A North American methane mitigation and well-plugging company has raised $2.4 million in fresh capital and secured several new energy-sector clients as it expands its remediation operations across the United States and prepares for international growth.

A sustainable land-use project in the Republic of the Congo has secured catalytic technical-assistance funding to support environmental and social studies aimed at advancing the project towards investment readiness.

A newly launched CO2 removals developer has emerged with plans to build a portfolio of community-focused forestry and biomass projects.

Brazil’s National Bank for Economic and Social Development (BNDES) and the Ministry of Environment and Climate Change (MMA) have announced five new forest restoration and agroforestry financing operations worth R$834 million ($164 mln), expected to leverage a total of R$2.7 billion in investments and generate millions of carbon credits.

Staff at global standard Greenhouse Gas Protocol have responded with detailed steps of an independent review conducted after scientists on the Independent Standards Board (ISB) raised concerns internally regarding deliberations over forest carbon accounting.

The Dutch government has retired nearly 7,000 tonnes of durable carbon removal credits to compensate for emissions generated by official government flights, marking what is believed to be the largest retirement of durable carbon removal credits by a government entity to date.

The EU is hopeful that the UN’s CORSIA offsetting scheme for airlines will look at the Paris Agreement Crediting Mechanism’s (PACM) direction of travel and explore potential revisions, a policy advisor to the European Commission said Friday, as aviation stakeholders await a decision on whether the bloc will expand its ETS to cover extra-European flights.

Guidance underpinning the rapidly expanding blue carbon sector frequently overlooks key tenure rights and international obligations to Indigenous peoples, coastal communities, and small-scale fishers, potentially exposing local groups to dispossession and exclusion from project benefits, researchers have warned.

The Paris Agreement Crediting Mechanism (PACM) could help carbon markets move beyond individual projects and deliver mitigation at scale, but regulators still need to close key methodological, governance, and demand gaps, according to a report released Tuesday.

A Colombian carbon crediting standard has opened a public consultation on a revised biochar methodology, with updates aimed at strengthening rules on biomass eligibility, permanence, leakage, uncertainty, and long-term storage.

Safer waste treatment - Gold Standard has opened a consultation on its Safe Sanitation Services methodology, which quantifies GHG emission reductions from safely managing sanitation waste due to the avoidance of methane from anaerobic decomposition. Stakeholder feedback is sought on how, when, and to what extent facilities may be shared between several households, and on whether and how the co-treatment of municipal solid waste should be allowed, and whether the resulting emission reductions treatment can be considered under the methodology. The submission deadline is July 12 at 18:00 CET.

Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative's (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard's prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.

Armed conflict and policy uncertainty are making parts of the international carbon market harder to insure just as the EU looks to lean more on overseas credits, according to Bilal Hussain, co-founder and CEO of carbon credit insurer Artio.

A digital monitoring, reporting, and verification (MRV) provider has partnered with a Danish biogas operator to provide data infrastructure for a five-site bioenergy with carbon capture and storage (BECCS) project in Denmark, the firms said last week.

Verra has issued a number of corrections and clarification for version 2.2 of its VM0042 methodology for Improved Land Management that was released in October.

The provincial government of Southwest Papua is working on a jurisdiction-based carbon programme in preparation for future directions from Jakarta, local media reported Friday.

The UK’s first commercial direct air capture (DAC) project has launched with plans to remove up to 60,000 tonnes of CO2 per year by 2032, the project developers announced Thursday.

Singapore has signed cooperation agreements with carbon credit standards Verra and Gold Standard to expand the city-state's role in project validation and verification, according to an announcement made Friday.

A US‑based finance firm set up a carbon stream vehicle to back voluntary carbon market projects in Central Asia, targeting high‑integrity credits across land‑use and nature‑based categories.

