Two UK-based investment advisory and management firms have merged to accelerate investment in large-scale nature restoration projects across the Global South, they said on Tuesday.

RGGI Allowance (RGA) futures dropped below the $40 mark on Monday following Friday's plunge after the release of Q2 auction results at the lower end of expectations and participating states saying they intend to begin a processing to consider "targeted measures" to address affordability.

Day one of the Bonn intersessional (SB64) UN climate summit saw parties avoid major disputes over the agenda and resist the urge to reopen old negotiations, refocusing on implementation – though the COP31 co-presidents appeared to skate around transition away from fossil fuels.

The past month in climate litigation highlighted a widening divide between international and domestic climate law, as the former increasingly affirms that governments have an obligation to address climate change, while the latter are moving in the opposite direction, restricting avenues for relief against fossil fuel producers and high-emitting industries.

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.

Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS) in the European Parliament, said he aims to forge a broad majority for the next reform of the bloc’s carbon market, ranging from the conservative right to the radical left.

European carbon prices recovered to end the day flat on Monday, after trading started with bearish pressure, following on from last week's selloff, with some sources noting that EUAs appeared to be drifting back again towards €75, which has acted like a magnet for much of the last two months.

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.

Dimming the sun could soon move from theoretical science into mainstream political debate as the world seeks to combat the expected overshooting of the Paris Agreement's 1.5C warming goal – but the risks of rollout remain significant due to unintended consequences or misuse of the technology, experts say.

Stick to it - Campaigners have urged the UK govt to resist calls to further water down sale rules for electric cars, following analysis showing that vehicles on the country's road will emit an extra 17 Mt of CO2 by 2030 largely due to the govt's weakening of rules last year. Industry lobbyists have been calling for the zero-emission vehicle (ZEV) mandate to be further watered down, after 'flexibilities' were introduced last year to allow carmakers to sell more cars with petrol engines. There's been a 48% rise in sales of plug-in hybrid electric vehicles this year as a result, and there will be an extra 59 bln miles drive using petrol and diesel engines in cars and vans compared with forecasts before the ZEV mandate was changed, according to industry analysis. Based on UK govt average emission figures, those extra miles would add an extra 17 Mt of direct CO2 to the atmosphere. The govt has pledged to review the mandate again by early next year. (the Guardian)

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.

A flying start - Germany is planning to back the scale-up of sustainable aviation fuels (SAF) with €2 bln between 2030 and 2039, according to business daily Handelsbatt. During the International Aerospace Exhibition from June 10-14 in Berlin, the govt is set to outline support for SAF as well as other climate-friendly propulsion systems such as hydrogen. The govt is also reportedly planning to work with European partners to ensure the sector reduces its dependences on raw materials and fuel supply from outside of Europe.

A planned coal-fired power and carbon capture (CCUS) project in West Virginia has been selected for up to $18.5 million in US DOE funding to support early-stage development.

The three UN negotiating blocs comprising mostly wealthy countries are collectively on track to fall short of their emission reduction pledges in the next decade, with emissions set to exceed the 2035 targets by nearly 20%, according to a study published on Monday.

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.

The European Commission has approved an Italian scheme to spend €23 billion to increase the country’s renewables capacity by 50%, under state aid rules.

The UK government is proposing a new planning policy for cutting-edge fusion power generation, which it says will help the sector move from research to commercial take-off. 

India needs to add agriculture to its list of Article 6.2‑eligible activities, to tap into the country’s carbon credit potential and enter international compliance markets, a study found.

At least four countries seeking to participate in carbon markets under Article 6.2 of the Paris Agreement have significant gaps in their governance, authorisation, and tracking systems, according to recent UN technical reviews.

A UN expert review of Tunisia's climate tracking report found "significant" inconsistencies and lacking transparency in the country's international carbon market arrangements, as well as its plans to set up a national carbon crediting registry, and to trade credits with Japan.

Six EU countries have urged Brussels to prioritise strengthening the international aviation sector’s carbon offsetting scheme CORSIA rather than extending the bloc’s carbon market to international flights.

