for scaling up CCS, and what infrastructure is needed for full-scale commercialisation.

The European Commission convened an expert workshop last week to examine the CO2 sequestration potential of direct ocean carbon capture and storage (DOCCS) technologies, launching “exploratory work” towards possible EU wide certification.