A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.

The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country's Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research.

Premiums for insuring the carbon market could reach at least $1.8 billion by 2030 and up to $30 bln by 2050, claims a report.

CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.

Urban DAC - Japanese climate tech firm Carbon Xtract announced last week it has installed a trial version of its small, distributed DAC device at Shimizu Corporation’s Novare innovation hub in Tokyo, in collaboration with Shimizu and Sojitz. The demonstration, which began in autumn 2025 and is scheduled to run until the end of fiscal 2028, is testing whether CO2 can be separated from indoor air and reused on site, including in a plant cultivation unit inside the facility. The DAC device is designed for distributed deployment in buildings, railway stations, commercial facilities, and other urban spaces, rather than large-scale DAC plants.

Countries are relying too heavily on bioenergy to reduce carbon emissions in their national Paris Agreement pledges, which spells bad news for forests and climate as huge swathes of land are eaten up for growing biomass, according to environmental and social justice groups.

Large-scale deployment of CO2 removal technologies could substantially reduce the cost of reaching net zero emissions in the US and generate trillions of dollars in revenues for project developers, but may also lead to worse air quality outcomes than pathways that rely more heavily on direct emissions cuts, according to a new study.

Mexican authorities are still negotiating core elements of the country’s emissions trading system (ETS) ahead of the envisioned start of its operational phase, an official told attendees at the Latin America Climate Summit (LACS) recently.

Airlines may need an easier climate target because “hope was fading fast” of meeting the net zero 2050 goal, an industry body has warned.

Korean offsets – South Korea has approved 20 new external reduction projects expected to cut 73,433 tonnes of CO2e annually, while certifying 329,306 credits from 13 existing projects for potential use in the country’s ETS, the country's climate ministry said last week. The newly approved projects include heat pumps for agricultural greenhouses, solar power facilities in buildings and public facilities, fuel conversion, vegetation restoration, sulphur hexafluoride recovery, high-efficiency compressor replacement, and biomass fuel use.

A South African rangeland restoration programme is seeking a Verra-approved validation and verification body (VVB) to assess an initial project area covering more than 173,000 hectares, it announced last week.

Fiji’s Ministry of Finance has ended the country’s participation in the World Bank‑backed Forest Carbon Partnership Facility (FCPF) Carbon Fund Emission Reductions Program (ERP), after failing to meet key requirements, a World Bank report said.

Indonesia’s Ministry of Environment and its Environmental Control Agency (KLH/BPLH) are drafting a climate justice law to ensure carbon trading benefits reach Indigenous peoples, local communities, and villages, rather than remaining concentrated among businesses, local media reported.