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- Thu 00:01A bloc of emerging markets may soon overtake China, the EU, and the US when it comes to securing investment for clean industry expansion, according to new research.
- Wed 23:58Corporate strategies for carbon accounting and Scope 3 action in Canada are evolving through the use of carbon credits, emissions abatement, and partnerships, according to a new report.
- Wed 23:40Forestry projects among ejido communities in Mexico have a greater emphasis on using carbon revenues to maximise local employment opportunities rather than generating profit, according to an analyst.
- Wed 23:40SAF for take-off - TotalEnergies announced it will produce 500,000 tonnes of sustainable aviation fuel (SAF) annually by 2028, with the ability to meet 10% of jet fuel volumes in Europe. The company has transformed its refineries in Europe to achieve this, including a €500 mln investment in its Grandpruits biorefinery. The announcement comes ahead of the European SAF blending mandate, which will require 6% of jet fuel to come from SAF by 2030. (Biodiesel Magazine)
- Wed 23:10The US Supreme Court (SCOTUS) ruled on a pair of cases on Wednesday regarding the Clean Air Act (CAA), designating some EPA challenges to regional circuit courts while finding biofuel waiver disputes bear national significance and belong in the DC Circuit.
- They bring the boom - Boomitra has announced the official Verra registration of its South America Grassland Restoration Project, covering 76,355 acres across Argentina and Paraguay. The project, which supports 21 ranchers in adopting regenerative grazing practices, has already sequestered over 100,000 tonnes of CO2 and is projected to remove more than 763,000 tonnes over a 20-year crediting period. It is expected to expand to over 500,000 acres, which Boomitra said would make it one of the largest soil carbon initiatives in the region. This is the firm's fourth registered project and part of its growing global portfolio, which includes initiatives in Kenya, Mexico, India, and now South America. Using AI and satellite-based monitoring validated by Verra and the Social Carbon standard, Boomitra provides accurate soil carbon measurements at scale, reducing costs and increasing revenue shares for landowners. The company partners with Aves Argentinas and Guyra Paraguay to deliver local support and capacity building. The project aims to reverse land degradation in the Pampas and Chaco ecosystems while enhancing biodiversity, soil health, and livelihoods.
- Wed 22:49As climate-related financial reporting gains prominence, large Canadian emitters continue to grapple with Scope 3 emissions – the indirect, value-chain emissions that often overshadow operational footprints – experts said on Wednesday.
- Wed 22:41Slimmed down budget dollars – California regulator ARB released Q2 auction proceeds figures on Wednesday, showing the state received about $595.6 mln in revenues. This amount from the May allowance sale – the first undersubscribed auction in nearly five years that settled at the floor - was 30% below state revenues received in Q1, and 35.8% below the average of the last three auctions that raked in above $850 mln each in cap-and-trade proceeds for the government. Investor-owned utilities received nearly $510.1 mln from the Q2 permit sale, while publicly-owned utilities obtained slightly over $39.7 mln – both from free allowances consigned to the auction.
- Wed 22:36The European Commission on Wednesday launched legal action against Hungary for imposing charges on companies receiving free emissions allowances under the EU ETS, arguing the measures breach bloc-wide climate rules.
- The success of implementing carbon capture and storage (CCS) in Brazil depends on regulation that is flexible and modern rather than prescriptive, experts and regulators agreed on Thursday at a conference in Rio de Janeiro.
- Wed 21:34RPS redefined - Maine’s legislature approved this week Legislative Document 1868 (LD 1868), which would expand the state’s existing Renewable Portfolio Standard (RPS) to 90% by 2040 and add in a new category of clean resources that can compete for the remaining 10% of energy supply. Existing low-carbon sources like hydropower and nuclear facilities are likely to qualify for the 10% Clean Energy segment of the programme, while other alternative resources may qualify after a lifecycle analysis defined by the Maine Department of Environmental Protection (DEP), according to a post by the Natural Resources Council of Maine (NRCM). The proposal now moves to desk of Governor Janet Mills (D) for approval.
- Wed 21:12Paraguayan exports – Paraguay could generate up to 5 mln carbon credits annually through forest-based carbon projects, potentially selling them for up to $50/t under the bilateral agreement with Singapore, according to Deputy Minister of Trade and Services Rodrigo Maluff. The deal, framed under Article 6.2 of the Paris Agreement, positions Paraguay to access high-integrity carbon markets, he added. Carbon revenues could then double, reaching $500 mln annually, with the opening of new markets.
