Some 1 million carbon removal units are available from 2030 from a reforestation project in Colombia, according to a call for offtake launched by a project developer and climate consultancy.

Clean industry projects worth an estimated $43 billion secured financing over the past six months, more than double the pace recorded in the same period a year earlier, as China accounted for most new projects, according to a report published Monday.

Producers and financial players moved in opposite directions across the North American carbon credit schemes reported by the US Commodity Futures Trading Commission (CFTC), particularly in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs).

California power sector CO2 emissions increased roughly 1.6% year-on-year (YoY) in April, even as the share natural gas-based generation decreased, recently published grid operator data showed.

Buyers of Canadian carbon removal (CDR) are diversifying, as are their portfolios, but work remains on broadening the demand signal, according to market stakeholders.

Meadows money - Massachusetts has awarded nearly $500,000 in grant funding for field and laboratory studies on marine eelgrass and carbon storage, it announced this week. The two-year study will collect deep sediment cores and measure the movement rate of GHGs, or GHG flux, in restored and natural eelgrass meadows along the state's coast.

Carbon capture and sequestration (CCS) opportunities are expanding as the US EPA and states with Class VI primacy are starting the year off approving applications for drilling permits to inject CO2 underground, according to a quarterly report published by a Canadian energy data analytics company.

New ISSB investment - Canada will invest C$10 mln ($7.1 mln) over five years to support continued operations of the International Sustainability Standards Board’s (ISSB) Montreal office, the federal government announced Friday, with the funding to be delivered by Canada Economic Development for Quebec Regions and supplemented by contributions from several dozen Canadian public and private institutions. The government said the support will allow the ISSB to continue engaging stakeholders across Canada and the Americas on adoption of climate disclosures, after Budget 2022 allocated C$8 mln for the office’s start-up costs.

New York lawmakers passed a bill that would impose a one-year moratorium on permits for large data centres, require larger facilities to source increasing shares of electricity from renewable energy, and direct utilities to shield other customers from costs linked to serving the sector.

Fuel fight – The American Fuel & Petrochemical Manufacturers (AFPM) has filed a lawsuit in the US Court of Appeals for the District of Columbia Circuit challenging EPA's 2026-27 Renewable Fuel Standard (RFS) volumes finalised in March by the EPA. The trade group argued that the so-called Set 2 rule has imposed compliance costs exceeding 35 cents per gallon for the first time and that refiners and consumers ultimately bear much of the burden. The AFPM also estimated the mandate would cost more than $106 bln over two years, or 26-35 cents/gal of gasoline and diesel supplied to the US market, while pointing to EPA analysis showing annual costs exceeding $20 bln against around $400 mln in benefits.

Companies are continuing to use GHG accounting to guide investment, procurement, and emissions reduction decisions despite a more uncertain North American disclosure landscape, as climate risk, financing needs, customer demands, and supply chain pressure keep emissions data on the corporate agenda, panellists said on Thursday.

CAN-Rac appointment - Longtime scientist and environmentalist Katie Gibbs joined Climate Action Network Canada (CAN-Rac) as national policy manager. CAN-Rac said. Gibbs has spent more than two decades championing bold climate action, including working to advance carbon pricing in Canada and internationally with Environment and Climate Change Canada (ECCC).

Coalbed consultation – Absolute Climate has opened a public consultation on Version 1.0 of its Biomass Injection with Geologic Storage (BIGS) methodology from June 1 to July 1, outlining an assessment framework for quantifying CDR and low-carbon natural gas in coalbed reservoirs. The methodology describes how injected liquid biomass is converted by native microbial communities into biogas primarily composed of methane and CO2; while biomethane, CO2, and any unreacted biomass may be stored in the reservoir. According to the draft, coal’s preferential affinity for CO2 over methane supports CO2 storage and biomethane recovery, while small amounts of resident fossil natural gas could also be co-produced during early-stage operations.

A forest finance facility launched Friday is targeting an initial $50 million raise to provide early-stage and continuity capital for Indigenous and traditional community-led forest conservation projects.

The investment arm of the Brazilian COP30 presidency’s flagship Tropical Forest Forever Facility (TFFF) will be hosted in Luxembourg, the TFFF’s newest contributor, it was revealed Friday.

The Q2 RGGI carbon auction cleared nearly $9 below secondary market prices ahead of the sale, sending futures prices plunging on ICE Friday morning as participating states said they intend to begin a process for considering targeted measures to protect energy affordability and reliability.

A large US bank has signed its second carbon removal offtake deal with a developer of bio-oil projects, bringing its total commitment with the company to 90,000 tonnes.

Virginia should postpone its return to RGGI until at least 2027 to prevent a spike in utility rates, according to a paper published by a Washington DC-based think tank.

Ambitious climate targets, robust carbon pricing instruments in the works, and substantial emissions reductions potential make Latin America and the Caribbean one of the best regions to supply the EU's future demand for international carbon credits, a representative from the bloc's climate taskforce said this week. 

The Chilean government is looking into building a platform designed to increase carbon project transparency and connect developers with investors, consultants, and potential buyers across different markets, an official said on Thursday.