UK-MEX agreement - The Mexican Secretary of Environment and Natural Resources (SEMARNAT) and the UK's Department for Energy Security & Net Zero have signed a Memorandum of Understanding (MoU) on climate, energy, and nature cooperation, SEMARNAT announced on Tuesday. Both countries agreed to accelerate the implementation of Mexico's third Nationally Determined Contribution (NDC), promote low-carbon energy sources and infrastructure, strengthen biodiversity finance mechanisms, and accelerate industrial decarbonisation, among others. The agreement will serve as a framework for International Climate Finance agreements. It adds to the recent update of a long-standing cooperation agreement between the EU and Mexico.

Bonded – The Development Bank of Ecuador (BDE) launched its first green bond, worth $100 mln, on Tuesday, the proceeds of which will be used to finance or refinance eligible climate projects, including renewable energy. Intergovernmental organisation the Global Green Growth Institute (GGGI) helped develop BDE’s green bond framework, which is aligned with the country's NDC, it said. GGGI added that the proceeds from the issuance will help implement the NDC, particularly in water, energy, and mobility.

A carbon ratings agency has acquired an AI-powered sustainability workflow software platform and hired its founding team, as it seeks to expand its analytical and due diligence capabilities amid growing demand for data-driven risk assessment tools in carbon markets.

Lawsuits seeking to block the Trump administration's rollback of climate policies accounted for around one-fifth of all US climate litigation filed in 2025, reflecting an unprecedented shift towards using the courts to defend existing climate rules, according to a report published on Thursday.

A multilateral investment fund has approved $500 million in concessional finance for industrial decarbonisation programmes in Brazil and Mexico, making them the first countries to secure funding under the facility's new Industry Decarbonisation Programme.

Restoring seagrass in coastal habitats could lead to trillions of dollars in carbon credits, US-based researchers said.  

Chile has received a $15 million results-based payment from the World Bank's Forest Carbon Partnership Facility (FCPF) after verifying more than 3 mln tonnes of emissions reductions from native forests under its REDD+ programme.

Disclosures delayed – The California Air Resources Board (ARB) on Wednesday proposed delaying the first reporting deadline under the state's SB 253 corporate GHG disclosure law by three months, from Aug. 10 to Nov. 10, 2026, while it makes limited changes to clarify reporting requirements. ARB withdrew the regulation from final review by the Office of Administrative Law to allow for a forthcoming 15-day public comment period before resubmitting it for approval. The delay applies to first-year Scope 1 and Scope 2 emissions reporting and is intended to give companies additional time following adoption of the final regulation. Scope 3 emissions reporting is still scheduled to begin in 2027.

Brazil restoration project – Brazilian forest project developer re.green and pharmaceutical giant Novo Nordisk announced an alliance to establish a 500-ha restoration project in the Amazon, according to a Tuesday social media post. The project aims to generate 100,000 carbon removal credits aligned with the Integrity Council for the Voluntary Carbon Market (ICVCM) over 20 years of implementation. Activities include natural regeneration, planting of native species, and timber management in the Paragominas forest located in the northern Brazilian state of Para.

An American improved grazing project developer announced its second independent verification in June, furthering the success of this first-of-its-kind project in the US.

Eight global companies joined a coalition on Tuesday to test and help shape hourly carbon-free electricity procurement, as businesses move beyond annual renewable energy matching toward 24/7 clean power strategies.

Few markets have faced as severe a reputational battering as the REDD+ avoided deforestation sector in the last couple of years, but new standard body Equitable Earth (EE) plans to restore faith in saving tropical forestry with a fresh approach that is already set to protect an area the size of Portugal, the chief executive told Carbon Pulse this week.

The greenhouse gas intensity of Canadian oil sands production declined for a 13th consecutive year in 2025, extending a long-running trend driven by operational efficiencies, technology deployment, and a shift towards lower-emitting production methods, according to new analysis published by S&P Global Energy.

Protected areas (PAs) in the Brazilian Amazon prevented the deforestation of more than 29 million hectares between 1985-2024, playing a critical role in biodiversity conservation and climate mitigation, according to a pre-print study.

Verra has signed a multi-year partnership worth more than $1 mln with two software firms to deploy AI-enabled customer service and contract workflow tools across its systems, it announced Tuesday.

EU, Canadian, and Chinese climate leaders opened the 10th Ministerial on Climate Action (MoCA) in Brussels on Monday, urging governments to accelerate the clean transition and use the talks to build political momentum ahead of COP31 in November.

An Israel-based agricultural technology company has issued its first verified carbon removal (CDR) credits, with plans to “disrupt the global CDR market”, according to its CEO.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has launched the first of a series of modules to help organisations navigate high-integrity carbon markets. 

Twelve investors and one supporter have endorsed the Tropical Forests Forever Facility (TFFF), sharing a joint statement at London Climate Action Week (LCAW) and calling for more signatories ahead of the UN’s upcoming biodiversity talks in October.

A coalition of governments – including the COP30, COP31, and COP32 presidencies – have launched a platform to speed up electrification of the global economy, they announced on Tuesday as part of London Climate Action Week.

Support for a fossil fuel treaty is at its highest, with groups calling for a mechanism to manage the phasedown of fossil fuels in a just and equitable way, according to a report released on Tuesday.

US expansion - Sydney-headquartered New Forests, a nature-based asset investment manager, has expanded its footprint in the US with an acquisition of 44,200 acres of plantation forest in Washington State, it announced on Tuesday. The company plans to explore opportunities for carbon project development on the land while maintaining an active harvest programme. Other US-based assets are located in California, Oregon, and the southern region. This follows the kickoff last Monday of New Forests’ A$1 bln ($700 mln) equity raise for its first global fund, addressing interest from institutional investors in forestry, agriculture, and the carbon and biodiveristy markets.