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TOP STORY
Oversight body suspends Brazilian prosecutors’ demand to halt Para J-REDD deal
An oversight committee has suspended a demand by Brazilian prosecutors’ offices to annul a $180-million jurisdictional REDD+ (J-REDD+) deal announced by the state of Para last fall.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 23-25 May 2025
Introducing the CP Daily News Ticker, a running list of all our news updated in real-time throughout the day. This is also the new home to our ‘Bite-sized updates from around the world’, which previously featured at the bottom of our CP Daily newsletter.
EMEA
EU 2040 climate target due in early June, official says
The European Commission is expected to put forward its legislative proposal for a 2040 climate target ahead of a meeting of EU27 environment ministers on June 17, sources said on Friday.
ANALYSIS: UK emissions cap to feature in ETS linking talks with EU, as Brexit politics looms over progress
An initial agreement struck on Monday to link the EU and UK emissions trading schemes (ETS) includes a key commitment from Britain to ensure “dynamic alignment” with the bloc’s carbon market legislation – a move that brings the Britain’s emissions cap on the negotiating table, sources told Carbon Pulse.
Largest party in EU parliament requests to push back final Green Claims talks
The largest political party in the European Parliament, the European People’s Party (EPP), is pushing to delay the final Green Claims Directive (GCD) trilogue, currently slated for June 10, according to multiple sources close to the file.
Landmark European court ruling that Scope 3 emissions must be factored into oil and gas production
The GHG emissions from burning fossil fuels must be considered in the environmental impact assessments (EIAs) for their extraction, ruled a European court this week.
State-funded switch to electric vehicles could soften ETS2 impact -analysis
Subsidised leasing could enable up to 3 million households on low or modest incomes to switch to electric vehicles by 2032, softening the impact of any potential price rises of fuel caused by the introduction of the EU’s emission trading system for heating and transport in 2027 (ETS2), according to new analysis published on Monday.
Euro Markets: EUAs recover to weekly gain despite looming US tariff threat, UKAs lock in 7% increase
European carbon prices slipped lower on Friday but found resilience above €70 despite US President Donald Trump threatening hefty tariffs on the EU, which sparked a short-lived afternoon sell-off on EUAs, while UKAs secured a 7% weekly gain.
EU too worried about costs in bid to simplify sustainability reporting, warns NGO
The European Commission may be throwing the baby out with the bathwater in its ongoing attempt to simplify corporate sustainability reporting obligations, an NGO has warned on Friday.
EU proposes F-gas registry exemption for small firms in latest push to ease compliance costs
The European Commission this week proposed changes to its fluorinated gas (F-gas) regulation that would exempt around 10,000 small firms from registering in the EU’s F-gas Portal from 2026, as part of wider efforts to cut regulatory red tape while preserving climate goals.
UK court upholds government approval for Teesside gas power plant with CCS
The UK Court of Appeal on Thursday dismissed a legal challenge brought by an environmental campaigner against the British government’s decision to approve a major gas-fired power station with carbon capture and storage (CCS) in Teesside, ruling that ministers had acted lawfully in balancing the project’s emissions with national climate goals.
UK standard body launches insetting framework for Scope 3 mitigation
UK standard body Social Carbon has launched an insetting framework for supply chains in forestry, land use, and agriculture (FLAG) on Friday.
South Africa budget announcement confirms CO2 tax price rise, offset use expansion
A South Africa budget announcement this week has confirmed a proposed price rise for the country’s CO2 tax from next year as well as the expansion of carbon credit provisions, which will allow affected entities to use more offsets to meet their obligations.
AI’s power demand approaching that of the Netherlands -research
A Dutch researcher has estimated the electricity consumption of AI modules and complete AI systems based on global chip production capacity and modules in use.
Canadian cleantech firm to invest $40 mln in Egypt carbon capture plant
A Canadian cleantech firm plans to invest $40 million to establish a manufacturing facility in Egypt focused on flare gas recovery, carbon capture, and reinjection technologies, officials said following high-level talks in Cairo.
UK firm launches carbon project financing RFP backed by major lenders
A UK-based climate fintech firm has launched a request for proposals to finance carbon credit projects with institutional debt, marking a fresh bid to unlock non-dilutive capital for developers seeking at least $1 million.
AMERICAS
Three companies win auction for sustainable management of 453k hectares of Brazilian Amazon
Three companies on Wednesday won an auction held by Brazil’s national development bank for the sustainable management of some 453,000 hectares of Amazonian forest.
Brazil’s Petrobras broke CO2 injection record, continued REDD+ purchases in 2024
Brazilian state-owned oil company Petrobras injected a record volume of CO2 and continued its purchases from a REDD+ project, according to its annual climate report published Friday.
