This week’s highlights:

• Barclays’ first CDR offtake: 6,538 tCO₂ via enhanced rock weathering in Canada; pilot into high‑integrity removals

• Buyers double down on removals: Wise expands with Opna; Anglo American partners with Isometric/ZeroEx on ERW in Brazil

• Microsoft invests in Fortera (low‑carbon cement) with rights to environmental attribute credits (Scope 3 strategy)

• Policy: Indonesia moves toward Verra MRA + carbon value decree before COP30; Brazil proposes CO₂ price floor “club” and launches B3 registry pilot

• Market data: EM 2025 report shows 2024 transactions ~25% lower YoY, prices ~5.5% lower; removals command ~381% premium; spot volumes weak; two‑speed market persists

• Integrity: Verra cancels over‑issued Kariba credits; launches digitized rice methodology

• Barclays–UNDO ERW deal: https://www.businessgreen.com/news/4519415/barclays-undo-ink-landmark-enhanced-rock-weathering-carbon-removal-deal

• Wise/Opna, EM recap: https://carbonherald.com/vcm-shows-resilience-amid-transition-ecosystem-marketplace-finds-in-new-report/

• Anglo–Isometric–ZeroEx ERW: https://carbonherald.com/isometric-anglo-american-and-zeroex-partner-to-deliver-verified-carbon-credits/

• Microsoft–Fortera: https://www.esgdive.com/news/climate-week-nyc-2025-announcements-disaster-response-green-deals-j-and-j-levis-microsoft-mastercard/760980/

• Indonesia–Verra MRA: https://carbon-pulse.com/438476/

• Brazil price floor + B3 registry: https://carbon-pulse.com/438556/ and https://carbon-pulse.com/438616/

• Spot market/data signals: https://carbon-pulse.com/438461/

• Verra Kariba action: https://verra.org/verra-acts-on-kariba-project-cancels-excess-credits-advances-independent-review/

Links mentioned:Get the full brief and real‑time intel: vcm.fyiWe build the most comprehensive VCM intelligence platform—sign up for early access at vcm.fyiNote: All figures are sourced and linked for verification 1.