Hazards hidden – Zillow, the largest real estate listings platform in the US, has removed climate risk scores from more than a million home listings following complaints from real estate agents and the California Regional Multiple Listing Service. The groups argued that First Street’s flood and fire risk models – which have shown that millions more properties are at risk of flooding than government estimates suggest – were inaccurate and were hurting property sales. Zillow has replaced the scores with links directing users to First Street’s website, while other major platforms continue displaying the data. (The New York Times)

Disclosure delayed – California regulator ARB announced on Monday it will not enforce the state’s climate-related financial risk reporting law, SB 261, by the statutory Jan. 1, 2026 deadline after the Ninth Circuit Court of Appeals granted an injunction blocking enforcement during the appeal in Chamber of Commerce v. Sanchez. The court issued the order on Nov. 18, and arguments in the case are scheduled for Jan. 9, 2026, after the initial reporting deadline. ARB said it will provide further information, including an alternate reporting date if appropriate, once the appeal is resolved. In the meantime, ARB will open a docket beginning Monday for entities that still wish to file climate risk reports voluntarily.

A new long-term partnership aims to deploy direct air capture (DAC) technology in Canada and advance next-generation systems for large-scale CO2 removal.

Chile registered Latin America's first non-market approach (NMA) mitigation project under Article 6.8 of the Paris Agreement after the UNFCCC added the waste management initiative to the official NMA Platform.

Global soils could store almost 150 billion tonnes of CO2 this century through improved cropland and bioenergy management, according to new modelling that finds climate-focused land use policies deliver substantially higher gains than food system reforms alone.

Green jobs – The Asian Development Bank (ADB) has approved a $50 mln grant to Tajikistan to support structural reforms which promote green jobs, particularly for women, the bank said in a press release Monday. Programmes supported include the development of green taxonomies, expanding SMEs’ access to finance, and introducing incentives for financing for climate-related SMEs. The changes will also prioritise female-led businesses, the bank said. The finance ministry has also issued Tajikistan’s first sovereign green bonds, ADB said, to further accelerate sustainable development and green finance.

A climate tech startup has validated the performance of its third-generation field alkalinity sensor for enhanced weathering (EW) MRV as it prepares to launch sales of the device next year.

An international standard has allied with a trading platform and its registry provider to establish a dedicated system to trade biodiversity, water, and nature-based carbon credits focused on the Asian market, it announced on Monday.

EV rollout – The Canadian federal government announced more than C$10 mln ($7.1 mln) in federal funding on Saturday to expand EV technology and infrastructure development. This includes over C$9 mln from the Zero Emission Vehicle Infrastructure Program for projects installing more than 1,200 chargers across Alberta, New Brunswick, and Ontario, and C$1.4 mln under the Energy Innovation Program for a University of New Brunswick research initiative developing new magnetic materials for EV motors. The funding aims to accelerate charger deployment and bolster a secure, cost-effective supply chain for next-generation motor materials.

Colombia-based standard Cercarbono and a Malaysia-based project developer on Monday announced the opening of a public consultation on a blue carbon methodology.

Ethiopia and Azerbaijan submitted on Monday their Host Party Participation Requirements to the UNFCCC to participate in the Paris Agreement Crediting Mechanism (PACM), with the former government granting explicit authorisation for the crediting of five activities and the latter outlining a slate of priority sectors.

Funding the research – Oil and gas giant TotalEnergies confirmed a joint research effort with the Department of Geology at the Federal University of Rio de Janeiro (UFRJ) regarding CCS research in Brazil. The company told the publication CPG that it is allocating R$900 mln ($167.9 mln) to study the offshore potential for CO2 storage in Brazil, to map areas with greater potential for permanent storage, and consolidate geological data to potentially support future commercial projects. The R&D is approved by the country’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP), allowing the university to acquire geological, geophysical, and petrophysical data regarding the CO2 storage capacity of offshore saline reservoirs, Eixos reported.

Don't take for grant-ed – The Carbontech Development Initiative (CDI) is opening its fourth round of research and commercialisation grants, for research projects and startups focused on CO2 capture, CO2 utilisation as construction materials, and making captured CO2 into chemicals, fuels, or other dual-functioning materials. So far, the programme has awarded more than $8 mln to 39 teams. The research programme, hosted by Columbia University, offers teams up to $250,000 funding if they include Columbia faculty, or $150,000 if they are external, while startups could receive up to $375,000 of awards through this tranche of funding. Applications will be open until Jan. 14, according to Columbia University’s Lab-to-Market Accelerator Network. CDI announced on Monday over $2.6 mln in grants from the third round of funding, across 11 awardees.