California advisory body suggests tweaks to ETS extension, spending proposal
The California Legislative Analyst’s Office (LAO) this month outlined recommendations surrounding the governor’s proposal for cap-and-trade extension and the Greenhouse Gas Reduction Fund (GGRF) expenditure plan to better align the scheme with legislative priorities.
US EPA is reviewing ‘mental leaps’ in science behind endangerment finding, Zeldin says
US EPA Administrator Lee Zeldin indicated this week that the agency is reviewing some “mental leaps” in the scientific findings that underpin a 2009 rule key to many US climate policies, known as the endangerment finding.
US watchdog calls Trump administration’s $5 bln EV charger funding freeze illegal
A non-partisan watchdog released a report on Thursday calling Department of Transportation (DOT) actions to halt a $5 billion programme funding EV charging station deployment across US states a violation of federal law.
CFTC: Emitters boost CCA, RGGI net length while investors derisk across US carbon markets
Producers added California Carbon Allowance (CCA) and V25 RGGI Allowance (RGA) length ahead of Q2 auctions as investors reduced exposure to US compliance carbon markets, data published Friday by the US Commodity Futures Trading Commission (CFTC) showed.
Canada must strengthen its leadership in methane reduction with binding targets, transparent data -report
Canada should strengthen its leadership on methane emission mitigation through firmer targets, enhanced transparency, and better data, according to a new report published on Thursday.
Canadian biochar experts exit carbon market operations, to refocus on technical consulting
A Canadian environmental consultancy focused on pyrolysis and biochar will cease its activities in the carbon markets, it announced this week, marking the end of the firm’s seven-year journey in the offset space.
ASIA PACIFIC
Australian Market Roundup: Landfill gas projects dominate issuance as ACCU price inches up
Australian Carbon Credit Unit (ACCUs) issuances rose in April, largely generated by landfill gas projects, as market prices slowly pick up despite a lull in activity.
CN Markets: CEAs fall back below RMB 70 amid selling pressure, CCERs hold higher
Permit prices in China’s national emissions market this week again fell below the RMB 70 ($9.72) mark amid mounting selling pressure, remaining at 16-month lows, while the country’s offset market still saw credits traded above RMB 80.
NZ budget shows govt not serious about meeting 2030 NDC, legal group says
A prominent New Zealand legal group has questioned the government’s seriousness about meeting its 2030 international climate targets, given its latest budget provides no funding to purchasing overseas carbon credits.
Australian carbon market industry body CEO announces resignation
The head of Australia’s carbon market industry body will resign on July 4, the organisation announced Friday.
Australian DAC startup partners with Kenyan developer to store CO2 in Great Rift Valley
An Australian direct air capture (DAC) startup has signed an agreement to deploy solar-powered DAC modules in Kenya, as interest grows in using the Great Rift Valley’s geology and renewables for CO2 removal projects.
Empty gas fields could host large-scale Australian energy storage projects -paper
Some depleted oil and gas reservoirs in onshore Queensland could be repurposed as compressed air energy storage (CAES) and offer a decarbonisation solution, according to researchers.
VOLUNTARY
Nature-based CDR buyers’ club describes “promising” first wave of proposals
A US-based carbon removal (CDR) buyers’ coalition focused on nature-based solutions has received an unexpectedly high volume and quality of responses to its inaugural request for proposals (RFP), according to early insights from the process published Friday.
Commodities trader ramps up financing for large blue carbon project
A commodities trader has raised its pre-financing support for a large mangroves carbon project, it announced Friday.
Cover crops offer only modest climate benefits with mixed yield impacts, study finds
Widespread adoption of cover crops and no-tillage farming on global croplands could reduce greenhouse gas emissions but often at the expense of crop yields, according to a new study.
INTERNATIONAL
UN to review new cookstoves carbon methodology at next PACM methodology meeting
UN officials tasked with helping to shape the Paris Agreement Crediting Mechanism (PACM) will review and discuss a new clean cooking crediting programme at the next methodological expert meeting in the summer.
Singapore, Paraguay sign Article 6 implementation agreement
Singapore and Paraguay on Friday signed a final implementation agreement on carbon credits under Article 6 of the Paris Agreement, the seventh of its kind sealed by the Southeast Asian country.
Brazil urges negotiators to shift gears in Bonn, flags fossil fuels
In a third letter to global climate negotiators, published Friday, Brazilian COP30 President-Designate Andre Correa do Lago urged countries to shift gears when they meet in Bonn next month, warning against postponing important decisions.
Ghana, Singapore endorse proposed land-based carbon project under Article 6.2
Ghana and Singapore have signalled early support for a proposed Article 6.2 soil carbon project in Ghana’s Upper West Region targeting 3.6 million tonnes of CO2 by 2030, the project developer announced this week.
