**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.**
Presenting Carbon Pulse’s free CP Daily newsletter. Sign up here
TOP STORY
Global carbon revenues fall but 28% of emissions now covered by carbon pricing
Global carbon revenues fell in 2024, but for the second year in a row over $100 billion was raised for public budgets from pricing systems, according to a report released Tuesday.
INNOVATE4CLIMATE CONFERENCE
Institutional finance only few years away from carbon credit buying, says investor
There is a wave of capital coming to carbon markets in the next few years, a representative from a large investment firm said on Tuesday.
PACM new “quality benchmark” for Paris-aligned carbon markets, says German official
The Article 6.4 carbon crediting mechanism will set the new standard for Paris Agreement-aligned carbon markets, a German government official told a conference in Seville on Tuesday.
PACM carbon standard not only show in town, says UN official
The Paris Agreement Crediting Mechanism (PACM) can work alongside independent registries in the future to raise carbon finance for the countries most in need, a UNFCCC official said Tuesday.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 10 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
BRIEFING: Deal on EU’s Green Claims Directive in sight
An agreement on the EU’s anti-greenwashing policy, the Green Claims Directive, is now expected by the end of June, with EU co-legislators leaning towards the position adopted by the Council of EU member states, according to sources following the talks.
UK climate advisers warn against including nature-based removals in ETS
Britain’s Climate Change Committee (CCC) has warned the government against including nature-based carbon removals, such as woodland creation, in the UK ETS, arguing that such a move risks undermining emissions reduction goals and distorting the carbon market.
Taxes for UK’s woodland, peatland carbon schemes under review
The income, value-added, and inheritance taxes owed through participation in the UK’s carbon standards for woodland and peatland are still somewhat under review, but there may be some scope to qualify for tax relief, particularly with commercial woodland, experts said on Tuesday.
Refiners ask for “dialogue” with EU to formulate decarbonisation plan
Oil refiners have called on the European Commission to provide guidance on the sector’s transition to climate neutrality, as fuel suppliers prepare for the EU’s upcoming Emissions Trading Scheme for road transport and heating fuels, the ETS2.
Euro Markets: EUAs drop by most in 3 weeks as falling gas prices end carbon’s 6-day winning streak
EU carbon allowance prices gave up Monday’s gains and recorded their first loss in six days, returning to the middle of their well-established range as activity picked up on Tuesday after a public holiday on northern Europe, while gas prices continued to drift for a third day as traders eyed news of additional supply deals.
EU shipping workers’ groups still question ETS extension
One year after its official kick off, the European Union’s Emissions Trading System (ETS) for maritime transport is facing intense criticism from Mediterranean shipping leaders, who have warned of a potential rapid shift of activities to North African ports.
Spain launches EU ETS observatory to assess impact of carbon costs on maritime ports
Spain’s state-owned port authority Puertos del Estado has launched an observatory to assess the impact of the EU ETS on national port competitiveness, amid mounting concerns that higher operating costs relating to the cap-and-trade scheme could divert maritime traffic to non-EU ports.
FEATURE: How batteries and AI help increase the resilience of increasingly dispersed electricity grids
Battery energy storage and AI will be critical to strengthening the resilience of electricity grids as they become more dispersed and dominated by renewables, say energy experts.
BRIEFING: African financial institutions favour compliance over voluntary carbon markets
For years African financiers hesitated to fund voluntary carbon offset projects, mainly due to revenue uncertainty but the operationalisation of Article 6 in Baku last year has dramatically shifted their perceptions.
Ethiopia finishes carbon market legal gaps analysis, law pending
Ethiopia has completed an analysis of legal gaps affecting carbon market readiness but is still working to develop an Article 6 roadmap, as well as imminent legislation to facilitate carbon market participation.
Carbon credit firm invests €3.7 mln to scale regenerative agriculture across Europe
A Vancouver-based carbon credit investor announced Tuesday it has committed €3.7 million to a Lithuanian climate finance firm under a royalty agreement to scale regenerative agriculture across 1 mln hectares of European farmland.
AMERICAS
Federal court denies Brazilian prosecutors’ request to suspend Para’s $180 mln J-REDD+ deal
A federal court on Monday denied Brazilian prosecutors’ request to urgently suspend the state of Para’s $180 million jurisdictional REDD+ (J-REDD+) deal with a coalition of national governments and corporates, according to a press release.
