Producers cut their California Carbon Allowance (CCA) net length, largely via reductions to Auction Clearing Price (ACP) holdings, while investors added exposure to the market, the latest report by the US Commodity Futures Trading Commission (CFTC) showed.

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.

Waste not, watt not – Ontario is proposing changes to the Environmental Protection Act and its Renewable Energy Approvals regulation to recognise the biogenic portion of municipal solid waste as a renewable energy source and allow certain Energy from Waste facilities to use a single Renewable Energy Approval process. The Ministry of the Environment, Conservation and Parks said residual municipal waste used by such facilities is estimated to contain 45-55% biogenic content, including wood, food waste, fabric, and soiled paper, but Ontario currently provides limited recognition of that portion compared with other Canadian jurisdictions. The proposal would update the definition of biomass and create a new thermal treatment class for facilities that incinerate municipal waste containing biogenic content, which the province said could support investment in Energy from Waste, reduce landfill volumes, and increase energy recovery from waste. Feedback on the proposal, posted under ERO number 026-0595, is open until July 20, 2026.

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.

Data demand – US data centres could consume 649 TWh of electricity by 2030 under a reference case, equal to 11.8% of total US electricity use, with scenario results ranging from 521-843 TWh, or 9.5-15.3%, according to a new Lawrence Berkeley National Laboratory update. The report estimated US data centre electricity use at 192 TWh in 2024, or 4.7% of national consumption, and said growth is being driven mainly by the deployment of GPU- and ASIC-accelerated servers for AI workloads. Under the reference case, AI servers would account for 84% of total server energy use and 55% of total data centre energy use by 2030, while projected electricity demand would translate to 148 GW of interconnection capacity, assuming a 50% average utilisation rate.

Onboarding guide – DNV has published a recommended practice for onboard carbon capture and storage (OCCS), establishing a standardised framework for measuring and verifying the performance of systems installed on ships, Marine Link reported Monday. The guidance comes as the International Maritime Organization is developing OCCS rules, expected by 2028. DNV said OCCS could offer a decarbonisation pathway for much of the existing global fleet, estimating that CO2 offloading infrastructure at 20 major ports could reduce total world fleet emissions by 9%.

California sued the Trump administration on Monday over the US EPA’s decision to reclassify four state clean air waivers as rules subject to congressional review, arguing the move threatens the state’s authority to enforce long-standing vehicle and equipment emissions standards.

The US Supreme Court (SCOTUS) has denied a petition by a Georgia-based refrigerants company to review the EPA’s phasedown of hydrofluorocarbons (HFCs).

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.

The Western Balkans’ ageing coal plants are breaching legal pollution limits and operating beyond closure deadlines, despite pressure from the EU’s Carbon Border Adjustment Mechanism (CBAM), an NGO has warned.

The Brazilian state of Mato Grosso do Sul will launch a tender worth $80 million for the commercialisation of carbon credits in the coming days, Governor Eduardo Riedel said, tying the initiative to productivity gains, planted forests, and payments for environmental services.

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.

EU Allowance auction volumes are to be adjusted downwards after the first of two fundraising mechanisms to help the European Union speed its transition away from Russian fossil fuels reached its revenue target on Monday, the European Commission said on Monday.

A US tech platform increased carbon removal (CDR) spending by nearly 30% in 2025, while also adding biochar credits to its portfolio.

Two large private funding vessels announced carbon finance disbursements last week, while public-sector commitments have companies contemplating looming compliance carbon prices.

Amazon decided to open its carbon credit service to qualified UK companies after hearing from many that they were scared to even dip a toe in the carbon market, as required by the tech giant's Climate Pledge, a company official said on Monday.

CDR warning – Voluntary carbon markets alone cannot deliver carbon removal at climate-relevant scale and must be backed by robust public policy, according to a new analysis by Clean Air Task Force (CATF). CATF says Microsoft’s pause on carbon removal credit purchases underscores that even large, high-integrity corporate buyers cannot scale durable CDR to the multibillion-ton levels needed, potentially up to 10 billion tonnes a year. The group argues governments must “do the heavy lifting” by funding the full innovation pipeline, expanding incentives such as the US 45Q tax credit, building shared transport and storage infrastructure, and hard-wiring CDR into strategies and procurement programmes in jurisdictions like California and Colorado.

