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- Sun 23:01Ten of the world's largest public reporting shipping companies avoided paying $4.3 billion in additional taxes in 2024 due to the sector's privileged tax regime – enough to cover more than 30% of the annual carbon pricing proposed for the sector, according to a non-profit.
- Sun 21:00Long-awaited legislative reforms to Australia’s carbon market will not be interrupted by the ongoing energy crisis, as the government looks to better integrate the scheme with other policies, according to Assistant Minister Josh Wilson.
Gettin' Ziggo with it - Dutch telecom VodafoneZiggo has partnered with Danish carbon removal specialist Klimate to source a portfolio of CDR credits, as part of its plan to reach net zero emissions by 2030. Under the agreement, VodafoneZiggo aims to cut operational emissions by 90% from a 2018 baseline, with the remaining 10% to be neutralised through carbon removal. The company plans to scale its use of CDR credits from around 1% of emissions currently to 10% over the next five years, reflecting expectations of rising demand for removals as climate targets tighten. Klimate will curate a portfolio of projects spanning nature-based and engineered removals, with an emphasis on quality and long-term carbon storage. Initial investments include reforestation and land restoration through the EthioTrees project, as well as biochar production via Carboneers, which converts agricultural waste into stable carbon stored in soils. The deal underscores growing corporate interest in securing early access to high-quality CDR supply, in a market that remains nascent but is expected to expand rapidly as companies move to address residual emissions on the path to net zero.
- Sat 02:06Pleasant news for pulp - British Columbia Premier David Eby on Friday said the province will ease industrial carbon pricing for pulp mills to support a struggling forestry sector, arguing current costs are unfair for emissions that are difficult to reduce. BC axed its consumer carbon tax last year, but kept industrial carbon pricing, a mechanism by which companies must pay for the pollution they release into the atmosphere. The move comes amid mill closures, job losses, and broader industry pressures, including US tariffs, limited timber supply, and regulatory delays. While Eby acknowledged the need to streamline permitting, opposition figures and stakeholders pointed to deeper structural issues, including long-term over-harvesting and policy shortcomings, as underlying causes of the sector’s decline.
- Sat 01:57The US EPA announced on Friday the issuance of the first Class VI permit for carbon capture and storage (CCS) in the state of Kansas.
- Sat 01:49Microsoft has suspended its carbon removal (CDR) buying programme, according to several sources, in a move that threatens to upend a nascent but fragile market heavily reliant on the tech giant’s demand.
- Sat 01:08Illinois drilled - The US EPA has issued a permit for Marquis Carbon Injection LLC to inject and store up to 1.5 MtCO2 per year at a proposed well in Putnam County, Illinois, with total storage capped at 9 mln tonnes over six years. The storage formation sits between 3,094-4,854 feet (942-1,479 metres) below the surface, sealed by an approximately 400-foot-thick confining zone of impermeable shale and carbonates. Marquis will be required to monitor the well during injection and for 12 years afterward to ensure stored CO2 remains within the injection zone and does not endanger underground drinking water sources, under oversight from EPA Region 5. The permit was issued under the Safe Drinking Water Act following a technical review and public engagement process.
- Sat 00:51Bundle up - Tech-enabled logistics company Wayfindr has suspended its voluntary carbon offsetting programme while it overhauls its emissions tracking platform, temporarily removing demand from the VCM. The company said it has offset 100% of its logistics emissions since 2021 but is pausing the programme to prioritise development of Bundle 2.0, an upgraded platform it said will provide shipment-level emissions visibility and give clients the choice to offset fully, partially, or not at all. The relaunch is expected in late 2026 or 2027.
- Sat 00:08Subnational shift – The International Institute for Sustainable Development (IISD) published a report this week examining the role of subnational governments in the transition away from fossil fuel production. The authors outlined a policy toolkit for subnational states and regions, and recommended diversifying local economies, reducing GHG emissions from existing fossil fuel operations, and developing time-bound, sequenced, and financed transition roadmaps. The report also called for stronger multilevel policy alignment, increased international cooperation, and peer learning among jurisdictions.