Pedalling credits - Pakistan's Punjab province has earmarked half of the carbon credits expected from a new PKR 8.1 bln ($29 mln) electric bike-sharing scheme for the provincial horticulture agency, according to project details cited by The Nation. The initiative will deploy 50,000 e-bikes across Lahore over the next 18 months and is expected to cut CO2 emissions by around 5,000 tonnes annually. The project, financed entirely by private investment, will also generate operational revenue to be shared among government agencies. The province, Pakistan’s most populous, is also targeting the launch of a subnational ETS by mid-2027 while developing a pipeline of Article 6 and voluntary carbon market projects spanning forestry, transport, waste, energy, and clean water.

The EU may need to integrate CO2 removals into its emissions trading system as a "safety valve" to prevent allowance prices from spiralling if deployment of carbon capture and storage (CCS) and green hydrogen infrastructure continues to lag expectations, according to a new report.

Europe’s forests are on course to miss a carbon sink target consistent with the EU’s 2030 climate goals by more than a quarter, as rising natural disturbances and continued harvesting erode their capacity to absorb emissions, according to a study published this week.

UK farm soil carbon stocks may be significantly underestimated by current accounting methodologies, with early findings from a major British environmental baselining project indicating that at least 30% of soil organic carbon lies below the depth commonly measured in carbon assessments.

Sao Paulo state has launched a five-year, R$30 million ($5.9 mln) programme to develop Brazil's first bioenergy with carbon capture and storage (BECCS) pilot project for sugarcane ethanol.

Not so Tropical - The Norwegian government is facing opposition from political opponents to the agreement to provide loans up to $3 bln (NOK 30 bln) over 10 years to Brazil’s Tropical Forest Forever Facility (TFFF). The deal, which was announced at last year’s COP in Belem, still needs parliamentary approval. The minority government faced resistance from all opposition parties, temporarily freezing the pledge made by Prime Minister Stor, according to Development Today.

Carbon accounting firm Absolute Climate has opened a month-long public consultation on an updated version of its Absolute Carbon Standard (ACS), introducing revisions to its framework for certifying removal activities and low-carbon products amid growing scrutiny of market integrity.

Chile has contracted a Sri Lanka-based technology provider to develop the country's awaited unified national carbon registry to track domestic compliance units, carbon tax offsets, and Paris Agreement Article 6 credits.

Microsoft has agreed to purchase up to 36,920 tonnes of CO2 removal credits from Indian enhanced rock weathering (ERW) developer Alt Carbon under a multi-year deal that marks the technology giant's first ERW procurement agreement in Asia.

Brussels must strike a balance between scale and integrity when it designs its international carbon credit purchasing framework, market stakeholders said this week, as the Commission digests the results of its recent consultation on the matter.

Company split – Global environmental disclosure platform CDP will become two separate organisations under a planned restructuring backed by global investment firm Permira, it announced Thursday. The new structure will split CDP into a commercial entity providing environmental data and disclosure services to companies, and CDP Foundation, a non-profit charitable organisation focused on developing science-led disclosure principles. CDP Foundation will remain a shareholder in CDP with board representation, while CDP’s products, services, and 2026 disclosure cycle will continue as planned during the transition. The deal is subject to regulatory approvals, including from the Charity Commission, and is expected to complete within six months.

Biochar collab – Singapore-based carbon project developer Alcom has partnered with Swiss CDR aggregator Altitude to help assess and support the latter’s existing biochar partner portfolio, aiming to ensure projects meet high standards and can scale, Alcom said in a LinkedIn post. The initiative will be led by Alcom’s director of carbon projects, Siddharth Kaul, with support from its carbon team.

Russia rating update – Russia has updated its national ECG business reputation rating to allow companies to receive additional points for implementing climate projects from June 2026, according to the country’s carbon registry. The updated standard, which enters into force on June 13, assesses companies based on environmental, workforce, and governance-related criteria, with proof of climate project activity or carbon credit issuance able to be provided through extracts from Russia’s carbon unit registry. The rating covers around 98% of Russia’s commercial organisations, or about 7.7 mln entities, with non-profit organisations also included from 2026.