FEATURE: US ERW boom should be tied with rapid research expansion, experts say
Policymakers must look to support rapid research and development of enhanced rock weathering (ERW) as the nascent market expands mostly outside the reach of government regulators, argue carbon removal (CDR) advocates.
British Columbia releases draft offset protocol for refrigerant emissions
The Canadian province of British Columbia (BC) proposed new rules to regulate how GHG reductions from refrigeration and air-conditioning systems can generate carbon offset credits, according to a draft protocol released on Tuesday.
Ocean carbon removal US startup announces domestic manufacturing facility
In an effort to scale domestic production capabilities, a CO2 direct ocean capture (DOC) technology company announced plans on Tuesday for new headquarters and a commercial manufacturing facility.
US carbon credit developer expands into Costa Rica, aims for fourfold increase in project acreage
A US-based soil carbon project developer announced Tuesday the expansion of its grassland restoration and carbon finance initiatives into Costa Rica, aiming to quadruple its ranchlands acreage being developed with sustainable agricultural practices.
ASIA PACIFIC
NZ government sued over weak Emissions Reduction Plan, reliance on tree planting
A prominent legal group is taking the New Zealand government to court over its Emissions Reduction Plan (ERP), alleging it fails to fulfil basic requirements of the law.
Malaysian oil and gas projects risk billion of tonnes of CO2 pollution -report
Malaysia could see over 4 billion tonnes of CO2e of lifecycle emissions should all of its existing and planned oil and gas projects continue or go ahead, an environmental watchdog warned Monday.
S. Korean government affiliate to back 6 international emissions reduction projects
An organisation under South Korea’s environment ministry has inked a business agreement with 13 companies to support their international emissions reduction projects.
China’s Shandong releases methodology for seagrass beds
China’s Shandong province has released a methodology to quantify carbon sinks stored in seagrass beds, as the regional government seeks to explore the potential of blue carbon.
Laos adopts decree to speed up carbon market, develop Article 6 pipeline
Laos this week adopted a decree to govern its carbon market, following up on previous efforts with an eye to developing a project pipeline under Article 6 of the Paris Agreement.
VOLUNTARY
Verra operationalises flagship REDD+ methodology in first two jurisdictions
Verra has finalised risk maps for projects in two Brazilian states and, in so doing, fully operationalised its revamped REDD+ methodology VM0048 via the ‘avoiding unplanned deforestation’ VMD0055 module, the standard announced on Tuesday.
CCP-approved credits offered under $2 as market waits for more variety in credits
Core Carbon Principle (CCP) high integrity-stamped carbon credits are being offered for under $2 as the number issued from the big four registries passes the 60 million mark, according to market participants.
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.
UNOC: Countries sign ocean accounts pledge to encourage financing
Fourteen countries have signed a pledge to implement ocean accounting by 2030 into their national systems in a bid to attract marine conservation investors.
UNOC: Nature Positive Initiative announces ‘ocean positive’ process
The Nature Positive Initiative (NPI) has begun the initial process to find metrics that corporations can use to work towards “ocean positive” actions.
UNOC: Pacific Islands pledge to protect oceans, ask for funding
All 22 Pacific countries and territories on Tuesday pledged at the UNOC conference in Nice to work together to protect their oceans under the Unlocking Blue Pacific Prosperity Initiative (UBPP), though funding remains a major challenge.
UK standards body launches consultation on nutrient credits
A UK standard body has launched a consultation round on a framework for nutrient credits as part of its broader effort to boost confidence and interest in nature markets.
Latin America development bank raises €100 mln blue bond
The Development Bank of Latin America and the Caribbean (CAF) launched its first-ever blue bond, raising €100 mln to support coastal development, the financial institution announced on Tuesday.
Biodiversity Pulse: Tuesday June 10, 2025
A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
COMMENT
Why the EU should hold the line on its Methane Regulation
At a critical point in its energy transition, the EU must resist deepening dependence on US LNG in exchange for tariff relief and instead stay the course on reducing gas demand and enforcing its Methane Regulation, which offers a strategic tool to boost climate action, energy security, and global market influence.
—————————————————
ADVERTISE WITH US
Carbon Pulse has published its 2025 advertising brochure and media pack, featuring updated offerings and prices. With that, bookings are now open for advertising on our website and in our newsletters.
—————————————————
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.**
Got a tip? How about some feedback? Email us at [email protected]
