A US-based media company has signed an agreement to begin tracking and offsetting production emissions in 2027 at a rate of $20 per credit.

The only gubernatorial candidate with plans to establish a cap-and-invest programme in Colorado lost Tuesday's Democratic nomination, according to the results of the state’s primary election on Tuesday.

Two of the world's largest technology companies reaffirmed their long-term climate targets in sustainability reports released this week, while acknowledging that AI is making them harder to achieve.

PJM emergency order - The US DOE issued emergency orders on Tuesday for grid operator PJM to dispatch more power generation from fossil fuel plants, as needed, despite environmental restrictions that are typically in place, citing expected demand as needed from an upcoming heat wave in the region. The emergency is set to end before midnight EDT on July 3. The Trump administration said the move is necessary to maintain grid reliability. PJM serves large swathes of the East Coast, including RGGI-participating states Delaware, Maryland, and New Jersey.

Fossil fuel friend - Maryland-based non-profit the Center for Environmental Accountability (CEA) filed an amicus brief in the case of Suncor Energy vs. County Commissioners of Boulder County, supporting the energy companies in their defense against the Colorado county's effort to collect damages for climate-related harms. The non-profit argued jurisdiction in the case is clear; federal common law precludes respondents' arguments; the US EPA's rescission of the Endangerment Finding does not affect the outcome of the case; and no court or jury "could feasibly address respondents' allegations".

Connecticut NbS evaluation – The Connecticut Department of Energy and Environmental Protection (DEEP) on Wednesday released an evaluation of its NbS initiatives. The evaluation analysed 10 different NbS best practices, showing how they are integrated into nearly 50 state programmes administered by multiple state agencies. DEEP’s evaluation found that NBS are generally well-integrated into its programmes. The evaluation also included recommendations that mirrored those of the draft evaluation, including: expanding natural and working lands modeling in GHG inventories; reviewing and integrating existing resilience funding and finance mechanisms; restoring support to discontinued NbS programmes; and developing a statewide NbS implementation roadmap and soil health plan.

Canada climate ambition vs. cost – Canadian Prime Minister Mark Carney said in a video statement that the departure by his Liberal government from the climate policies of his predecessor Justin Trudeau means emissions will be higher in the coming years than they would have otherwise been. A Dec. 2025 study from Canada's environmental ministry already found the country will reduce its emissions 21% from a 2005 baseline by 2030 in a status quo scenario, missing a 40-45% target, and environmental groups have challenged federal climate rollbacks. However, the prime minister said previous plans were overly costly and unsustainable, particularly amid an evolving and increasingly hostile geopolitical environment. Carney also made the case for expanding Canadian oil and gas exports, saying the world still needs a reliable source of fuel. The CBC reported Alberta is preparing for a major announcement this week about a proposed oil pipeline to Canada's West Coast envisioned under the Ottawa-Alberta carbon price deal, although further details around an announcement remain fuzzy.

US-based voluntary carbon standard Climate Action Reserve (CAR) finalised its revised permanence approach for long-term carbon storage on Tuesday.

Partnering for change - FSD Africa, FSD Africa Investments (FSDAi), and Germany's development agency GIZ have signed a three-year partnership to help channel more investment into Africa's real economy, the institutions announced on Wednesday. The collaboration will focus on developing investment opportunities, mobilising capital, and strengthening financial markets supporting climate, nature, carbon markets, and financial inclusion across the continent.

Spanish biomethane FID – Copenhagen Infrastructure Partners has taken a final investment decision (FID) on a large-scale biogas plant in Spain that it expects will become the country's largest biomethane production facility, it announced on Tuesday. The Cobirgy project in Catalonia is expected to produce more than 230 GWh of biomethane annually, and process up to 500,000 tonnes of feedstock each year. Construction is due to start in the second half of 2026, with operations expected by the end of 2028. The project is backed by the Catalan government through Strategic Business Project status and a capital grant.

Isometric has issued nearly 22,000 reforestation carbon credits to an Amazonian project from a Sao Paulo-based developer, the first such credits for both companies, they announced on Wednesday.

The European Commission confirmed on Wednesday that its proposal to revise the EU Emissions Trading System (EU ETS) will be presented on July 17 instead of July 15 as initially planned.

