H2 go – Uzbekistan has launched a clean hydrogen project, with support from the Global Green Growth Institute (GGGI), focusing on creating favourable conditions for the fuel, the Seoul-based intergovernmental organisation said in a press release last week. With its NDC 3.0 aiming to increase the share of renewables in the country’s energy mix to 54% by 2030, Uzbekistan has already initiated policy measures and pilot programmes to explore green hydrogen. The GGGI project – funded by the Korea Green New Deal Trust Fund, under Korea’s Ministry of Finance and Economy – is aiming to strengthen regulatory frameworks for hydrogen development, capacity building in the public sector, and unlock project opportunities to accelerate development of the clean hydrogen market.

The World Bank's arm for the private sector has unveiled a framework to define and guide regenerative agriculture across its investment and advisory operations.

Urban forestry - The South Korean city of Busan has secured the country’s first approval to register an urban forest project within the national emissions trading scheme boundary, converting a former landfill site into a carbon sink under the 'Haeundae Arboretum carbon absorption enhancement project'. The initiative is expected to absorb around 1,365 tonnes of CO2 over 15 years and generate tradable credits, with authorities positioning it as a new “Busan-type” carbon asset model to scale across the country. (Seoul Economic Daily)

New ERW datasets - US non-profit Cascade Climate said its ERW Data Quarry has doubled the amount of data available on the platform with three new datasets from projects led by Mati in Chhattisgarh, India, InPlanet in Sao Paulo, Brazil, and the Carbon Drawdown Initiative in Germany. The update also adds new project developers Terrasols and The Rock Flour Company, bringing the total pipeline of data-sharing commitments to 26 as the group seeks to improve transparency around commercial enhanced rock weathering deployments.

Efforts to scale high-integrity blue carbon projects are being constrained by a fundamental tension between scientific rigour and market viability, according to a Singapore-based project developer working on a mangrove restoration initiative in Indonesia.

A global consulting group has acquired a Tokyo-based carbon markets specialist to strengthen its capabilities in carbon credit evaluation, procurement, and supply chain emissions tracking, the company said last week.

Ammonia deal - Indian renewables company Jakson Green has signed an agreement with state-run Solar Energy Corporation of India (SECI) to supply 85,000 tpa of green ammonia under the government’s hydrogen incentive scheme, the company said in a press release. The contract, valued at about $465 mln, will support supplies to Coromandel International’s fertiliser facility in Kakinada, Andhra Pradesh. Deliveries are expected to begin in 2029.

Space emissions tracking - Japan-based ANA Holdings has joined a domestic consortium led by Axelspace to develop satellite and aircraft-based CO2 monitoring technology under a programme backed by Japan Aerospace Exploration Agency. The project will deploy compact sensors across satellites, commercial flights, and ground networks to track emissions by source, time, and location, with support from partners including Meisei Electric and JIJ, and a demonstration satellite planned for launch in the early 2030s.

Farm credits -  Japan-based Green Carbon and Toyota City have started accepting corporate donations to support the country’s first AWDJ-Credit methodology demonstration project, based on alternate wetting and drying (AWD) rice cultivation. The initiative builds on an earlier pilot and is backed by a cooperation agreement on agricultural carbon credit creation, with plans to expand nationwide using a corporate hometown tax scheme to fund farm-based emissions reductions and support farmer income.

Taiwan is considering deferred or instalment payment plans for emitters under the island's carbon fee programme amid a global oil shock, while the rules for the use of international carbon credits are set to be announced around summer.

Climate initiative - Cambodia has launched a regional climate technopreneurship initiative aimed at scaling green innovation and supporting climate technology businesses across Southeast Asia. Funded by the Green Climate Fund and led by the Global Green Growth Institute, the programme will provide incubation, acceleration, and technical support to climate-focused startups while facilitating partnerships and investment readiness. A $200 mln Climate Technopreneurship Fund will channel capital into high-potential climate enterprises across Cambodia, Indonesia, Laos, the Philippines, and Vietnam. The initiative, running through 2030, aims to support 185 climate tech businesses across five countries, while promoting women-led firms, and is expected to avoid 1.63 MtCO2e in emissions.

Several leading companies in China's power sector have formed an industry alliance to develop an offset methodology for nuclear projects under the country's national voluntary CCER programme.

Moving early - Malaysia’s state energy firm Petronas is aiming to bring forward the first CO2 injection at its Kasawari carbon capture and storage (CCS) project offshore Sarawak to as early as 2027, accelerating its earlier timeline of 2029-30, Bernama reported. The move is part of efforts to reduce emissions from the gas field, which began production in 2024 and is expected to capture around 3.3 MtCO2e annually for storage. The project – set to be one of the world’s largest offshore CCS developments – highlights the need for stronger policy and regulatory clarity, including the proposed CCUS Bill 2025, as well as potential bilateral agreements with countries including Singapore and Japan to enable cross-border carbon transport and storage, the state media outlet added.

Early deals - Indonesia’s national oil and gas firm Pertamina group has signed a series of preliminary agreements with partners including POSCO, ExxonMobil, and SK Group to explore carbon capture, hydrogen, and broader low-carbon technologies, Ecobiz Asia reported. State upstream unit PHE is advancing plans for cross-border CCS projects and a potential domestic storage hub. Separately, Pertamina and POSCO will study CCS, CCUS, blue hydrogen, and ammonia, alongside carbon market potential. The non-binding deals focus on technical studies, business models, and regulatory frameworks.

CCUS push - India has proposed a variety of carbon capture and utilisation projects spanning oil recovery, refinery integration, and cement-sector applications, with a concentration in the states of Assam, Gujarat, Odisha, and Rajasthan, according to a government statement. Proposals include multiple CO2 enhanced oil recovery projects by Oil India and ONGC, refinery-based conversion projects by Indian Oil, and cement-linked mineralisation and capture pilots. India earmarked $2.2 bln for CCUS under its latest budget earlier this year.