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TOP STORY
Key EU Parliament group calls for Green Claims Directive to be axed
The largest political group in the European Parliament, the centre-right EPP, has written to the European Commission asking for the entire Green Claims Directive to be withdrawn, even as talks to conclude negotiations on the bill are scheduled for June 23.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 19 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.
SB62
World at risk of long-term 1.5C overshoot, finds new climate plan assessment
Insufficient government action to strengthen 2030 climate goals and submit ambitious 2035 targets is placing the Paris Agreement’s 1.5C warming limit at significant risk of long-term overshoot, according to a new assessment from a green group.
Commitments to $1.3 trillion in climate finance may not come to fruition, experts warn
Governments, experts, and campaigners are struggling to see how countries will achieve the broader $1.3 trillion climate finance goal they agreed last November, as emotions continue to run high over proposed funding for climate-vulnerable countries at the Bonn intersessional climate talks.
Sweden has spent large share of budget for Article 6 trades -official
Sweden has spent about 80% of its budget for carbon credits traded through Article 6 of the Paris Agreement and committed the remaining money, an official confirmed in Bonn.
African countries say they need investable NDCs to attract climate finance
African countries are increasingly looking to the private sector to help them meet their updated commitments to the Paris Agreement, with Somalia becoming the latest on Thursday to call on investors and carbon credit buyers to back projects in the country.
Four out of five people in favour of pollution tax for fossil fuel companies
More than 80% of people across the political and income spectrums think governments should impose a polluter profits tax on fossil fuel companies for the loss and damage caused by climate change, a survey released on Thursday has found.
EMEA
Euro Markets: EUAs drop most in a month as correlation to gas breaks down amid heavy selling
European carbon prices fell 2.5% on Thursday, completely reversing the recent positive correlation with natural gas, as aggressive selling dominated a lacklustre market, even as energy prices continued to climb amid signs that the US was considering joining the conflict between Israel and Iran.
EU lawmakers endorse ETS-backed bank in Clean Industrial Deal resolution
The EU’s upcoming Industrial Decarbonisation Bank, due in Q2 next year, is crucial for the competitiveness and resilience of the bloc’s industry, the European Parliament said in a resolution adopted on Thursday.
“I don’t see the point”: EU official dismisses calls for European Carbon Central Bank
A senior European Commission official has dismissed calls to establish a European Carbon Central Bank or intermediary to control the supply of allowances on the EU’s Emissions Trading Scheme (ETS), as the EU executive weighs including carbon removals in the EU ETS.
Denmark prepares to take EU helm, with 2040 climate target in sight
Climate policy features at the bottom of Denmark’s agenda as the country prepares to assume the EU’s rotating Council presidency for the second half of the year, even though Copenhagen aims to broker an agreement on the bloc’s upcoming 2040 emissions reduction target, in line with a commitment to climate neutrality.
Adding waste incineration to EU ETS could slash emissions by up to 32 Mt by 2040 -study
Including municipal waste incinerators in the EU’s Emissions Trading Scheme (ETS) would deliver between 18-32 million tonnes of CO2 annually by 2040 while driving investment in recycling, and creating thousands of jobs, according to a study published on Thursday.
Rise of AI in EU may lead to higher emissions elsewhere, says German environment agency
Growing use of artificial intelligence in the EU could drive up emissions elsewhere, according to a report published Thursday by the German Environment Agency (UBA).
Europe’s overlooked forest carbon potential ripe for picking, claims report
Europe’s often under-developed and overlooked forestry sector can provide rich pickings for voluntary carbon projects because of their lower exposure to risk, a developer said in a new report.
UK government tells oil and gas industry how to include downstream Scope 3 emission impact
The UK government has published guidance Thursday on how it will consider fresh applications for oil and gas projects, including an assessment of scope 3 emissions.
AMERICAS
Brazilian government to present ETS implementation plan by end of July
The Brazilian government plans to present the implementation plan for the national ETS (Portuguese: SBCE) by the end of July, according to an official from the Ministry of Finance.
Canadian DAC developer selects global registry for new CDR centre
A Montreal-based direct air capture (DAC) project developer announced Thursday that it has selected a global carbon removal (CDR) standard for its new innovation centre, seeking to increase operational transparency and provide high-quality carbon credits.
Calgary low-carbon cement developer raises C$25 mln to advance first commercial project in Ontario
A Calgary-based low-carbon cement tech company has raised nearly C$25-million in a funding round to continue its work and expand into Ontario.
