Analysts expect verified emissions covered under the EU ETS were slightly lower in 2025, as subdued industrial activity and continued coal-to-gas switching were counterbalanced by weak renewables output and rising transport demand.

The next decade of carbon removal (CDR) will be driven primarily by policy as the market shifts away from voluntary offtakes, according to an environmental markets analysis firm.

A US university has dropped its carbon neutrality claim after using carbon offsets to meet its 2024 target, shifting spending toward on-campus emissions reductions aligned with a 2050 net zero goal.

At least 120 GW of planned renewables expansion across the EU risks not coming online by 2030 due to a shortfall in grid capacity, according to a report by an energy think tank.

Two companies focused on carbon projects in Latin America announced on Tuesday a merger that has resulted in a new vehicle dedicated to scaling forest restoration and nature-based carbon removals (CDR) across the Americas.

Carbon removals and avoided emissions projects are showing similar trends to renewable energy projects in their nascency, a panel of financiers said on the first day of the North American Carbon World (NACW) 2026 conference.

Canada carbon cash – The government of the Northwest Territories has opened applications for funding to support projects aimed at cutting GHG emissions and displacing fossil fuel use across the territory, it announced on Tuesday Backed by the federal government via the Low Carbon Economy Leadership Fund (LCELF), the programme will support organisations delivering energy projects such as retrofits, biomass heating systems, fuel switching, methane capture, and EV charging infrastructure. Eligible applicants include Indigenous and community governments, public agencies, and other partners, with funding covering 25-75% of costs for projects, which must have minimum total costs above C$100,000 ($71,866). Applications will run from Apr. 1, 2026 to Mar. 31, 2027 with quarterly assessments.

Carbon neutral mining – Soma Gold has renewed carbon neutrality certification for its Colombian subsidiary for a second consecutive year, covering emissions from its latest reporting period, the company announced on Tuesday. It said Operadora Minera SAS retained certification under the PAS 2060:2014 standard, with verification by Bureau Veritas – BVQI Colombia Ltd. Soma reported emissions of 1,367 tCO2e for 2024, all of which were offset using credits from the Galilea Ame forest conservation project on the Biocarbon Registry. Operadora remains the only mining company in Colombia to hold the certification, the company said.

EOR repeal – California Representative Ro Khanna (D) and Oregon Senator Jeff Merkley (D) on Monday reintroduced proposed legislation to end a US tax break for the use of CO2 for enhanced oil recovery (EOR). The End Polluter Welfare for Enhanced Oil Recovery Act would scrap incentives expanded in 2022 that allow oil producers to claim subsidies for injecting CO2 to boost extraction, part of an estimated $34.8 bln in annual fossil fuel support. Lawmakers and advocacy groups said the measure targets subsidies that boost fossil fuel company profits without lowering fuel prices, with analysts adding the incentives can make otherwise uneconomic oil extraction viable.

Principality capital – The European Investment Bank (EIB) has agreed a loan of €60 mln to support the energy transition in Andorra, including for grid upgrades, the bank said in a press release Tuesday. Renewable energy generation and district heating and cooling networks will also be targeted for investment. The loan will help the Pyrenees-based principality to reduce its dependence on energy imports, the EIB said.

Hear me out – In a hearing on Monday, Vermont urged a federal judge to dismiss lawsuits challenging its 2024 climate superfund law, arguing the state has authority to raise revenue and address environmental harm. Opponents, including the US Department of Justice, the US Chamber of Commerce, and the American Petroleum Institute, contended the law unlawfully targets out-of-state fossil fuel producers and conflicts with federal authority. The law, the first of its kind in the US, seeks to fund climate adaptation projects following severe flooding and other extreme weather, but critics argue it attempts to regulate global emissions without a direct causal link to in-state damages. Two dozen states have intervened against Vermont, while environmental groups support the measure, and the judge has taken the motions under advisement with a ruling expected as soon as possible.