- Wed 21:09
Quiet on the climate front - Following the close of the G7 Leaders’ Summit in Kananaskis, Alberta, climate groups 350.org and Climate Action Network Canada (CAN) criticised the lack of climate commitments in summit outcomes. 350.org, an international climate advocacy organisation, and CAN, a coalition of more than 180 Canadian groups working on climate and energy issues, said the G7’s failure to mention climate change in key charters represented a missed opportunity for leadership. The groups called on Canada, as summit host, to increase climate finance, phase out fossil fuels, and push for stronger commitments ahead of COP30 in Brazil.
- Wed 20:35
The cost of climate change - A new Bloomberg Intelligence report concluded that the US spent nearly $1 tln – equivalent to 3% of its GDP – on disaster recovery and other climate-related costs over the 12 months ended May 1, 2025. Analysts described this as a “stealth tariff on consumer spending", driven by factors such as rising insurance premiums, disaster repair, and federal aid. Hurricanes Helene and Milton alone caused $113 bln in damages, with January’s Los Angeles wildfires adding $65 mln. Federal contributions to climate disaster costs have dropped sharply, now covering only about 2%, compared to one-third in prior years.
Green goals - Environment and Climate Change Canada (ECCC) released its 2025-26 Departmental Plan, outlining a continued focus on reducing GHG emissions, building climate resilience, and modernising operations. Key initiatives include implementing the Low Carbon Economy Fund and the Climate Action and Awareness Fund to support Canada’s 2030 and 2050 climate targets; expanding nature-based climate solutions; and finalising Canada’s first national strategy on environmental justice. The department also aims to prioritise digital service improvements, strengthen Indigenous partnerships, and enhance transparency through open science practices. Planned spending totals over C$3.1 bln ($2.1 bln), with the largest allocations directed toward climate action and nature conservation.
- The UN's new rules underpinning carbon market trading through Article 6.4 are welcome, but could be stronger, carbon market experts in Bonn said on Wednesday – while one of the authors of the rules called them "radical" and "clear".
- Wed 18:07The EU's planned emissions trading scheme for heating and transport fuels (ETS2) could cost homeowners and tenants in Germany thousands of euros a year, according to a study of over 4,000 properties in the country's 30 largest cities.
- Wed 18:05The state of Acre in Brazil has agreed a new benefit-sharing plan for its ISA Carbon Programme that will see 72% of jurisdictional REDD+ (J-REDD) proceeds channelled directly to various Indigenous and local community blocs.
- Wed 18:04Climate correction – A new study shows that corrected for climate damage, Dutch productivity is growing faster than expected, also compared to the US. Labour productivity has been stagnant for years in the Netherlands. However, the way we currently measure productivity gives an incomplete and distorted picture of our economic efficiency, wrote economists Maarten de Ridder and Lukasz Rachel in economics journal FSB on Tuesday. They have quantified the negative impact of climate damage and assume that one tonne of CO2 emissions reduces the net present value of future economic activity by €1,250 on average. Their subsequent finding is that emissions-corrected productivity has grown strongly from 2014 onwards, much more so than the traditional measure of productivity. This rapid growth is due to the fact that Dutch CO2 emissions have fallen by more than 20% since 2010, they said. According to the two economists, the Netherlands has become better and better at producing ‘green’ economic value (FSB)
- Wed 17:47
Georgia goes green - Georgia Power, a US electric utility, and Mitsubishi Power, a Japanese energy technology company, have completed what they claim is the largest-ever test of a 50% hydrogen blend in a natural gas turbine at the McDonough-Atkinson power plant near Atlanta. Conducted on an M501GAC turbine producing approximately 283 MW, the trial achieved a 22% reduction in CO2 emissions compared to pure natural gas. The result builds on previous tests ranging from 5% to 50% blends.
- Wed 17:43The British Embassy in Lima is supporting two pilot projects to test biodiversity credit mechanisms and a national project registry in Peru as part of its broader agenda to promote green finance and reduce deforestation in the Amazon basin.
- Wed 17:43Iran restarts coal – The Iranian government is restarting old coal-fired power plants after an unexpected bombing of nuclear facilities in the country, reported Dutch news site Nieuwspaal on Tuesday. “This is a complete disaster, first and foremost for the climate,” Iran’s Minister of Environmental Protection Shina Ansari, was reported as saying. Iran's Nationally Determined Contribution (NDC) under the Paris Agreement is to reduce emissions by 4% below business-as-usual levels by 2030, or 12% with international support. It has yet to submit an updated NDC for 2035. (Nieuwspaal)
- A US-based multinational oil company launched a carbon storage subsidiary this week that will operate alongside its existing operations to provide emitters with a suite of carbon capture and storage (CCS) options.