RGGI return complete - Virginia Governor Abigail Spanberger (D) formally signed into law legislation to see Old Dominion return to RGGI, the US Northeast and Mid-Atlantic power sector cap-and-trade programme. Speaking at the signing, Spanberger highlighted the RGGI credit for residential customers and small businesses included in Virginia’s biennium state budget following cost concerns expressed by some ahead of the state's return to the market. The governor also approved a budget deal reached recently with legislators that imposes a new energy tax on data centres but maintains a sales tax exemption for the industry. Finally, Spanberger's office said she signed a series of other bills intended to protect consumers from high energy costs and rising demand, including bills that: expand small-scale solar by raising a carveout for projects on rooftops, schools, churches, parking lots, landfills, and brownfields; require utilities Dominion Energy and Appalachian Power to develop voluntary demand flexibility programmes for high energy demand customers; and mandate investor-owned utilities to provide greater transparency on coal and oil generating units in rate proceedings.

Solar uncertainty – Canary Media reported Tuesday that uncertainty continues to cloud Connecticut's solar sector despite the state's recent enactment of legislation aimed at supporting deployment. The law, signed by Governor Ned Lamont (D) earlier this month, extends renewable energy incentives, authorises plug-in solar, requires automated residential permitting, and calls for a new community solar programme. However, developers and environmental groups said that regulatory uncertainty, local opposition, and other factors continue to weigh on the industry's outlook. The sector's concerns have also been reinforced by Eversource's decision to reject contracts for 54 MW of state-selected solar projects, citing unresolved uncertainty over state energy policy.

European carbon allowances traded in a tight range, weakening to test a key technical support and failing to react to news that the presentation of the EU ETS reform package will be delayed by two days.

A major African nature-based carbon project will lose backing from its lead fund after failing to secure validation and generate credits since its 2022 launch, the investor said Wednesday.

Europe's biomethane industry has crossed 8 billion cubic metres (bcm) of annual production capacity for the first time, with planned investments rising to €36 billion, a move the industry says is increasingly underpinned by the EU's carbon price signal.

Quebec aims to increase the share of renewables in its energy mix to nearly 77% by 2050, from around 48% currently, under a newly published long-term energy strategy.

The UK will seek to find £2 billion of savings from energy projects to help fund its newly announced £15 bln Defence Investment Plan, government estimates indicate.

The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.

Med climate plan – The Forty-three countries in the Union for the Mediterranean (UfM) have launched work on the region’s first Climate Action Plan, aiming to translate political pledges into coordinated measures across one of the world’s most climate‑vulnerable regions. Announced during the 3rd UfM Mediterranean Green Week running until July 3, the plan will be developed over 2026 to link national climate strategies with cross‑border projects, align climate finance and bolster resilience to faster‑than‑average warming, worsening droughts, sea‑level rise and wildfires. The initiative builds on a 2021 UfM ministerial declaration on enhanced climate ambition, adaptation and just transition.

Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector's emissions gap, according to an academic report.

The UK government has allocated $47 million to support peatland recovery in England, as part of its broader efforts to restore 280,000 hectares by 2050.

Total California-registered accounts under the state's Quebec-linked compliance carbon market increased 1.5% during Q2 to surpass 830, data showed.

Carbon pricing could play a central role in reducing rapidly rising transport emissions across Central Asia while creating new revenue streams to fund low-carbon infrastructure, according to a new report from the Asian Development Bank (ADB).

One of Australia’s ‘Big Four’ banks on Wednesday signed its largest-ever purchase of Australian Carbon Credit Units (ACCUs), securing around 150,000 credits over five years from an Indigenous-owned carbon project developer.

The German centre-right CDU/CSU wants to “significantly lower” the rate at which carbon allowances under the EU’s Emissions Trading System (ETS) are cut each year, introduce a limited amount of international carbon credits into the market, and resist extending the scheme to international flights departing the bloc, according to a preliminary draft position seen by Carbon Pulse.

A Berlin-based nature-based solutions platform has launched a request for information (RFI) to source up to 520,000 high-quality nature-based carbon removal credits on behalf of an unnamed German enterprise, underscoring continued corporate demand for long-term, high-integrity removals despite broader weakness in voluntary carbon markets.

Uzbekistan has laid the groundwork for Article 6 carbon market participation, but still needs clearer rules on authorisation, corresponding adjustments, registry operations, and monitoring, reporting, and verification (MRV) before it can scale credible international carbon trades, according to a report.

Renewable energy sources supplied a record 58% of Germany's electricity consumption in the first half of 2026, putting it on track towards its 2030 clean energy goals, according to a new report.

A final investment decision on the giant Aramis CO2 transport and storage hub in The Netherlands will be taken “at the end of next year” once the EU regulatory landscape becomes clearer, the Dutch gas infrastructure operator behind the project has said.