A UN agency outpost in Djibouti has joined a compliance carbon pricing initiative active in several African countries, as an observer and strategic advisor.

Mining industry hit by EU CBAM – The mining industry in South Africa is racing to cut power-related emissions as the EU’s Carbon Border Adjustment Mechanism (CBAM) fully bites, reports Cape Business News. CBAM’s entry into effect on Jan. 1 this year has shifted EU climate rules into an immediate commercial threat, turning carbon intensity into a critical pricing factor for iron, steel and aluminium exports. Miners can act fastest on electricity use via renewable PPAs, said Lyra Energy’s Liesel Kassier, warning firms that cut Scope 2 emissions now will better defend prices in increasingly carbon-sensitive markets.

A team of Swiss researchers has developed a lab-tested direct air capture (DAC) material made from food-processing waste, which they say could offer a lower-energy and potentially cheaper route to removing CO2 from ambient air if it can be scaled.

Scottish solar surge – Scottish households have sharply increased uptake of solar panels and heat pumps since Russia’s invasion of Ukraine drove up gas prices, new analysis shows. Scotland now has 52 solar PV systems per 1,000 households, compared with 44 in England, almost double the Scottish rate in 2019, according to data from the Microgeneration Certification Scheme, analysed by the Energy and Climate Intelligence Unit (ECIU). Aberdeenshire and Stirling have reached around one in 10 homes with solar. Heat pump deployment has also “sharply” accelerated, with more than 17 air source units per 1,000 households in Scotland versus around nine in England.

Rock steady – Frontier, the carbon credit buyers club, has approved Puro.earth's Enhanced Rock Weathering (ERW) 2025 methodology for use by its members. Frontier recently committed to buy $1.8 billion of permanent carbon removals between 2022 and 2040, doubling its previous commitment. It is the second Puro.earth methodology to earn Frontier's endorsement, following the club's 2024 approval of Puro.earth's Geologically Stored Carbon methodology. Frontier was launched in 2022 with $925 million in commitments by tech companies Stripe, Alphabet, Shopify and Meta and global management consulting firm McKinsey.

German agency seeks African advisor – German development agency GIZ is seeking a junior advisor in Pretoria to support the South African component of its Article 6 Connect project, which aims to help South Africa and Ethiopia participate in international carbon markets under the Paris Agreement. The project, implemented on behalf of Germany’s Federal Ministry for Economic Cooperation and Development, focuses on capacity building around Article 6, including support for regulations, processes, instruments, and platforms needed for participation in international carbon markets. The advisor will support coordination with South Africa’s Department of Forestry, Fisheries and the Environment, help organise technical meetings and workshops, prepare reporting and communication materials, and assist with tender packages and consultant coordination. Applications close July 3, with the role running until July 31, 2027.

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.

The forthcoming integration of domestic carbon removals (CDR) into the UK's Emissions Trading Scheme (ETS) is a way of incentivising investment in the market and "future-proofing the ETS", regardless of fluctuations in political appetite on net zero over time, a UK government official said at London Climate Action Week.

The Gambia’s national biodiversity plan has explored payments for ecosystem services (PES) and carbon credits as innovative tools for raising financing for conservation.

Big African biochar - Africa's first industrial-scale biochar project has opened in Cote d'Ivoire, using cashew waste, the news outlet Ecofin Agency reported. The Attinguie facility, developed by Singapore-based Valency International and Revata Carbon, uses cashew nut shells as feedstock, which could boost revenues for the countries cashew industry as biochar demand grows – and an opportunity to generate carbon credits. The facility has a stated capacity to process 20,000 tonnes of cashew shells a year, and produce around 6,000 tonnes of biochar. The operators are reportedly planning to expand this capacity to 100,000 tonnes of annual biochar production by 2029.

Gold Standard has published updated climate responsibility guidance that gives companies more detailed recommendations on indirect abatement, ongoing emissions responsibility, and credible climate claims.

Security requirements in long-term nature-based (NbS) carbon removal offtake agreements could increase developers’ financing needs and push up credit prices, particularly for early-stage projects in the Global South, a new report has warned.

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.