CCS impact - Industry views are divided on the impact of the US EPA's repeal of decarbonisation requirements for certain fossil fuel-fired power plants that envisioned a prominent role for CCS, with some warning the rollback may delay investment, while others say the rule was unlikely to accelerate CCS adoption. Despite strong market signals like the 45Q tax credit and ongoing project development, high costs and mixed federal signals continue to challenge US CCS expansion. (E&E News)
- Wed 17:23Ship's electric - Norwegian shipping company GC Rieber Shipping is seeking to commission an electric battery-powered freight carrier that will be used for short-sea operations along the Norwegian coast, according to Ship Technology, a specialist news website. GC Rieber Shipping’s subsidiary Polar Energy Shipco received a grant last week from the Norwegian government enterprise Enova to support the construction of the specialised vessel, which will be developed in partnership with freight owners GC Rieber Minerals and Franzefoss Minerals.
- Wed 17:22European carbon prices were little changed on Wednesday after two days of weakness, shrugging off early strength across the energy complex, before again resisting a sharp sell-off in oil and gas amid mixed signals surrounding events in Israel and Iran, while weekly positions data showed a further build-up in speculative net length which raised speculation that traders were initiating a squeeze on the recent length.
- Verra has updated its Methodology Development and Review Process (MDRP) guide to outline new streamlined procedures and rules for the development of VCS methodologies, modules, and tools.
- Wed 16:59A climate analytics company and investor has unveiled a new business arm to drive its involvement in nature-based carbon markets, including digital forest tracking to provide climate risk management to environmental credit traders.
- Wed 16:14Clean aircraft orders shrink to a third of 2023 levels as sector favours fossil-fuelled jets -reportFirm orders for new propulsion aircraft fell from around 300 in 2023 to fewer than 100 in 2024 – reversing several years of growth – as airlines and manufacturers continued to prioritise SAF-compatible but kerosene-fuelled models over low-carbon alternatives, a report by a London-based think tank said Wednesday.
- Wed 16:06Greenpeace launched on Tuesday a proposal for COP30 featuring an implementation-focused solution under the UNFCCC that would enable the world to act to halt and reverse deforestation and forest degradation by 2030.
- Wed 16:02Plans to introduce international carbon credits or removals into the European Union’s Emissions Trading System (EU ETS) risk weakening the bloc’s carbon market and undermining its climate strategy, experts have warned.
- Wed 15:17
Fiscal filter - New draft language being considered for inclusion in the US Republicans' Big Beautiful Bill Act would block proposed federal regulations with significant financial impacts unless those rules are explicitly authorised by Congress, according to E&E News. The language would allow the White House to review all proposed agency rules with “a non-negligible budgetary effect,” and would halt implementation of those expected to cost over $100 mln without direct legislative backing. The proposal echoes the REINS Act, which seeks to give Congress the final authority over major federal rules, and is being advanced in a more budget-focused form by Senate Energy and Natural Resources Chair Mike Lee (R).
- Wed 15:15The European Parliament and Council of EU member states struck a deal on Wednesday to simplify the bloc's Carbon Border Adjustment Mechanism (CBAM), finalising the legislative update at lightning speed.
- Wed 15:12A California-based carbon credit management firm announced Wednesday it has secured the first portfolio assessment from a London-based ratings agency.
- Wed 14:58Zimbabwe's recently authorised cookstove credits for international sale under Article 6 fail to meet tough new quality standards set by the Integrity Council for the Voluntary Carbon Market (ICVCM), project documents show.
- Wed 14:58A long-running dispute between countries over how to use leftover money from the UN’s old carbon crediting mechanism remains far from agreement at global intersessional climate conference in Bonn this week, despite pressure to put funds towards kickstarting the Paris Agreement’s new market framework.
- Wed 14:19A United Nations-backed alliance of major institutional investors has called on asset owners, companies, and policymakers to eliminate deforestation and associated human rights abuses from portfolios and supply chains by 2030, warning of mounting systemic financial risks.
- Wed 14:12The UN’s Food and Agriculture Organization (FAO) has partnered with India’s chief development bank to establish a voluntary carbon fund aimed at supporting early-stage carbon offset projects in the agriculture sector.
- Wed 13:52The findings of an ongoing survey of ocean carbon stocks could help inform the data behind biodiversity credits, according to an executive with an insurer backing the work.
- Wed 13:34Recent initiatives taken by Brazil's federal and local governments could serve as a blueprint for biodiversity-friendly reforestation worldwide, amid growing evidence that indiscriminate tree planting can harm native ecosystems, an expert told Carbon Pulse.
