Carbon Pulse

A major shipping firm on Friday signed a multi-year agreement to purchase 10,000 credits from a carbon removal (CDR) developer, in what is claimed to be the first ever direct offtake deal between Japanese and Indian companies.

The olive oil sector, a significant contributor to Mediterranean agriculture, faces mounting pressure to reduce its environmental footprint. Recognising the potential of olive groves as carbon sinks could significantly scale nature-based removals in Europe, a new paper has found.

US President Donald Trump on Thursday ordered the National Oceanic and Atmospheric Administration (NOAA) to expedite the process for reviewing and issuing seabed mining permits, seeking to set the nation up as a global leader even as scientists warn of potential disastrous consequences for the ocean.

A Brazilian reforestation venture has unveiled its first project with an aim to restore 1,200 hectares of rainforest in the country’s Atlantic Forest with over 70 native tree species, its CEO told Reuters in an interview.

Japan's environment ministry has decided to subsidise four international emissions reduction projects under the bilateral Joint Crediting Mechanism (JCM).

Japan saw its greenhouse gas emissions drop to a record low in the fiscal year ended Mar. 2024 due to wider adoption of non-thermal energy and slower manufacturing activities, according to government data published Friday.

Adding to its string of carbon removal deals, tech giant Microsoft on Friday signed a five-year offtake agreement with a US-based carbon removal company for 44,000 CO2 removal credits.

An Indonesian enhanced rock weathering (ERW) startup has signed a carbon dioxide removal (CDR) offtake agreement with a US-based asset management firm for 4,400 removal credits.

Brazil’s emergent $125 billion “Tropical Forest Forever Facility” fund, set to be launched at COP30, fails to finance forest preservation actors, environmental advocacy non-profits said in a report Thursday.

A UK parliamentary committee has urged the government to prepare a contingency plan in case bioenergy with carbon capture and storage (BECCS) cannot reach the scale required to meet the country's net zero goals.

A partnership to plug an orphan gas well in Canada yielded its first tranche of carbon credits.

The BioCarbon environmental standard on Thursday launched a water crediting programme at the Colombia Carbon Forum in Bogota, following a 30-day public consultation.

California Carbon Allowances (CCA) fell below the 2025 price floor amidst strong front-end selling and political uncertainty around the future of the state's cap-and-trade programme, while Washington Carbon Allowances (WCAs) gained value in thin markets despite the threat of legal action from the federal government, traders said.

Liquid fuel producers suing to rescind California’s clean cars mandate will likely be granted standing by a unanimous or near-unanimous US Supreme Court (SCOTUS) ruling, but the case will then face a tough road winning on its merits, an environmental law specialist said Thursday.

The UK should focus on pushing companies to take plastics out of their materials rather than imposing a Emissions Trading Scheme on municipalities that collect and burn household waste, the Local Government Association (LGA) warned on Friday.

California diesel sales plunged nearly a quarter month-over-month (MoM) at the start of 2025, aligning with low points recorded last year, new state data showed.

The Internal Revenue Service (IRS) received hundreds of comments on their Section 45Z Clean Fuel Production Credit guidance, asking the agency to finalise guidance quickly and to adjust its definition of qualifying sales to match the transportation fuel business.

The UK has published draft legislation that will frame its Carbon Border Adjustment Mechanism (CBAM), with a technical consultation now open until early July.

Verra has denied the registration of a REDD avoided deforestation project in Brazil, citing errors by the verification body, even though the project has been subject to disputes about territorial claims as well as on the ownership of future credits.

European carbon allowance prices recovered from early sharp losses on Thursday morning but ended the day down, pulled lower both by a sharp drop in natural gas prices as the spread to Asian prices narrowed, and by early technical selling after the weekly positions data showed a small build in investor net length.