A global industrial decarbonisation equipment company announced the appointment of a new CEO in conjunction with its $27 million Series B raise on Tuesday.

Pump pain, poll games – California's gubernatorial candidates took contrasting positions on the state's environmental programmes amid growing affordability concerns in individual CBS News interviews. Steve Hilton (R) called for repealing the Low Carbon Fuel Standard (LCFS) and restructuring how the cap-and-invest programme is levied, arguing he planned to achieve $3/gal gasoline prices through regulatory changes alone and without legislative support. Chad Bianco (R), sheriff of Riverside County, similarly blamed environmental regulations for high fuel costs, and said he would immediately cut rules which are driving up prices. US Representative Eric Swalwell (D) said he supported maintaining the state's environmental leadership while pursuing an all-of-the-above energy approach, with affordability central. An Evitarus poll sponsored by the California Democratic Party, conducted Mar. 31-Apr. 5, and released Tuesday – a day after US President Donald Trump (R) endorsed Hilton – showed the two Republican candidates tied at 14%, followed by Swalwell at 12%, and businessman Tom Steyer (D) at 11%, and 24% undecided. Just over half of respondents said California was on the wrong track. A separate KStrat poll showed Hilton leading at 19%, followed by Swalwell and Steyer at 13% each, although 20% remained unsure. In addition, 58% of those polled said the state is heading in the wrong direction. The June 2 all-party primary also includes Democrats Xavier Becerra, Katie Porter, Antonio Villaraigosa, Tony Thurmond, Matt Mahan, and Betty Yee. The top two finishers will advance to the Nov. 3 general election.

Data centre block loading – Maine is on track to become the first state to ban the construction of data centres, according to a report by Axios. The outlet reported the bill is expected to pass the Senate and be signed by Gov. Janet Mills (D). It’s one of at least 11 states that have proposed legislation to restrict data centre development since late 2025. Sen. Bernie Sanders (D) and Rep. Alexandria Ocasio-Cortez (D) have also proposed federal legislation.

The US Gulf Coast, West Texas, Oklahoma, and Midwest consistently demonstrate high suitability for natural gas with carbon, capture, and storage (CCS), according to an environmental policy non-profit.

Carbon market analysts offered broadly positive outlooks on the formalisation of planned updates to the California cap-and-invest programme via the Initial Statement of Reasons (ISOR) but said they expected linkage with Washington to occur in 2028 at the earliest during a workshop hosted last week by Carbon Pulse.

Project finance – Brazil’s national development bank (BNDES) announced on Tuesday that it has disbursed R$21 mln ($4 mln) to restore 900 ha in the Irati National Forest. The funds will be allocated to sustainable management and ecological restoration activities, including the gradual removal of exotic species and their replacement with native species linked to the Atlantic Forest biome. This initial disbursement for the Irati National Forest project, led by the group Ibema Participacoes, was made possible through a partnership with BTG Pactual and Safra. The amount forms part of a R$110 mln financing package approved and announced during COP30 in Belem for BNDES’s first concession in the Atlantic Forest.

Plug-in power - Maine’s governor, Janet Mills (D), on Monday signed into law LD 1730, legislation that would allow residents to use small plug-in solar and battery devices to offset electricity use, making it the third US state to adopt such measures after Utah and Virginia. The bill permits retail customers to install a single system of up to 1200W that can connect to standard outlets if compliant with National Electrical Code and UL safety standards, including emerging UL 3700 guidelines. It prohibits utilities from requiring interconnection agreements or fees, while introducing two system classes: devices above 420W must be installed by a licensed electrician and reported to utilities; whereas smaller systems can be self-installed without notification.

Q1 stats - Nodal Exchange announced on Tuesday that trades in carbon allowance futures across WCI, RGGI, and Washington markets increased 70% year-on-year (YoY) in Q1 to roughly 63,100 lots. Open interest was also up 3% to around just over 53,000 lots. Nodal announced at the end of last month its launch of cash-settled California Carbon Allowance (CCA) futures contracts.

Supercomputer standoff - The non-profit University Corporation for Atmospheric Research (UCAR) has filed a motion in federal court seeking to block the Trump administration’s plans to dismantle the National Center for Atmospheric Research (NCAR), including transferring its Wyoming-based supercomputing facility to a new operator, E&E News reported. The preliminary injunction request, filed in the US District Court for the District of Colorado, is part of an ongoing lawsuit launched on Mar. 16 alleging the administration is attempting to break up NCAR in retaliation against Colorado Gov. Jared Polis (D), who has resisted federal pressure related to a separate election-related case. The dispute follows a Dec. 2025 announcement from the White House Office of Management and Budget outlining plans to restructure NCAR, along with a January solicitation from the National Science Foundation seeking input on the institution’s future and a subsequent February notice indicating its intent to change management of the supercomputing centre.

