Renewables were the fastest growing energy source in 2025, but global energy emissions still ticked up 1.1%, driven by an expansion of fossil fuel use in the US, found a report.

Cross-Atlantic carbon collaboration - The UK and Quebec have signed a MoU to strengthen collaboration on emissions trading policy and leadership on carbon markets, the former's Department of Energy Security and Net Zero announced Tuesday via a post on X.

The Carbon to Value Initiative (C2V Initiative) has opened applications for the sixth cohort of its ‘carbontech’ accelerator, seeking startups developing carbon capture, utilisation, and removal technologies as well as AI-enabled tools designed to accelerate commercial deployment.

A coalition of top European steel producers has said that more than €10 billion of low carbon investments are at risk if the EU Emissions Trading System (ETS) framework is weakened in the upcoming reform.

An Oregon-based climate finance advisory firm has partnered with a Hawaiian nature restoration developer to support global reforestation projects, the companies announced on Tuesday.

A Dutch direct ocean carbon capture (DOC) developer has filed for bankruptcy after failing to secure the funding needed to continue operations, despite having demonstrated its technology, secured public grants, and attracted investor interest.

A Saudi state-backed company working to build out the voluntary carbon market domestically and internationally will add homegrown carbon credits to its platform before the year is out, it announced on Tuesday.

Gabon carbon credits - Gabon’s Council of Ministers approved a decree last week formally setting up the Gabonese Agency for the Development of the Green Economy (AGADEV), a new public body tasked with supporting the country’s green economy and monetising carbon and biodiversity credits. The agency will also work on valuing other natural capital assets, developing a green economy centre of excellence, and mobilising green finance for the Central African nation.

Latin America is creating opportunities for carbon project developers to generate credits, access finance, and commercialise issuances, developing national carbon markets, Carbon Pulse reported last week – although Global North funds retain their key role in the market, for now.

EU carbon prices ended the first half of the year down by 8.3% despite gaining nearly €1.40 on Tuesday, as traders reversed Monday’s sell-off after a key European politician dismissed as "fake news" earlier media reports on potential ETS reform measures, with the rally bringing EUAs back above a key technical support level.

Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS), told journalists that his party is not seeking to grant power generators free ETS allowances, contrary to media reports.

Verra has concluded the safeguards component of its quality control review (QCR) of the Kariba REDD+ carbon project, with independent auditors finding no evidence that the project breached the standard's rules during the period covered by their original assessments.

Oil and gas companies covered by the EU’s Net Zero Industry Act (NZIA) carbon storage obligation, along with 11 member states, face key compliance deadlines by close of business on Tuesday as Brussels moves to turn the bloc’s CCS ambitions into concrete projects, a senior European Commission official said.

Waste-to-energy (WtE) operators oppose the sector's inclusion in the EU Emissions Trading System (ETS), warning the move would increase costs for municipalities and consumers while doing little to reduce emissions because plant operators cannot control the composition of the waste they receive.

Insurance company QBE and seven businesses from its supply chain are partnering for a collective commitment of 50 years to fund rewilding and carbon credit generation in the United Kingdom, they announced on Tuesday.

The EU risks exposing itself to legal challenges if it weakens or abandons binding targets for carbon removals from forestry and land use as part of its post-2030 climate framework, according to a new legal analysis commissioned by WWF and published on Tuesday.

Amazon will buy 1.95 million carbon removal credits from a large-scale ecosystem restoration project in South Africa, Bloomberg reported on Tuesday, as part of a an initiative that has also secured innovative financing through a $120 mln World Bank outcome bond.

Researchers from a carbon removal (CDR) initiative backed by around €33 million from the German government are advancing work into scaling up engineered and land-based removals, the programme has announced.

A Benin-based improved cookstove project has secured €9 million from a new carbon investment platform backed by European development finance institutions, its developer announced Tuesday.

The World Bank said it will scrap two headline climate financing targets, including its goal for 45% of financing to deliver climate benefits, as it shifts its focus from how much the bank spends on climate-related projects.

Renewable electricity generation marginally fell in 2025 year-on-year across the EU as a solar boom was unable to offset the rebound in gas-fired power and a hydroelectric collapse, data from Eurostat reveals.

Trees at risk - London could lose most of its trees by 2090 due to climate change, according to the Kew Gardens tree collections and arboriculture team at Kew Gardens. In collaboration with the Greater London Authority, the researchers found that 72% of the capital's urban canopy could be at risk due to heat and drought driven by global warming. Some 62% of the city's 1.2 mln trees have low suitability to warmer urban environments, while 10% are already vulnerable. It follows last week's record heatwave in the capital where parts of the city reached 36C, and where the value of trees was especially evident in helping to cool streets and absorbing excess stormwater. Kew Gardens said it will work to choose more suitable urban trees with higher survival rates. Many British native trees such as the common beech, silver birch, holly, face highest risk of failure, with knock-on effects for other species such as fungi, lichens, and birds. (the Standard)  

Countries have reaffirmed the importance of scaling up energy efficiency in a new action plan signed in Montreal this week at a conference hosted by the International Energy Agency (IEA), which includes reference to enhancing efficiency in data centres.

Enhanced rock weathering (ERW) increased aboveground carbon storage in young native broadleaf woodland plots by up to 27% over four years, while soil microbiome enrichment delivered a smaller and less consistent early growth boost, a major UK study has found.

A regenerative food and farming company has partnered with a UK-headquartered bank to launch a fund aimed at advancing the nature-positive transition in the agricultural sector.

Moving fast - The Carbon Accelerator Programme for the Environment (CAPE) has opened applications for its second cohort, seeking high-integrity, nature-based carbon projects across Africa. Launched in 2024 by Finance Earth and the African Natural Capital Alliance, the programme supports landscape-scale projects where carbon revenue is the primary investment driver, while delivering biodiversity, community and ecosystem benefits. The initiative aims to improve project investment readiness and strengthen financing channels for nature-positive investments. Cohort 1 includes projects in Kenya, Zambia, Tanzania, Nigeria, and Ethiopia. Stage 0 applications for the second cohort close on July 17, 2026, with submissions reviewed on a rolling basis.

A Vilnius-based soil carbon firm has secured a €120 million senior secured credit facility to expand transition financing for European small and medium-sized agricultural businesses, it announced Tuesday.

The EU’s planned overhaul of its Emissions Trading System (ETS) must be reshaped to avoid accelerating Europe’s industrial decline, the continent’s chemicals lobby has warned, urging policymakers to treat the reform as “a test for Europe’s climate and industrial transition”.

The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has approved $250 million of trade finance facilities for a major Turkish bank to support the country’s export-oriented sustainable steel and renewable energy sectors.

Europe’s climate ambitions must go hand-in-hand with industrial competitiveness. The upcoming EU ETS reform should support decarbonisation while ensuring affordable energy, investment certainty, energy security, and a level playing field for European industry.

Soil MRV boost - Berlin-based digital monitoring, reporting, and verification (MRV) platform Seqana has raised €3.2 mln in funding to advance its soil MRV technology, the company announced on June 17. With the funding, Seqana will expand its platform’s coverage to a broader set of soil health indicators in addition to carbon measurement. The company co-authored the newest version of Verra’s VM0042 Methodology for Improved Agricultural Land Management, which completed its public consultation in March, as well as Gold Standard’s Soil Organic Carbon Model Guidelines for quantifying carbon stock changes in agricultural soils.