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SB62
PREVIEW: Double-dipping, but getting less? Climate finance seeks alignment at SB62
UN negotiators are expected to lock horns over climate finance as the meeting of the Subsidiary Bodies (SB62) kicks off on Monday, having historically struggled to summon new, substantial, and complementary funds from carbon markets and other sources.
Five issues on the table as climate negotiators head to Bonn
Intersessional climate talks opening next Monday in Bonn are poised to be a tense waypoint on the road to COP30 in November, with progress clouded by a lack of commitment against a backdrop of diplomatic challenges.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 13-15 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.
VOLUNTARY
Complex field of new durable CDR puts off buyers, warns platform
The myriad number of complex and competing technologies in the durable carbon removal (CDR) market is stalling growth by hindering first-time buyers from taking the plunge, a data platform warned, as it updated its classification of credits in the sector.
Portfolio approach to tree planting could cut billions in carbon removal risks -study
Governments should adopt risk-diversified tree-planting strategies to ensure long-term carbon removal targets are met cost-effectively amid worsening climate and economic uncertainties, new research contends.
Marine CO2 removal methods may worsen ocean oxygen loss, researchers warn
Some marine CO2 removal (mCDR) methods could significantly exacerbate oxygen loss in the world’s oceans, a new study has warned.
CDR startup defends safety of marine anoxic carbon storage in Black Sea amid scaling plans
A CO2 removal (CDR) startup has released a detailed scientific defence of its marine anoxic carbon storage (MACS) approach, seeking to allay environmental and regulatory concerns as it prepares to scale up operations in the Black Sea.
INTERVIEW: Venezuelan ag producers in crisis turn to carbon market solutions
Venezuela’s economic crisis has tanked agricultural production and left farmers reeling, making the voluntary carbon market (VCM) an increasingly attractive way to bring in badly needed hard currency and financing, according to the president of a national association.
US non-profit commissions Dutch firm to lead marine CDR impact framework
A US-based environmental non-profit has commissioned a Dutch data specialist to lead the development of a standardised framework for marine carbon removal (mCDR).
EMEA
EU-UK agreement to start linking talks has shifted UKA price outlook -analyst
The recent agreement between the UK and EU to start negotiations over linking their respective emissions trading systems “has fundamentally shifted the outlook” for UK Allowances, according to an analyst who has raised their forecasts for British prices for the second half of this year onwards.
EU official outlines criteria for CBAM expansion to new sectors
If the EU’s Carbon Border Adjustment Mechanism (CBAM) is expanded to new industrial sectors or to downstream supply chains within a sector already covered by the scheme, then it should happen all at once – not in phases, a European Commission official has said.
Euro Markets: EUAs set fresh four-month high before weakening to post 3.3% weekly gain amid energy surge
European carbon prices jumped to a fresh four-month high on Friday morning after overnight attacks by Israel on Iranian military and nuclear targets sent energy markets spiralling higher at the opening, but gave back more than half their gains in the afternoon while the energy complex stabilised and traders took profit even as EUAs posted a 3.3% weekly gain.
Lead EU Parliament negotiator proposes scrapping mandatory climate plans from CSRD
The European Parliament’s lead negotiator on a proposal to simplify corporate reporting laws in the EU has proposed removing a requirement for companies to submit climate transition plans under the bloc’s Corporate Sustainability Reporting Directive (CSRD).
Netherlands pitches negative emissions auctioning scheme to support CDR
The Netherlands has expressed preference for carbon removals (CDR) incentives that are clearly separate from the EU’s Emissions Trading Scheme (ETS), saying the EU carbon market needs to remain focused on delivering emission reductions to avoid mitigation deterrence.
EU analysis sees strategic role for direct air capture in climate goals, but warns against over-reliance
Direct Air Capture (DAC) technologies could play a pivotal role in the EU’s push to meet its 2040 climate targets, but high costs, energy demands, and regulatory gaps pose serious hurdles to large-scale deployment, according to a new report commissioned by the European Parliament.
Eastern EU countries late with ETS2 social climate plans as deadline nears
Eastern EU countries are behind on the EU’s new carbon market for heating and transport fuels (ETS2), with just two weeks left to submit national Social Climate Plans that could unlock billions in green finance for poorer households.
EU executive lays out nuclear investment needs for net zero 2050
The EU-27’s nuclear power ambitions will require investments of just under a quarter of a trillion euros by mid-century, the European Commission said on Friday.
AMERICAS
INTERVIEW: Brazilian state needs to rush CCS regulation to host ArcelorMittal, Petrobras hub
A southeastern Brazilian state needs to accelerate the development of local regulations for carbon capture and storage (CCS) to pave the way for a pilot hub led by ArcelorMittal and Petrobras, an executive from the state’s industry federation told Carbon Pulse.
Brazil opens consultation to regulate payments for REDD+, other services
The Brazilian Ministry of Environment and Climate Change (MMA) has opened a public consultation to regulate a 2021 law concerning payment for environmental services (PSA).
CTrees unveils high-resolution Amazon canopy map to aid forest conservation
Climate data non-profit CTrees has published what it says is the most detailed canopy height map of the Amazon rainforest to date, providing researchers and conservationists with a powerful new tool to monitor deforestation and assess the forest’s carbon storage potential.
US EPA sets record-high requirement for domestic renewable fuel volumes
The US EPA announced a proposal that would prioritise domestic biofuels by lowering RIN values for imported fuels, and also set ambitious renewable fuel volume (RVO) obligations for biomass-based diesel under the federal Renewable Fuel Standard (RFS).
Senate committee preserves $100 mln in forest conservation funding
More than $100 million in funding aimed at helping US landowners conserve forests could be saved from budget cuts, according to new budget reconciliation bill text released Thursday by the US Senate Agriculture Committee.
