
Uttar Pradesh Launches Community-Based Carbon Credit Trading
The government of Uttar Pradesh, India, led by Chief Minister Yogi Adityanath, announced a community-driven carbon credit trading initiative. Under this program, village councils across the state will earn carbon credits through activities such as tree planting, water conservation, and organic farming. The focus is on making certification simple and transparent and ensuring that most proceeds from credit sales go back to local communities, with plans to link to international carbon markets in the near future.

Illegal Loggers Exploit Brazil’s Carbon Credit Projects
A Reuters investigation revealed that illegal loggers in the Brazilian Amazon have infiltrated several carbon credit projects originally designed to prevent deforestation. Among 36 study sites, 24 involved individuals or companies previously fined for deforestation or suspected of forging documentation. Despite these violations, projects have generated over $15 million in credit sales, some even after illegal activity continued. Brazil is now reportedly tightening oversight and aiming to regulate credits more strictly ahead of hosting a global climate summit.

EU to Include International Carbon Credits in 2040 Climate Goal
The European Commission has proposed a legally binding 2040 climate target that allows member states to use up to 3% of the required emissions reductions via international carbon credits, foreign credits from verified projects. This option is set to begin in 2036 and applies only to high-quality credits meeting criteria for origin, timing, and integrity.

Australian miners warn of looming carbon‑credit shortage
Major miners like Rio Tinto and the Minerals Council of Australia warned of a looming shortfall in Australian Carbon Credit Units (ACCUs) by 2030. They predict rising credit costs, potential plant closures, and inflation unless more supply is generated and regulations streamlined.

Frontier coalition backs ocean and rock carbon removal
A tech-backed coalition—including Google, Stripe, Meta, and others—invested $1.7 million to pre‑purchase carbon removal credits from startups utilizing ocean alkalinity enhancement and mineralization. Frontier, aiming to invest $1 billion by 2030, has already committed $600 million.

Kenyan start‑up pioneers direct air capture for carbon credits
Kenya’s Octavia Carbon is deploying prototype direct air capture (DAC) machines, powered by geothermal energy in the Rift Valley, each capturing around 10 tCO₂/year. They're storing CO₂ in basalt or selling it as credits, and plan to scale up to 1,000 t/year by next year. They've already secured about $3 million in credit contracts.

Weekly News: 30/6/2025 - 6/7/2025
The EU will allow limited international carbon credits for its 2040 climate target, Microsoft invests in soil-based credits to meet net-zero goals, and new UN rules aim to restore carbon market credibility. Together, these developments highlight growing reliance on carbon credits while underscoring the need for integrity and transparency.