Sierra Leone is preparing its first Biennial Transparency Report (BTR) under the Paris Agreement as it seeks to strengthen the institutional foundations underpinning its participation in international carbon markets, according to insurer Oka following a recent visit to the West African country.

Seaweed credits - Carbonwave expects to be issued its first sargassum carbon credit vintages in 2027, following the advancing of a methodology under Gold Standard and ongoing project-specific verification activities, it said in an annual report released in June. The anticipated issuance would represent a significant milestone for both the company and the wider blue carbon market, the developer claimed. If successful, these credits are expected to be among the first commercially issued carbon credits linked to methane emissions avoidance from sargassum seaweed. Carbonwave said it believes the development could help demonstrate the viability of innovative ocean-based climate solutions and contribute to the growth of blue carbon markets by creating a new pathway for verified emissions reductions.

Share selling - Singapore-based carbon exchange ACX has sold its shareholding in UK carbon ratings agency BeZero, according to a financial filing published this week on the UK’s Companies House website. According to the document, ACX offloaded its 150,585 shares in June 2025. No other details were disclosed.

The Science-Based Targets initiative's (SBTi) long-awaited new Corporate Net-Zero Standard was widely welcomed for recognising companies that address their ongoing emissions, including with voluntary 'high-integrity' credit buying – but stakeholders critiqued its lack of mandate on near-term action, which they said will significantly dampen the immediate market signal.

A carbon removal (CDR) standards body has teamed up with an established London firm in a bid to expand its pool of insurers eligible to underwrite risks associated with supplying the CORSIA aviation offsetting scheme, it announced on Thursday.

A Swiss climate organisation reported lower income and lower spending on climate protection projects in 2025, while its initiatives generated 2.93 million tonnes in certified CO2 emission reductions.

India's budding carbon market needs additional legal clarity before trading begins later this year, according to a legal expert who said current regulations have created ambiguity on whether compliance entities can use credits generated in the voluntary market.

A UK-based voluntary carbon offset provider will buy nature-based removals from an afforestation, reforestation, and revegetation (ARR) project under a "staggered spot" agreement covering both issued and in-verification credits, it announced on Thursday.

A Japanese biochar solution provider is seeking to expand its business in Indonesia, with a planned feasibility study to explore the potential of credit-generating biochar project.

Recently published research shows how estimates of leakage for forest carbon projects can be significantly improved, which is necessary for addressing an important integrity issue and building confidence in carbon markets as a tool for climate action.

As creditworthy offtakers with significant energy requirements, data centres can be a key driver of the clean energy transition, especially as tech companies seek to curb their environmental impact, say experts.

The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.

While China's new offset methodology provides a path for livestock methane reduction projects, its dairy industry has yet to establish mature cases and continues to face significant implementation challenges, according to a recent report.

India's carbon credit startup ecosystem remains dwarfed by other climate technology sectors, attracting just a fraction of the investment flowing into electric vehicles, renewable energy, and battery storage, new data showed.

Organisers of the 2026 Summit on Clean Cooking in Africa have announced the postponement of the high-profile event, which was originally scheduled to take place in Nairobi on July 9-10.

First deal - Sompo Japan Insurance, a member of the Natural Capital Credit Consortium (NCCC), has completed the first-ever purchase of credits issued under the NCCC Carbon Standard, the consortium announced Thursday. The credits were generated from the Akaiwa grassland project implemented by Tsujita Construction Machinery, which used a patented construction technique to prevent soil erosion and strengthen the ground during construction.  

Airlines are focusing more on soaring jet fuel costs and operational pressures than carbon credit purchases as prices for CORSIA-eligible offsets continue to weaken ahead of the scheme’s upcoming mandatory phase in 2027, according to a member of ICAO’s Technical Advisory Body (TAB).

