Quarterly analysis of climate policy, carbon science, and market trends

This edition examines how shifting federal priorities are giving rise to state-level policies, voluntary markets, and international momentum. It also highlights new questions emerging in carbon accounting and explores evolving strategies for scaling clean energy and carbon removal.

Key takeaways:

• California and New York are advancing new bills to support carbon removal, clean construction, and climate-smart agriculture.

• Japan and Switzerland are setting new benchmarks for regional carbon markets and national climate targets.