A new guide released on Thursday by a New York-based advisory firm set out criteria for buyers sourcing agricultural residues for biomass-based carbon removals (CDR), citing the need for safeguards around soil health, livelihoods, and credit integrity.

A Canada-headquartered carbon project financier expects its Vietnam household devices programme to secure an governmental Article 6 Letter of Authorisation (LOA) before year-end, potentially positioning the initiative among the first projects approved under the Southeast Asian country’s new international carbon trading framework.

The world is on course for record-breaking average temperatures in excess of the Paris Agreement's goals over the next five years, and 2027 could be the hottest, a UN agency has warned.

A major airline wants more Asian countries to authorise carbon credits for use under the aviation sector’s CORSIA scheme, saying the region risks losing out on billions of dollars in climate finance to other markets.

The rise in the number of cases brought by fossil fuel companies against governments, using Investor-State Dispute Settlement (ISDS), is stalling the energy transition and causing governments to hold back on more effective climate policy, despite growing awareness of the topic, say experts.

Kick polluters out - People are rallying in a global 'kick polluters out' week of action across Africa, Europe, and Latin America, with nearly 70 actions in 20 countries to demand that TotalEnergies and other polluting companies cease operations and fix past damage. This coincides with TotalEnergies AGM on Friday, during which it's expected to highlight a big jump in profits on the the back of the Iran war. The French oil major reported $5.4 bln in profits over the first three months of 2026, a 29% increase compared to the same period in 2025. Advocacy events will highlight the impact of TotalEnergies' East African Crude Oil Pipeline (EACOP), Mozambique LNG Export Terminal, and more. (Oil Change International)

A South Korean trader and project developer has signed a contract with a Singapore-based marketplace for carbon credit procurement worth KRW 8.38 billion ($5.59 million).

Worldwide investment in oil will decline for a third consecutive year in 2026, while the shift to renewables and nuclear could accelerate after the US-Israeli war against Iran triggered a focus on energy security, the International Energy Agency (IEA) said Thursday.

An emerging risk that many corporate net zero goals will not be met could push through greater pragmatism when outlining targets, as well as a more flexible approach across standard-setters, according to experts, even as the number of companies announcing science-aligned climate ambitions continues to grow.

South Korea's carbon permit prices have climbed back to the KRW 20,000 ($13.30) level for the first time in three and a half years, driven by surging demand and leading analysts to upwardly revise their market forecasts.

Now available - Australian carbon project developer Canopy Nature Based Solutions on Thursday offered a fresh tranche of ACCUs from its Peniup environmental planting project in Western Australia. The company said the project, located in the state’s southwest biodiversity hotspot, has restored more than 750 ha of native vegetation since 2008 and issued over 78,000 ACCUs to date. Canopy said ecological surveys showed bird diversity at the site now rivals undisturbed bushland, while the project also supports threatened species including the Malleefowl and Carnaby’s Black Cockatoo. The Peniup project, registered as EOP101147, forms part of the Gondwana Link conservation corridor connecting the Stirling Range and Fitzgerald River national parks.

Storage record - Adani Green Energy, backed by Indian billionaire Gautam Adani, has commissioned a 3.37 GWh battery energy storage system (BESS) in Gujarat, India, billed as the world’s largest single‑site deployment outside China. The project, including 1.37 GWh added in March, was delivered within 10 months, bringing the firm’s total operational BESS capacity at the site to 3.37 GWh.

Carbon market group IETA has urged India to move faster on Article 6 agreements and broaden the scope of eligible projects, warning the country risks missing out on billions of dollars in climate finance if implementation remains slow.

A carbon removal (CDR) registry launched on Thursday a tool seeking to centralise audit scheduling and shorten the time to issuance.

Rock weathering record - Alt Carbon, a Bengaluru‑based climate tech firm, said its Darjeeling Revival Project has removed about 10,000 tonnes of CO2, equal to the footprint of a small AI data centre. CEO and co‑founder Shrey A. said in a LinkedIn post that this is the world’s largest issuance of carbon removal credits through enhanced rock weathering.

