The Q2 RGGI carbon auction could result in clears between several dollars below or above current secondary market prices, which have fluctuated at historic highs amid unprecedented volatility recently, traders and analysts told Carbon Pulse ahead of Wednesday's sale.

An offsets developer based in British Columbia reported net earnings of C$693,200 ($500,900) in the first quarter of 2026 and nearly tripled the company’s quarterly revenue year-on-year.

A certifier of methane emissions has awarded its top ranking for the first time to a major oil and gas giant for its production in the Gulf of Mexico.

The European power industry is pressing for greater certainty around the bloc’s Emissions Trading System (ETS) and Carbon Border Adjustment Mechanism (CBAM), as the impetus for electrification shifts from emission cuts to core industrial competitiveness, according to a new report published ahead of the European Commission's upcoming Electrification Action Plan.

Case dismissed - The US Court of Appeals for the Ninth Circuit upheld a lower court’s dismissal of Lighthiser et al. v. Donald Trump et al., a youth-led case challenging executive orders on US energy development, a national energy emergency, and the coal industry, the Department of Justice said Tuesday. Principal Deputy Assistant Attorney General Adam Gustafson said the court found the plaintiffs lacked standing because they did not show the executive orders caused injury or that any injury could be redressed by the courts.

Consider this - The US Chamber of Commerce told the Ninth Circuit that the US Securities and Exchange Commission’s (SEC) May 29 proposal to rescind its 2024 climate-related disclosure rules strengthens its challenge to California’s SB 253, arguing the state law is broader than the SEC rules because it requires emissions reporting without the SEC rule’s materiality limits and ahead of an expected Aug. 10 compliance date. In a Monday filing, the plaintiffs said the SEC proposal undermines California’s argument that SB 253 is needed to protect investors, that emissions figures are objective, and that compelled corporate disclosure is necessary, citing the SEC’s view that its rules exceeded the agency’s authority, imposed unjustified costs, and should be withdrawn in full.

Consultation commencing - Canada’s Taxonomy and Transition Planning Council plans to release a consultation draft for its Sustainable Finance Taxonomy Methods and Frameworks Report on July 9, opening an approximately one-month feedback period. The first phase will focus on climate mitigation, align with Canada’s net zero by 2050 target, and prioritise electricity, buildings, transportation, mining, manufacturing, and agriculture/forestry. Consultation will focus on investment categories, technical screening criteria, and Do No Significant Harm and Minimum Social Safeguards frameworks.

Stop the storage - Galva, Illinois, officials are considering a moratorium on CO2 storage after about 150 residents attended a city council meeting Monday to oppose a carbon-capture project proposed by Lapis Solutions and Big River Resources. The project would store 725,000 tCO2 more than 4,000 feet underground, using emissions from Big River’s ethanol plant, but residents and emergency-management officials raised concerns about truck traffic, water wells, project siting, and emergency planning. Henry County Emergency Management Director Mat Schnepple said he would recommend the county seek a pause or moratorium until promised data and planning documents are provided, while City Administrator Dave Dyer said he would draft a city moratorium for council consideration. The next city council meeting is scheduled for July 6, when the measure could be discussed.

Drainage and repeated fires released large stores of ancient carbon from tropical peatlands in Indonesia over less than two decades, with the estimated loss reaching 30-41 kg of carbon per square metre of affected peatland, researchers have found.

Flagging waning federal investment in marine carbon removal (mCDR), a non-profit published a roadmap on Monday with policy and regulatory changes the US needs to implement to advance to the million-tonne scale of deployment.

Minnesota has urged a federal court to dismiss a US lawsuit seeking to halt its climate deception case against ExxonMobil, Koch Industries, and trade association American Petroleum Institute (API), arguing the federal government has no direct injury and no legal basis to intervene.

European carbon allowances reversed an early decline on Tuesday as the market focused on a key technical level ahead of the fortnightly pause in the auction programme, with sources expressing some consensus that prices just below the €80.00 level are appropriate for the moment.

A carbon removal market maker is partnering with a ratings agency as it expands its purchasing into the "ugly ducklings" of the carbon market – superpollutant credits, which it says are vital to averting imminent climate tipping points, the two announced on Tuesday.

Canada will boost two carbon storage assessment projects on its east coast with C$1.7 mln ($1.2 mln) alongside a larger energy funding launch.