Climate case continues - A US federal judge has allowed a lawsuit against a Swiss-based insurance company to proceed, rejecting the firm’s attempt to dismiss claims brought by advocacy group As You Sow over the exclusion of a climate-related shareholder proposal from its 2026 annual meeting, E&E News reported. In a ruling last week, Judge Sparkle Sooknanan of the US District Court for the District of Columbia said the case could continue despite expressing doubts about the strength of the plaintiff’s arguments, stating the group had “not met its burden” to show it would likely succeed. The judge also denied a request for a preliminary injunction that would have required the company to include the proposal – seeking a third-party study on the benefits of suing companies responsible for climate change – on the shareholder ballot, but declined to dismiss the case at an early stage.

The Paris Agreement’s goal of limiting global average temperature rise to 1.5C above preindustrial levels is no longer plausible, a new report has said.

International climate finance commitments risk displacing development aid and continue to favour mitigation over adaptation, raising concerns about the effectiveness of a new global funding goal, according to a recently-published study.

As EU policymakers decide what counts under the CBAM as an effective carbon price paid abroad, a special case – jurisdictions that allow carbon taxes to be offset with voluntary carbon credits – raises questions about which carbon prices follow in the spirit of the regulation.

The past month in climate litigation saw courts across multiple jurisdictions weigh greenwashing allegations and reject liability claims against major emitters, though one legal researcher said a landmark ruling in a decade-old case against a German utility has cracked the door open for more to come.

One of Latin America's largest clean cookstove projects recently received an AA rating and is now aiming to be eligible for the international aviation offsetting scheme (CORSIA).

The price of CORSIA eligible credits rose to their highest level since February last week, despite experts warning a prolonged Middle East war may have downside risks for demand.

A Calgary-based carbon offset provider is partnering with a Swiss GHG accounting and sustainability advisory firm to expand its offerings.

The Q2 RGGI carbon auction will offer a slightly higher number of allowances than the first sale of the year, as well as the most since 2023, according to a notice published Tuesday.

Canada's electric shift – Parcel and freight carrier GLS Canada and Orange EV, a Kansas-based manufacturer of electric terminal trucks, have deployed electric yard trucks across Montreal, Toronto, and Winnipeg to support the decarbonisation of logistics operations, it was announced on Monday. The companies said the rollout of Orange EV’s HUSK-e terminal trucks marks one of the first such deployments by a major parcel and freight carrier in Canada. Each vehicle is expected to eliminate 80-90 tonnes of CO2 annually.. The move forms part of GLS Canada’s broader emissions reduction strategy aligned with Science Based Targets initiative (SBTi) goals.

The US oil blockade of Cuba has exacerbated the country's energy security problem, while also accelerating a shift to renewables, which has included a push to develop carbon markets, according to experts.

Biochar credit prices are diverging, with industrial projects priced higher than artisanal alternatives, reflecting differences in monitoring, durability, and delivery risk, according to a new analysis.

A US-based forest carbon project developer said on Tuesday it had been issued more than 95,000 carbon credits carrying Verra’s carbon removals tag, marking the first issuance from a US-based IFM project using the registry’s new tool.

A US-based aerospace company has agreed to purchase at least 40,000 soil-based carbon removal (CDR) credits from a Texas-based developer under a multi-year offtake deal, the companies announced last week.

Carbon accounting for finance – The Partnership for Carbon Accounting Financials (PCAF), a global initiative of financial institutions, reported rapid expansion in 2025, with 151 new signatories taking its membership to 719 institutions managing nearly $100 trillion in assets across more than 85 countries. The initiative updated its global Scope 3 Category 15 standard, expanded technical assistance and database tools, and integrated the CEDA dataset to support more granular financed emissions accounting. Accredited partners rose from 8 to 31 worldwide, PCAF launched an India chapter and a new Engagement Group for central banks and regulators, and now receives 84% of its $7.1 million revenue from signatory fees.

Population ageing is likely to drive an increase in household carbon emissions through shifting consumption patterns and expanded demand for energy-intensive services, according to new research based on Chinese household data.

Financial players reversed their RGGI Allowance (RGA) net short position for the first time this year, while trimming their California Carbon Allowance (CCA) net length, according to latest data from the US Commodity Futures Trading Commission (CFTC).