Register your interest – Remove, a carbon removal (CDR) accelerator, said on Tuesday it plans to expand its support for CDR startups into Latin America, with backing from Milkywire’s Climate Transformation Fund. The organisation said the move is intended to support local innovation, ecosystem growth, and broader CDR market development in the region. Remove is inviting CDR startups in Latin America to register interest in its accelerator programme ahead of the application launch, with further details expected in the coming months.

Subpoena standoff – The US House Energy and Commerce Committee issued a subpoena on Monday to the California Air Resources Board (ARB) over its compliance with the Clean Air Act after Congress nullified key vehicle emissions rules in 2025, alleging the agency continued to condition automaker approvals on regulations that had been voided. The move follows months of disputed document production and missed deadlines, with the committee arguing ARB withheld relevant materials and refused interviews, while the agency cited privilege claims the committee rejects as inapplicable to congressional oversight.

Heating shift – FortisBC Energy has financially supported energy-efficiency upgrades to a heating system at Vancouver International Airport (YVR), aimed at reducing fuel use and emissions at the transport hub, it was announced on Tuesday. The airport said the project comprises high-efficiency equipment and a shift to designated Renewable Natural Gas (RNG) for terminal heating. The upgrades are expected to cut natural gas consumption by more than 12,000 gigajoules annually and reduce emissions by around 700 tonnes of CO2e. The measures will support the airport’s net zero by 2030 target.

Sales dip – Brazil-based low-carbon fertiliser firm Verde AgriTech reported lower 2025 revenue and sales volumes as tight agricultural credit conditions in Brazil weighed on demand. Revenue fell to around C$16.6 mln (USD$ 4.7 mln) from C$21.6 mln in 2024, with net loss narrowing to roughly C$11.7 mln, while the company maintained margins of about 72% and cut expected credit losses, according to its Q4 & FY 2025 earnings results. Verde AgriTech produces a potassium-based fertiliser from silicate rock that captures CO2 in soils via enhanced rock weathering (ERW).

A UK-based asset manager has agreed to acquire a majority stake in a US forestry investment firm, forming one of the world’s largest timberland investment managers with around $8 billion in assets, it was announced this week.

A carbon exchange that claims to be mopping up Clean Development Mechanism trade before the UN body closes, has slashed its fees, and announced it will be opening up for an fresh investment round.

Offset project financier Carbon Streaming Corp. on Monday reported sharply reduced losses for 2025 and signalled a continued shift towards portfolio optimisation and asset sales, as the company seeks to stabilise its balance sheet following a turbulent period marked by project setbacks and legal disputes.

Lawmakers in the European Parliament environment committee want allowances in the Emissions Trading System for heating and transport (ETS2)'s Market Stability Reserve (MSR) to remain fully valid until 2033, and partially valid until 2035, as part of a draft agreement on amending the supply-controlling mechanism.

A UK government-funded research portfolio, made up of eleven carbon capture and storage (CCS) projects, has published results concerning five of the projects, it was announced Tuesday.

The global oil shock is fuelling new pressure on the UK government to revive its own North Sea oil and gas exploration – although critics argue it will only keep the country beholden to volatile international prices.

At least two European creditor countries are willing to undertake ‘debt-for-carbon swap’ deals with West African countries, which would involve a partial write-off in exchange for the transfer or generation of carbon credits, according to a senior official at a development bank.

European carbon prices recorded a 3.2% monthly gain in March, but were still 17% down for the year to date, with prices ending Tuesday marginally higher as traders continued to await the European Commission's publication of proposed reforms to the market's supply adjustment mechanism.

After years with only one eligible supply source, credits approved for CORSIA use in its current phase have begun to steadily flow onto the market, reaching above 30 million earlier this year, but in light of an escalating war in the Middle East that has disrupted international air travel and jet fuel flows, as well as a lack of legislated penalties for non-compliance, some participants are now questioning whether the global aviation offsetting scheme has a growing demand problem.