- Sat 00:06Dirt rich - Ukrainian grain producer Kernel has entered the international audit phase of a Verra-certified soil carbon sequestration project covering 15,000 hectares in the Chernihiv region, with issuance of Verified Carbon Standard (VCS) credits contingent on successful verification expected within a year. The company is partnering with carbon project developer Sentinel Earth, is applying variable-rate fertiliser application, biological inputs, and cover crops across the pilot area, with project data feeding into programmes run by the European Bank for Reconstruction and Development (EBRD), the Food and Agriculture Organization of the United Nations (FAO), and NASA Harvest. The company said scaling the project follows verification, positioning it as a potential supplier to corporate buyers seeking to offset emissions.
- Fri 23:59
Fill 'er up... never - The US-Iran conflict has turbocharged global EV adoption, with SNE Research now projecting EVs will exceed half of new car sales by 2030 - ahead of its prior forecast by 9 pct, pts - as fuel price spikes reshape consumer economics. The firm revised its 2026 penetration estimate to 29% from 27%, with 2027 now seen hitting 35% versus an earlier 30%. Separately, SNE data showed non-China global EV deliveries reached 1.1 mln units in Jan.-Feb. 2026, up 18.4% YoY, though regional trends diverged sharply: Europe and Asia (excluding China) maintained growth while North America posted a double-digit decline following the expiration of US Inflation Reduction Act (IRA) federal EV tax credits. By automaker group, Volkswagen led non-China deliveries with 173,000 units, followed by BYD with 117,000, and Tesla, which slipped to third after a 1.1% decline to 113,000 units. BYD posted 80.5% growth in Asia and 104.1% in Europe during the two months, while Tesla dropped 13.1% in North America and 6.6% in Europe, per SNE. On batteries, CATL expanded its global market share to 42.1% from 38.7% in the first two months of 2026, while South Korean rivals LG Energy Solution, SK On, and Samsung SDI saw their combined share fall 2.2 pct. pts to 15%.
- Fri 23:59Managed money extended its net long RGGI allowance (RGA) position as the benchmark contract settled above $30 for the first time on ICE, while trimming California Carbon Allowance (CCA) holdings during the Apr. 1-7 CFTC period.
- Fri 23:53Maritime decarbonises – Brazilian mining company Vale and Chinese Shandong Shipping Corporation have signed an agreement for a new fleet of ethanol-powered Guaibamax vessels — large bulk carriers designed to transport iron ore — with deliveries set to begin in 2029, the companies said in a press release. According to the firms, this marks the first use of ethanol as the primary fuel for an ocean-going vessel in the maritime sector. The project could cut carbon emissions by around 90% compared to conventional heavy fuel oil used in shipping, and aligns with ongoing discussions at the International Maritime Organization (IMO).
- Fri 23:46A worsening global energy shock triggered by the Middle East war is reinforcing calls to accelerate a managed fossil fuel phaseout, with more than 50 countries set to use the upcoming Santa Marta conference as an implementation-focused platform.
- Fri 23:28California’s power sector emissions rose year-on-year (YoY) in February, reversing the previous month’s decline as changes in the generation mix altered the state’s overall emissions output.
- Fri 21:47A group of bipartisan state legislators asked the California air regulator ARB to change its proposed update to the Cap-and-Invest programme ahead of the planned vote in May.
- Fri 20:31French Prime Minister Sebastien Lecornu announced Friday that public support for the energy transition will nearly double, rising to €10 billion per year by 2030 from around €5.5 bln today, along with a ban on the installation of new gas boilers as of next year.
- Fri 20:22Another one bites the dust - A panel of the 9th US Circuit Court of Appeals on Thursday rejected a youth-led climate lawsuit against the EPA, ruling that the plaintiffs lacked standing because they failed to link their alleged climate harms to the agency’s policies, E&E News reported. The case, Genesis B. v. EPA, brought by 18 young activists in Dec. 2023, argued that the EPA discriminated against children by undervaluing the future benefits of reducing planet-warming pollution. Upholding a lower court decision, the three-judge panel said the plaintiffs’ claims did not meet constitutional requirements for bringing the suit. Judge Milan Smith wrote that their legal theories had fundamental flaws. The lawsuit had alleged the EPA failed to maintain pollution levels that protect children, who are more vulnerable to climate impacts, but the court found the connection between those claims and specific agency actions insufficient.