Chile has redefined its landmark baseline-and-credit schemes as emissions trading systems (ETSs) and is now evaluating articulation with the energy sector pilot, an official told Carbon Pulse, while seeing potential in Article 6 to channel investment into hard-to-abate sectors and leverage GHG reductions towards national targets.

A member of the international Greenhouse Gas Protocol’s Independent Standards Board tendered their resignation earlier this week based on deliberations over forest carbon accounting.

Canada’s pullback on climate policies in pursuit of energy and economic security doesn’t have to be at odds with its signal to ramp up its carbon removal (CDR) sector, industry players said at a recent event. 

Verra launched development of several new or revised standards, including a new methodology for avoiding super pollutant emissions from refrigeration systems.

A Mexican carbon project developer is betting that premium ratings, biodiversity credentials, and Indigenous community partnerships can help its forest credits stand out in an increasingly crowded voluntary carbon market (VCM), even as domestic demand remains limited and uncertainty around the country’s emissions trading system (ETS) persists.

Waste not - Researchers have converted waste cooking oil into bio-based surfactants and tested their effectiveness for enhanced oil recovery (EOR), finding that the waste-derived chemicals could significantly reduce oil-water interfacial tension, alter reservoir rock wettability, and improve oil production. The best-performing formulation - a blend of nonionic and anionic surfactants derived from waste cooking oil combined with isopropanol - increased total oil recovery to 79% in laboratory sand-pack flooding experiments. The study found that performance was strongest at a salinity of 100,000 ppm and a temperature of 50C, where stable Winsor Type III microemulsions formed and reservoir wettability shifted from strongly oil-wet to water-wet conditions. The authors argue that converting waste cooking oil into EOR surfactants could provide a lower-cost, more environmentally friendly alternative to conventional oilfield chemicals while creating a productive use for a problematic waste stream. (Scientific Reports)

Carbon ratings agency BeZero Carbon said independent legal reviews have concluded its activities fall within the scope of the EU's new ESG Ratings Regulation, as the company prepares to seek recognition under the regime ahead of its July implementation.

Football's CO2 fever - The 2026 World Cup in North America will generate over 9 mln tonnes of GHG emissions - making it the 'most polluting World Cup of all time', according to research by Scientists for Global Responsibility, the Environmental Defense Fund (EDF) and Cool Down. That's equivalent to 6.5 mln cars being driven for a whole year, and Play the Game - an initiative by the Danish Institute for Sports Studies, goes even further, putting the event's carbon footprint as high as 70 mln tonnes. The Fédération Internationale de Football Association (FIFA) aims to halve its carbon emissions by 2030, and become net zero by 2040, but its words aren't backed up by action, wrote Carbon Market Watch (CMW). The analysts critique the 2026 tournament for expanding in size, and hence carbon emissions, and calls for a downsizing of these events to improve the sport's sustainability.

A standard-setting body has approved its methodology for cutting methane emissions from rice cultivation, saying it will expand the possibilities for high-integrity reductions from sustainable agriculture.

More 6.2 – Kenya and Norway have signed a Statement of Intent to negotiate a bilateral agreement under Article 6.2 of the Paris Agreement. The deal was struck on the sidelines of the UNFCCC climate conference in Bonn, the Office of Kenya’s Special Envoy on Climate Change said on Linkedin. Pacifica Ogola, director of climate change at Kenya’s Ministry of Environment and Forestry, has decided to set a 10-million cap on ITMO transfers through to 2030, she announced earlier.

Regulatory uncertainty is still weighing on the development of clear price signals for Phase 1 of CORSIA, but supply of credits should ramp up over next 12 months, a webinar heard Wednesday.

A cement producer has launched an industrial-scale carbon capture test platform in southern France to validate technologies under real-world cement plant conditions, it announced Wednesday.

Tech giant expands access to its carbon credit service to qualified companies in the UK, offering businesses a new way to invest in 'high-quality' offsets as part of their broader decarbonisation strategies.