- Wed 13:25
A vision - Taiwan’s environment minister, Chi-Ming Peng, has floated the idea of a future joint carbon market with Japan and South Korea, according to Bloomberg, calling it a likely trend though offering no timeline. The comment comes as Taiwan prepares to launch a carbon levy from January next year, covering around 500 major emitters. Peng, speaking in Tokyo, said carbon market alignment is regularly discussed among the three.
- Wed 13:16Laser-guided technology once confined to research laboratories and self-driving cars is now helping verify carbon credits with unrivalled accuracy by bringing a new dimension in mapping forests for an industry still grappling with questions of trust and integrity.
- Wed 13:01A new version of a UK forest carbon crediting standard will launch at the start of August, the organisers confirmed Wednesday.
- Wed 12:49Old planes - Delays in aircraft technology innovation are slowing down the aviation sector's green transition, according to an analysis by NGO T&E. European aviation could be up to 13% more efficient by 2050 if it developed more energy efficient airplanes. This could save enough renewable electricity to power 27 million heat pumps, the NGO said. Innovation has stalled in the aviation sector over the past decade, with no new models expected in the next ten years either.
- US states' trip to Brussels - US states are seeking advice on climate policy from Brussels, the Financial Times reports. Bipartisan delegations from states like Washington and New York are traveling to the capital of the EU to discuss policies for renewable energy, direct air capture and emission trading schemes. The states are mainly Democrat, but the FT reports a private sector delegation from Texas, a Republican state, was also among the visitors to the commission to discuss climate policies and how to not to be left behind the energy transition.
- An international assurance provider on Wednesday announced the launch of a new service specification aimed at standardising risk-based verification for carbon capture, utilisation, and storage (CCUS) projects across the design, construction, and operational phases.
- Wed 12:33The EU’s upcoming Industrial Decarbonisation Bank, due in Q2 next year, will focus on carbon contracts for difference (CfDs) to channel revenues from the EU’s Emissions Trading System (ETS) back to industries, officials have said, although questions over how it will be funded remain.
- Wed 11:38Europe’s first complete carbon capture and storage (CCS) value chain and Norway’s biggest ever climate investment officially went into operation this week with the launch of Longship.
- Wed 11:11It's *almost* official - The option to buy international carbon credits (Article 6) for EU member states is in the 2040 emissions reduction target draft, according to sources Politico spoke to on condition of anonymity. The proposal would allow the use of credits to count towards 3 percentage points of the overall target. This would help companies and the EU overall meet the target. It is not clear yet how, and which kind of credits would be used. The proposal on the target will be presented on July 2.
- Wed 11:07Let's do some homework - South Korea's SK Innovation E&S has teamed up with Indonesian government institution SKK Migas to work on a joint study for the development of cross-border carbon capture and storage (CCS), according to a company statement. They will assess the feasibility of transporting and storing CO2 captured in South Korea to Indonesia, conduct a comprehensive review of relevant regulations worldwide, and identify key tasks for establishing a bilateral agreement between the two countries, the statement said.
- Wed 10:55
Margin for error - The UK’s power grid is projected to have a larger safety margin this winter, lowering the reliance on backup resources to maintain electricity supply, Bloomberg reports. According to a report released Wednesday, the National Energy System Operator anticipates a 10.9% capacity margin — the highest level of spare power since 2019. This improved outlook is driven by greater battery storage integration, increased availability of gas-fired power stations, and the commissioning of a new electricity interconnector with Ireland.
- Wed 10:54Let's keep it real-world - Social Carbon, in collaboration with ReSeed.farm, has launched the Smallholder Livelihood Vulnerability Index (LVI-SF) — a science-driven framework that measures the vulnerability of smallholder farming communities and integrates those insights into the planning of land use and carbon finance projects. The tool represents a significant step forward in aligning climate finance with real-world conditions, the standard said, and acknowledges and incentivises the contributions of smallholder farmers as guardians of biodiversity and carbon reserves.
- Let that Senken - Vodafone Germany has partnered with Senken to achieve carbon neutrality for its Scope 1 and 2 emissions via the purchase of voluntary credits. After prioritising in-chain reductions, Vodafone has now chose Senken to address its remaining unavoidable emissions with carbon removal projects. Vodafone aims to hit net zero across its value chain by 2040.
- Wood for the trees - EthioTrees, a community-led ecosystem restoration project in Ethiopia, has signed an agreement with Climate Impact Partners, providing the investor access to over 100,000 verified carbon removal credits generated per year from the project. The restoration project generates income primarily through carbon credit sales, using a fair benefit-sharing system that allocates at least 60% of the revenue directly to local communities and smallholders. It was developed by Climate Lab and certified under the Plan Vivo standard.
