RGGI Allowance (RGA) futures remained in the upper $40s ahead of next week's Q2 auction after a late spike on Tuesday while a quarterly market monitoring report showed compliance-oriented entities holding allowances in excess of their outstanding obligations at the end of Q1.

Maryland biochar - Maryland Gov. Wes Moore (D) has approved Senate Bill 625 (SB 625), requiring the state’s Environment Department to develop and adopt carbon capture, removal, and storage regulations in consultation with its Agriculture Department. The regulations would apply to biochar and wood vault technologies.

Transition trouble - A new analysis of 400 major financial institutions found that climate transition planning is becoming more common, but financing for low-carbon activities and fossil fuel phase-out commitments remain limited, with just over a third of institutions assessed having transition plans that address at least some financial activities. The World Benchmarking Alliance analysis found that only 26% of institutions provide clarity on the share of financed activity allocated to low-carbon solutions, unchanged from its 2025 assessment, while low-carbon activities accounted for an average 2.7% of total financed activity across the group. It also found that only two companies, ING and Zurcher Kantonalbank, had robust restrictions covering coal, oil, and gas, including commitments to phase out existing exposure and stop new financing flows, raising questions about the credibility of most transition plans without stronger fossil fuel exit policies.

Artificial intelligence (AI) tools can help fill GHG data gaps, but may also amplify uncertainty and reduce transparency if not carefully validated, a webinar heard on Tuesday.

A Canadian carbon removal (CDR) company has landed a major research deal with a federal body to launch a nearly C$7.5 million ($5.4 mln) research project.

A cohort of five nature-based project developers from around the world have completed a German-based offset platform’s fourth accelerator programme.

Injection milestone – California Resources Corporation (CRC) on Tuesday announced the first CO2 injection at its Carbon TerraVault I (CTV I) project in California, marking the launch of the state’s first operational carbon capture and storage facility. The company said the project, located at the Elk Hills field in Kern County and developed with Brookfield Asset Management, will store CO2 captured from CRC’s cryogenic gas plant in depleted oil and gas reservoirs more than one mile (1.6 km) underground. CRC added that the CTV I – 26R reservoir has annual storage capacity of up to 1.46 mln tonnes of CO2 and total storage potential of 38 mln tonnes, while eight additional CTV reservoirs submitted by CRC for US EPA Class VI permitting represent approximately 352 mln tonnes of potential capacity.

Illicit financial flows linked to timber trade mispricing may be higher than previously estimated, averaging $289 million annually in Cameroon and $214 mln in Brazil, according to a new report.

Prices for Phase 1 CORSIA-eligible carbon credits continued to fall last week as uncertainty around the international aviation offsetting scheme and persistently high jet fuel prices weighed on market sentiment, pushing thoughts of future compliance lower down carriers’ list of priorities.

Board split – GHGSat has appointed former Airbus executive Jean-Marc Nasr as independent chair of its board of directors, separating the roles of chair and CEO as the satellite GHG monitoring firm expands globally. The Montreal-based company said Tuesday that founder Stephane Germain will remain CEO, while Nasr brings nearly four decades of experience in satellite technology, Earth observation, and international space programmes. GHGSat said the governance changes are intended to strengthen board oversight and support the company’s next chapter, after scaling its GHG monitoring constellation to 15 satellites.

The CEO of large carbon removal developer Climeworks has called on governments and corporations to expand their support for new technologies, warning that the industry cannot rely on a small group of early adopters to scale operations fast enough to meet global climate goals.

Biodiversity credits are the ecosystem services market closest to becoming commercially viable as a funding source in their own right, but for now most nature value is still being priced indirectly, the head of a nature-based solutions financier has said.

The global sustainable debt market has surged in activity since 2020, with cumulative aligned issuance now having surpassed $7 trillion, according to the latest data from a non profit.

Communications push - The Super Pollutant Action Alliance (SPAA), a project of US non-profit Multiplier, is seeking a consultant to test how policymakers, funders, journalists, scientists, and communicators respond to language around near-term warming and fast-acting climate mitigation. The work will cover methane, black carbon, hydrofluorocarbons, and tropospheric ozone, and include testing in the US, EU, China, India, and other geographies ahead of COP31. The contract, estimated at $325,000-475,000, will run from June to Oct. 2026, with proposals due June 5.

Biochar boost - The Climate Trust (TCT) said it is exploring biochar carbon projects to help dry inland forest managers in the western US reduce wildfire risk while generating revenue from fuel reduction treatments. The Oregon-based non-profit said biochar production could turn small-diameter wood, deadwood, and other forest debris from pre-commercial thinning into a soil amendment that stores carbon, improves water retention, and reduces fertiliser needs, while cutting the cost of forest management through carbon credit and biochar sales.

Annual demand for Article 6 carbon credits, generated by proposed rules to allow them to be deducted from EU Carbon Border Adjustment Mechanism (CBAM) fees, could theoretically rise to more than 17 million tonnes through 2040, analysts have said, but limitations imposed by Brussels mean that, at least in the near term, buying is likely to be a fraction of that potential volume.

A procurement and intelligence platform has launched a library of forward vintage curves for credits issued on the voluntary carbon market.

A global exchange industry body has drafted principles for stock exchanges to label listed companies and IPO candidates with credible climate transition plans, it announced Tuesday.

A new academic study has proposed a machine learning recommendation framework designed to minimise carbon emissions from AI model development by predicting the environmental impact of training runs before they occur, with the researchers claiming the approach could cut emissions from model selection by more than 98%.