Indian steelmakers with higher CO2 emissions are losing market share in the EU under the bloc's Carbon Border Adjustment Mechanism (CBAM), while cleaner producers have largely maintained their position, according to new research that showed the mechanism already appears to be working.

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

An Indonesian palm oil company plans to present a biochar pilot this week that aims to convert palm biomass residues into carbon removals.

Go Luxembourg! – Luxembourg could significantly boost energy security and cut emissions through tighter long-term planning and targeted sectoral measures, the International Energy Agency (IEA) said Monday in its latest Energy Policy Review of the country. The IEA urges Luxembourg to strengthen whole‑system planning tools and public communication on energy measures, while stepping up efforts to curb fuel use and emissions in transport and to ensure the EU’s new ETS2 delivers after 2027. The Paris-based agency also recommends policies to accelerate uptake of electric heavy-duty vehicles, derisk hydrogen infrastructure, and guide low‑carbon heating investments via a national municipal heat‑mapping framework and minimum energy performance criteria for home retrofits.

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 majority of EU member states have rejected a European Commission proposal to set binding national targets for zero-emission vehicles in corporate fleets, instead signalling support for non-binding “guidelines” at a meeting of EU transport ministers on Monday in Luxembourg.

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.

Goals - Myanmar's President Min Aung Hlaing called for greater focus on renewable energy, forest conservation, climate-resilient agriculture, improved cookstoves, solar-powered rural electrification, and electric vehicles as part of the country's efforts to reduce emissions and implement its Paris Agreement commitments, according to state media. He said Myanmar plans to plant more than 21 mln trees across roughly 12,000 ha in 2026 and continue annual mangrove restoration programmes through 2030. The president said over 269.8 mln trees had been planted between 2016-25, while more than 64,000 ha of plantations were established during 2021-25. He also said protected forests and natural areas account for about 50% of the country's land area.

Above the clouds - Giant trees in the mountains of Taiwan could be vital, overlooked carbon sinks, but they face the risk of extinction within the next two centuries, Taipei Times reported, citing the latest findings. A group of arborists, spatial scientists, geologists, and mountaineers has discovered the tallest tree on the island, which is also the tallest recorded in East Asia. Old-growth forests of giant trees are mostly found in Taiwan’s deepest and most forbidding mountain ranges, which are difficult to survey, according to the team, which has also found alarming signs regarding the survival of Taiwan’s ancient trees.

Transparency - Japan's environment ministry has signed a letter of intent with the Philippine Department of Environment and Natural Resources (DENR) and the Securities and Exchange Commission (SEC) to cooperate on the calculation and reporting of corporate GHG emissions. The regulators aim to reduce the burden on companies by linking the calculation of corporate GHG emissions with non-financial data disclosure.

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.

The prolonged energy crisis stemming from the Middle East conflict is driving a significant near-term surge in thermal coal demand across the Asia-Pacific region, according to a new report.

Maritime partners - OceanScore and Anglo-Eastern Univan Group are joining forces to support the shipping sector comply with the EU ETS and FuelEU Maritime regulation across vessels under Anglo-Eastern's management, according to a press release Monday. The sector is facing growing pressure to report on its GHG emissions, and this partnership aims to establish consistent data management processes, cost allocation, and regulatory reporting across a diverse fleet and ownership base.

UN observers anticipate that already-agreed initiatives, or ones conceived in parallel to formal COP negotiations, will shape the SB64 climate talks in Bonn this week and next – and that forward momentum on these fronts could itself be a determinant of the summit’s success.

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.

Power balance- Bangladesh’s Centre for Policy Dialogue (CPD) on Sunday called for a comprehensive green fiscal policy to ease the energy crisis, saying current measures unfairly favour fossil fuels. At a Dhaka briefing, CPD research director Khondaker Golam Moazzem unveiled a study highlighting fiscal discrimination between fossil and renewable energy, urging reforms to accelerate the country’s transition to clean power.

Private holdings of New Zealand allowances fell by some 25.4 million following the May 31 surrender deadline, according to government data published Monday.