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- Thu 00:56Canada and Alberta appear to have agreed on a weakened carbon pricing timeline for the oil-producing province’s Technology Innovation and Emissions Reduction (TIER) market, which experts said could disincentivise improvement for the rest of the country’s patchwork of systems.
- Wed 22:36A US carbon removal portfolio developer has issued a call for nature-based solutions (NbS), carbon removal (CDR) policy initiatives, and methane mitigation projects seeking funding through the next year.
- Wed 22:34
Offsetting HFCs - Chile is preparing a proposal to operationalise an emission standard for HFCs, bridging the gap between cooling and carbon markets, the country’s National Ozone Unit (NOU) under the Montreal Protocol posted to social media on Wednesday. The government unit is currently soliciting input from the public as an initial stage toward crafting a regulatory proposal. The future proposal will involve both MRV instruments and offsetting mechanisms linked to carbon markets, as per the post. HFCs were widely introduced as an alternative to ozone-depleting substances in refrigeration and air conditioning due to the Montreal Protocol (1987), but have since fallen under the Montreal Protocol’s Kigali Amendment (2016), which commits to an HFC phase-down due to their high global warming potential.
- Wed 22:32VMD0055 update - Verra has issued corrections and clarifications for its VMD0055 Estimation of Emission Reductions from Avoiding Unplanned Deforestation, v1.1 in the Verified Carbon Standard (VCS) Program. The document contains seven corrections and six clarifications pertaining to leakage calculations, baseline validity periods, and reporting requirements effective May 13.
- Wed 22:31Why wind? - US Rep. Seth Magaziner (D) and 54 other representatives have signed a letter to Defense Secretary Pete Hegseth calling on the department to halt its review process for wind energy which they have have halted projects at all stages of the approval process. In the letter, lawmakers request immediate corrective action for the delays.
- Wed 22:31
Yes way, Norway - Egyptian Minister of Petroleum and Mineral Resources Karim Badawi and Norwegian Ambassador to Egypt Erik Husem have met to discuss opportunities for bilateral collaboration in the energy sector to support a lower-carbon economy. These would include reducing CO2 emissions and potentially attracting investment from Norwegian companies, like state-backed Equinor, for natural gas research, according to the oil ministry’s press release. During the meeting, Badawi said the Egyptian oil sector is strategically prioritising decarbonisation projects, including CCUS. These will contribute to reducing the country’s carbon footprint and supporting the competitiveness of Egyptian exports to European markets, the minister added.
- Wed 21:53Reforestation projects need earlier capital and clearer ratings signals to unlock buyer demand, panellists said on Wednesday, as companies weigh project quality, risk mitigation, and community benefits following Microsoft’s pause in carbon removal (CDR) purchases.
Three musketeers - The Saudi state-backed Regional Voluntary Carbon Market Company (VCM) on Wednesday announced a collaboration with Lenovo and ClimeCo, planning a dual emissions management and offsetting strategy to make Lenovo’s manufacturing processes in Saudi Arabia more sustainable. Drawing upon VCM’s carbon market expertise and ClimeCo’s project development and decarbonisation advisory services, Lenovo will offset some of its operational emissions using carbon credits – including ones sourced from within the kingdom. VCM will provide market infrastructure and advisory support to structure and facilitate the carbon credit strategy. ClimeCo is a longstanding carbon offsetting partner to Lenovo, VCM’s press release noted.
- Wed 20:39Carbon’s comeback - A US DOE official said Tuesday that the Trump administration is prioritising carbon utilisation over geologic storage, framing CO2 as an industrial resource that can support manufacturing and oil production rather than only as a waste stream to be sequestered, E&E News reported. Kyle Haustveit, assistant secretary for the DOE’s Hydrocarbons and Geothermal Energy Office, told reporters at the US Energy Association’s Energy Policy Forum in Washington that the department is focused on carbon utilisation, not sequestration, and said on stage that CO2 has incredible, beneficial uses. The approach aligns with the administration’s energy dominance agenda, as CO2 can be used in some manufactured goods or injected into oil fields, while Haustveit also praised the One Big Beautiful Bill Act for equalising incentives between CO2 utilisation and geologic storage.
