Senate saves - Massachusetts Senate Democrats rejected a House-backed proposal to cut $1 bln from Mass Save, the state’s utility-funded energy efficiency programme, as part of a broader energy affordability debate, E&E News reported. Senators instead advanced legislation they said could save about $14 bln over a decade through utility reforms while largely preserving the state’s renewable electricity and efficiency programmes, following earlier versions of the bill that had considered weakening emissions targets and other climate policies.

RGGI Allowance (RGA) futures hovered around $44 through the US and Canada holidays, as traders said that market activity remained muted through hot temperatures in the US Northeast.

Nickel nixing borders - Mining company Canada Nickel will partner with carbon trading firm RWE Supply and Trading GmbH (RWEST) to support the commercialisation of low-carbon stainless and alloy steel products from its subsidiary, Net Zero Metals. The subsidiary uses feeds from Canada Nickel's Crawford Nickel Project. RWEST brings European and US market access for Canada Nickel, as well as CBAM expertise and carbon trading capabilities, the company said. The agreement would focus on semi-finished steel, alloys, and stainless products with long-term offtakes, help position Canada Nickel ahead of accelerating EU compliance costs.

Public guidelines - Peru’s environment ministry unveiled a draft sectoral guidance document designed to help public agencies identify and assess projects with the strongest potential to participate in carbon markets. The proposal applies a common set of eight prioritisation criteria, including emissions reduction potential, alignment with national climate targets, sustainable development benefits, and cost-effectiveness, aiming to standardise project evaluation across government entities. The final document will be made publicly available later this month.

Emitters reduced their California Carbon Allowance (CCA) net length, while producers and managed money alike narrowed their respective net shorts for RGGI Allowances (RGAs) and Washington Carbon Allowances (WCA), according to the latest US Commodity Futures Trading Commission (CFTC) data.

Climate litigation this month focused heavily on the rules and approvals that shape fossil fuel growth, as claimants challenged gas projects, clean air waivers, liability shields, carbon offsetting, and corporate transition claims, and new research found a persistent accountability gap for the companies most closely tied to historical emissions.

The Brazilian government has completed the text of a draft resolution setting out the procedures for Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, Carbon Pulse has learned.

The deadline has passed for countries hosting Kyoto-era Clean Development Mechanism (CDM) projects to approve transition to the Paris Agreement Crediting Mechanism (PACM), with just one-quarter of eligible activities making the cut – and Latin America leading the charge.

Benchmark ICE CORSIA futures bounced back towards $10/t last week, climbing from two-year lows, as the European Commission's assessment of the international aviation offsetting scheme that will affect the participation of EU carriers inches closer.

The International Civil Aviation Organization (ICAO) is warning against fragmenting carbon regulation for the global aviation industry ahead of the EU assessment of CORSIA due for publication this month.

World Cup offsets - Brazil’s men’s national football team is set to offset its residual World Cup emissions with carbon credits supplied by state-owned bank Caixa, under a partnership between the Brazilian Football Confederation and the von Bohlen Halbach Climate Institute, Brazilian news outlet Terra reported. The credits are linked to emissions reductions from the Rio Waste Treatment Plant in Seropedica, Rio de Janeiro, a project managed by Regenera Rio under Caixa’s UN-registered activities programme for solid waste and carbon capture.

Tribal forest RFP – The Confederated Tribes of Coos, Lower Umpqua and Siuslaw Indians (CTCLUSI) has opened a request for proposals for the second phase of an improved forest management carbon credit project on Tribal forestlands in Oregon, with responses due July 22. The selected contractor will assess feasibility, design the project and inventory, estimate carbon stocks and credit yields, and begin initial project development to prepare for potential carbon market transactions under Washington’s Cap-and-Invest Program. The work will cover seven parcels totalling around 14,742 acres across Lincoln, Lane, Douglas, Coos, and Curry counties, while incorporating Tribal management priorities and protections for sovereignty and cultural resources.

The government of Peru's recently announced pledge to improve Indigenous land recognition will only help people secure their territories in the Peruvian Amazon if this high-level statement drives official, long-lasting land demarcation, an Indigenous Kichwa leader told Carbon Pulse.

Blue carbon ambition – Trinidad and Tobago intends to explore blue carbon crediting according to a status report on its progress on implementing the goals of the Global Biodiversity Framework ahead of the UN’s upcoming biodiversity talks in Yerevan this October. The Caribbean country said it will look into establishing a blue carbon credit system in a bid to move away from project-dependent funding for conservation and restoration. The island nation would like revenue earned from blue carbon crediting to provide permanent nature financing, according to its 7th National Report submitted to the Convention on Biological Diversity on Sunday.

New electric vehicle car sales in the UK surged in June to take 30% of the market, but still fell short of the government’s Zero Emission Vehicle (ZEV) mandate, data showed Monday.

Carbon credit co‑labels have emerged as a “trust currency” in the voluntary carbon market (VCM), with market participants noting that they are shaping pricing tiers, buyer behaviour, and project design standards.

Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.

The road ahead - Verde Resources has signed a 10-year commercialisation agreement with Ergon Asphalt & Emulsions, the largest supplier of asphalt and pavement preservation products in the US, to integrate biochar into road paving. They plan to launch test projects utilising Ergon’s cold paving applications that incorporate Verde’s engineered biochar technology. The companies said their partnership is also expected to generate carbon credits, without disclosing more details.

Dual approval – Murilo Granemann, the leader of the Manoa REDD+ Project in the Brazilian Amazon said in a LinkedIn post Friday that the initiative had become the first in Latin America to be verified under both Verra's Climate, Community & Biodiversity (CCB) Standards and the Sustainable Development Verified Impact Standard (SD VISta). He added the project (VCS1571), has also achieved Forest Stewardship Council (FSC) certification for forest management.

ETS on the way – Brazil’s Ministry of Finance (MF) met with representatives of the country’s power sector this week to discuss the harmonisation of rules for implementing the Brazilian emissions trading system (SBCE). Representatives from the Ministry of Mines and Energy and the National Electric Energy Agency also participated in the meeting. According to the MF, the meeting marked the 10th workshop held with sector representatives to discuss issues related to monitoring, reporting, and verification, as well as regulatory uncertainty surrounding the system’s implementation. The Ministry also launched a guide to environmental assets, aimed at outlining the main characteristics of different asset classes, including carbon credits.