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TOP STORY
FEATURE: Water credit market takes first steps as scarcity hits crisis point
Emerging frameworks in the voluntary water credit market are paving the way for fresh private capital to address the ongoing water crisis, with early movers looking for local buyers.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 4 June 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 ETS revenues should be used for industrial electrification -industry group
A significant portion of EU ETS revenues should be directed towards industrial decarbonisation efforts, including electrification, a lobby group said Tuesday.
Revenue frontloading can ease early EU ETS2 impact -report
As the EU prepares to roll out its second Emissions Trading System (EU ETS2), a study has found that revenue frontloading could ease the transition to carbon pricing for transport and heating while accelerating climate action.
EU road transport emissions rose in 2024, official data shows
After a consistent decline in 2020-23, average CO2 emissions from newly registered cars in Europe increased in 2024, according to provisional data released today by the European Environment Agency (EEA).
Euro Markets: EUAs end almost unchanged as carbon tracks swings in gas, while UKAs hold above key level
EU carbon prices gave up a mid-morning rally to end Wednesday fractionally higher, after early strength driven by firmer natural gas and equities as well as the lack of a daily auction, with participants eyeing a recent upside resistance zone around €74.00, wile UKAs continued to hold on just above a key psychological level.
EU met annual gas reduction goal, despite uptick in consumption -data
EU member states have cut their gas consumption by 15.6% compared to 2017-22, exceeding a voluntary target agreed last year, even though total consumption actually rose slightly compared to last year, according to fresh data.
EU ETS, CORSIA incompatible in long term, says global consultancy
The EU ETS and UN CORSIA international aviation offsetting scheme have a “collaboration issue” which will come to a head in 2027, according to a new report from an international consultancy.
Denmark did not ask for Article 6 flexibility to meet 2040 target -minister
Denmark’s climate and energy minister said on Wednesday that his country has not asked the European Commission for the inclusion of international (Article 6) credits to meet the EU’s 2040 emission reduction target, insisting however that the decision needs to be a collective one.
Stable electrification is vital to Europe’s security, say energy experts
Security is becoming the main concern when developing tomorrow’s energy system, with a stable power supply critical to these plans, said European energy executives at an industry event on Wednesday.
BRIEFING: UK carbon regulator could cut reporting burdens and unify oversight
Establishing a dedicated carbon regulator in the UK could reduce reporting burdens, raise data quality, and strengthen investor confidence by standardising emissions accounting and coordinating oversight, proponents argued on a webinar on Wednesday, building on mounting calls for the establishment of an entity to oversee emissions policy.
Morocco moves to issue certificates of valid carbon reporting in lead-up to EU CBAM
The lower house of the Moroccan legislature on Monday passed a bill empowering a domestic body to issue certificates validating companies’ reporting about embedded carbon, as the North African government prepares for EU CBAM compliance from 2026.
AMERICAS
White House requests Congress to rescind $2 bln in international finance, citing climate focus concerns
The White House last week requested Congress claw back over $2 billion in international finance appropriated to the US State Department, citing concerns about its use for climate projects.
Potential US CBAM should include national carbon fee, exempt domestic CO2 taxes -report
Proposals for some form of US carbon border adjustment mechanism (CBAM) should include the implementation of a national carbon price, as well as exempt exporting entities for their domestic CO2 costs, according to a report.
US climate-focused investment firm raises $430 mln to scale digital climate solutions
A US-based, climate-focused investment firm announced it raised over $400 million for its latest early-stage fund, with capital to be deployed into digital and software-enabled companies supporting decarbonisation.
US Transportation department puts California’s high-speed rail on notice of potential loss of $4 bln federal funding
The US Department of Transportation (DOT) released a report Wednesday finding California’s high-speed rail project to be in default of the terms of two federal grants totalling roughly $4 billion.
California advances bill to lower energy costs for ratepayers during summer peaks
A California Assembly committee has approved a bill that seeks to offer electricity customers a climate credit during the hottest months of the year, to ease energy burdens as the state promotes its electrification programmes.
Oregon CFP deficits on track to surpass credit generation in Q4 2024
Deficit generation under the Oregon Clean Fuels Program (OCFP) in Q4 last year surpassed total credit output, which dropped to the lowest levels since early 2023, according to state data published this week.
ACX forms partnership to launch digital carbon exchange in Argentina
International carbon exchange ACX Group has teamed up with a local Argentinian marketplace to launch what it claims to be the country’s first digital carbon exchange, the company announced Wednesday.