Complex climate scenarios risk alienating Global South policymakers -report
A lack of familiarity with scientific emissions scenarios is limiting their usefulness for climate decision-making in low- and middle-income countries, according to analysis released Friday.
Extreme climate events can transform mangroves from carbon sinks to carbon sources -report
Short-term sea-level changes driven by climatic oscillations such as El Nino and the Indian Ocean Dipole (IOD) can trigger widespread mangrove dieback and reverse their role as carbon sinks during extreme events, a study released Friday has found.
Carbon pricing policies can tilt trade advantage toward fossil-fuel intensive industries, study finds
Carbon pricing policies, including both taxes and fossil fuel subsidies, significantly influence countries’ export competitiveness in heavy industries, with coordinated global action key to mitigating trade distortions, a new study has found.
BIODIVERSITY (FREE TO READ)
All our nature and biodiversity articles remain free to read (no subscription required). However, we now require that all readers have a Carbon Pulse login to access this content in full. To get a login, sign up for a free trial of our news. If you’ve already had a trial, then you already have a login.
Non-profit kicks off German-funded biodiversity and nature project in the Philippines
A large non-profit will start work on a €32.7-million German-backed project that could help the Philippines meet its global climate and nature targets, it announced this week.
Researchers call for a biodiversity loss tax in Indonesia
A Jakarta-based research institution released a policy brief this week that calls for taxing individuals and companies if they destroy Indonesia’s biodiversity.
INTERVIEW: EU urged to take three priority steps to meet 2030 biodiversity targets
Effectively implementing the Nature Restoration Law, enforcing existing regulations, and ramping up funding for ecosystem and species conservation are among the key steps the EU should take to ensure recent progress on biodiversity action does not remain on paper, an expert told Carbon Pulse.
New bill threatens environmental protections in biodiverse Canadian province
A new bill aimed at expediting development in Canada’s most populated province has conservationists up in arms for slashing back environmental protections.
COMMENT
Building on BECCS – The Blueprint for a Gigaton-Scale CDR Future
Elimini President Laurie Fitzmaurice gave the keynote speech at this week’s Carbon Unbound 2025 conference in New York. Here is a summary of her remarks.
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EVENTS
Carbon Removal Investment Summit: June 3, London – cCarbon is hosting this exclusive, one-day conference with the goal of accelerating carbon removals through a data and modelling-driven discussion. It will bring together a distinguished group of investors, capital providers, carbon removal buyers, leading developers, and other key stakeholders to unlock investment and create partnering opportunities. An invite-only investors’ conclave will take place during the summit to explore pathways for unlocking and chanelling capital into carbon removals. Attendees will have the opportunity to participate in high-impact sessions to discuss the business case for nature- and technology-based removals. cCarbon will unveil a data-driven benchmarking tool designed to assess carbon removal providers based on key factors like feasibility, scalability, and maturity. Register here
Eurelectric Power Summit: June 3-4, Brussels – Rising cybersecurity threats, procurement issues, and escalating geopolitical tensions are testing the resilience of Europe’s energy sector. Transport, big tech, and industry are raising new demands: from lower electricity prices and more competitive contracts for industrials to exponentially higher electricity demand from data centres and AI. Meanwhile, the energy price crisis caused the average energy consumer to be increasingly sceptical of the power sector and Europe’s energy transition. Join the most influential policymakers and industry leaders in Europe at Eurelectric’s Power Summit to make sense of these megatrends. Register here
Climate Action for People and Nature (Gold Standard): June 5-6, Paris – Join climate leaders, policy makers, innovators, and corporate trailblazers committed to bridging the gap to net zero. This two-day event offers practical insights and tools to help your organisation navigate evolving climate targets, carbon markets, environmental attribute certificates (EACs), and other impact-driven mechanisms. Don’t miss the chance to network, learn, and lead credible climate action that drives real impact for both people and planet. Purchase your ticket today
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ADVERTISE WITH US
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BITE-SIZED UPDATES FROM AROUND THE WORLD
Our bite-sized updates no longer appear in the CP Daily newsletter, and have been relocated to the new CP Daily News Ticker launched on the Carbon Pulse website. The Ticker will act as a ‘live blog’, featuring all Carbon Pulse news published that day, appearing in real time. A link to the Ticker will appear in our daily newsletters (see above). For now, the Daily News Ticker remains free to read for Carbon Pulse non-subscribers, but it will soon be migrated to paid access only.
**NOTICE: To mark Carbon Pulse’s 10-year anniversary and to better serve our subscribers with more targeted content, we are expanding and segmenting our news and intelligence into three specialised products. Read our FAQs to help you understand and prepare for our new offering.**
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