- Wed 20:39Switching up - US automaker Ford Motor Company has formally introduced Ford Energy, a wholly owned subsidiary that plans to provide US-assembled battery energy storage systems for utilities, data centres, and large industrial and commercial customers, with first customer deliveries expected in late 2027. The business plans to deploy at least 20 GWh annually by repurposing existing US battery manufacturing capacity in Glendale, Kentucky, and will produce full battery cells, modules, containers, and provide sales and service support. Ford said the business is designed to meet rising US demand for grid-scale storage driven by data centre growth, renewable energy integration, and grid resilience needs.
- Wed 20:39Novel development - Caravel Bio, a Portland, Oregon-based protein engineering company, said Tuesday it has joined Shell’s GameChanger programme to test whether its biocatalyst development technology can support lower-cost, more efficient carbon capture (CCS), after increasing enzyme stability in industrially relevant conditions 12-fold since joining the programme in 2025. The company said its platform is aimed at enabling the use of potassium bicarbonate as an alternative to amine-based solvents, which require substantial heat energy to release captured CO2 and can drive up capture costs. Caravel, which formally launched in Oct. 2025, said its technology combines cell-free protein synthesis, bacterial spore display, and machine learning to accelerate protein discovery and delivery for CCS and other industrial applications.
- Wed 20:21Germany’s latest plans to subsidise new gas-fired power capacity are incompatible with EU state aid rules, the environmental law firm ClientEarth warned on Wednesday, calling on Brussels to open an in-depth investigation rather than approve the scheme.
- Wed 20:17Turkiye’s upcoming emissions trading system (ETS) risks failing to both cut greenhouse gas output and shield exporters from looming EU carbon border costs because of weak design features, according to a report published Wednesday.
- Wed 19:36Zimbabwe is pushing back on a UN decision and subsequent move by Gold Standard to stop marking certain credits from the country as eligible for the aviation scheme CORSIA, calling it a "direct attack" on African development and climate goals.
- Wed 17:47European carbon recovered some of its early losses on Wednesday morning as the market digested Tuesday evening's news that the EU will sell an additional 40 Mt of allowances in the second half of the year, and took some heart from stronger equities in the afternoon.
- Russian offsets - Sovcombank has fully offset the carbon footprint of its 2025 operations using carbon units and green electricity certificates linked to renewable energy sources, the Russian bank announced on Wednesday. The move covers both direct emissions and electricity consumption. The bank has assessed its emissions annually since 2020 and says it has maintained carbon neutrality for direct and indirect energy emissions for four consecutive years.
- Wed 17:02The EU's Carbon Border Adjustment Mechanism (CBAM) will not, on its own, prevent European industry from shifting production to countries without carbon pricing, and risks pushing up costs and leakage risks for downstream sectors, a new report has warned.
- Wed 16:59Germany’s coalition government has decided to freeze the national carbon price for transport and heating fuels in 2027, a move that could weaken incentives to cut emissions and leave a multi-billion euro hole in the country’s climate funding plans, according to public broadcaster ARD.
- Wed 16:56Host governments are increasingly tired of waiting for airlines to buy CORSIA-eligible carbon credits, with some projects now pivoting from the UN offsetting scheme to the voluntary market, developers warned.
- Wed 16:52Combining revenues from carbon credits with the underlying commodity such as timber or crops is necessary to deliver a workable business case for many forestry and soil carbon projects, experts said at a conference in London.
- Wed 16:36The EU economy’s estimated greenhouse gas emissions were up 0.9% in the fourth quarter of 2025, according to data published by the bloc's official statistical office.
- Wed 16:20Emissions from German utility giant RWE fell in the first three months of 2026 amid a switch away from gas and hard coal, while boosting profits 25% despite incurring losses in trading, the company said Wednesday.
- Wed 16:19The European Commission has proposed recognising international credits as a carbon price paid outside the EU, making it possible for importers to deduct the costs from their Carbon Border Adjustment Mechanism (CBAM) fees, according to draft rules published on Wednesday.
- Wed 15:51Forest carbon payments appear to bring nature-related co-benefits to boreal ecosystems, although they are not enough, on their own, to stop biodiversity loss, two Finnish research institutions said on Wednesday.
- Wed 15:33The Core Carbon Principles (CCP) quality tag is proving to be a major driver of voluntary carbon interest, according to speakers at an industry event.
- Wed 15:32Phase 1 CORSIA prices slipped on Wednesday, with spot prices for the international aviation offsetting scheme bid under $11, an exchange said.
- Wed 15:18A voluntary carbon standards body has expanded its jurisdictional REDD+ risk mapping framework to Bolivia, Nigeria, Peru, and Tanzania, bringing coverage under a forest conservation methodology to 16 jurisdictions globally.
