A government-led coalition of 11 countries plans to publish a non-binding policy playbook at COP31 to guide national measures aimed at increasing demand for high-integrity carbon credits, it announced Tuesday.

Coffee (CO)2 go – COFCO International, an overseas agribusiness platform of China’s COFCO Corporation, has signed an MoU with a fund managed by Patria Investments, a Latin America-focused global alternative asset manager, to explore sustainable agricultural supply chains and carbon removal credits in Brazil. The agreement includes assessing opportunities tied to coffee, other agricultural commodities, low-carbon logistics infrastructure, and Patria’s Reforest Fund, which focuses on natural capital projects combining ecological restoration with productive land use. The companies said the work could support climate-resilient and regenerative farming practices, restoration of degraded and underutilised land, farmer engagement, capacity building, sustainable livelihoods, and the evaluation of carbon credit generation aligned with recognised standards.

CORSIA futures sank to fresh two-year lows last week, with benchmark contracts slipping further below $10/tonne as uncertain sentiment over demand continued, while there were some positive signals in terms of retirements in the wider voluntary carbon market (VCM) amid an ongoing refocusing on quality.

Project developers working on nature-based carbon are trapped within a structural catch 22 whereby an offtake is necessary to receive investment, but funding is required to secure an offtake, according to a report launched at London Climate Action Week (LCAW) on Monday.

The UK’s seventh carbon budget and its net zero ambitions are under threat from a car industry “stuck in the past” that needs to “wake up and smell the coffee”, a leading academic and former government adviser warned Monday.

Pakistan’s FY2026‑27 federal budget introduced a Climate Support Levy and raised petroleum and gas surcharges, while reducing royalties and off‑grid levies compared to the previous year.

India's fast-growing biochar industry could become overcrowded within three to four years as a multitude of developers deploy projects across the country, with consolidation already beginning among smaller operators, a developer told Carbon Pulse.

Private investment in nature increased from $2.8 billion in 2016 to over $14 bln in 2025, reflecting growing momentum in a market that includes environmental credit-linked deals, a report said on Monday.

A Mozambique mangrove restoration project covering 155,000 hectares across 750 km of coastline has been validated under Verra’s VM0033 blue carbon methodology, becoming the largest such project in Africa to meet the standard, its developer said Monday.

If governments are willing to suspend tax rules to host a football tournament, they should consider doing the same for verified carbon and recycling credits to unlock the private capital needed for climate action.

Huge volumes of low-emission hydrogen projects are under threat of being mothballed without policy backing, warns the International Energy Agency (IEA).

Japan's coal-fired power plants may see their annual demand for emission allowances exceed 10 million units by 2030, if they maintain current output levels, according to modelling by the consulting arm of a major financial group.

A public battle between a Singapore-based exchange that also trades in carbon credits and an activist short seller has escalated into a dispute over market integrity and governance, drawing scrutiny to Asia's leading commodity and carbon trading hubs.

South Korea blue carbon – The Korea Fisheries Resources Agency held a series of workshops this month across seven regions to support its Sea Forest Carbon Trading pilot project, according to news outlet Tridge. The sessions were aimed at local government officials and fishers already involved in the project, as well as those interested in joining. The agency began the workshop series in the Incheon-Gyeonggi region on June 10, followed by sessions for Chungnam-Jeonbuk on June 11, Jeonnam on June 12, Busan-Gyeongbuk on June 17, Gyeongnam on June 18, and Jeju on June 19.

It can work – Japan's Carbon Zero Global said it has obtained a feasibility assessment for a Vietnamese afforestation project being developed with local partner Infinity Invention, finding the project could generate around 75,934 carbon credits over 2025-65. The assessment examined the applicability of Verra's VM0047 afforestation, reforestation and vegetation restoration methodology across about 200 ha of planted forest. The company said the findings support the project's technical feasibility and could pave the way for participation in both voluntary and international carbon markets.

Australian investor interest in funding climate solutions in Asia has jumped in the past year against a backdrop of domestic headwinds, according to a report.

Methane cuts - Australian clean cooking and carbon project developer ATEC has signed an MoU with Bangladesh's PRAN Dairy, one of the country's largest dairy processors, to distribute biodigesters across PRAN's network of more than 16,000 farmers. The partnership forms part of ATEC's project with Livelihoods Carbon Fund 3, a carbon finance fund backed by corporate investors, to deploy 16,000 biodigesters in rural Bangladesh and avoid more than 1 MtCO2e over 15 years. The biodigesters convert livestock waste into biogas for cooking and organic fertiliser, reducing households' dependence on firewood and cutting methane emissions.

Ready to help - Japan's GX-ETS has added three new organisations to its list of officially registered verification bodies, the country's trade ministry (METI) said in a recent notice. They are the Japan Management Association, Sustainability Standard Partners, and SGS Japan. This brings the total number of eligible verification bodies for the national carbon market to 7, according to METI.

New business - GS E&C, the engineering and construction arm of South Korea's GS group, has signed a MoU with global infrastructure investor I Squared Capital to form a joint venture for developing renewable energy projects in the East Asian country. Total investment for their project pipeline is estimated at around KRW 3 trillion ($1.96 bln), and the two companies plan to develop and secure up to 1.5 GW of renewable energy assets by 2035, according to the Korea Times.        

Australia’s National party on Monday introduced an amendment into Parliament attempting to limit what has been described as non-additional carbon credit methodologies from being approved.

Indonesia could slash freight emissions, cut its dependence on imported diesel, and save money in fuel subsidies by electrifying its truck fleet, but high upfront costs and limited charging infrastructure risk locking Southeast Asia’s largest economy into decades of diesel use, according to a new report.

South Korea is seeking to strengthen management across the entire lifecycle of refrigerants, in the hope of reducing hydrofluorocarbon (HFC) emissions and achieving its Nationally Determined Contributions (NDC).

Spot prices in Australia’s carbon market reached year-to-date highs on Friday, as Shell's Prelude FLNG facility faces fresh questions over how it is allocated Safeguard Mechanism Credits (SMCs). 

India has launched a consultation on draft rules that would allow nature-based carbon projects into its emerging carbon market, proposing a risk-buffer system for forest, wetland, mangrove, and soil carbon activities.

An Australian mining company has agreed to charter up to 12 ammonia-ready vessels from a Belgium-based maritime group, it announced Monday.

Cleaning up steel - South Korean steel manufacturer POSCO announced on Monday the completion of the largest Electric Arc Furnace (EAF) in South Korea. EAFs reduce carbon emissions by melting scrap into liquid steel using electric arcs rather than burning coal or gas. The company aims to produce high-quality low-carbon steel by blending the EAF-produced steel with traditional blast furnace steel through a refining process. POSCO invested KRW 600 bln ($390 mln) into the facility, which has an annual capacity of 2.5 mln tonnes. The EAF is estimated to reduce emissions by up to 75% compared to POSCO’s 2017-19 baseline blast furnace emissions.

India’s finance ministry has cleared an INR 197 bln ($2.1 bln) scheme to develop technologies and reservoirs to capture and store carbon emissions (CCUS) from large industrial units such as power plants, steel mills, and cement factories, a domestic business daily reported, citing sources.

Carbon storage funding - Provaris, an ASX-listed CO2 and hydrogen storage developer, announced the completion of a A$1 mln ($700,000) capital raise on Monday. The funds will go towards projects such as the development of prototype storage tanks at the company’s robotic fabrication facility in Norway. Funds will also advance Provaris’s partnership with Singapore-based vessel provider Yinson Production to develop large-scale liquid CO2 tanks for marine storage and transport.