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TOP STORY
Ghana approaches first ITMO issuance as it seeks to cut 8 mln tonnes of emissions
Ghana – the frontrunner in the African carbon market landscape – will move towards the issuance of its first Article 6 credits in the next couple of weeks, an official from the country’s Environmental Protection Agency (EPA) told a conference Wednesday.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 28 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 of our ‘Bite-sized updates from around the world’, which previously featured at the bottom of our CP Daily newsletter.
EMEA
EU countries on track to cut emissions 54% collectively by 2030, Brussels says
EU member states are on track to meet their 55% greenhouse gas emissions reduction goal for 2030, after improving their climate plans following recommendations from Brussels, the European Commission announced on Wednesday.
EU’s Market Stability Reserve to withdraw another 275.5 mln allowances from ETS starting Sep. 2025
A further 275.5 million carbon allowances will be withdrawn from the EU ETS over the 12 months starting this September and inserted into the Market Stability Reserve (MSR), the European Commission announced late Wednesday in its annual ‘TNAC’ update.
German court rejects Peruvian farmer’s case against RWE, but ruling seen as key liability precedent
A German court has dismissed a landmark climate lawsuit brought by a Peruvian farmer against energy giant RWE, but an important precedent may have been set where big emitters can be held liable for the impact of their greenhouse gas emissions.
Latest EU carbon removal certification work sets “considerably lower” standard than PACM, say experts
Revised methodologies under the EU Carbon Removals and Carbon Farming (CRCF) framework still lack integrity, market experts said on Wednesday, arguing that those being developed under the Article 6 Paris Agreement Crediting Mechanism (PACM) look likely to be better.
Clean cooking finance initiative plans expansion, new project selection imminent
A clean cooking funding initiative in Africa plans to expand its reach and will select the first companies through a second funding round by the end of June, with carbon finance also helping to fund its work.
Euro Markets: EUAs make slim gains after funds extend net long positions
Benchmark European carbon prices were forced to settle for a small gain on Wednesday as the market initially reacted strongly to funds marginally extending their collective net long position, with strength also fed in from a supportive auction result, before prices eased over the afternoon, while UKAs slipped lower after investors cut their previous-record bullish positioning.
AMERICAS
Peru adds five new carbon methodologies to national registry
Peru will include, by the end of this week, five additional methodologies from the voluntary carbon market (VCM) in its National GHG Emissions Reduction Registry (RENAMI), the country’s top climate official announced on Wednesday.
State of Sao Paulo prepares to grant 38,000 hectares for reforestation in Atlantic Forest
The Brazilian state of Sao Paulo is in the final stages of allowing the private sector to access 38,000 hectares of public lands for restoration and the development of carbon and biodiversity credits in the Atlantic Forest, an official told Carbon Pulse.
Brazil’s development bank approves $23 mln for capture of commercial CO2, biomethane plants
Brazil’s national development bank approved on Wednesday the financing of R$131.1 million ($23 mln) for the largest biomethane producer in Latin America.
Return back to basics amid macro, political uncertainty, climate tech investors say
Unit economics, profit margins, and customer pain points have taken centre stage for climate tech investors as they assess prospective investees in an uncertain market, conference attendees heard Wednesday.
Iowa lawmakers approve measure to establish SAF tax credit in the state
Iowa state lawmakers have passed a bill to establish a sustainable aviation fuel (SAF) tax credit to support production in the state.
California’s latest offset issuance thins to 112k, no new DEBs
Offset issuance in California thinned over the latest two-week stretch, state data published Wednesday showed, with no new units offering direct environmental benefits to the state (DEBs).
ICE’s North America carbon head joins US broker-dealer to help build energy business
ICE’s North American head of environmental products has left the exchange operator to join a US-headquartered broker-dealer to help them build their carbon and energy trading business.
ASIA PACIFIC
Woodside granted federal approval to operate North West Shelf until 2070
The Australian government has approved a proposal to extend Woodside Energy’s North West Shelf (NWS) gas facility to 2070, it announced Wednesday.
ADB says its private sector investments avoid 23.5 MtCO2e per year
Active private sector projects financed by the Asian Development Bank (ADB) have avoided 23.5 million tonnes of CO2 equivalent annually as of the end of 2024, according to an internal review of its activities.
BRIEFING: Greening the steel industry will take time, but near-term emissions cuts can’t be ignored, conference hears
Green steel is likely a long way off from being a commercially viable product, but producers could take a range of steps now to begin cutting emissions that would barely affect their bottom line, a conference in Singapore heard this week.