Brazilian prosecutors file new lawsuit in bid to block $180-mln Para carbon credit deal
Brazil’s Federal Public Ministry (MPF) filed a lawsuit Tuesday requesting the immediate suspension of an international contract for the purchase and sale of carbon credits signed between the state of Para and a coalition of international governments and multinational corporations.
ASIA PACIFIC
South Korea’s new president expected to expand renewables, shut down coal plants
The victory for South Korea’s left-leaning presidential candidate Lee Jae-myung in Tuesday’s election could mean a boost to the country’s renewable energy sector, while the shutdown of coal-fired power plants has been brought to the policy agenda.
Australian think tank makes case for Asian CBAM to drive green manufacturing
A pan-Asia Pacific carbon border adjustment mechanism (CBAM) taking in the wealthiest industrial nations covering steel, cement, and aluminium is the best and cheapest way to reduce emissions from these hard-to-abate sectors while preserving margins and industries, an Australian think tank argued in a report Thursday.
Nature-based asset manager makes first investment in Vietnam
An Asian forest fund has invested in a Vietnamese timber company, its first step into the Southeast Asian country.
Blue carbon pilot in Japan to test drone- and AI-based credit certification method
A Japanese project has begun testing a new method to measure blue carbon using satellite-guided underwater drones and artificial intelligence (AI), in a bid to accelerate seaweed bed conservation and simplify the certification of blue carbon credits under the country’s J-Blue Credit system.
Scientists warn New Zealand PM on agricultural emissions accounting
A group of climate scientists have sent an open letter to New Zealand Prime Minister Christopher Luxon, warning him that changing how the country accounts for biogenic methane emissions risks jeopardising its Paris Agreement commitments.
Shanghai to auction off CO2 permits under regional ETS
The Shanghai government will auction off carbon allowances under its emissions trading scheme at the end of this month to ensure regulated companies can acquire sufficient permits for compliance purposes.
INTERNATIONAL
Brazil COP30 presidency keen to centre carbon markets in summit agenda, official says
A representative of the Brazilian COP30 presidency said during a webinar Wednesday that the nation is keen to draw focus to carbon markets at the upcoming climate talks.
VOLUNTARY
VCM MONTHLY DATA: Major jump in May voluntary carbon issuances, as credit retirements also soar 75%
May saw a major jump in issuances in the voluntary carbon market (VCM), while monthly retirements also soared 75% year-on-year, putting the market back on track for a record year, new Carbon Pulse analysis of registry data shows.
INTERVIEW: Blockchain firm aims to cut “needless” organic waste methane emissions, scale ‘recycling’ credits
A Switzerland-headquartered blockchain platform aims to address organic waste methane emissions from landfills it says are rampant yet avoidable, pairing carbon with so-called recycling credits to help companies meet both their decarbonisation and extended producer responsibility (EPR) goals.
Agtech firm partners with blockchain network to scale tokenisation of regenerative farming carbon credits
An online agtech company has partnered with a Hong-Kong based blockchain network to tokenise carbon credits, in a deal that could see up to 1 million REDD+ in Mexico moved on-chain, the company claimed.
Premium prices, complexity could stall corporate biochar uptake
Premium pricing and technical complexity are stalling corporate demand for biochar carbon removal, creating procurement hurdles even as companies face pressure to meet net zero targets, according to market participants.
INTERVIEW: Industrial group sees rising demand to decarbonise gas plants with CCS
Demand is growing to decarbonise new gas plants with carbon capture and storage (CCS), particularly to serve the spiralling electricity demand of AI-led data centres, said an industrial group executive, who emphasised the importance of thermal power to maintain system flexibility.
Scope 3 tech startup raises $30 mln to fund expansion
A technology company that uses artificial intelligence to uncover root scope 3 emissions has raised $30 million in Series B funding.
AVIATION/SHIPPING
Ports should ditch ‘first come, first served’ queueing system to reach IMO goals – report
New research shows that the shipping industry could reduce a sizeable chunk of its CO2 emissions by ditching “first-come, first-served” port arrival systems and implementing queueing systems that don’t incentivise ships to rush to their destination.
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.
Brazilian healthcare institution buys $15k of voluntary biodiversity credits
A Brazilian healthcare institution has purchased $15,000 worth of voluntary biodiversity credits, becoming the first in its field to finalise a transaction in the emerging market.
$14.6-bln funding gap threatens 2030 ocean conservation targets, report warns
Just $1.2 billion currently flows to marine protection annually, compared to the $15.8 bln needed every year to protect and conserve at least 30% of the world’s oceans by 2030, according to a report released on Thursday.
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EVENTS
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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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