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.

The International Air Transport Association (IATA) has launched an alliance to boost the supply of carbon credits eligible for compliance with CORSIA by spring 2027, it announced on Saturday.

An afforestation initiative has become the first-ever project to register on Portugal’s voluntary carbon market (VCM) platform, launched last October.

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.

EU carbon prices posted their first weekly loss since the start of May, even as the market consolidated on Friday and only posted a modest 0.2% decline amid wider weakness across many asset classes, after early dip-buying had brought prices back from a two-week low.

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).

Delivery offset – A large Russian online retailer, Wildberries & Russ, has called for unified market recommendations on reducing carbon emissions from the e-commerce sector, according to a statement shared to the Russian Carbon Units Registry on Friday. The retailer has seen customers offset 3.7 tonnes of CO2e from delivery services since launching a voluntary compensation initiative in mid-April with Moscow-based petrochemical company, Sibur. The initiative is aimed at allowing online customers to make their orders 'carbon neutral' with Russian carbon credits. Demand for offsets from Russian companies has increased since the start of 2025, according to analysis from AlliedOffsets.

ETS2 watch – Carbon Market Watch called on EU policymakers to bring back a time limit on ETS2 allowances during negotiations set to kick off on June 10. The Brussels-based non-profit set out its policy asks on Friday, urging decision makers at least partially reinstate a 'sunset clause' that would see ETS2 allowances automatically expire if unused by Jan. 1, 2031. It also advocated for an impact assessment on the climate effects of MSR2 changes, complementary policies aimed at compensating for additional member state emissions, and an extension of both the Social Climate Fund and the Frontloading Facility. The ETS2, for heating and transport fuels, will start in 2028, following a one-year postponement.

Italy has urged the EU to introduce new, softer sector-specific benchmarks that determine the number of free CO2 permits industries receive from 2027, saying it wants these changes applied retroactively to 2026 as well. 

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.

Carbon Market Watch has urged EU lawmakers to reject a European Commission plan to scrap the EU ETS Market Stability Reserve’s invalidation rule, warning it would “neutralise” the reserve’s core function and risk a new period of structural oversupply and depressed carbon prices.

France is trying to rally other EU governments to oppose the extension of the EU Emissions Trading System (ETS) to flights departing the bloc, and plans to raise the issue at a ministerial meeting on Monday, Carbon Pulse understands.

The European Commission has endorsed Lithuania’s Social Climate Plan, making it the second country after Sweden to secure approval under the EU’s Social Climate Fund, which is designed to cushion the impact of extended carbon pricing on households and small businesses.

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.

Stamp of approval - The European Commission has approved a €100 mln Austrian scheme to support cleantech manufacturing capacity, in line with the goals of the Clean Industrial Deal. The scheme will take the form of subsidised loans open to companies of all sizes that invest in strategic sectors such as batteries, solar, or wind in Austria, with aid granted until Dec. 31, 2026. The Commission concluded that the scheme is necessary, appropriate, and proportionate to support the net zero transition, and that it's in line with the Clean Industrial Deal State Aid Framework (CISAF). The latest scheme also complements another Austrian scheme, approved by the Commission in Dec. 2025 that already unlocked €100 mln for cleantech manufacturing capacity.

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.

A centrist alliance in the European Parliament is pushing to adopt their position on the revision of the EU ETS Market Stability Reserve (MSR) in September, paving the way for a final deal with EU member states in the same month.

The EEX exchange will stop auctioning carbon allowances to fund the bloc’s plan to exit Russian fossil fuels as soon as the €20 billion target is hit, the CEO of the exchange told Carbon Pulse, which could mean around 20 million fewer allowances are auctioned in 2026 than currently scheduled, assuming EUA prices remain at their current levels.

Trading in the Chinese emissions market remained rangebound this past week amid a lack of policy updates, with analysts projecting the bid price to dip below the RMB 80 ($11.81) threshold in June.

London’s Intercontinental Exchange (ICE), the world’s largest marketplace for environmental derivatives, has lost a legal tussle this week over its world famous acronym, after a Dutch court ruled that a crypto trading company, owned by an environmental markets firm and using a similar branded registration, did not infringe on the bourse's trademark.

The news that Zimbabwe’s carbon credits are barred from the international aviation offsetting scheme CORSIA has sparked concerns elsewhere in Africa of a disconnect between Paris Agreement and ICAO rules – and may dissuade others from following a similar model for their national carbon registries.

A UK energy-from-waste operator has completed a major upgrade at a West Yorkshire plant earmarked for carbon capture and storage (CCS) deployment, it said Monday.

Japan and Palau have completed their first transaction of the Internationally Transferred Mitigation Outcomes (ITMOs) under the Tokyo-led Joint Crediting Mechanism (JCM), they announced.

Member states will for the first time be able to use EU-certified permanent carbon removal credits to meet their national climate targets for agriculture, forestry, and other non-ETS sectors under proposals due to be presented later this year, a senior official has said.

Last month's change of government in Bulgaria could sharpen Sofia’s tone on EU climate policy, adding to wider Eastern European pressure for more flexibility on carbon costs, industrial rules, and border carbon fee exposure.

New Zealand allowance prices traded tightly this week in the low NZ$50s ($29s), as next week will see another government auction that is unlikely to clear.

Himalayan climate pact- Value Network Ventures has signed a pact with Conservation International to scale the Mountains to Mangroves initiative across the Eastern Himalayas. The project is an ecosystem-wide conservation and reforestation programme. The deal will develop a portfolio of landscape‑scale climate projects aimed at restoring ecosystems, strengthening biodiversity and water security, and supporting Indigenous and local communities.

A report warned Australia could miss out on a $100 billion ($71.2 bln) green iron and steel industry if the federal government fails to secure demand‑side deals with key trading partners in Asia.

Greener pastures - Seaweed grower CH4 Global is moving all of its operations to Australia from New Zealand, due to a lack of supporting regulations in the country, Farmers Weekly reported. The company, which grows asparagopsis for methane mitigation, said the NZ government has not changed its stance on classifying seaweed-based feeds as a veterinary medicine, and is therefore unable to sell it to farmers. A company spokesperson said it was exporting all of its product to Australia, and all of its production now takes place there, describing it as a missed opportunity, given around 50% of all NZ's GHGs derive from the agricultural sector, namely methane from livestock.

India fuels biogas - India is set to launch a programme this month to drive compressed biogas (CBG) production by raising guaranteed purchase prices and offering subsidies for new plants, Business Standard reported. The policy aims to cut carbon emissions and ease reliance on fossil fuels by increasing the offtake price of CBG and providing financial incentives for project developers, the report added, citing sources. The programme expects the number of operational CBG plants to rise to about 700 over the next several years, up from roughly 200 currently.

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.

Europe risks repeating a damaging cycle of reacting to energy crises rather than preparing for them, after climate investment stagnated for a third consecutive year and covered barely three-fifths of what is needed to meet the EU’s 2030 climate and energy goals, according to new analysis from the Institute for Climate Economics (I4CE).

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.