- Wed 10:43Strong market-based climate policies, such as carbon taxes and emissions trading systems, significantly increase low-carbon investment, according to a new study.
- Wed 10:35Installing solar power plants on abandoned coal mines could unlock nearly 300 GW of capacity by 2030, according to a study by Global Energy Monitor that identified 5,820 square kilometres of free land on coal mines that have closed since 2020, as well as those expected to shutter by the end of the decade.
- Wed 09:57Leave your comments - The joint committee for the Joint Crediting Mechanism (JCM) between the Philippines and Japan is seeking feedback on two rice-focused projects proposed by Japanese developer Green Carbon, according to a notice published this week. Green Carbon has teamed up with Nippon Koei and Fuyo General Lease for one of the projects, which will adopt the alternate wetting and drying (AWD) technique in Bulacan province. The call for public input will be open until mid-July.
- Wed 09:56Get ready - Government agencies in South Korea are preparing new policy tools to help domestic small- and medium-sized enterprises (SMEs) better cope with the impact of CBAMs, the environment ministry said Wednesday. The Ministry of SMEs and Startups will begin distributing digital MRV software this month for companies to calculate their emissions, while the Korea Customs Service plans to add carbon-related functions to the country of origin management program (FTA-PASS), provided free of charge to SMEs, within the second half of 2025. Several briefing sessions will also be held later this year.
- A global intergovernmental body is seeking proposals for blue carbon and marine mitigation activities across its member and partner countries that could qualify for Article 6 cooperation under the Paris Agreement, with potential backing from South Korea’s oceans ministry.
- Wed 07:40A new coalition focused on the energy transition is aiming to leverage “hundreds of millions” of dollars to support the rollout of clean energy in developing countries.
- Wed 07:30Two non-profits in India have signed a Memorandum of Understanding (MoU) to boost carbon finance in India’s organic agriculture sector and help farmers earn additional income via carbon credits.
- Wed 06:01Coming this decade - Malaysian state-owned oil giant Petronas is eyeing first CO2 injections by late 2029 or early 2030 at its Kasawari CCS project offshore Sarawak, contingent on client readiness, the Borneo Post reported, citing company officials. The Kasawari site will store CO2 from associated natural gas operations, while three additional sites, two in Peninsular Malaysia and one in East Malaysia, are being developed for industrial emissions. The company recently partnered with shipping firms to build a fleet capable of transporting liquid CO2.
- Wed 03:53Battery test – Mining giant Fortescue has taken delivery of and is testing its first battery-powered locomotive prototype, as part of its moves to reach ‘real zero’ by 2030, reported The Driven on Tuesday. The prototype is part of the process of developing so-called infinity trains, in which fully loaded trains are sent to the port and charge the battery with regenerative power en route, then return to the mine empty, powered by the battery. Diesel use is the major contributor to the sector’s emissions in Pilbara, Western Australia, where most facilities' emissions are captured by the Safeguard Mechanism. Fortescue in April signed a A$350 mln ($227 mln)-deal to acquire electric platform drills and electric contour drills as part of its decarbonisation efforts.
- Wed 03:11Climate deactivated – Logan city council in Queensland has become the latest participant to exit the government’s troubled Climate Active programme, the ABC reported on Wednesday, citing budgetary pressures. The council reportedly also said it was concerned about a lack of transparency around where the funds it was paying for the carbon neutral certification were going. It joins an exodus of participants from the beleaguered programme, amid frustration with the slow progress of reforms and the growing threat of greenwashing accusations. Logan city council was the only council in Queensland certified carbon neutral, and one of 14 in Australia. The ABC quoted Mayor Jon Raven saying that the council would save A$1.5 mln ($972,529) by withdrawing from Climate Active.
- Wed 03:08Each step counts – ByWill, which aims to achieve carbon neutrality in all of Japan's 47 prefectures, has signed a customer introduction agreement with TV Miyazaki Co. The alliance will promote the creation and distribution of environmental value, such as domestically issued J-Credits, in Miyazaki prefecture, ByWill said in a statement. The developer has signed a string of similar agreements with local governments and regional banks across Japan.
- Wed 03:05Good smell – Japanese startup Value Way said on Wednesday that it aims to decarbonise coffee cultivation and distribution by promoting regenerative farming methods in Uganda, as the company has been selected as one of the participants in an Africa-focused support project (AfDX) initiated by Japan's trade ministry. Value Way will work on calculating and visualising carbon footprints in the coffee supply chain, as well as supporting carbon credit creation through partnerships with Path Being, which develops biochar-derived credits.
- Wed 01:42Wednesday’s sale of NZUs failed to garner any bids, continuing the run of declined auctions in the New Zealand ETS.
