A marine carbon removal (mCDR) company has handed over its US pilot project to a philanthropic initiative, which has a new goal of establishing a non-profit research hub in the region.

MA RGGI meeting - Massachusetts's Department of Energy Resources (DOER) will hold two public meetings on July 28 at 1000 EDT and 1800 EDT/0700 PDT and 1500 PDT (1400 GMT/2200 GMT) on proposed changes to the state’s RGGI regulations to align with the programme’s Third Program Review. Verbal testimony will be accepted at the hearings; however, parties may also provide written copies of their testimony. Written comments until 1700 EDT on Aug. 7, 2026.

California regulator ARB's recent approval of new Cap-and-Invest rules is facing a legal challenge over a non-profit's claim that the agency did so without adequately analysing environmental and fiscal impacts of the amendments.

Not now, not ever - Relying on CCUS as a key climate policy is likely to fall short of expectations, according to a report by right-leaning Canadian think tank Fraser Institute. The study said Alberta’s multi-bln Pathways Project, meant to reduce emissions for oil sands producers, is unlikely to succeed as most CCUS has been developed to enhance oil and gas recovery, rather than to store carbon in the ground.

The government of Argentina's Misiones has signed a memorandum of understanding (MoU) with Verra to strengthen the province's technical capacity to participate in international carbon markets, following the standard's recent approval of its landmark jurisdictional forest carbon programme.

Western Canada funding blitz - Canada Energy Minister Tim Hodgson announced C$26 mln ($18 mln) for 17 projects across Alberta and Saskatchewan to accelerate the deployment of clean technology; modernise energy systems and infrastructure; reduce emissions; and build the regulatory, industrial, and workforce capacity needed for the country's long-term economic growth and energy security. Projects include energy storage and wind development, planning for waste biomass to RNG with carbon capture, reducing methane emissions from upstream oil and gas, low-emissions cement alternatives that store carbon, and more.

EMH-SAF partnership - Low-carbon hydrogen producer Vema Hydrogen has partnered with international developer SAF+ International Group, announcing on Tuesday the signing of a MoU to pair engineered mineral hydrogen (EMH) with sustainable aviation fuel (SAF), aiming to increase SAF supply and reduce barriers that limit adoption. The agreement establishes a framework under which Vema will supply more than 4,000 tonnes per year of hydrogen beginning in approximately 2028 from its Quebec EMH project. This will be the province's first integrated EMH-to-SAF ecosystem amid a growth a global aviation decarbonisation mandates, the pair said.

One step further - The Brazilian state Mato Grosso has submitted to its Legislative Assembly a draft bill to create the state’s Environmental Assets Company, according to Governor Otaviano Pivetta. The initiative represents a further step toward the implementation of its J-REDD+ programme, as it establishes the necessary structure to enable mechanisms for increasing the value of environmental assets, as Earth Innovation Institute highlighted in a post shared on LinkedIn.

The compliance instrument surplus for the California-Quebec ETS edged less than half a percentage point higher in Q2 than the previous quarter, state data showed.

EU carbon allowances gave up all Monday's price gains from Tuesday and more, as sellers came to the fore despite the approaching reduction in EU auction volumes as the REPowerEU programme is expected to end on Thursday, while energy markets rallied after an LNG tanker was attacked overnight.

Sustainable grasslands carbon projects under a revised Verra methodology would need to validate soil carbon models against changes over time, rather than one-off stock measurements, according to a Tuesday announcement.

Teresa Ribera, the EU’s clean technology chief, is at odds with European Commission President Ursula von der Leyen over how steeply carbon allowances under the EU’s Emissions Trading System (EU ETS) should decline each year, according to multiple sources.

Fusion race - Proxima Fusion, which is looking to build Europe’s first commercial fusion power plant, has raised €411 mln ($468 mln) in a financing round, with RWE and Google as strategic investors, it announced Tuesday. The financing provides the backing needed to build Alpha, Proxima’s net-energy stellarator demonstrator near Munich, Germany. In less than three years, Proxima has secured more than €650 mln ($740 mln), including €95 mln in public grants.

The European Commission on Tuesday unveiled a strategy to reduce greenhouse gas emissions from the bloc’s livestock sector, saying technology and targeted farm support could cut emissions by at least 16% by 2040, while stopping short of proposing a dedicated emissions target for the industry.

Ratings rollout - The European Commission plans to unveil a regulation later this month requiring electronic labels for new and existing data centres to incentivise new designs and efficiency improvements. The proposal aims to reduce water and energy consumption, promote the use of renewables, and encourage the reuse of nearby waste heat. Electricity demand from data centres is projected to exceed 3% of the bloc's total power consumption by 2030, putting increasing strain on the grid. (Bloomberg)

Billions of euros in EU funding to improve the energy efficiency of homes are falling short of the bloc’s climate and energy objectives, the European Court of Auditors has warned in a new report published on Monday.

Koko Networks, the Kenyan-based bioethanol and clean cooking developer that folded in February after failing to secure an agreement to sell credits internationally under the Paris Agreement, is selling its technology platform and factory.

