A clean cooking company looking to generate carbon credits has entered into the Zambian market, in what it hopes will mark a new push to expand access to modern, affordable cooking solutions for households across the country.

A total of 12 startups were selected for the second cohort of the Africa Carbon Removal Accelerator (ACRA), amid a surge in innovation in carbon removal (CDR) across Sub-Saharan Africa.

Afforestation, reforestation, and revegetation (ARR) projects have been enjoying a spell of popularity with experts suggesting demand for nature-based removal credits will likely climb higher, but, amid this week's uncertainty over Microsoft's future as a major buyer in the carbon removal (CDR) sector, it remains to be seen whether such predictions hold true.

The European Parliament's lead negotiator on the proposal to extend the EU Carbon Border Adjustment Mechanism (CBAM) proposes to delete both the temporary suspension mechanism and the reference to recognition of international carbon credits, in a draft position released on Tuesday.

Big package - Copenhagen Infrastructure Partners-backed Elgin has closed a £500 mln debt package to fund construction of up to 1 GW of solar and battery storage projects in the UK over the next three years. The five banks that provided the financing, NatWest, BNP Paribas, Standard Chartered, Siemens Financial Services, and Societe Generale, told PeakLoad, a news outlet, previously about possible financing last year.

The EU’s criteria for accepting international carbon credits are too stringent and risk “overcorrecting” mistakes made in the past decade with units issued under the Kyoto Protocol’s Clean Development Mechanism (CDM), experts have warned.

EU climate advisory board – The European Scientific Advisory Board on Climate Change has re-elected Professor Ottmar Edenhofer as Chair for its 2026-30 mandate, with Professors Laura Diaz Anadon and Suraje Dessai as Vice-Chairs. The renewed leadership follows the launch of the Board’s second term on Mar. 24, 2026 and will steer independent scientific advice supporting the EU’s climate objectives amid “growing economic and geopolitical pressures”, Edenhofer said. Diaz Anadon flagged defining the 2026 work programme as an immediate priority, while Dessai underlined the Board’s “multidisciplinary expertise” in mitigation and adaptation. The 15-member body was created under the European Climate Law in 2021.

The average cost of engineered carbon removals today can cover the carbon footprint of many consumer products, and most shoppers appear willing to pay a premium for lower- or zero‑carbon options, speakers said at an industry event.

Turkiye has set out its plan for the COP31 climate summit, pledging to prioritise "concrete" outcomes and stronger international cooperation as global climate challenges intensify.

European carbon prices rose to their highest in two months on Tuesday, crossing above a key technical resistance level and continuing the recent trend of moving in the opposite direction to energy markets, as the United States and Iran were said to be considering another round of peace talks even while the US began its own blockade of the Strait of Hormuz.

Global carbon market coverage and revenues climbed to fresh highs last year as emissions trading systems (ETSs) continued to spread and deepen across major economies, according to the 2026 status report from the International Carbon Action Partnership (ICAP).

A Sweden-headquartered eco-friendly burger chain has delved into buying domestic biochar credits for the first time as it seeks to diversify away from tree planting to meet its climate positive targets.

A shift towards issuing carbon credits only after verified outcomes is needed for forest offset markets, said a study released this week as an early access paper.

The European Court of Auditors has warned of several weaknesses in the design of the proposed temporary decarbonisation fund set up to compensate exporters of goods covered by the EU’s Carbon Border Adjustment Mechanism (CBAM).

Back to British - BP’s new chief executive, Meg O’Neill, has told staff she plans to simplify the company into two main business units, returning the UK oil major to how it was structured before it tried to transform itself into a green energy group in 2020, according to the Financial Times. O’Neill said BP would be reorganised into a business focused on oil and gas production and another covering refining, distribution, and retail, although she did not set out a timeline for the changes. The company’s trading arm, which delivered an “exceptional” performance in the first quarter, will sit outside the new structure and continue to report to deputy chief executive Carol Howle. In Feb. 2025, former chief executive Murray Auchincloss announced he was refocusing the company's strategy on oil and gas investment after profits and share prices lagged behind rivals. This came just five years after Auchincloss's predecessor, Bernard Looney, promised to shrink the company’s oil production to about mln bpd and make BP a net zero energy company by 2050. But the oil and gas major now also faces opposition from a sector of shareholders, such as the Australasian Centre for Corporate Responsibility (ACCR), which question whether fossil fuel investment will deliver value.

IETA has announced the appointment of a new EU policy director, following the departure of a long-serving predecessor who left the role in March.

Most of Asia’s carbon pricing systems will not approach the EU's Carbon Border Adjustment Mechanism (CBAM) price levels of around €75 per tonne, experts said Tuesday.

Microsoft will continue to support its existing portfolio of carbon removal projects, the company said Tuesday, which could mean an expansion of its credit buying in future, as the firm sought to clarify speculation that its procurement programme had been shut down.

Demand for offsets from Russian companies has increased since the start of 2025, with both the number of unique buyers and the volume of retirements from Russian entities in the voluntary carbon market higher - analysis from a data firm shows.

Participants in the voluntary carbon market (VCM) have floated the idea of creating a body that resembles a European Central Bank, currently being discussed by some in Brussels, to classify CO2 credits into different asset classes according to their environmental integrity, saying this could boost transparency and scale up demand.

A new carbon crediting framework aimed at cutting methane emissions from rice farming has been released for public consultation.

A leaked document from Europe’s car industry lobby in March may spark controversy over the future of the EU’s climate targets for transport, with campaigners now warning their proposals could cost the bloc tens of billions in additional oil imports.

A new analysis has warned that the world is experiencing a “twin fossil shock” that could reshape the global energy system more profoundly than the oil crises of the 1970s - while simultaneously speeding up the transition away from fossil fuels.

UN agency ICAO has reaffirmed that the CORSIA aviation offsetting scheme remains the "only global market-based measure" to address the sector's international climate impact and that countries and other organisations must stop exploring additional aviation-related taxes.

Public consultation - Swiss standard Carbon Standards International (CSI) has opened a public consultation on amendments to its Global Artisan C-Sink Standard, it said on social media. The proposed changes include a new standardised method for assessing biochar dry matter to improve carbon content estimates and sequestration metrics, with feedback due by May 9. The organisation will host a webinar on the proposed changes on Apr. 30 at 13:00 CET.

Czech populist Prime Minister Andrej Babis has urged the European Commission to quickly loosen the EU Emissions Trading System (EU ETS) by granting extra free allowances to energy‑intensive sectors hit by soaring power and gas prices.

Koko Networks Rwanda enters insolvency - Clean cooking firm Koko’s Rwandan subsidiary Koko Networks Rwanda has initiated insolvency proceedings and applied for reorganisation through the Commercial Court. A provisional administrator was appointed effective Apr. 2, with creditors asked to submit claims by Apr. 15 ahead of a first meeting on Apr. 16 in Kigali, a public notice said.

Crunched - Asian LNG imports have fallen to their lowest level in nearly six years as conflict in the Middle East disrupts supply and forces buyers to curb demand, Bloomberg reported. Ship-tracking data show the 30-day average of net shipments dropped below 600,000 tonnes, the weakest since June 2020 during the pandemic. Pakistan has not received LNG cargoes since early March, while imports to China and India have dropped sharply. Major buyers including Japan and South Korea are also seeing reduced inflows, with some switching to coal and cutting gas-fired power output to manage the crunch.