Brazil should consider an Article 6 strategy that allows the export of carbon credits while retaining 50% of mitigation outcomes for domestic climate targets, carbon trading industry group IETA said in a new report.

A major carbon removal (CDR) registry will evolve to issue three different classes of credits, it said Tuesday, after announcing plans to certify units under the EU’s Carbon Removals and Carbon Farming (CRCF) scheme.

The European Union's flagship Carbon Border Adjustment Mechanism (CBAM) may be ill-equipped to protect European industry in an increasingly fragmented global economy, according to a new study that calls for a major redesign of the policy.

Political groups in the European Parliament clashed on Tuesday over plans to relax CO2 emission standards for cars, with conservative and far-right parties pushing to scrap the 2035 end date for sales of new combustion engine vehicles, against resistance from centrist and left-wing groups.

Benin has raised its climate ambition under a newly submitted Nationally Determined Contribution (NDC), pledging to cut greenhouse gas emissions by one-third over the next decade while positioning itself to tap international carbon markets under Article 6 of the Paris Agreement.

EU industrial leaders have called for a comprehensive rethink of the EU's Emissions Trading System (ETS) and Carbon Border Adjustment Mechanism (CBAM) to keep CO2 costs under control, and keep industrial production in Europe as large emitters are weaned off free allowances.

Automakers’ carbon intensity can exceed that of some major oil and gas companies when vehicle-use emissions are adjusted for real-world driving, a report published Tuesday has found.

A high-level European Commission official is calling on the European Parliament to make a swift decision on tweaks to the EU ETS's Market Stability Reserve (MSR), in order to prevent the permanent cancellation of the allowances held in the reserve.

Nitrous oxide (N2O) emissions from North American agricultural soils amended with organic fertilisers are substantially lower on average than the default factors used in international greenhouse gas inventories, though certain manure types and management practices remain significant emissions hotspots, according to a new study.

Concentration among a handful of buyers, weakening prices, and policy uncertainty are threatening the scale-up of carbon removal (CDR) despite recent growth in the sector, according to a report released on Tuesday.

A developer of enhanced rock weathering projects has worked with Formula 1 racing engineers on a new soil carbon measurement process that significantly reduces sampling time and associated emissions.

British industries and manufacturers want the UK and EU to tie up their emissions trading schemes as soon as possible, in order to minimise the challenges of navigating two separate, and diverging, markets and border carbon fees, representatives told a House of Lords committee on Tuesday.

Verra has approved its first-ever government-led REDD+ project, a milestone as countries seek to monetise the avoided deforestation sector under jurisdictional carbon crediting.

India has opened a public consultation on two additional draft methodologies under the offset mechanism of its Carbon Credit Trading Scheme (CCTS), looking to expand the range of activities that could generate carbon credits.

The UK’s net zero economy generated around £105 billion in gross value added (GVA) in 2025 and supported 1.1 million full-time equivalent jobs, equal to 3.8% of the national economy and 3.1% of total employment, according to analysis published Tuesday.

Tourists on safari in South Africa can now offset their carbon emissions through a new partnership between a luxury tour firm and a grassland restoration project certified under Verra’s VM0042.

Chinese regulators have issued new guidelines for accounting non-fossil fuel electricity consumption, aiming to establish a unified framework and provide a foundation for achieving the country’s dual-carbon targets.

Spanish agri fuel aid – The European Commission on Tuesday cleared a €54 million Spanish state aid scheme to help agricultural producers cope with surging diesel costs linked to the Middle East crisis, under its new Middle East Crisis Temporary State Aid Framework (METSAF). The measure, notified by Spain for companies engaged in primary agricultural production, will provide direct grants of €0.20 per litre of diesel bought between Mar. 22 and June 30 this year, covering up to 70% of additional fuel costs. The scheme runs until end‑2026 and was deemed necessary, appropriate and proportionate by the Commission.

Feedback sought – Carbon Registry-India (CR-I), a voluntary carbon crediting programme operated by the Network for Certification and Conservation of Forests (NCCF), has opened a public consultation for the Piplantri Tree Plantation Project (CRI30023IN), an afforestation and land restoration initiative in the western state of Rajasthan. The project aims to convert degraded and under-utilised land into forested landscapes that can sequester carbon, enhance biodiversity, and improve ecosystem services. Feedback has been invited from local communities, experts, government agencies, and other stakeholders before the project advances through the registry's approval process.