Underfunding of the Loss and Damage fund risks bleeding into broader UN climate negotiations, hardening developing countries' reluctance to raise mitigation ambition without matching finance, experts warned ahead of a critical meeting this week.

Carbon finance is playing an increasing role in the US biochar market, according to a survey-based report published Tuesday that found national production estimates rose 32% per year between 2023 and 2025 and estimated industry value nearly tripled.

Global gas demand will only slip marginally this year despite the US and Israel war with Iran, and the impact on LNG supply will be offset by the end of the year, according to the International Energy Agency (IEA).

Europe’s chemical industry has effectively paid no carbon price under the EU Emissions Trading System (ETS) over the past decade, contradicting claims that high carbon costs are undermining the sector, according to a new investigation by a watchdog group.

Market, policy, and emissions data at your fingertips as the European Commission prepares to issue legislative proposals to reform the world’s largest compliance carbon market by traded value.

A Mozambique-based clean cooking company has secured around €1.1 million from a European clean cooking fund to expand access to biomass-fuelled cookstoves and fuel production in the country.

Cookstoves online - The IEA has moved its high-level Summit on Clean Cooking in Africa to an online event this Thursday from 1400 CET, after cancelling a planned meeting in Nairobi on Thursday and Friday due to what it called persistent uncertainties around attendance. The IEA is hosting its second summit on clean cooking in Africa along with the governments of Kenya, Norway, and the US, plus the African Union and the AfDB. Thursday's meeting will take stock of developments since the 2024 event in Paris, including implementation of the $2.2 bln of announced commitments.

The EU should use its quota for international carbon credits to help build domestic carbon pricing systems in partner countries, rather than treating them as a cheaper route to fulfilling its 2040 emission targets, according to a recent policy brief.

Producing sustainable aviation fuel (SAF) from waste plastics could act as a “bridging fuel” in decarbonising aviation before the scale-up of other fuels with a stronger emissions saving profile, say experts.

A broad coalition of industrial carbon management stakeholders has urged the European Union to use the forthcoming review of the bloc’s Emissions Trading System (EU ETS) to preserve the market’s core architecture while directing a larger share of its revenues into industrial decarbonisation.

Sinking conviction - The shipping industry's support for green fuels is on the decline as most vessel owners stick to conventional fuels or alternatives like nuclear, the FT reported. Conviction that ammonia will become commercially viable in the next decade fell from 31% of shipping executives last year to 12% this year, while belief in hydrogen fell from 18% to 10%, according to data from the International Chamber of Shipping's latest annual survey. In contrast, backing for traditional fuels as the most viable option rose from 41% last year to 50%, despite the disruption of the Iran war. The challenge of accessing greener fuels has led many shipowners to order an increasing number of dual-fuel vessels, while some have reverted to new builds powered by fossil fuels. A few shipowners are considering carbon capture technologies, including the container line Hapag-Lloyd, and there's also been a clear increase in enthusiasm for nuclear propulsion, including from Core Power, which is developing a nuclear-propelled fleet.

Verra has high hopes for growth via regulated carbon markets after issuances under its flagship carbon standard fell by around 30% year-on-year in 2025, according to its annual report.

Australia’s carbon market continues to meet resistance above the A$38 ($26.37) mark, as monthly volumes continue to trade below 2025 levels, while the start of the financial year saw applications open for the the new permanent exit arrangements for carbon contract holders.

An Asian airline has retired another 100,000 carbon credits to meet its obligations under the aviation sector’s international offsetting programme, taking its recent total to 250,000 tonnes after the second tranche.

ARR issuance - Verra has issued 25,408 verified carbon units (VCUs) from  Estonian-based forestry carbon developer Ecobase's European afforestation, reforestation, and revegetation (ARR) project, said a press release by Ecobase on Tuesday. It marks the second verification and credit issuance for the project, and covers two vintages, with 12,140 VCUs issued for 2023 and 13,268 VCUs issued for 2024. The credits form part of Ecobase’s wider 5,853-hectare ARR project. But while the full project spans 10 countries, these specific credits were generated from eligible project areas across Bosnia and Herzegovina, Denmark, Estonia, Latvia, Lithuania, Portugal, Spain, and Sweden.

Applications open - Carbon removal accelerator Remove has opened applications for the 2026 cohort of its India programme, targeting early-stage companies developing science-based CDR solutions. The two-stage, eight-month programme will provide training and coaching on carbon markets, policy, MRV, business models, fundraising and buyer readiness. Selected startups will move from a 10-week India-focused “Foundations” stage to a 20-week global “Leap” programme, with access to a €15,000 carbon removal purchase agreement. The non-profit accelerator, which does not take equity, said applicants should demonstrate commercial traction and founders must own at least 70% of the company. Applications close on Aug. 23, with shortlisted startups invited to an introductory call.

The New South Wales (NSW) government is assessing coal mine approvals under guidelines last updated in 2018, resulting in valuations that understate emissions costs and overstate project benefits, according to a report.