The 30 largest superannuation funds in Australia have more than $33 billion invested in companies expanding fossil fuels worldwide, according to an analysis published Monday.

ICE has published the UK Emissions Trading Scheme (ETS) auction calendar for 2026 with 4.1 million fewer carbon allowances on offer than in 2025.

Investment in near-zero emission steel and cement technologies will need at least $500 billion globally between 2026 and 2035, with over two-thirds required in emerging markets and developing economies, a new assessment published on Monday said.

The European Commission has adopted three initiatives to boost demand and deployment of carbon removals (CDR) in the EU as part of its bioeconomy strategy, it announced on Monday.

We need more time - The GHG Protocol has extended two public consultations - one on updates to the 2015 Scope 2 Guidance for inventory accounting and another on consequential accounting methods for estimating avoided emissions from electricity-sector actions - to Jan. 31, 2026, allowing more stakeholders worldwide to review the materials and respond through the online surveys, it said Monday.

A European carbon analyst has left BloombergNEF to join the London office of a major US-headquartered hedge fund, Carbon Pulse has learned.

Business schools go green – European business schools are stepping up efforts to cut their own emissions as they expand climate teaching and research, with eight standalone institutions forming the Alliance for Environmental Response in Business Schools (Aero), the FT reports. Led by Vlerick Business School’s chief sustainability officer David Veredas, the alliance aims to become a global reference for decarbonising business schools by sharing best practices and advocating for standardised, transparent emissions reporting. Aero’s review of 83 schools in FT rankings found wide gaps in Scope 3 disclosure, especially in Asia, and patchy coverage of student travel and commuting. (Financial Times)

Nearby Phase 1 CORSIA futures lost nearly $1 this week, there was a rush to close open interest lots in CBL's nature-based futures, and afforestation, reforestation, and revegetation (ARR) credits continued to surge higher.

European carbon fell away late on Monday amid sustained selling pressure after spending the majority of the session trading slightly below Friday's close, with EUAs and natural gas moving in opposite directions for most of the session.

Bahrain has pledged to boost its renewable power capacity and plant more trees and mangroves over the next decade, as part of an updated Paris Agreement contribution that could rely on carbon market revenue for funding.

Doubling the rate of electrification by 2040 could slash the EU’s fossil fuel use, cut import dependence by about two-thirds, and deliver net annual savings of €29 billion compared with a business-as-usual pathway, according to a new report.

Scream if you wanna go FASTA - A new initiative launched by the UK Agri-Tech Centre with the Carbon Trust plans to supports UK innovators to scale technologies that enable sustainable farming. The FASTA programme accelerates adoption of measurement, reporting, and verification (MRV) systems, essential for credible sustainability claims, unlocking finance and advancing net zero goals, according to a Monday statement. With agriculture producing about 10% of UK GHG emissions, MRV provides the data needed to track emissions, validate impacts and guide decisions. FASTA seeks solutions in areas such as soil health, remote sensing, emissions monitoring, AI decision tools, modelling, data platforms, finance, and supply-chain traceability. Innovators can register from Jan. 6-23 for expert and investor support.

EU Innovation Fund paperwork – The EU has paid out less than 5% of the €7.1 billion it has committed from its flagship Innovation Fund for clean technologies financed by the EU’s Emissions Trading Scheme (ETS) as companies struggle with heavy administrative burdens, the FT reported. Applicants face average administrative costs of €85,000 and report spending up to 3,000 hours on paperwork, with most hiring consultants to cope with the “high burden” of the process. Fewer than 20% of applications succeed, and only 6% of funded projects are operational, leaving billions in ETS-derived revenues largely undisbursed. (Financial Times)

Dutch-headquartered bank Triodos on Monday launched its first strategy aiming to integrate climate and biodiversity action.

The European Commission on Monday granted priority status to 17 cross-border projects for carbon transport and storage as part of an EU-wide list of energy infrastructure of common interest.

Europe’s CO2 transport infrastructure planning must go beyond serving carbon capture and storage (CCS) needs and also support carbon capture and utilisation (CCU), particularly for e-fuels production in aviation and shipping, according to a new report.

The UK’s public export credit agency has withdrawn $1.15 billion in loans and guarantees from TotalEnergies’ Mozambique LNG project on the grounds that risk exposure is too high to justify continued participation in the deal, Labour officials said in parliament on Monday, while the Dutch government also pulled support.