- Fri 20:13Allowing some forms of “double claiming” in the voluntary carbon market (VCM) could help channel corporate finance to underfunded municipal climate projects, a newly published paper argued.
- Fri 19:56Summit switches up - Summit Carbon Solutions has shifted its proposed Midwest CO2 pipeline from a climate-focused carbon sequestration project to one supporting fossil fuel production through enhanced oil recovery (EOR), reflecting changing political and market conditions under President Donald Trump’s energy policies. The project, initially promoted as a way to reduce emissions and support low-carbon fuels, has faced permitting delays and legal challenges across several Midwestern states, while federal tax incentives have been revised to equally support CO2 use in EOR and permanent storage. The company has updated its public messaging to align with a broader push for energy dominance, removing references to climate change and positioning the pipeline as a supply source for major US oil and gas basins. (Inside Climate News)
- Kernel audit - Ukrainian agribusiness Kernel has begun an international audit of a 15,000-hectare soil carbon project in the country under Verra’s Verified Carbon Standard, with Sentinel Earth as a partner and data contributions supporting initiatives by the EBRD, FAO, and NASA Harvest. The project applies practices such as variable-rate fertilisation, biological inputs, and cover crops to reduce emissions and enhance soil carbon sequestration, with results now undergoing independent verification for conversion into carbon credits. If successful, Kernel said the initiative could generate credits priced at roughly $15-30 per tonne, support farm income and soil restoration in war-affected areas, and be scaled further, with potential demand from major corporates seeking offsets.
- Fri 19:48Verified emissions reported from installations, aircraft, and maritime operators covered by the EU ETS fell by 1.3% year-on-year (YoY) in 2025, the European Commission confirmed Friday.
- Fri 18:58eFuel founding - The launch of eFuels SEA, a new platform dedicated to advancing electrofuel projects throughout Southeast Asia, was announced Friday. The company will utilise Infinium's ultra-low carbon eFuels technology to develop and deploy commercial-scale production facilities across the region. With headquarters in Singapore, the new company intends to developer eFuel production facilities that convert captured CO2 and renewable power into drop-in sustainable aviation fuel (eSAF) and other ultra low-carbon products.
- Fri 18:24Next phase – Hempalta Corp. said on Friday that shareholders overwhelmingly approved a corporate rebrand and other measures at its annual meeting, including plans to rename the company and consolidate shares. The Calgary-based company said more than 99% of votes cast supported changing its name to Next Phase Ventures Ltd., alongside backing for board appointments, a stock option plan, and auditor approval. It added the timing and basis of any share consolidation will be determined later by the board, likely tied to a future transaction or financing, and subject to regulatory and market conditions. Hempalta is also continuing to seek subscriptions under its existing private placement and is evaluating a strategic shift towards consumer retail and e-commerce, while maintaining its hemp and carbon-focused business lines.
- Fri 17:21EU carbon prices rose for a third week despite a day-long decline on Friday as traders reduced risk ahead of the weekend, amid a noticeable improvement in bullish sentiment and a slightly calmer atmosphere in Iran as the ceasefire appeared to be holding, though energy prices were mixed, reflecting fluctuating expectations that the Strait of Hormuz will be fully reopened.
- The carbon removal (CDR) sector saw smaller buyers take a larger share of the overall market in the first quarter of 2026, as the nascent industry looks to diversify demand away from large tech firms.
- Fri 16:31Renewable energy generation concessions being considered by Tunisia’s parliament won't be profitable without carbon finance, and must therefore occur within a carbon crediting and benefit-sharing framework, the country’s environment minister said this week according to local media.
- Fri 16:25The European Parliament is gearing up for talks over a new “Temporary Decarbonisation Fund” that would channel revenues from the EU’s Carbon Border Adjustment Mechanism (CBAM) back to EU exporters while tightening climate conditionality, according to a draft report put forward this week by French lawmaker Pascal Canfin.
- Fri 15:30The Nigerian government has announced an intention to mobilise $1 billion from public and private sources, including carbon markets, to tackle deforestation and livelihood losses.