Japanese shipping company retires technology-based CDR credits
Mitsui OSK Lines (MOL) has become the first in Japan’s shipping sector to retire technology-based carbon removal credits, it announced Wednesday.
Japan legislates mandatory ETS from 2026
Japan’s parliament on Wednesday enacted an amendment to the country’s green transformation law, making it mandatory for companies with annual CO2 emissions of 100,000 tonnes or more to participate in the national emissions trading system from FY2026.
South Pole, Malaysian asset manager announce ASEAN carbon credit plans
A Malaysian asset management company has partnered with developer South Pole to develop carbon credits across Southeast Asia.
Livestock net zero pathways can be profitable, Australian study finds
Australian researchers have found that livestock farms can transition to net zero emissions by 2050 while boosting profits, but only if mitigation measures are bundled and tailored to local conditions.
INTERNATIONAL
Next generation geothermal technology could transform energy sector, analysts say
Geothermal energy is racing up the leaderboard for innovation to become a contender as the next technology to transform the energy sector, although oil majors may slow progress after many cut spending on low-carbon projects, analysts have said.
Eight ways to distribute global emissions reductions efforts equitably under CBAMs -report
A global think tank has proposed a variety of options to address emissions leakages in an equitable manner while avoiding perverse outcomes for developing countries.
Net zero goal within reach, but needs urgent policy shifts and large-scale investment -report
Reaching global net zero emissions remains possible, but only if governments accelerate policy reforms, ramp up clean energy investment, and better align public finance with climate goals, according to research published Monday.
VOLUNTARY
Verra announces partnership to speed up voluntary carbon market processes
Standards body and registry Verra announced a long-term partnership Wednesday in support of the organisation’s efforts to automate and digitise project development for the voluntary carbon market (VCM).
INTERVIEW: Proposed system frames emissions as long-term liabilities, says short-term offsets inadequate
Carbon markets seek to incentivise climate action by attaching financial value to emissions reductions, but a senior research scholar at Stanford has instead proposed shifting to a system where carbon emissions are treated like long-lived financial liabilities.
Carbon removal standard launches new direct ocean capture crediting methodology
A carbon removal crediting body has unveiled a draft method for carbon removal (CDR) via direct ocean capture and storage (DOCS), which is now open for public consultation.
Global carbon data project unveils new model version, opens consultation
A blockchain-based carbon metadata project has released a new version of its model, which is now available for public consultation.
Bioplastics could be cost competitive if carbon price factored in -report
Plastics made from renewable carbon could achieve negative emissions thanks to durable sequestration, and be cost competitive with fossil-based alternatives were carbon costs factored in, a consultancy has found.
Clean Cooking Alliance launches global data hub to boost carbon project design
The Clean Cooking Alliance (CCA) has unveiled a new open-access online platform aimed at accelerating the development of clean cooking carbon projects by improving access to household energy data.
AVIATION/SHIPPING
Biofuel supply constraints, costs will challenge compliance with new IMO rule -analysis
Following the recent agreement for a global carbon tax on shipping emissions, energy analysts project that the maritime industry will face biofuels supply constraints and high costs of e-fuels as it attempts to comply with the new rules.
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.
Proposed UK biodiversity net gain reductions risk ‘wiping out sales’
The UK government has announced a consultation on reducing its biodiversity net gain (BNG) requirements for smaller sites, in changes that market stakeholders have said could eliminate demand for off-site units.
UN, Oxford University release first guide for assessing sports’ impacts on nature
A paper released on Tuesday called on sports organisations to assess their direct and indirect impacts on nature to mitigate biodiversity-related risk and align with global regulations and targets.
IDB-backed initiative gears up for biodiversity market pilot in Dominican Republic
A four-year initiative funded by the Inter-American Development Bank (IDB) is gearing up to set up pilot projects aimed at laying the groundwork for establishing a voluntary market for biodiversity credits in the Dominican Republic.
Incubator seeks to unlock $200 mln for nature markets
A UN-backed incubator of nature market models on Thursday announced support for seven initiatives around the world with the aim of unlocking up to $200 million in restoration investment.
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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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BITE-SIZED UPDATES FROM AROUND THE WORLD
Our bite-sized updates no longer appear in this newsletter and have been relocated to the new CP Daily News Ticker launched on the Carbon Pulse website. The Ticker acts as a ‘live blog’, featuring all Carbon Pulse news published that day, appearing in real time. 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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