Ghana and Switzerland have authorised two clean cooking mitigation activities under Article 6.2 of the Paris Agreement in a bid to provide modern, life-improving technologies to households across Ghana, the countries announced Monday.

A European bourse has hosted the first exchange-based futures trade in Phase 5 EUAs.

The German government has been hit with a complaint over its plan to put billions of euros into gas-fired electricity capacity, with claims that the subsidies would distort competition against cleaner technologies.

The outlook for European carbon and TTF benchmark prices is likely to continue to diverge, analysts have said, as a tight fundamental balance for EUAs and bearish gas movement are likely to keep the two markets pulling in opposite directions next year.

A Stockholm-based buyer initiative has helped carbon removal (CDR) suppliers raise over $100 million in follow-on investment since 2021, while several projects delayed delivery or changed strategy amid tough market conditions, it said in a report last week.

Special solar cells - The Swedish Energy Agency has granted SEK 130 mln (€12 mln) to Exeger, a developer of a new type of solar cell. These cells are silicon-free, thin, and durable, and charge from all types of light - both indoors and outdoors. They are also produced through a mainly European supply chain and are not dependent on critical raw materials, with a lower climate impact during manufacturing compared to commercially available technologies. They will be developed and tested via a pilot. The funding will be supported by Sweden's Industrial Leap, which is a govt initiative to help reach the target of net zero by 2045.

A new blueprint has been launched for textile manufacturing to reach near-net zero emissions, with a particular focus on helping India-based companies reduce CO2 by up to 93%.

Indonesia’s bid to sell millions of carbon credits at UN climate talks last month appears to have yielded far less demand than the country had hoped for, casting doubt on investor appetite for its recently reopened carbon market.

A New Zealand-based natural capital company has teamed up with a UK tech firm to map soil organic carbon (SOC) across eight sites, aiming to lay the groundwork for developing nature and soil carbon credit projects.

Consult on low-carbon ammonia - The Global Carbon Council (GCC) has launched a public stakeholder consultation on a draft methodology for the production of low-carbon ammonia, which is open until Dec. 25, 2025. Ammonia production accounts for almost 500 Mt of CO2e annually and this methodology is one of the first Article 6-aligned approaches to address emissions reduction in the industry using low-carbon hydrogen. It covers hydrogen from renewable-powered electrolysis, blue hydrogen with CCS, and residual hydrogen that would otherwise be vented or flared. Methodology highlights include conservative baselines aligned with Art 6.4, annual downward adjustment, and lifecycle leakage assessment.

The EU’s Carbon Border Adjustment Mechanism (CBAM) could become a major new revenue stream for Brussels and member states, but receipts will vary widely depending on how far trading partners roll out their own carbon pricing schemes and how broadly the tool is extended across the economy, according to a new study published on Monday.

Renewables boost - British renewables developer Low Carbon has raised £1.1 bln from investors including CVC Capital Partners and Massachusetts Mutual Life Insurance to expand its business in the UK and Europe. CVC will become the company's majority owner following the deal, which is the latest in a number of private market allocations to renewable power this year, Bloomberg reported. The funding will allow Low Carbon to speed up its development of solar, wind, and batteries particularly in core markets such as the UK, Germany, and Poland.

Australia carbon farming boost – The government announced last week it has awarded a total of AUD 240,000 (USD $157,000) in Carbon for Farmers vouchers to 41 farming businesses across Western Australia, supporting feasibility studies and carbon farming plans through grants of up to AUD 15,000 each. The scheme, which supports activities like revegetation, agroforestry and improved pasture systems, has distributed 131 vouchers worth AUD 1.29 million since launching in 2022, backed by more than AUD 252,000 in co-funding. It operates alongside the state’s broader Carbon Farming and Land Restoration Program.

Hit the road - Seoul-based climate fintech company Hooxi Partners has teamed up with the Korean subsidiary of global carmaker Stellantis to convert EV mileage into carbon credits, Chosun Biz reported. A more detailed implementation plan for carbon credit transfer and benefit returns is expected to be developed next year. Hooxi Partners operates a crediting programme approved by the country's transport ministry, which certifies individuals' GHG reduction performance when they replace vehicles with electric ones.

LCO2 carriers - Japan's top shipping companies and shipbuilders have concluded a MoU to establish a standard design framework to develop and carry out the initial design of liquefied CO2 (LCO2) carriers and next-generation alternative fuel ships, NYK Line said in a statement Monday. The seven companies, which also include MOL and K Line, aim to collaborate with domestic shipyards for the development and initial design of such ships.