- Fri 14:06Dwindling supplies - European airlines are at risk of 'systemic' shortages of jet fuel if the Strait of Hormuz doesn't fully re-open within three weeks, said airport trade body ACI Europe. In a letter sent to EU transport commissioner Apostolos Tzitzikostas, it warned that jet fuel supplies were running low, and that military activity was further straining supplies, and called for proactive EU monitoring and action to manage the situation. The approaching European summer season that relies on air travel to support tourism adds to these concerns, with suppliers unable to guarantee deliveries into May. Airlines such as Delta Airlines and Air New Zealand have begun cutting services as higher jet fuel prices have made some routes unprofitable. Benchmark north-west European prices for jet fuel closed at $1,573/t on Thursday, up from about $750/t before the Iran war, according to Argus Media. About 40% of global jet fuel transits through the Strait of Hormuz. (FT)
- Fri 13:38Renewed interest - Industrial companies in Germany are showing renewed interest in expanding investments in solar, electrification, and energy efficiency in response to rising fossil fuel prices due to the Iran war, business daily Handelsblatt reported. Energy management startup Encentive has seen many companies now pursuing energy projects they had put on hold after gas prices fell following Russia's initial invasion of Ukraine in 2022. E.ON said Mar. 2026 was the strongest month for solar PV demand from both private and business customers since 2023, and that medium-sized companies especially want to benefit from higher market volatility. Law Firm Ritter Gent has seen growing interest from industrials seeking to procure renewable electricity supply, and Schneider Electric and chemicals company Covestro shared similar observations. However, think tank Agora Industrie cautioned that true independence from fossil fuels calls for large investments in entirely new facilities at many large companies, requiring targeted financing and public funding offers to help them make the switch.
- Fri 13:06Trading on Indonesia’s carbon exchange rebounded in March after February saw a sharp slump, driven by a rise in credit retirements, bourse data showed Friday.
- Fri 13:03First production of new hydrogen-powered portable cookers that aim to generate voluntary carbon credits and promise zero CO2 emissions is due to begin in the third or fourth quarter of this year, the developer confirmed on Friday.
- Reforms to the EU ETS that ease prices in the cap-and-trade compliance carbon market would reduce the incentive to scale engineered CO2 removal technologies, according to experts, though complementary financing measures will also be essential to meet the bloc's negative emissions goals.
- Fri 12:21Brussels backs windfall tax - The European Commission's economy chief Valdis Dombrovskis told the European Parliament that they can go ahead and introduce a windfall tax on energy companies profiting from skyrocketing fuel prices. Dombrovskis also said the executive is looking into whether there could be a more coordinated approach at EU level. Austria, Germany, Italy, Portugal, and Spain issued a letter on Apr. 3 calling on Brussels to ensure unexpected profits stemming from the Middle East crisis are distributed fairly. (Politico)
- The International Organisation for Standardisation (ISO) switched up its geological CO2 storage standard last month, perhaps opening a window for the carbon capture, usage, and sequestration (CCUS) sector amid US environmental rollbacks, a law firm has said.
- Fri 11:57Liquidity in China's national emissions market remained relatively low over the past week, as the lack of policy clarity on the current compliance cycle continues to drain demand.
- Fri 11:11Russian gas comeback – EU member states paid an estimated €2.88 billion for liquefied natural gas (LNG) from Russia’s Yamal Arctic project in the first quarter of 2026, according to Urgewald’s analysis of Kpler data. The bloc imported 69 cargoes totalling 5.07 million tonnes, accounting for 97% of Yamal’s global deliveries, with main destinations including Zeebrugge, Montoir, Dunkerque, Bilbao and Rotterdam. March alone generated €1.33 bln as TTF prices spiked following the attack on Iran and closure of the Strait of Hormuz, creating a “windfall for the Kremlin".
- Fri 11:08Several EU member states have urged caution over recognising international carbon credits as a “carbon price paid” in talks on extending the EU’s Carbon Border Adjustment Mechanism (CBAM), responding to a draft text that will form the basis of their joint negotiating position.
- Fri 09:52A major supplier in the global tech supply chain has tapped into nature-based carbon, starting with a mangrove restoration project in Vietnam.
- Fri 09:51An Australian miner of iron-ore is fast-tracking what it called a city-scale renewable energy grid to run its iron ore operations without fossil fuels, targeting full elimination of diesel and other fuels by 2028.