The second project under Australia’s Nature Repair Market (NRM) has been registered, combined with a carbon credit project.

Plantation prep gains pace – Uttar Pradesh’s environment, forest, and climate change minister, Arun Kumar Saxena, on Wednesday directed officials to finish preparations for the state’s 350‑mln tree plantation drive, Jagran reported. Reviewing progress, he stressed the farmers’ role, urging awareness of carbon financing and tree‑planting benefits. Officials reported 524.6 mln saplings ready in nurseries, expanded participation through Green Chaupal, an environmental and rural development initiative launched by the state government, in 27,000 Gram Panchayats, and initiatives such as distributing carbon credit money to farmers.

Green city – Thailand’s greenhouse gas agency TGO this week signed an agreement with the country's Treasury Department Asset Development Company to develop Bangkok’s Chaeng Wattana government complex into a low-carbon model city, it announced on Facebook. The partnership will create a GHG inventory covering buildings, utilities, and activities within the complex, while setting emissions reduction targets and annual action plans. TGO will provide technical guidance, emissions assessment tools, and staff training, while TDAD will coordinate implementation across agencies operating at the site.

New cohort – The UK-funded Climate Finance Accelerator (CFA) Vietnam has selected 13 companies for its 2026 programme, representing around $352 mln in low-carbon projects across sectors including clean energy, electric mobility, circular economy, and sustainable agriculture, VIR reported. The companies were chosen from 81 applicants based on their potential climate impact, scalability, and contribution to jobs and economic growth, organisers said. PwC Vietnam, which implements the programme locally, will provide technical and financial advisory support to help projects secure investment. The selected businesses will later participate in investor matchmaking sessions scheduled for October.

Capital reallocation – Savings from climate initiatives such as the Government Investment in Decarbonising Industry Fund and Warmer Kiwi Homes, and ceasing support for energy innovation centre Ara Ake are being reallocated, New Zealand’s finance minister, Nicola Willis, announced Thursday as part of the Budget 2026. A portion of these savings – totalling some NZ$77.4 mln ($45.6 mln) over five years – will be redirected to the NZ$48 mln for gas transition loans announced earlier this week as well as NZ$20 mln over two years to help schools install solar panels and batteries. Meanwhile, the now-disestablished environment ministry, absorbed into a new mega Ministry for Cities, Environment, Regions, and Transport, will be making operational efficiencies to cut spending by NZ$14 mln over the next four years – more than any of the other legacy departments it has been merged with. These savings include NZ$1.2 mln from the Climate Change Commission.

Edging down – Scope 1 and 2 emissions at dairy giant Fonterra were down 27% below its 2018 baseline as of the end of Q3 of the 2026 financial year, according to its results for the period released on Thursday. Its emissions data has been restated to account for the divestment of Mainland Group, it noted. Meanwhile, it estimated that 6% of farms within the cooperative are achieving emissions excellence – an incentive programme launched June 2025 which financially rewards farmers which report emissions below the 2017-18 baseline, minus removals. The New Zealand-headquartered company has an internal target to halve its operational emissions by 2030, relative to 2018 levels. Earlier this year, Fonterra indicated its emissions may creep up in the current financial year amid increased production. The company reported total profit for the three quarters of NZ$1.8 bln ($1.1 bln), up NZ$103 mln year-on-year.

Legislative certainty – New Zealand’s parliament on Wednesday passed a bill to officially disestablish the Ministry for the Environment, clearing the way for it to join a combined Ministry for Cities, Environment, Regions, and Transport (MCERT). RMA Reform Minister Chris Bishop noted that the environment ministry was the only one of the amalgamated departments which needed to be legally disestablished, as it was set up by statute. The other departments forming MCERT are the Ministry of Housing and Urban Development, the Ministry of Transport, and the local government functions currently administered by the Department of Internal Affairs. Announced at the end of 2025, the new ministry is set to be fully operational by July 2026.