An initiative led by major oil and gas providers called for harmonisation of reporting standards for carbon capture and storage (CCS) and engineered carbon removals (CDR), saying addressing gaps would enable the industry to accelerate towards climate goals.

Natural forest expansion across the moist tropics has sequestered more above-ground carbon than secondary forests, but the sink remains far smaller than emissions from tropical forest loss, according to a new study.

EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.

This summer’s World Cup will emit more than twice as much CO2 as the carbon footprint of the last football bonanza in Qatar in 2022, finds research published on Thursday.

The effectiveness of the Joint Crediting Mechanism (JCM) remains constrained by institutional complexity and insufficient partner engagement, but Tokyo's move to scale up nature-based projects may address the issue of limited credit issuance, a new paper argued.

An Indian micro‑irrigation systems provider has commissioned an industrial‑scale biochar facility in the western Indian state of Maharashtra, which it described as its largest to date.

Australian carbon prices steadily climbed to higher levels last month, thanks to consistent compliance activity that suggests a maturing market, according to intelligence companies.

India’s forthcoming Carbon Credit Trading Scheme (CCTS) will need tighter benchmarks, eventual power sector inclusion, and stronger coordination with companion policies to deliver credible carbon price signals, a report said on Thursday.

Papua New Guinea has set a pathway to reach net zero emissions by 2030 and become net-negative by 2035 under a near-final update to its national climate pledge, while simultaneously securing new EU funding to strengthen climate finance, forest monitoring, and biodiversity governance.

The New Zealand government's legislative efforts to restrict climate-related tort claims is a breach of trade agreements with the UK and EU, experts told Carbon Pulse. 

Companies should split net zero targets between emissions cuts they can deliver themselves and reductions that depend on wider system change, as part of a more honest approach to corporate climate commitments, according to a report published Thursday.

Optimising composting practices using machine learning could transform the global organic waste sector from a net greenhouse gas emitter into a carbon sink while conserving nutrients for agriculture, according to a new study.

Taking the initiative – Intergovernmental organisation the Global Green Growth Institute (GGGI) and the government of Indonesia have launched a new phase of the Green Indonesia Future Initiative (GIFT), running from 2026-30, the Korea-based group said in a press release. This builds on work done so far under this partnership, which has delivered an estimated 183.5 MtCO2e of emissions reductions, mobilised $776.5 mln of green investment across the economy, and created 271,095 jobs, GGGI said, in sectors such as forestry, blue carbon, and energy. Under the next chapter, GIFT is aiming to mobilise $2 bln of green investment by 2030 – more than doubling what it has so far delivered – as the country seeks to make progress on its Paris Agreement NDC and the Indonesian Biodiversity Strategy and Action Plan.

An India‑based climate infrastructure company has signed a multi‑year agreement with a carbon removal (CDR) financier to deliver 180,000 tonnes of biochar removals, in what the partners say is one of the largest long‑term offtake deals of its kind from the South Asian country.

Handy tool – South Korea's trade ministry (MOTIE) and trade promotion agency (KOTRA) have published training materials to help companies implement international emissions reduction projects under Article 6.2 of the Paris Agreement. While corporate interest is rising, many companies have struggled with implementation due to the complexity of international regulations and project procedures, MOTIE said. The training covers the entire process of project development and implementation, including MRV and the current status of international cooperation.

Revival – The chairman of Keidanren, Japan's largest business lobby, this week called on the government to prioritise the expansion of nuclear power, citing vulnerabilities in the nation's energy supply exposed by the ongoing conflict in the Middle East. Using carbon-free energy sources is increasingly important for the country, and it is particularly vital to accelerate the restart of idled nuclear power reactors, Yoshinobu Tsutsui said. Japan is planning to revive its nuclear sector, 15 years after the Fukushima disaster, amid growing energy security concerns.    

Cabinet documents published Thursday showed a rift between New Zealand’s climate minister and his ministry over how often the country’s ETS price controls and settings should be updated.

Several governments across Latin America and the Caribbean are studying how to replicate Argentina's Misiones programme after it became the first jurisdictional REDD+ initiative approved under Verra's Jurisdictional and Nested REDD+ (JNR) Framework, the standard's regional representative told Carbon Pulse. 

The number of applications for new forests to enter the New Zealand Emissions Trading Scheme (ETS) has continued to plateau, with the latest data showing just nine applications were received in May.

Chile has issued a Letter of Authorisation (LoA) for a biogas landfill mitigation project, with the government also looking to operationalise two other bilateral agreements and preparing to assess a new batch of projects next month, a senior government official said this week at the Latin American Climate Summit (LACS).

Sovereign power - A report by think tank The McKell Institute, published Wednesday, has urged Australia to establish a national Commonwealth entity to build and own firmed renewable energy generation and offer long-term power purchase agreements to the country's strategic industrial facilities. The report argued that private incentives are preventing sufficient investment in renewables from occurring, leaving the country's shallow industrial base exposed to extreme volatility and higher energy costs, as well as failing to deliver the country's climate goals. The establishment of Sovereign Power would help avoid the government providing ad-hoc bailouts for large strategic industrial facilities, it argued, saying money could be spent more strategically.