New strategy - Cambodia has launched a five-year environmental diplomacy strategy aimed at cutting greenhouse gas emissions and attracting green investment and climate finance, the government said. The 2026-30 framework prioritises forest protection, clean energy, and climate-smart agriculture, alongside efforts to mobilise private investment and strengthen public-private partnerships. It also calls for forest restoration, biodiversity protection, and sustainable community livelihoods, as well as stronger pollution controls and waste management, The Star reported.

EU steelmakers are set to benefit from the EU’s Emissions Trading System (EU ETS) and Carbon Border Adjustment Mechanism (CBAM) in the coming years, despite industry concerns over the phaseout of free allowances, according to a brief by a Brussels-based climate policy think-tank.

Alternative - KCCI Carbon Standard (KCS), a voluntary programme backed by South Korea's major business lobby, is seeking public input on a new methodology to reduce emissions from industrial processes, such as semiconductor and display manufacturing. The approach, proposed by climate tech Starstech, converts waste acid into recycled chemical alternatives, thereby replacing conventional waste treatment and suppressing the production and use of virgin chemical products. The public comment period is open until Aug. 2.  

Indonesia carbon boom - Indonesia’s carbon trading economic value could reach around IDR 5 trillion ($277.7 mln), according to Antara News. Forestry Minister Raja Juli Antoni noted that the figure depends on transparent, accountable governance and prioritising public interest. The ministry has approved four initial projects, three under Forest Utilisation Business Permits and one social forestry scheme, with potential to avoid 30 MtCO2e. Antoni added that three projects covering 225,000 ha could generate IDR 500 bln in non‑tax state revenue.

Forestry allowance issuances has been attributed to NZU holdings growing modestly in June, according to EPA data published Tuesday, as new applications into the ETS continue to remain flat. 

Acquired - Abu Dhabi's state-run oil firm ADNOC's distribution arm has agreed to acquire Shell’s downstream business in South Africa for an implied enterprise value of about $1 bln, expanding its fuel retail footprint in Africa. The deal covers 580 fuel stations as well as wholesale fuel, aviation and lubricants operations, and is expected to close in 2027 subject to regulatory approvals. ADNOC in a press release said the acquisition would boost earnings per share by 6% in the first full year after completion.

Gold Standard (GS) has added another insurance policy to the list of approved covers for CORSIA, the international aviation offsetting scheme, the registry announced Tuesday.

A coalition of more than 70 environmental, Indigenous rights, and human rights organisations has urged the Democratic Republic of the Congo (DRC) to abandon plans to lift its 23-year-old moratorium on allocating new industrial logging concessions, warning that the move would jeopardise climate commitments, undermine recent forest governance reforms, and expose vast areas of the Congo Basin to unsustainable exploitation.

New York's decision to weaken its landmark climate law through 2026 budget amendments will trigger years of regulatory revisions, planning changes, and likely legal challenges, while making it significantly easier for the state to meet its statutory emissions targets, according to legal experts.

Waste-to-fuel - Australian investor Climate Tech Partners has invested A$2 mln ($1.3 mln) into Wildfire Energy to help scale its waste-to-energy and sustainable fuels platform, with Qantas and Airbus participating, it announced. Wildfire has developed a novel gasification technology that converts unprocessed waste into synthetic gas that can be used for power, heating, and low-carbon fuels, it said. The company has also seen A$3.15 mln invested into it by the Australian Renewable Energy Agency's SAF Fuel Funding Initiative to pilot the integration of its technology to produce methanol, as well as a feasibility study to assess a Queensland facility that would convert waste into SAF.

Greenlight for CCUS - A large-scale carbon capture, utilisation, and storage (CCUS) project attached to a coal-fired power plant in China has obtained a construction permit from local government, announced Tuesday. The project, owned by CHN Energy’s Jinjie subsidiary, is expected to capture up to 4 MtCO2e annually from a 600 MW plant. The captured CO2 emissions may then be used for geological storage, mineralisation, oil displacement, or low-carbon methanol production. A total of RMB 1.99 bln ($293 mln) is being invested into the project, according to an earlier announcement.

A coalition of NGOs, industry groups, and CCS stakeholders has urged EU governments to rapidly implement penalty regimes for oil and gas producers that fail to meet their CO2 storage obligations under the Net-Zero Industry Act (NZIA), after an end-June deadline has passed.

Indigenous-owned - The Australian government is launching a pilot under its Capacity Investment Scheme (CIS) to support First Nations communities to co-own renewable energy projects and share in the income they generate, it announced. The initiative is designed to deliver stronger, long-term economic and social outcomes for Traditional Owners and First Nations communities, it said. The pilots will be run under CIS tenders nine and 10, with project proponents and their First Nations partners needing to commit to at least 5% equity, or a revenue sharing model equal to 5% equity, or a mixture of both.

Macao International Carbon Emission Exchange (MEX) has listed spot contracts for Core Carbon Principles (CCP)-labelled credits, it announced Monday.

Biologists in South Dakota are cataloguing microbes found deep underground that could hasten the removal of CO2 from direct emission sources, such as coal-fired power plants.