- Fri 06:42Still rising - India is targeting a roughly 25% cut in steel sector emissions over the next decade under a draft “National Steel Policy 2025”, while planning to more than double output, according to Reuters. The policy aims to reduce emissions intensity to 2 tCO₂ per tonne of finished steel by 2035-36, from current levels of about 2.65 tonnes, which are already significantly above the global average. Steel accounts for 10-12% of India’s total emissions. Measures will include boosting gas-based production, increasing scrap use, and securing overseas gas supplies, alongside incentives for emissions cuts, like the country's upcoming emissions trading scheme. India also plans to expand crude steel capacity to 400 Mt by 2035-36, up from around 168 Mt currently, which is expected to raise overall emissions even as intensity declines. The strategy could also have come in part amid pressure from the EU’s carbon border tariff.
- Fri 06:42Barriers - Bangladesh’s fuel shortages and resulting long queues at petrol stations are pushing consumers towards electric vehicles, but high costs and weak charging infrastructure continue to slow adoption, Climate Home News reported. Sales of e-bikes and three-wheelers have risen amid the crisis, with dealers reporting stronger demand in Dhaka. However, EVs still account for less than 1% of new vehicle sales, lagging even regional peers due to limited policy support and infrastructure gaps. Consumers in the report cited range limitations, long charging times, and high upfront costs as barriers.
- Fri 06:42Bye diesel - Indonesia plans to shut 13 diesel-fired power plants as part of a broader push to cut fuel imports and accelerate its energy transition, EcoBiz Asia reported, citing President Prabowo Subianto. The closures target facilities operated by state utility PLN and are expected to reduce diesel imports by up to 200,000 barrels per day, around a fifth of current levels. The move forms part of a wider strategy to transition from fossil fuels, with the Southeast Asian country targetting 100 GW of renewable energy. The diesel plant shutdowns are also seen as important to achieving energy security, the president added.
- Fri 06:09A Malaysian oil and gas company has joined a carbon offsetting programme run by Shell to balance emissions linked to its fuel operations, it said this week.
- Fri 04:35Verified emissions reported from stationary installations covered by the EU ETS fell by approximately 1.5% year-on-year (YoY) in 2025, according to multiple analysts' calculations of data published on the system registry Thursday.
- Fri 03:15The Sultanate of Oman has become the 32nd country to establish a partnership with Japan under the Joint Crediting Mechanism (JCM).
- Fri 02:42MMA MRV meeting - Brazil's environmental ministry (MMA) held the fourth meeting of its Technical Working Group on Measurement, Reporting, and Verification (GTT MRV) of the National Commission for REDD+ (CONAREDD+) recently. The group initiated discussions on methodologies for certifying forest carbon credits under Brazil's future ETS (Portuguese: SBCE). Divided into subgroups, participants debated aspects such as the scope of methodologies, definition of forest, baselines, quantification of emissions, risks, and monitoring systems within the context of national REDD+ mechanisms and jurisdictional programmes.
- Fri 02:38Building bill backlash - California homebuilders are opposing a bill introduced by state Sen. Eloise Reyes (D) that would require local land-use decisions to align with emissions reduction plans targeting air quality improvements in disadvantaged communities, setting up a broader conflict over housing and environmental policy, E&E News reported. The California Building Industry Association (CBIA) on Tuesday added SB 1075 to its annual list of 'housing killers', arguing the measure could constrain development, while Reyes simultaneously announced significant amendments to the proposal, which was initially introduced in February with placeholder language. The bill seeks to strengthen enforcement of a 2017 state law requiring local air districts to implement emissions reduction programmes and monitor pollution in disadvantaged areas, with the dispute highlighting ongoing tensions in California over balancing housing supply expansion with stricter environmental and air quality standards.
- Fri 01:27Verra has released updated guidance for projects seeking to apply Article 6 and/or UN aviation offsetting scheme CORSIA labels to carbon credits generated under its Verified Carbon Standard (VCS) Programme, it announced Thursday.
- Fri 01:00Europe risks falling behind in next-generation geothermal energy unless policymakers act more decisively, a coalition of nearly 70 businesses, investors, think tanks, and civil society groups said in an open letter published Friday.