Concerns of fraud - Eni's flagship biofuels project in Kenya backed by the Italian govt is potentially harming local farmers and threatening food security, according to an investigation by SourceMaterial and Politico. Their study using trade records assessed by Transport & Environment (T&E) showed that Eni imported vast amounts of rapeseed from South Africa into its Kenyan subsidiaries, with the oil then re-exported to Italy, which could account for up to 80% of all of Eni’s exports from Kenya to its refineries in Gela and Venice last year. Eni claims the proportion is in fact 40%. The enquiry also found that farmers were encouraged to grow castor beans, only to be abandoned by the middlemen that had recruited them on Eni’s behalf, leaving them with a useless, inedible crop, which they had planted instead of maize and left families without enough food. The findings raise doubts as to whether non-edible biofuel crops can truly be scaled sustainably, said non-profit T&E.

A new draft corporate climate framework, put forward for consultation by the Greenhouse Gas Protocol, could signal a major shift in how companies disclose climate action, separating inventory reporting from how carbon credit use is communicated.

California state regulators have withdrawn from a major carbon markets conference in San Diego at short notice, Carbon Pulse has learned, raising questions among market participants about the reasons behind the move and the agency’s current posture on engagement with stakeholders.

Integrating carbon removal (CDR) into the EU’s Emissions Trading System (ETS) could incentivise tens of millions of tonnes of CO2 removals annually by mid-century, according to a new study released on Tuesday.

New household heat pump installations have cut Germany’s liquefied natural gas (LNG) import bill by €1.3 billion over the last three years, according to research published Tuesday by a US-based energy non-profit.

A project developer has said assisted natural regeneration (ANR) can deliver significantly stronger permanence than traditional reforestation, positioning the approach as a high-integrity option in carbon markets.

The chair of the European Parliament's environment committee has called for greater transparency on how revenues from the EU’s Emissions Trading System (ETS) are spent at national level, warning that half of the bloc's countries currently channel the money directly to their general budget, making traceability impossible.

A European semiconductor firm plans to enter the voluntary carbon market (VCM) to offset residual emissions, targeting the purchase of around 814,000 carbon credits over 2026-27, according to its latest annual report.

Some 26 emissions unit programmes have applied for eligibility under ICAO's international aviation offsetting scheme CORSIA for the 2027-29 compliance period, as the body opens a new assessment cycle.

French nuclear under EU scrutiny – The European Commission has opened an in-depth state aid probe into France’s plans to provide €72.8 billion in support for the construction of six new nuclear reactors with a combined capacity of 9,990 MW. The package for utility EDF includes a subsidised loan covering 60% of construction costs, a 40‑year two-way contract for difference, and a risk-sharing mechanism for events beyond the utility’s control. While acknowledging the project’s potential to bolster security of supply and EU decarbonisation goals, Brussels will assess whether the measures are proportionate, limit market distortions, and comply with the new electricity market design rules.

EU oil‑saving measures – EU Energy Commissioner Dan Jorgensen has urged capitals to coordinate emergency oil‑saving measures as Middle East tensions disrupt supplies through the Strait of Hormuz. In a letter to energy ministers, he calls for demand cuts in transport, explicitly pointing to the IEA’s 10‑point plan, which includes lower highway speed limits, cheaper public transport, car‑free days and promotion of teleworking, car‑sharing and efficient driving. Member states are asked to avoid steps that boost fuel use, postpone non‑essential refinery maintenance and raise biofuel blending to ease tight products markets, while fully using IEA‑coordinated stock releases.

Singapore and Thailand on Tuesday launched a call for carbon credit project applications under their bilateral Article 6 implementation agreement, marking the operational phase of the deal.