As carbon markets undergo an integrity reset, treating women’s inclusion as a co-benefit is no longer enough – inclusive finance can help make their contributions measurable, verifiable, and central to the credibility of carbon projects.

Thailand's parliament is expected to pass its Climate Change Act sometime in 2027, but the planned emissions trading system (ETS) is unlikely to impose compliance obligations until close to 2030, according to a legal expert who said many important design features remain undecided.

New alliance - Carbon EX, which operates a voluntary marketplace, has formed a business alliance with Sumitomo Mitsui Banking Corporation (SMBC) for services regarding the creation and trading of domestically issued J-Credits. The two companies said they seek to support corporate clients' decarbonisation efforts and expand the supply of J-Credits. They are also working on a carbon project backed by the Tokyo metropolitan government, which bundles energy-saving equipment installations for smaller companies.  

A CO2 removal market that only a few years ago was dominated by climate-tech experimentation and future promises is entering a more mature, execution-focused phase, with investors, buyers, and policymakers increasingly prioritising delivery, financeability, and infrastructure over ambitious announcements, according to a new report.

Carbon finance has become the dominant driver of investment and growth in the clean cooking sector, according to a new industry assessment that suggests companies without crediting programmes are increasingly struggling to attract capital and scale operations.

Several Latin American countries crossed major milestones in the operationalisation of Article 6 markets last week, signalling a shift from years of institutional preparation towards the first wave of actual carbon transactions under the Paris Agreement.

VCS revamp complete - Verra has completed the operationalisation of its VCS Version 5 with the release of updated versions of various templates, it announced on Tuesday. This means that all project proponents can begin using the new version, Verra added. In addition to project description, monitoring report, and validation/verification report templates, the new releases include other new templates and documents related to environmental and social safeguards. The updated templates must be used for all project requests submitted after Jan. 1, 2027, including projects with audits that are already underway, Verra noted. If project proponents anticipate that their initial registration request, verification approval request, or crediting period renewal request will be submitted after this deadline, both project proponents and VVBs must transition to the use of the new templates. The voluntary standard said it will host training sessions on all VCS Version 5 updates, including how to use the new templates, later in 2026.

A diverse group of market actors are playing a decisive role in shaping soil carbon markets, but their growing influence is raising concerns over farmer autonomy, governance, and the effectiveness of carbon farming as a climate solution, according to a new analysis.

Migration milestone – A spokesperson for Winrock International confirmed to Carbon Pulse on Tuesday that the migration of both the ACR and Architecture for REDD+ Transactions (ART) to ICE GreenTrace has been completed, transferring approximately 437.8 mln serialised carbon credits and more than 40,000 documents from 1,162 projects and programmes to 857 Registry Account Holders from issuance to retirement. The transition moved over 25 years of emissions reduction and removals data across 857 registry account holders in what was described as one of the most complex registry migrations undertaken in the carbon market.

Mexican carbon project developers are increasingly preparing for a future in which domestic climate goals and the country’s emissions trading system (ETS) take precedence over international carbon credit exports, following fresh signals from the government that authorisations for overseas use may not be a near-term priority.

An initiative aimed at supporting Tribal Nations in the US navigate the growing carbon removal (CDR) landscape launched on Tuesday three guides for ensuring decision-making around the sector reflects Tribal priorities and goals.

California’s proposed carbon capture, utilisation, and storage (CCUS) and removal (CDR) regulations have drawn competing calls for broader project eligibility, tighter definitions, stronger community safeguards, and lighter-touch treatment of federally regulated geologic storage, according to public comments submitted to state regulator ARB.

REDD+ rating - French nature-based carbon standard Equitable Earth's M002 REDD+ methodology has been rated low risk by UK-headquartered ratings agency Sylvera, the former announced on Tuesday. The methodology's 3/10 score is one of Sylvera's highest ever for a REDD+ methodology, Equitable Earth said.