- Wed 15:14More than 50 companies and civil society organisations have called on EU policymakers to launch the bloc's Emissions Trading System for road transport and heating fuels (ETS2) as scheduled in 2028, warning that further delays or dilution would undermine investor confidence and climate goals.
- Wed 14:50UK pension schemes remain exposed to assets above a 2C pathway, with smaller programmes still trailing larger peers on climate strategy and implementation, according to a report published this week.
- Wed 14:47More EU ETS verification services - The sustainability assurance provider SCS Global Services Europe is expanding its services to provide third-party verification under the EU ETS, to include the production of ferrous and non-ferrous metals, and chemical industry activities, it announced on Wednesday. SCS already provides operators with services to assess their readiness and compliance risk under the ETS, ahead of providing formal verification.
- Wed 14:42Startup carbon removal developers will struggle to attract large sums of capital in the coming years, as institutional investors remain wary of projects that lack offtake agreements and proven results, finance experts told a conference in London on Wednesday.
- Wed 14:24PepsiCo and Louis Dreyfus Company (LDC) have launched a regenerative agriculture programme in Saskatchewan aimed at expanding lower-emissions canola production and supporting soil health improvements across western Canada, the companies announced Wednesday.
- Wed 14:17Carbon credit markets will not scale permanent carbon removals (CDR) without a new financing model that raises prices, reduces volatility, and creates long-term demand, according to a paper published Tuesday.
- Wed 14:00A US-based climate non-profit on Wednesday said it has partnered with a South Asia-focused startup to scale carbon credits from rice methane abatement, as demand rises for projects targeting the potent greenhouse gas.
- Wed 13:42The UK government plans to introduce legislation designed to strengthen ties with the European Union, King Charles said in a speech to parliament Wednesday, which could accelerate the linking of the two jurisdictions' emissions trading systems.
- Wed 12:53New analysis has revealed a widening imbalance between the supply of carbon credits eligible under the aviation industry’s CORSIA offsetting scheme and still-limited airline demand.
- Wed 12:45Rubbish dumps and sawmills could soon be helping to power the next generation of off-grid micro hydrogen power plants that can also capture CO2 using just water scrubbing, a UK company claimed on Wednesday.
- Wed 12:37South Korea’s monthly CO2 allowance auction continued to clear at higher prices in May, as emitters kept up bidding amid tightening supply expectations in the national emissions market.
- Wed 11:53The UK government has published key documents from recipients of grant funding from a programme designed to accelerate the deployment of carbon capture, usage, and storage (CCUS) technology.
- Wed 11:51Major Nordic companies and investors with combined global revenues of €303 billion are urging EU leaders to reject calls to dilute the bloc’s carbon market, warning that any move to weaken the EU ETS would waste the opportunities presented by “a good crisis".
- Wed 10:42New blueprint for blue carbon deals - Blue Carbon Action Partnership, CrossBoundary Group, and Conservation International, endorsed by the Global Mangrove Alliance, have published a new guide for project proponents and financiers, Ocean Risk and Resilience Action Alliance said in a post on LinkedIn. Titled High‑Quality Blue Carbon: Guidance for Benefit‑Sharing Agreements, the resource draws on three case studies, showing how well‑designed agreements can help communities move from beneficiaries to partners, strengthening resilience, and long‑term financial sustainability in blue carbon projects.
- Wed 10:14The oil and gas industry has urged the European Union to increase domestic fossil fuel production in response to the conflict in the Middle East, while relaxing gas storage obligations ahead of the heating season, suspending methane rules, and accelerating the review of the bloc’s restrictive clean hydrogen production standards.
- Wed 09:55An insurance group on Wednesday launched a product for carbon capture and storage (CCS) projects, offering risk coverage across the CO2 value chain.
- Wed 06:34The Australian Renewable Energy Agency (ARENA) on Wednesday announced the shortlisted projects for the second round of funding under the Hydrogen Headstart programme.
- Wed 05:39Indonesia reaffirms forest pledge - Indonesia’s forestry minister Raja Juli Antoni reiterated at the UN Forum on Forests in New York that the country will rehabilitate 12 mln ha of degraded land, linking tree-planting with carbon offset projects, Reuters reported. Indonesia had restated the pledge at COP30 in Belem last year, expanding it to 12.7 mln ha under a regenerative forestry plan to restore ecosystems and support livelihoods with timber and crops such as coffee, cocoa, and nutmeg.