A coalition of 16 European industry groups has urged EU policymakers to ensure that this week’s update to benchmarks that determine free carbon permit allocations for the rest of the decade fully reflects industrial concerns with the bloc’s Emissions Trading Scheme (ETS), warning that the outcome will be critical for investment, competitiveness and climate goals.

Indonesia saw 66% more deforestation last year than in 2024, according to a Javan non-profit that links the spike to the government’s push to convert 20 million hectares of forest into agricultural land.

Making progress - Malaysia has endorsed nine forest conservation projects under its Forest Conservation Certificate (FCC) programme, with plans to raise about MYR 30.2 mln ($7.4 mln) to support reforestation, river rehabilitation, and forest protection efforts across several states. The projects, selected from 29 applications, are part of efforts to address a wider MYR 1.4 bln funding gap in conservation financing, officials said. The FCC functions as a performance-based, non-market mechanism that channels private sector funding into verified conservation initiatives, while allowing companies to meet sustainability goals and benefit from tax incentives.

Cheap and best - India has discovered a record-low price of INR 49.75 ($0.53) per kg for green ammonia through a competitive bidding process conducted by the Solar Energy Corporation of India (SECI). The auction allocated 724,000 tonnes per annum of supply to multiple developers, with output linked to 13 fertiliser units under long-term agreements lasting 10 years. According to the officials, the pricing breakthrough will help scale up green ammonia production, reduce reliance on imported grey ammonia, and strengthen energy security, with potential savings of nearly $2.5 bln in foreign exchange over the next decade. The development is part of India’s broader push under the National Green Hydrogen Mission to decarbonise hard-to-abate sectors such as fertilisers and industry.

Vietnam has published facility-level greenhouse gas emissions quotas under its pilot emissions trading system (ETS) ahead of expected tightening after 2026.

The Union of Comoros has submitted its updated Nationally Determined Contribution (NDC) under the Paris Agreement, pledging to cut greenhouse gas emissions 57% by 2035 compared with business-as-usual (BAU), using international carbon market finance to help meet the goal.

Integration - Carbon EX, which operates a marketplace for trading of carbon credits and renewable certificates, said it has started API integration with Tokyo's carbon market, operated by the metropolitan government. This integration will make some of the credits handled by Carbon EX's platform available for purchase on the megacity's carbon market by connecting private platforms with government infrastructure, the company said.

Working with farmers - Japanese project developer Green Carbon has concluded a demonstration on the application of alternate wetting and drying (AWD) technique in paddy fields in collaboration with farmers and domestic universities. The company said it aims to develop a new J-Credit methodology based on the results, which showed a higher methane emission reduction effect under the condition of implementing AWD after mid-season drainage. The developer recently also launched a support programme for dairy farmers to decarbonise manure management and create carbon credits based on a J-Credit methodology (AG-002).

Mileage crackdown - Brussels is calling on Europeans to cut back on travel in preparation for prolonged energy supply disruption driven by the Iran war. A letter sent by EU energy chief Dan Jørgensen to national energy ministers urged governments to consider "voluntary demand saving measures ... with particular attention to the transport sector." This could lead to governments asking citizens to drive or fly less to save fuel for more essential reasons, as is already the case in some parts of Asia. European energy ministers are holding an emergency meeting Tuesday to discuss how to address the energy crisis. Jørgensen also suggests that countries consider boosting the use of biofuels to replace fossil fuel products. (Politico)

Japan's domestic voluntary carbon market has received a boost after the J-Credit administration on Tuesday announced the registration of 18 new projects, which would create around 3 million credits over their lifetimes.

Nine EU countries have urged Brussels to overhaul how forests are treated in the bloc’s post-2030 climate policy, warning that rigid carbon sink targets risk penalising active forest management, which includes thinning and selective harvesting to improve forest resilience.

Stricter emissions baselines for expanding coal and gas facilities could prevent Australia’s Safeguard Mechanism from blowing its emissions budget while giving more time for emissions-reduction technology to mature, according to modelling published this week.