Fashionable move - Burberry has postponed its net zero emissions target from 2040 to 2050, citing improved understanding of greenhouse gas emissions across its value chain, enhanced data collection and measurement methods, and updated science-based methodologies, Edie has reported. The company stated that broader industry developments and economic conditions also influenced the revision. Alongside the new timeline, Burberry released its first Climate Transition Plan, aligned with the Paris Agreement’s 1.5C goal, reaffirming its commitment to achieving net zero emissions across both operations and supply chains. Under the revised plan, Burberry will maintain its target of reducing Scope 1 and Scope 2 emissions by 95% by 2027, compared with 2017 levels, and sustain this reduction through 2050. For Scope 3 emissions, it aims to cut non-Forest, Land and Agriculture emissions by 46.2% by 2030 and 90% by 2050, relative to a 2019 baseline.

US-based standard body Climate Action Reserve (CAR) is seeking feedback on a proposed update to set a standard permanence commitment period of 40 years.

Risks of 'hot air' credits - The first two projects - PoA 10471 and PoA 10415, both clean cookstove projects in Myanmar - approved for use under Article 6.4, the Paris Agreement Crediting Mechanism (PACM) have been found to hugely overestimate their climate impact by Carbon Market Watch (CMW). This is despite efforts to rein in overcrediting, which didn't downsize the crediting sufficiently enough - leaving PoA 10471 likely over-credited by a factor of seven over the authorised monitoring period, the watchdog said. The project's original 1.1 mln credits received a 40% haircut in the adjustment, but a 92% haircut would have been needed to reflect the actual likely climate impact of the project, it said. Issues with over-crediting include the omission of 'stacking' - whereby beneficiaries use other more polluting cookstoves that aren't monitored by the project. CMW urges all countries  to hold off on approving or purchasing credits from CDM transition projects until they pass an independent quality check, and warns that allowing poor-quality CDM credits into the PACM will ultimately undermine the latter's credibility and efforts to reign in climate change.

An air traffic controller has agreed to buy £500,000 of durable removal credits from a diverse range of projects, as part of a UK Sustainable Aviation coalition that has pledged £2 million to stimulate the carbon removal (CDR) market.

A Danish cement producer has secured up to DKK 16.5 billion (€2.2 bln) in state support for a large-scale carbon capture and storage (CCS) project expected to remove up to 1.25 million tonnes of CO2 a year from 2030, it announced Tuesday.

Researchers, environmental organisations, and carbon market experts are urging the industry to look beyond traditional buffer pools and adopt a wider range of tools to ensure the long-term durability of nature-based carbon credits – using a new "unified framework".

A Japanese corporate giant is seeking more partners to pioneer direct ocean capture (DOC), after announcing it was developing a pilot plant following two years of research by an institute in Finland.

Forestry-based carbon projects that are government-led and factored into national accounting systems can achieve landscape-scale change, with credit prices trading at a premium, say experts.

A UK-headquartered carbon and energy trading outfit has opened a new office in Amsterdam, as it looks to expand its presence across France, the Benelux region, and continental Europe.

Zambia has signed a new agreement to advance jurisdictional climate action, formally integrating a major forest carbon project into its provincial framework.

A United Nations technical review has identified significant weaknesses in Malawi’s reporting and governance arrangements for participation in international carbon markets under Article 6 of the Paris Agreement, raising concerns about transparency, accounting practices, and environmental integrity.

Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.

A US climate platform is seeking more than 100,000 carbon removals (CDR) and super pollutant mitigation credits, with a particular focus on projects in Southeast Asia, Latin America, and island nations, it announced.

Trading activity on Indonesia’s carbon exchange continued to weaken in May, with volumes and transaction values falling to a 10-month low as deals stayed confined to smaller spot transactions, exchange data showed.

Kenya has set a 10-million credit budget capping the volume of Internationally Transferred Mitigation Outcomes (ITMOs) that can leave the country under Article 6 through to 2030, a senior official told a carbon markets side event at the SB64 UN climate talks.

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.