Carbon custodians – The Satoyama Mace Initiative, a transnational climate action and sustainability platform hosted at Taiwan’s National Cheng Kung University and endorsed by the International Partnership for the Satoyama Initiative, has formally onboarded Bombay’s Indigenous Peoples Association (BIPA), which represents the East Indian/Mobaim Mulvasi Indigenous community in Mumbai, into the Global Indigenous Partnership for Climate Action (GIPCA). The move marks GIPCA’s first South Asian regional partnership and creates a collaboration focused on Indigenous stewardship, biodiversity conservation, and nature-based climate solutions, with BIPA contributing traditional ecological knowledge and field networks while the Initiative provides carbon accounting, remote sensing, monitoring, and access to climate finance systems.

CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM).  

A microscopy-based method could help assess whether biochar material has been sufficiently carbonised for long-term storage, a new study has found.

ERW supply - Mati Carbon has received its first credits, a total of 717 CORCs, under the Puro Standard's enhanced rock weathering (ERW) methodology for a project in Chhattisgarh, India. The issuance credits the company's use of basalt-based enhanced rock weathering on smallholder rice paddy farms, where crushed basalt is applied to soils to accelerate natural carbon sequestration.

The vast majority of carbon projects developed under the Kyoto Protocol's Clean Development Mechanism (CDM) are set to miss a Tuesday deadline to enable them to transition to UN crediting under the Paris Agreement, leaving many legacy projects outside the new scheme.

Singapore Airlines said climate‑related compliance costs were financially material, with exposure projected at between SGD 50-200 million ($38-155 mln), and high risk impacts above that.

Conservation finance risks creating a "monoculture" by relying too heavily on carbon markets, a prominent Singaporean conservation scientist has warned.

The UNFCCC’s latest draft procedure for the Article 6.4 mechanism registry sets out requirements for real-time public reporting of registry activity, detailed first-transfer rules, and proposed account fees for the Paris Agreement Crediting Mechanism (PACM).

Greenlight - A Mongolia-based emissions reduction project has been successfully registered under the Joint Crediting Mechanism (JCM), according to a notice by the joint committee between Japan and Mongolia. The project aims to cut emissions by some 6,300 tonnes per year through a planned 5 MW solar PV system and 3.6 MWh battery energy storage system in Zavkhan province. So far, around 129,320 credits have been issued under the Japan-Mongolia JCM partnership.

Potential in turf - Japanese biochar developer Towing has teamed up with domestic partners to jointly develop environmentally friendly turf and create carbon credits under the J-Credit programme, it announced Monday. While the J-Credit methodology (AG004) has strict restrictions on the farmland on which it can be cultivated, there are no restrictions on the crops. Turf, as a greening material, may meet these requirements, Towing argued. The demonstration will begin this year, and the companies will consider pursuing the creation of carbon credits next year.

An investigation into cookstove projects in India's Karnataka state has found that some rural households rarely used the stoves they received, were unaware they were participating in carbon credit schemes, and did not receive any share of the revenues.

From waste to fuel - A group of South Korean researchers have developed a technique that can convert wet spent coffee grounds into solid fuel in 90 seconds, with minimal emissions generated. The energy-efficient solution, utilising atmospheric flame plasma, has overcome the economic and technical bottlenecks associated with conventional drying-based processes, according to a new paper, led by authors from the Korea Institute of Geoscience & Mineral Resources. Over 10 mln tonnes of spent coffee grounds (SCG) are generated annually as global coffee consumption increases.

Shuffling soil - Australian agtech company Loam Bio announced Rob Hranac as its incoming CEO as of July 1, The Australian reported. The company announced that co-founder Guy Hudson would transition from CEO duties to become executive chairman. US-based Hranac was previously the chief operating officer of US company Lithos Carbon and will now helm Laom Bio from there. The NSW company is looking to move into the Brazil market to help farmers retain soil moisture, however Hudson and Hranac told the newspaper they aim to become a publicly listed company.

Coming soon - Officials from 11 member countries of the Central Asia Regional Economic Cooperation (CAREC) programme met in Tashkent last week to develop a regional approach to carbon markets under Article 6 of the Paris Agreement, according to a press release. Participants assessed gaps in carbon market readiness, exchanged lessons on generating carbon credits, and discussed private sector requirements for attracting carbon finance. The meeting also advanced work on a regional carbon market readiness plan and identified joint actions to improve access to international carbon markets.

Farm‑level greenhouse gas accounting methods remain fragmented and require urgent harmonisation efforts, with estimates for the same farm varying by more than 1,000%, a study said.

Green methanol MoU - ASX-listed Gold Hydrogen and Mitsubishi Gas Chemical (MGC) have signed a MoU to explore the potential development of a green methanol production facility on the Yorke Peninsula in South Australia, the company announced on Monday. MGC, an existing shareholder of Gold Hydrogen and a unnamed methanol producer, seeks to utilise the naturally occurring hydrogen discovered by Gold Hydrogen’s Ramsay Project as feedstock. Under the MoU, the parties will first undergo a pre-feasibility study to determine whether the natural hydrogen can meet supply specifications and delivery conditions. Green methanol is an alternative fuel for the shipping industry that delivers up to 95% lifecycle emissions reductions compared to traditional fuel. The global methanol market is estimated at $36 bln, according to the announcement.