Renewables on the rise – The share of renewables in EU electricity generation rose to 45.5% in the first quarter of 2026, up from 42.7% a year earlier, the EU’s Eurostat agency reported on Wednesday. Wind power remained the dominant renewable technology, accounting for 44.9% of renewable electricity, followed by hydro at 28.0% and solar at 17.3%, with the remainder from combustible renewables, geothermal and other sources. Denmark, Portugal and Lithuania recorded the highest renewable shares in power generation, at 90.0%, 82.9% and 75.7% respectively, while Czechia, Malta and Slovakia posted the lowest shares, between 12.7% and 17.2%. Figures for 2025, published earlier this week, showed a slight decline compared to 2024 due to a collapse of hydropower generation.

Vietnam Airlines has urged policymakers to prioritise allocating domestic carbon credits to the aviation sector as carriers prepare to meet international climate obligations, a domestic newspaper said.

Some 59% of citizens polled across major European countries support carbon pricing for industrial emitters, according to a public opinion survey published on Wednesday.

Odisha can emerge as an early mover in farm carbon markets in India if backed by favourable policies to generate tradable credits while reducing greenhouse gas emissions, a report said, citing the state’s extensive paddy cultivation and the potential of climate‑smart practices.

A UK forest carbon crediting standard has made clarifications and slight amendments to Version 3 of the standard, including on transition periods and project governance.

Paris has approved a new methodology for emissions reduction linked to the hydraulic restoration of degraded peatlands in mainland France under the country's low-carbon label scheme.

First issuance  - The Tokyo metropolitan government, having worked on a carbon removal creation programme with startups, has seen the first issuance of carbon credits from forests within the city, it announced Wednesday. In this initial phase, 77 credits have been certified by the Natural Capital Credit Consortium (NCCC). Through continued sustainable forest management, the project is expected to generate a total of 1,725 offset by 2045.

Largest renewable energy business - South Korea's SK Inc, SK Group's holding company, has signed a deal with US investment firm KKR to establish a KRW 2 trillion ($1.3 bln) joint venture for renewable energy development, eyeing growing power demand in the country, they announced. The venture will be South Korea’s largest renewable energy business, with around 1.7 GW of capacity currently in operation and a development pipeline that will bring the total capacity to 10 GW, enough to 100 large-scale, 100 MW-class data centres.

Government backing - An industry alliance led by heavy industry group IHI Corporation this week said their plan to utilise low-carbon ammonia produced in India has secured Japanese government backing through a contract for difference (CfD) scheme. IHI will offtake the ammonia produced by a low-carbon ammonia manufacturing project being jointly developed with India's ACME, and supply it to the seven companies in Japan. Those Japanese companies include a subsidiary of Kobe Steel, Sumitomo Chemical, and Hokkaido Electric Power.  

Technical experts overseeing the Paris Agreement Crediting Mechanism (PACM) have recommended two draft methodologies for approval by the scheme's Supervisory Body, while opening fresh consultations on key implementation tools.

A regenerative agriculture network has said it contributed to 96,000 tonnes of CO2e in emissions reductions and removals in 2025 across four European countries, nearly double that of the previous year.

Tunisia solar financed - The Multilateral Investment Guarantee Agency (MIGA) issued a €13.1 million guarantee to Aeolus, a renewable energy platform in Africa, for a 100-MW solar power plant in central Tunisia. The World Bank Group platform said the guarantee will support Aeolus’s investment in Scatec Khobna PV Power SARL to construct, own, and operate the plant in Mezzouna, Sidi Bouzid. The project comprises a photovoltaic plant and high-voltage transmission infrastructure, which includes 12 km of overhead transmission lines. Electricity generated from the projects will be sold to Tunisia's state utility, Societe Tunisienne de l’Electricite et du Gaz, under a 25-year power purchase agreement.

Indonesia wants to build a globally competitive green industrial sector, but the government first needs to tackle emissions from its coal-powered nickel industry and strengthen measurement of industrial emissions, analysts said.

Carbon credits have the potential to become a large source of finance for climate adaptation in emerging economies by attracting private investment into nature-based solutions such as mangrove restoration, wetlands rehabilitation, and agroforestry, according to a new academic study.

Developing a Pacific Regional Climate Change Taxonomy would help improve transparency around climate-related expenditures and strengthen donor trust, said a report.

A former analyst at Aurecon’s recently shuttered carbon offering has launched their own advisory, aiming to support Australian Carbon Credit Unit (ACCU) market participants navigate the sector. 

Biochar drive - The Indian state of Himachal Pradesh projected 28,800 carbon credits over ten years from two biochar plants in the Himalayan state, according to the government. The plants set up under a pact with a university, the Forest Department, and developer ProClime Services buy biomass at INR 2.50 ($0.03) per kg with quality incentives, producing biochar from pine needles, lantana, bamboo, and other plant matter. The initiative spans 50,000 ha, manages 13.5 mt of CO2, and supports soil health, biodiversity, and farm resilience, the press release said.

