Acceleration - Indonesia and Japan have reaffirmed their commitment to accelerating the implementation of projects under the Tokyo-led Joint Crediting Mechanism (JCM), Ecobiz reported, citing government officials. Indonesia was among the first countries to sign a bilateral agreement with Japan. The two countries are also seeking to expand cooperation on clean energy initiatives, including geothermal power, waste-to-energy, sustainable aviation fuel (SAF), and green ammonia.

A Norwegian bioenergy with carbon capture and storage (BECCS) project has become the world’s first to generate verified carbon removal credits from biogas production, the certifier, Finnish registry Puro.earth, announced Tuesday.

Legal challenges in Australia’s Federal Court launched Tuesday will hear international arguments about the government’s interpretation of emissions impacts regarding its approval of Woodside Energy’s North West Shelf licence extension.

Singapore’s draft Digital Infrastructure Bill, currently under public consultation, strongly incentivises data centres to operate using renewable energy or use eligible carbon credits to mitigate emissions from electricity otherwise.

This year’s COP31 climate summit in Turkiye is not expected to produce any “big-ticket” negotiated outcomes, with the UN process instead shifting its focus towards implementing existing commitments and examining reforms to strengthen the three decade old system, UN climate chief Simon Stiell said.

Carbon credit pricing is significantly influenced by who the buyer is more than what the credit actually does for the climate, a recent study has argued. 

The EU's proposed assessment framework for low-carbon steel products may create new opportunities for Japan’s steel industry, but building the capacity to submit emissions data at the product level will be crucial, a new report has argued.

The New Zealand carbon price climbed some 3.86% on Tuesday, reaching a seven-month high following a day of large trading volumes.

New Zealand has agreed to explore Article 6 opportunities as part of a to-be-established climate collaboration framework with the Philippines despite the Kiwi government still not committing to purchase international credits.

Australia’s policy environment for carbon capture, utilisation, and storage (CCUS) is “among the least enabling” out of all high-income countries, despite positioning itself as a leader in the technology, a report found.

NZ carbon and nature consult – The New Zealand government has opened a consultation on the criteria for an endorsement process for domestic nature and carbon markets, following its May announcement of an assurance framework to scale these markets. As well as the endorsement criteria, the government is looking for feedback on the integrity principles and suitability of the criteria for assessment of the schemes and as well as for project validation and verification providers. Submissions close on Aug. 7.

Increasing carbon costs were the main reason for the New Zealand government’s bailout of the country’s sole cement plant, to maintain its competitiveness with imports that are not subject to an emissions price, according to statements Monday. 

California's climate piggy bank – California's cap-and-invest programme has funded $15.5 bln in climate projects since 2014, according to the state's California Climate Investments 2026 annual report. The figure follows the passage of Assembly Bill 1207 (AB 1207), which extended the market mechanism through 2045. Cumulative lifetime GHG reductions from implemented projects reached 130.5 MtCO2 equivalent, the report estimated. It also attributed $44.4 bln in estimated travel and energy cost savings and more than 143,000 supported direct, indirect, and induced jobs to the expenditures. Disadvantaged and low-income communities received $11.4 bln, or 76%, of implemented funds. Continuous and budget-enacted appropriations from auction proceeds for fiscal year 2025-26 total more than $2 bln.

Brazil registered 12.7 million hectares burned in 2025, a 58% decrease from the previous year when the country experienced an extreme surge in fires, while the area burned in the Amazon hit a multi-decade low, a Tuesday report showed.

A senior executive in charge of international projects has left an Asia Pacific carbon developer, as the company said it intends to "sharpen" its overseas strategy.

The first Verra-approved jurisdictional and nested REDD+ (JNR) programme, located in northern Argentina, is aiming to incorporate a batch of privately owned native forests in the coming months after the launch of a capacity-building programme, according to local media.

Low-carbon energy and CDR technologies perceived as more natural were judged as safer, more beneficial, and evoked less negative emotion among US study participants, according to a preprint published Monday.