A prominent Australian feed additive company will use its public listing as a way to pressure the government to ensure its methane abatement technology is recognised under the country’s carbon credit scheme, its CEO told an investor webinar on Monday.

South Korea's fossil fuel-reliant semiconductor industry could lose its international competitiveness with the potential inclusion of semiconductors and indirect emissions in the EU's Carbon Border Adjustment Mechanism (CBAM), a new report has argued.

Carbon Pulse grows its team of correspondents based in the Americas and Europe to bolster its reporting on carbon markets, the net zero transition, and nature and biodiversity.

Windfall gains - The Sindh government in Pakistan announced it earned about $14.7 mln through the sale of carbon credits as it unveiled a record PKR 1.018 trillion ($3.6 bln) development outlay for 2025-26, Business Recorder reported. The government’s new annual development programme prioritises climate resilient initiatives alongside major investments in infrastructure, education, and health. The carbon credit revenues reflect the province’s growing focus on environmentally sustainable projects as part of its broader development strategy, the government said.

Community credits - Rural communities in Malaysia’s Sarawak are being offered training and capacity building programmes to manage forest replanting projects under the state’s forest carbon initiative, according to Len Talif Salleh, the deputy minister for urban planning, land administration, and environment, Sarawak Tribune reported. The training covers forest replanting techniques, seedling nursery management, forest resource monitoring and patrolling, sustainable forest management, and biomass inventory, to help them participate in the state’s carbon credit schemes and benefit from conservation and forest restoration efforts.

A financial tech firm has launched an Australian carbon market platform which aims to act as a third-party to provide pricing, information, and purchasing services.

Dual pathways - Indonesia will use two approval pathways for its forest carbon credit, one under its national SPE-GRK trading system and another for projects using international standards, EcoBiz Asia reported. Both pathways will still require clearance from the forestry ministry. Laksmi Wijayanti, director general of sustainable forest management at the Ministry of Forestry, said only eligible permit holders and approved developers can act as project entities, with Forest Management Units excluded pending new rules.

Biogas credits - India's Harcourt Butler Technical University (HBTU) this week wrapped up a national biogas training programme, where it signed an MoU with the National Research Development Corporation (NRDC) to jointly promote research in biogas and bioenergy, BioEnergy Times reported. Experts discussed how biogas projects could generate carbon credits, highlighting opportunities in the biogas sector and current policy and financial support frameworks available to entrepreneurs. The collaboration will help boost sustainable energy adoption and unlock carbon credit incentives tied to bioenergy projects across India.

With NZU prices trading some NZ$28 below the auction price floor, the final auction of 2025 is all but guaranteed to decline, as participants vent frustration at the government for destroying trust and confidence in the market.

Rollout - Australia's Clean Energy Finance Corporation (CEFC) has invested A$35 mln ($22.8 mln) via its Household Energy Upgrades Fund (HEUF) into Starling Energy Group, it announced. Through Starling's retail brand Plico, the investment will help reduce household energy bills and accelerate the rollout of virtual power plant services, it said. It takes total commitments from the CEFC via HEUF to A$380 mln.

Global greenhouse gas output is showing the first signs of levelling off after more than a century of near-continuous growth, according to fresh data, with analysts pointing to China’s rapid expansion of solar, wind, and electric vehicles as the decisive factor behind an emerging slowdown in 2025 emissions.

Unity is strength - Tokyo-based project developer Bywill plans to work with railway operator Keio Corporation and several regional lenders to promote the creation of carbon credits by small and medium-sized enterprises and carbon trading in the megacity, according to a recent company statement. Bywill is among the four companies selected by the Tokyo metropolitan government to implement offset projects that comply emissions reductions from small-scale activities. Meanwhile, Adecco's Japanese subsidiary will work to raise awareness among business communities, aiming to expand the number of registered users in the city's carbon market. The Tokyo government has also teamed up with Gold Standard to create a carbon trading platform, enabling local companies to access carbon credits issued by the standard.  

Big delivery - Australian miner Fortescue has delivered its first ever large-scale battery energy storage system (BESS) to its North Star Junction solar farm as part of its efforts to decarbonise its Pilbara iron ore operations, it announced in a statement. The BESS comprises of 48 energy storage containers, providing a total capacity of 250MWh and capable of delivering 50MW of power for five hours. The installation is the first in a planned 4-5GWh rollout of large-scale storage systems that will be required to decarbonise the company's energy supply in the coming years, it said.

A €30 billion public funding gap risks delaying the expansion of cross-border electricity interconnectors needed to optimise Europe’s power system by 2040, according to a report published Monday