Green steelmakers have urged the European Union to resist calls for freezing the bloc’s Emissions Trading System (ETS), warning that weakening the carbon market would undermine investment in low-carbon steelmaking.

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.

Fuel aid – The European Commission has approved two schemes, one for €212 mln in France and another amounting to €15 mln in Ireland, to support agricultural and aquaculture companies facing increased fuel prices due to the Middle East crisis. The French aid will cover additional costs resulting from the war for non-road diesel fuel purchased during the four-month period running from May to Aug. 2026. It will take the form of direct grants based on the volume of fuel purchased, with firms able to receive €0.15 per litre. The Irish initiative is meant to cover the additional fuel costs incurred during the five-month period from Mar. to July 2026, also in the form of direct grants. For owners of vessels under six meters in length, the aid will be a flat rate of €350, while for owners of vessels of six metres or greater, support will be calculated based on receipted expenditure up to a maximum of €0.40 per litre of fuel. The Commission approved both schemes under the Middle East Crisis Temporary State Aid Framework (read more).

A German multi-service group has entered a technology partnership to support a Munich-based direct air capture (DAC) company’s first larger demonstration plant in Germany, with the cooperation due to begin in 2027.

Tanzania has filed its Initial Report under Article 6 of the Paris Agreement, a step that will enable the country to take part in international carbon markets and set the stage for CORSIA‑eligible credits from clean cooking projects, a cookstove developer announced 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.

European carbon allowance prices jumped by more than €1 late in the session as aggressive options hedging drove prices to their highest in more than four months, after the strongest auction result in two weeks signalled the completion of the first of two fund-raising efforts to smooth the EU's transition away from Russian fossil fuels, while UKAs slumped on news that the long-anticipated EU-UK summit to discuss market linking would be postponed after the resignation of the British prime minister.

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).

Buyer group Frontier has approved an enhanced rock weathering (ERW) methodology developed by a Helsinki-based carbon crediting platform for suppliers selling carbon removal credits.

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.

Green finance vs red tape – The EU’s efforts to channel private capital into climate action risk stalling unless Brussels better aligns its sprawling sustainable finance rulebook with actual market practice, a new Bruegel policy brief warns. The paper finds the EU’s “double materiality” model and taxonomy-centric approach have left Europe out of step with investor-led standards developed by the International Sustainability Standards Board (ISSB) and the International Capital Markets Association (ICMA), which dominate global green bond markets. Even the EU’s own €80-billion-plus NextGenerationEU green bond programme relies on ICMA principles rather than the bloc’s new European Green Bond Standard, underscoring market scepticism about Brussels’ more prescriptive rulebook, the brief warns, calling for a more market-driven, globally compatible framework.

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.

A new analysis by Rystad Energy has found no evidence that the European Union’s methane rules are contributing to current oil and gas price increases or supply pressures, attributing market volatility instead to geopolitical disruptions.

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.

Carbon credit registry and certification body Isometric closed a $40 million Series A to expand its artificial intelligence (AI) certification platform across the $350 billion industrial certification market, according to a company statement.

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.

Bloomberg Philanthropies has pledged $285 million to strengthen clean energy industries in emerging and developing economies, according to a company statement.

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.

More than 100 companies, including multinationals such as Ikea, Unilever, Siemens, and EDF, issued a statement on Monday urging governments to put electrification at the heart of economic and industrial policy, warning that continued reliance on fossil fuels is driving volatility and higher costs.

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.

Biofuel blueprint – North Carolina-based Honeywell will provide modular process technology and automation controls for Acelen Renewables' planned biofuels refinery in Bahia, Brazil, the company announced on Wednesday. Acelen said the project would support the production of lower-emission fuels while promoting biodiversity and sustainable economic development in the region. The Bahia facility is expected to be among the world's largest biofuel refineries once operational, according to the companies. Honeywell added that their Ecofining process efficiently converts waste fats, oils, and greases into renewable diesel and SAF that can reduce GHG emissions by up to 80% when blended with conventional jet fuel.

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.

Extending the EU’s carbon market to cover all flights departing the European Economic Area (EEA) would have only a marginal impact on airfares and passenger demand, while generating billions of euros annually for climate action, according to a new study commissioned by Carbon Market Watch (CMW).