The UK government has proposed a new climate target requiring an estimated 87% reduction in greenhouse gas emissions by 2038-2042 compared with 1990 levels, arguing that faster action on clean energy will strengthen energy security, cut household costs, and support economic growth.

Germany’s federal government has slashed spending on carbon offsetting for official travel by more than 90% in 2025 as stricter international standards left policymakers struggling to find enough qualifying carbon credits, according to Table.Briefings.

No double levy - Shipping won't have to pay twice for its GHG emissions under both European and potential international rules aimed at curbing levels of CO2, said Apostolos Tzitzikostas, the EU commissioner for sustainable transport, in an audience with Greek shipowners at the official opening of Posidonia 2026. The sector must currently adhere to the regional FuelEU Maritime and EU ETS, and there have been concerns that the potential imposition of a global carbon price on the sector could see stakeholders hit with a double emissions levy. However, Tzitzikostas's statement puts this concern to rest. His speech follows the recent IMO meeting where countries agreed to continue talks on the Net-Zero Framework, to which he said the "measures must be just, realistic, applicable and protect European and Greek competitiveness". (Trade Wind News)

E.On’s CEO Leonhard Birnbaum is urging EU policymakers to channel revenues from the Emissions Trading System (ETS) into electrification and industrial decarbonisation, warning that Europe’s weak investment climate risks derailing the bloc’s net zero plans.

Australia’s proposed reforms to its carbon market have been broadly welcomed by groups as a long-awaited step towards shoring up integrity in the scheme, but some have urged parts of it to be scrapped, citing market confidence concerns.

Missing data - India's latest National Family Health Survey omitted data on household use of clean cooking fuels, removing a key metric for tracking progress in reducing biomass use and associated emissions, Down to Earth reported. The missing data also leaves questions over the effectiveness of the government's flagship LPG expansion scheme, after the previous survey found that more than 40% of households still relied on firewood, dung cakes, and other polluting fuels for cooking. The omission comes as LPG demand has weakened in recent months given rising prices, potentially forcing households to switch to dirtier fuels for cooking.

Starting now - Papua New Guinea has formally launched a $63.4 mln Green Climate Fund-backed programme announced last year. The programme aims to channel results-based payments from forest emissions reductions into community development and conservation activities. It recognises 17 Mt of emissions reductions achieved between 2014-16 and will direct 60% of funding to locals and low-emission development. The initiative is being implemented by the UN FAO in partnership with Papua New Guinea's Climate Change and Development Authority under the country's national REDD+ strategy.

CO2 conversion test - Cosmo Oil, Kyoto University, Sumitomo Heavy Industries, SEC Carbon, and I’MSEP have begun bench‑scale tests to convert CO2 into solid carbon using molten salt electrolysis. The partners in a joint statement said the system will produce several tens of kilograms annually, allowing them to assess feasibility from both process and materials perspectives. The initiative is designed to verify whether CO2‑derived carbon can be scaled into industrial supply chains, with potential applications ranging from batteries to advanced materials.

PNG funding push – Papua New Guinea's central bank, the Global Green Growth Institute (GGGI), and French development agency AFD have signed a letter of intent to support a proposed €15 mln investment into the country's green finance facilities. The funding would help develop a pipeline of green loans under Papua New Guinea's Inclusive Green Finance Policy and taxonomy framework. Partners will also seek additional donor funding to boost its green refinancing and guarantee facilities.

An Australian carbon project developer has seen four members of its executive team leave the company in recent weeks, blaming what they said was a shift in company culture thanks to its new CEO and shareholders.

Fossil fuel funding – A trust fund set up to support Tuvalu deal with climate change impacts has been investing in fossil fuels, an AFP investigation has found. The $200 mln fund has been managed by Mercer since Aug. 2022, and the news agency said the asset manager had invested in funds which back major fossil fuel companies, based on analysis of financial records and government reports. In May 2022, the fund adopted new investment principles which stated that, given Tuvalu’s vulnerability to climate change, the investment strategy needed to reflect that and minimise the fund’s exposure to fossil fuels and emissions.

Shanghai will soon release a batch of permits into its emissions market, managed through a newly established trust designed to support the regional carbon trading scheme.

There is a big variation in how Australian corporates are interpreting and applying climate disclosure requirements, analysis of the first reports found.