A Singapore-based carbon markets expert who headed Asia sustainable finance at WWF will now work on the city-state’s Article 6 deals at The Nature Conservancy (TNC), she announced Tuesday.

The EU’s obligation on oil and gas companies to provide 50 million tonnes of CO2 storage capacity each year as of 2030 is already driving project development, but weak enforcement at national levels threatens the bloc’s objective, according to a new tracker released on Tuesday.

A new fund aimed at investing in companies developing technology to decarbonise hard-to-abate sectors in Australia has raised A$50 million ($34.2 mln) at its first close.

LNG, likely no gas – The war on Iran has likely killed the New Zealand government's plan to build a new LNG import terminal in pursuit of energy security, the CEOs of two of the country's gentailers said at a conference on Tuesday. RNZ reported Genesis CEO Malcolm Johns saying the acronym stands for likely no gas, while Meridian’s chief executive, Mike Roan, said the US has put a bazooka through the plan. The NZ Herald reported Prime Minister Christopher Luxon saying Monday said the government would scrap the plan if the business case doesn’t stack up – despite climate and energy minister Simon Watts doubling down on the plan when asked about it by Carbon Pulse earlier this month.

Beetaloo bug – Shareholder activist group Market Forces and Equity Generation Lawyers have lodged a complaint with the Australian Securities and Investments Commission (ASIC), claiming that APA Group misrepresented costs, scale, and financial viability of fracking in the Beetaloo sub-Basin. In a letter accompanying a press release Tuesday, the non-profit said that the development is unlikely to be commercially competitive – contrary to APA’s claims – and that its size has been misrepresented. These misrepresentations, among others, are likely to mislead or deceive investors, the group contended, and is indicative of a trend among fossil fuel companies to overstate the financial viability of projects. A Market Forces report last year said that the Beetaloo project would generate 1.1 bln tonnes of emissions over its lifetime, undermining Australia’s efforts to reach net zero by 2050.

Green exemption – New Zealand’s Financial Markets Authority (FMA) has granted a class exemption to make it easier for issuers to offer green, social, sustainability or sustainability-linked (GSSS) bonds, it said on Tuesday. Under the exemption notice, issuers are not subject to the usual disclosure requirements if they are offering bonds that have the same features as existing quoted bonds, except for a different interest rate, redemption date, and GSSS status, FMA said. Removing this regulatory burden should incentivise issuers to offer GSSS bonds, and grow New Zealand’s sustainable finance market, it added.

Global muster  – Forty-five countries have already signed up to attend a conference in Santa Marta, Colombia in April to launch a coalition to transition away from fossil fuels, the Colombian government said in a press release on Monday. Building on calls at COP30 in Belem for a roadmap for the shift to cleaner fuels, the attendees for the Apr. 24-29 event represent around 20% of global fossil fuel production and nearly a third of consumption. Participants will include Australia, Brazil, Canada, Fiji, Germany, Jamaica, Papua New Guinea, Senegal, Tuvalu, the UK, and Vanuatu, among others. As well, the COP30 and COP31 presidencies will participate, as will the European Commission.

Nodal Exchange has launched the first financially-settled futures and options contracts tied to California Carbon Allowances (CCAs), marking a further expansion of derivatives offerings in North America’s largest compliance carbon market.

The head of BP's Asia Pacific carbon and Australian power origination in Singapore has resigned, they confirmed in a social media post Tuesday, one of several carbon traders at various organisations finishing up their postings in recent weeks.

Colombia’s reported emissions reductions from deforestation for 2018-22 are broadly consistent with UN climate rules, but methodological shortcomings risk overstating results, according to a UN technical review published Monday.

The Papua New Guinea government has approved the first carbon project in the country aligned with its new market system, it said.

A broader shift to greener electric arc furnace (EAF) steelmaking will significantly drive down emissions from China's oversupplied steel sector, while restoring steelmakers' profitability, a report has argued.