US biofuel expansion would increase GHG emissions in Midwest, research says
Corn and soy-based biofuel production may have higher GHG emissions than traditional fossil fuels, according to research focused on the US Midwest – a region that grows roughly a third of the crops used to produce ethanol.
ASIA PACIFIC
Pakistan’s Senate rejects carbon levy, putting IMF deal at risk
The Senate standing committee on finance in Pakistan has rejected the federal government’s proposal of imposing a carbon levy on petroleum products, raising concerns of a potential inflationary impact on the general public.
Methane project credits exceed reserve price in Malaysia’s latest auction
Malaysia’s first auction of technology-based carbon credits cleared at RM 39.60 ($8.30) this week, surpassing the reserve price of RM 36 and signalling emerging market appetite for locally generated credits.
Operator set to extend life of New Zealand’s largest coal-plant
Four New Zealand generators have signed a non-binding term sheet to establish a strategic energy reserve centered on the 1200-MW Huntly power station, the largest coal-fired power plant in the country.
VOLUNTARY
Private equity firm invests in expansion of ARR project in Peru
A UK- and US-based financial services firm announced Thursday an investment into the expansion of a sustainable cocoa and coffee project in the Peruvian Amazon buffer zone.
Carbon removals registry strikes deal to give suppliers access to upfront cash from offtake deals
An engineered carbon removal (CDR) standard and registry is offering project developers access to finance that will turn offtake revenue into upfront cash, after striking a deal with a Google Ventures-backed carbon removal intelligence platform.
South Korean carbon removal developer moves into Kenya with new pilot project
A South Korea-headquartered direct air capture (DAC) project developer has signed a new partnership with the Great Carbon Valley (GCV) initiative in Kenya, where it will build a new electrochemical plant.
Kenya publishes draft carbon registry regulations, calls for public input
Kenya has published its first draft of the Climate Change (Carbon Registry) Regulations, 2025, opening a public consultation on the plans that aim to establish an effective national carbon registry, with rules in place to try and ensure market transparency and integrity, as well as processes for Article 6 transactions.
Vietnam drafts decree to regulate forest carbon credits, seeks public feedback
Vietnam’s Ministry of Agriculture and Environment is soliciting public input on a draft decree aimed at regulating forest-based carbon credits, building on lessons learned from a three-year pilot in the North Central region.
Trillions of dollars needed to offset fossil reserves with tree planting, study finds
Offsetting emissions from the reserves held by the 200 largest fossil fuel companies using afforestation would cost about $11 trillion and require land larger than North America, according to a report published Thursday.
INTERNATIONAL
Governments urged for clearer rules, Article 6 exemptions for carbon removals to unlock net zero investments
Governments and standard-setters should exempt permanent carbon removals from burdensome international accounting rules, with stakeholders warning that current frameworks risk stalling investment in technologies essential to meeting global net zero goals.
Three years left to limit global warming to 1.5C, warn scientists
The carbon budget for limiting warming to the Paris Agreement’s 1.5C target, estimated at 130 billion tonnes of CO2, could be used up in just over three years if the current rate of emissions persists, according to analysis by 61 scientists from 54 institutions released Thursday.
Neutralisation Claims in the Era of Article 6
As Article 6 gains traction, a question emerges – is it acceptable that the same permanent CDR credit can be simultaneously co-claimed by a corporation and nation, without the need for a corresponding adjustment?
Survey finds global public backs carbon pricing, wealth redistribution to fight climate change and inequality
A majority of people across 20 countries support international policies to combat climate change and inequality, including a global tax on millionaires and a global carbon pricing scheme to fund a worldwide basic income, a major survey 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.
Biodiversity credits could help finance food sector’s transition, says KPMG
Companies across the food sector must urgently rethink their operations to avoid harming nature, with biodiversity credits among the tools that have the potential to finance this transition, accounting firm KPMG said in a report released this week.
Agroforestry supports animal species twice as fast as intensive tree plantations, study says
Agroforestry supports biodiversity better than intensive forest management methods, showing significant improvements in about 40 years, roughly half the time needed for tree plantations, according to a paper released this week.
Stacking can make it less risky for financial institutions to invest in biodiversity, report says
Stacking several types of environmental crediting projects or other revenue streams on the same land can help financial institutions overcome some of the risks of investing in more nascent nature-based solutions, including biodiversity credits, according to a report released this week.
Biodiversity Pulse: Thursday June 19, 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).
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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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