India is preparing to launch a scheme to promote the adoption of clean technologies in steelmaking processes, with an outlay of INR 50 billion ($528 million), according to the national news agency.

SAF momentum – US-based engineering consultant KBR has secured a technology licensing and front-end engineering design (FEED) contract for what could potentially be Asia’s first commercial-scale ethanol to jet sustainable aviation fuel (SAF) facility in Singapore, it announced Monday. The project was launched in January by Singapore’s Keppel Infrastructure Division and Aster Chemicals. KBR will work to establish the plant’s technical design, cost estimates, and execution plan, based on its PureSAF technology. If approved and financed, the plant is estimated to produce up to 100,000 t of SAF annually.

Alignment - Indonesia's Forestry Ministry and the Forest Stewardship Council (FSC) signed an agreement this week to align the Southeast Asian country's mandatory Timber Legality and Sustainability Assurance System (SVLK) with the FSC's voluntary certification scheme through a combined audit mechanism, EcoBiz Asia reported. The partnership aims to reduce duplicate audits, lower compliance costs, and improve efficiency. The move is intended to improve international market access for Indonesian timber products.

Sharing sunshine –  Australia has introduced its Solar Sharer Offer, a regulated energy plan that provides three hours of free power during the middle of each day, when solar generation usually peaks, it announced. The offer is available to residential customers that live in New South Wales, South Australia, or South East Queensland, have a smart metre installed, and are either renters or homeowners. The government highlighted households should shift some of their energy use to the free power window, usually from 1100-1400 in NSW and Queensland, and 1200-1500 in South Australia.

An ASX-listed chemical and explosives manufacturer has greenlit its commercial-scale green hydrogen project tied to a Safeguard Mechanism facility, it announced on Wednesday.

New Zealand’s Ombudsman has found that the Prime Minister’s office acted unreasonably in its response to an Official Information Act request relating to a long-running climate lawsuit, upholding an NGO complaint over the matter. 

Solar scale up – The Asian Development Bank (ADB) has approved a $160-mln loan for Bhutan, to support the deployment of at least 310 MW of new solar capacity and leverage private investment in the South Asian country’s first PPP for energy. The new capacity is split across three projects, one of 150 MW, one of 120 MW, and the final of 40 MW. Tata Renewable Energy is partnering with the state-owned Druk Green Power Corporation on the 150 MW Dramthang solar development, ADB said. Bhutan relies almost entirely on hydropower at present, the bank said, but is keen to install 5 GW of solar capacity by 2040.

Forest fee falls – Reduced fees for NZ ETS forests have taken effect, the Ministry for Primary Industries said on Wednesday. The annual charge has been reduced to NZ$10.28 ($5.82) per ha, from NZ$14.90. As well, the annual fee for mature forests will be 45% of the annual fee for two mandatory emissions return periods, and then be waived. New service fees also take effect as of Wednesday, with further changes kicking in from Jan. 1, 2027.

Colombia, a major player in voluntary and international environmental markets, is nearing the end of a presidential term that dealt the sector a major blow – but while the incoming president has raised hopes of a revival, questions remain over implementation.

Ready to go – Strategic Biofuels received a finalised Class VI CO2 injection permit in Louisiana for its underground storage project in Caldwell Parish, the company said on Tuesday. The Louisiana Department of Conservation and Energy had issued a draft permit to the renewable fuel developer in March. The permit includes multiple injection wells – a first of its kind model in the state. The project pairs carbon capture and storage with biomass-based generation from sustainable forestry feedstocks.

Southeast Asia could generate up to $8.5 billion over the next decade by supplying carbon credits under the UN's Carbon Offsetting and Reduction Scheme for International Aviation, provided governments speed up approvals necessary to bring more projects online, according to a report released on Wednesday.

A planned $6 million buyout of a portfolio of offset projects has collapsed after the purchaser opted not to make the required closing payment by the contractual deadline, leaving the original agreement in place and setting the stage for potential legal action, according to a company announcement late Tuesday.

Endangerment finding fight - The Alliance for Automotive Innovation filed a motion in opposition to a proposed stay the US EPA's undoing of the Endangerment Finding by youth challengers of the move, arguing that going back and forth between standards would increase difficulties for the industry, an argument echoed by states and federal officials and other groups also opposed to the stay. On the other hand, challengers to the rescission argued in recent filings that the agency's administrative record should be adjusted to include supplemental comments made during the regulatory process, while petitioners also requested a 10-day extension to file their reply in support of staying the Endangerment Finding repeal.

Democrats in the US Senate and House of Representatives have reintroduced a legislative effort to fund advanced clean shipping technology and infrastructure.