CBAM pact hurdles - India and the UK will discuss Britain’s carbon border adjustment mechanism (CBAM) and steel safeguard during Secretary Peter Kyle’s visit to New Delhi on June 2, with the measures seen as key hurdles in implementing the bilateral free trade pact signed in July 2025, PTI reported.

More than €100 billion worth of renewable energy and battery storage projects are stuck waiting for access to local electricity grids across eight European countries, according to a report released on Tuesday by consultancy AFRY for campaign group Beyond Fossil Fuels.

Low-carbon infrastructure - A subsidiary of Japan's Hitachi has launched a service to help clients offset emissions from IT infrastructure through the use of domestically issued J-Credits. Hitachi Vantara has been working with its business partner, Mitsubishi HC Capital, to leverage its expertise in carbon credits. The new service eliminates the need for separate carbon-offsetting procedures, allowing companies to balance their essential IT infrastructure investments with initiatives that reduce their environmental impact, the company said.

The New South Wales state government has announced A$225 million ($161 mln) in grant funding to go towards a broad range of clean tech innovation and manufacturing initiatives. 

V2G cash is GTG – The Australian Renewable Energy Agency (ARENA) has announced a further A$13.6 mln ($9.7 mln) of funding for Amber Electric to allow an expansion of its vehicle-to-grid (V2G) and EV charging project, it announced Friday. The project – which has now received A$16.8 mln of ARENA support – is seeking to address key barriers for wider V2G deployment in Australia and is working with EV manufacturers to implement charging standards to allow a two-way flow.

Fuel loan clarity – Industry body GasNZ has clarified with the New Zealand government that its NZ$48 mln ($28.4 mln) loan scheme to help businesses transition away from gas is not just for electrification, but could also be used to switch to coal, liquefied petroleum gas (LPG), biomethane, or biogas, it said on Tuesday. Funded as part of the 2026 Budget, announced last week, the initiative is forecasted to unlock NZ$1.2 bln of bank loans. Activities supported by the scheme must reduce reticulated gas consumption by at least 15% while maintaining or increasing production. New Zealand is grappling with a shortage of gas supply and the government earlier this year announced plans to contract to build an LNG import terminal.

Unlikely buyer – Nicola Willis, New Zealand’s finance minister, said again it is very unlikely the country will buy international credits to meet its 2030 NDC when questioned on Q&A on Sunday, and suggested new pathways would emerge to uphold obligations, without elaborating. Interviewer Jack Tame pressed Willis on the matter, as it came just days after New Zealand backed a UN General Assembly resolution to endorse the ICJ’s climate opinion on states’ obligations on climate change, and on a lack of evidence that New Zealand can meet the 2030 targets absent international credits. Willis told Tame it was not a binary situation, to either reduce emissions domestically or buy international units. Last year, climate minister, Simon Watts, told Carbon Pulse that the focus is on cutting the country’s emissions first. Willis in Dec. 2025 told a Parliamentary committee that Treasury had not budgeted to purchase overseas credits as there was no legal obligation to meet the Paris Agreement targets.

Faster fuel - The New South Wales state government has introduced legislation designed to accelerate development of the renewable fuels industry, Earthed reported. The Electricity Supply Amendment (Renewable Fuel Scheme) Bill would amend the design of the state's existing Renewable Fuel Scheme, which currently only aims to incentivise the production of green hydrogen by requiring gas retailers to buy and surrender green hydrogen certificates. The bill introduces a mixed-fuel target to support renewable methane and green hydrogen as well as an early-mover green hydrogen target. It follows the NSW government committing A$40 mln ($28.6 mln) in grant funding to scale up the deployment of renewable methane production facilities.

Methane measures - ASX-listed Zeotech told shareholders early on-site trials of its its zeoteCH4 technology at the North Burnett Regional Council landfill had reduced methane emissions by an average of 92% compared with untreated control areas. The company has been conducting trials since February of its zeolite-based methane mitigation technology in partnership with Griffith University. The current field trial is designed to test the technology's performance under real operating conditions at an active regional landfill over a six-month period, with monitoring to continue to August, it said. While long-term data-sets are important, Zeotech said the results provide a strong early indication that the technology can offer landfill operators a practical and scalable pathway for cutting methane emissions.

Canadian climate policy is at a crossroads, and without intervention, the country risks being left behind, attendees of Toronto Climate Week heard on Monday.