INTERVIEW: US fossil-free fuel startup to begin deployment next year, envisions global scale
A New York-based clean fuels startup is set to begin deployment of its modular direct air capture (DAC) machine throughout the US by next year, envisioning its technology as a key means to support decarbonisation in spaces ranging from residential neighbourhoods to island nations, its CEO told Carbon Pulse.
CFTC: Traders boost V25 CCA holdings in futures only market, build RGA shorts post auction
Both emitters and investors increased their V25 California Carbon Allowance (CCA) net length in the futures only market, contrasting with activity in the combined futures and options segment, while adding RGGI Allowance (RGA) short interest in the aftermath of the Q2 auction, US Commodity Trading Futures Commission (CFTC) data published Friday showed.
ASIA PACIFIC
Australian Guarantee of Origin certificates to be recognised under NGER amendments
Australian companies will soon be able to retire certificates documenting their use of renewable gases they use as part of amendments made to the country’s emissions reporting framework, according to an outcomes paper published Friday.
Australia launches savanna burning accounting tool ahead of hotly anticipated ACCU methods
Australia has launched a new tool to better account for emissions reductions under new savanna fire management (SFM) methods that are being developed under the national carbon credit scheme, the Department of Climate Change, Energy, the Environment, and Water (DCCEEW) said Friday.
ID Market: Trading inches up in May amid suspension on international deals
Indonesia’s carbon market recorded a moderate increase in activity during May, with trading volumes recovering from April’s lows, though international transactions remained absent due to the ongoing government moratorium.
South Korean government consults with power industry on excess CO2 allocation -media
The South Korean government is soliciting feedback from the power industry in a bid to solve the issue of carbon allowance over-allocation in the emissions trading scheme, according to local media reports.
CN Markets: CEA prices rebound to RMB 70, though analysts say rebound set to be muted
Permit prices in China’s national CO2 emissions market saw a modest recovery over the past week with improved liquidity, though analysts remained cautious about the near-term price outlook.
Pakistan greenlights “transaction-ready” carbon project for international trading
The government of Pakistan has granted approval to the country’s third carbon offset project for trading credits under Article 6.2 of the Paris Agreement.
INTERNATIONAL
BRIEFING: Host country capacity building now the focus, as Article 6 shifts to implementation
While Article 6 implementation has gathered pace in the months since last November’s historic COP29 decision, there is still a lot of work to be done, particularly in capacity building across host countries, many of which still need to finalise key carbon markets regulation before they are “open for business”.
New oil and gas fields to emit millions of tonnes of methane by 2030 -report
A total of 63 oil and gas fields in development worldwide could emit over 2 million tonnes of methane annually from their production activities before 2030, resulting in a far greater impact than initially thought, new analysis shows.
Singapore lists approved methodologies under Article 6 deal with Rwanda, Bhutan
Singapore has released eligibility lists for carbon credit projects Rwanda and Bhutan under its International Carbon Credit (ICC) framework.
New AI framework could help fill scenario gaps in climate policy planning -report
A deep learning framework could offer a rapid method with low computational cost to generate thousands of “synthetic” climate mitigation scenarios aligned with IPCC categories, research released Friday has found.
Seven countries picked for $1 bln industry decarbonisation programme
A $1 billion concessional finance initiative to decarbonise industry in emerging economies has chosen its first country participants, it announced in a release Friday.
Address global climate finance failures with taxation, advocacy group argues
Tax revenues offer a sovereign and reliable means of financing climate action amid nations’ failures to meet financial targets since COP19 in 2009, according to a report published Monday.
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: Momentum carries summit to edge of High Seas Treaty success
The UN Ocean Conference (UNOC) in Nice brought the High Seas Treaty within reach of becoming operational, with stakeholders saying the event fell short of what was needed while bringing significant momentum.
UNOC: Pacific Islands announce world’s largest Indigenous-led ocean reserve
The governments of Vanuatu and the Solomon Islands have announced plans to set up the world’s largest Indigenous-led ocean reserve, with Papua New Guinea and New Caledonia ready to join the initiative.
IUCN publishes guidelines to foster finance in protected and conserved areas
The International Union for Conservation of Nature (IUCN) released a new set of guidelines on financing protected and conserved areas (PCAs), spotlighting their significant yet underutilised economic value.
UK govt seeks business input to boost private investment in nature
The UK government has launched a public call for evidence seeking feedback from businesses on how to unlock private investment in biodiversity conservation and restoration, including within emerging nature markets.
FEATURE: Trio to develop framework for scaling plastic credit market in East Africa
Two French organisations and a Nairobi-based company have teamed up to scale the plastic credit market in East Africa, aiming to build a framework to help companies meet emerging regulations and bridge the financial gap left by the rollback of foreign aid assistance.
Researchers caution against voluntary biodiversity credit market in New Zealand
A research institute in New Zealand has released a policy brief highlighting major challenges in developing a high-integrity voluntary biodiversity credit market in the country, with demand uncertainty seen as one of the most significant.
COMMENT
Beyond Carbon – A Certification Co-designed with Indigenous Peoples and Local Communities
The draft “Beyond Carbon Benefits” certification under the Architecture for REDD+ Transactions marks a major shift in carbon markets by integrating social, cultural, biodiversity, and forest service co-benefits – co-designed with Indigenous Peoples and Local Communities (IPLC) – to ensure REDD+ initiatives are more equitable, inclusive, and effective beyond carbon accounting alone. Representatives from IPLC organisations explain why they chose to co-lead the design of a new certification, and how they think it represents a shift, both in terms of how forests are valued, and also how market instruments are designed.
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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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