Vietnam's newly launched domestic carbon exchange opened trading on Monday with carbon allowances priced at VND 136,000 ($5.20) per tonne of CO2e, marking the pilot’s first official transaction as the Southeast Asian prepares to roll out an emissions trading scheme.

Downgrade - Japanese automaker Honda has revised down its 2031 emissions reduction targets, according to its ESG report published Monday. The targets were revised across its various arms, with its motorcycle business now aiming to reduce product CO2 emissions intensity by 15%, compared to the previous target of 34% by Mar. 31 2031. It's automobile business will now only target 13.4% from 28.2%, and its power products business now aims for a 13.4% from 28.2% reduction by the same date. The company said the revisions reflect its reassessment of its powertrain portfolio and product launch plans in response to changes in market conditions and developments in trade policies.

Soil, paddy projects drive income- The Dhamtari district administration signed a partnership with climate‑tech firm Prithu to establish the Indian state of Chhattisgarh’s first Model Carbon Agriculture district, local media reported. The initiative is expected to channel INR 2.5 bln ($26.5 mln) in additional income directly to local farmers by generating international carbon credits. Two projects will be rolled out: a soil organic carbon programme revitalising 80,000 ha to boost fertility and water retention, and an alternate wetting and drying paddy scheme across 30,000 ha to reduce water waste and methane emissions while maintaining yields.

Indonesia has signed a memorandum of understanding (MoU) with a US-based nonprofit to explore opportunities for reducing emissions from its forests, with a focus on jurisdictional REDD+ approaches.

Sunny days - The Philippines has become the world's fastest-growing market for rooftop solar installations, driven by soaring electricity prices following the Iran conflict, Reuters reported. Chinese customs data showed the country imported $407 mln worth of solar panels in the three months to May, up 145%  from last year. Installers reported a sharp rise in customer enquiries as households seek to reduce power bills, with payback periods for solar systems shrinking to just over three years. Analysts cited by Reuters expect the Philippines' distributed solar capacity to nearly triple to 3.5 GW within two years.

New target - Indonesia's state-owned mining company MIND ID aims to cut greenhouse gas emissions by 15.5%, or around 2 MtCO2e, by 2030 despite expecting its energy demand to almost double as the government expands mineral downstream processing, Antara reported. MIND ID plans to curb emissions by increasing biodiesel use, switching from diesel to LNG, expanding renewable energy, and participating in carbon markets. It added that lower-carbon production would help improve the global competitiveness of Indonesian mineral exports.

NGO requests probe - Nonprofit, the Australian Conservation Foundation (ACF), has requested a Senate inquiry into the fossil fuel industry’s influence on children, following a report revealing the industry’s presence in the far reaches of Australian childhood settings, it announced Monday. The report, published by climate communications NGO Comms Declare, found 260 publicly documented programmes across schools, museums, science centres, early learning programs and scholarships, run or funded by the fossil industry. The report found more than A$50 mln ($34.4 mln) in disclosed funding for just six of the programmes. Woodside and Santos, Australia’s two largest oil and gas producers, are among the companies the ACF is calling on the federal government to investigate.

Battery boost - The Australian Renewable Energy Agency (ARENA) has committed A$45 mln ($31 mln) to support Siconoa Battery Technologies' advanced silicon-carbon battery anode material, it announced. The funding is being delivered through the Battery Breakthrough Initiative, to support construction and operation of a commercial-scale demonstration facility producing the company's next generation battery materials. Sicona's SiCx technology seeks to boost battery density by 20% and enable up to 40% faster charging speeds compared to conventional graphite, while remaining compatible with existing production lines. The project supports the development of next-generation battery technologies and boosts Australia's role in the global battery supply chain, ARENA CEO Darren Miller said, with samples of SiCx produced at the facility to be sent to global battery and EV manufacturers to secure offtake agreements.

Next steps – Swiss carbon finance company South Pole is in discussions with state-owned utility firm PLN Indonesia Power over a possible extension to a carbon trading agreement, the power company said on LinkedIn late last week. The talks could see an extension of PLN’s Emission Reduction Purchase Agreement with South Pole for its Gunung Salak Geothermal Power Plant. The duo are also looking at other ways to expand carbon crediting across PLN’s power portfolio, according to the LinkedIn post.

Solid storage – Shanghai Qiyao Technology Group said this week that the UN maritime agency IMO has given in-principle support to two proposals aimed at recognising onboard carbon mineralisation as a form of permanent CO2 storage. The company said the process converts CO2 captured from ships into stable minerals that can be used in construction materials, offering an alternative to geological storage. One proposal outlined the technical and environmental case for recognising mineralisation as permanent storage, while the second documented a demonstration project covering onboard CO2 capture, transport, and final mineralisation.

A prominent Iwi leader has filed a case in New Zealand’s High Court challenging the government’s amendments to block tort-based climate litigation.