CP Daily News Ticker: 24 June 2025

Published 01:01 on June 24, 2025 / Last updated at 01:01 on June 24, 2025 / Daily News Ticker

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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 to our ‘Bite-sized updates from around the world’, which previously featured in our CP Daily newsletter.
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  • Wed 00:32
    The economic value of forest carbon across Asia averages $1,632 per hectare, according to a new meta-analysis, as the researchers urge policymakers to integrate forest carbon valuation into climate mitigation and land-use strategies.
  • Wed 00:20
    Cutting methane emissions from cattle in the Global South will require a shift toward higher productivity, not costly substitutes, experimental technologies, or carbon offsets, according to a new report from Harvard University’s Salata Institute for Climate and Sustainability.
  • Wed 00:01
    Climate litigation is reaching the world's highest courts more frequently, with 276 such cases reaching apex courts since 2015 - a growing number of which have raised greenwashing concerns about the use of carbon credits to offset emissions, new analysis has found.
  • Tue 20:00
    Accounting for Nature (AfN) is launching a pilot product that digitally links certified nature measurement to Australian Carbon Credit Units (ACCUs), it announced Wednesday, with a group of carbon industry heavyweights joining in to test the scheme.
  • Tue 18:12
    India’s Ministry of Environment, Forest, and Climate Change has announced the draft emissions intensity targets for all the remaining obligated industries under the compliance mechanism of the Carbon Credit Trading Scheme (CCTS), according to documents posted on LinkedIn.
  • Tue 17:57
    The Integrity Council for the Voluntary Carbon Market (ICVCM) may soften its tough stance on the criteria needed for clean cookstoves methodologies to obtain its Core Carbon Principles (CCP) quality stamp if the science behind a UN-backed standard is validated, the body told Carbon Pulse.
  • Tue 17:44
    The amount of time it takes for governments to authorise carbon credit projects is deterring developers and investors, potential and existing Article 6 credit buyers warned during a side event in Bonn on Tuesday.
  • Tue 14:40
    The number of companies setting climate targets has maintained strong momentum over the first six months of 2025, despite a more challenging political environment for corporate environmental action.
  • Tue 14:37
    Forests naturally regrown after clearance by harvests, fires, or similar could be especially powerful at mitigating climate change, with new research showing such forests of an older age can remove carbon up to eight times faster per hectare than new natural growth.
  • Tue 13:35
    Retirees of voluntary carbon credits remain cautious about sharing their activity, despite expectations that 2025 is on course to become a record year for the market, said analysts in a new report.
  • Tue 13:06
    Let's work together - Tokyo-based software developer Invox has launched an initiative to help domestic forest-owners create carbon credits and share profits, it announced Tuesday. The company said it will cover the costs related to carbon credit creation and sell the offsets to corporate clients through its carbon accounting software. The Invox Forest project will make it easier to conduct J-Credit projects in small-scale forests and forests managed by municipalities, it said.  
  • Tue 13:03
    Indonesia’s thriving thermal coal sector is the largest exporter of the commodity in the world, but strong profits and margins coupled with a bullish mid-term outlook leave it unprepared to meet the final energy transition in the middle of this century, a report outlined this week.
  • Tue 10:38
    The governments of Kenya, Singapore, and the UK on Tuesday launched a coalition to strengthen demand for high-integrity carbon credits, vowing to issue a common set of principles by COP30 in November.
  • Tue 09:59
    A group of companies has completed the issuance of the world’s first digital fuel certificate for an ammonia-to-ship transfer, seen to aid carbon emissions accounting and claims tracking in the industry, they announced Tuesday.
  • Tue 09:52
    A New Zealand carbon forestry service company has launched a biodiversity credit programme that could inform the government’s recently proposed market-based scheme to restore nature.
  • Tue 09:15
    Indonesia last month lifted its de facto ban on international carbon credit sales, but uncertainty around credit eligibility, taxation, and compliance rules is holding back transactions, according to market participants.
  • Tue 07:39
    Electrifying- Australia’s state of Victoria unveiled its new gas plan Tuesday which will require the retirement of a series of residential gas-based appliances, like water heaters, and be replaced with electric equivalents, while also driving the development of some new sources of the fuel. The state is the heaviest gas user in the country thanks to decades of cheap gas that came essentially free from its vast Bass Strait oil fields, and is a common source of heating in the cold winters in addition to electricity. Victoria announced moratoria on onshore drilling several years ago and eventually banned fracking. The state has been blamed for east coast gas shortages by the LNG export consortia that send 75% of gas overseas; however, onshore resources have never been proven up.
  • Tue 07:33
    Green, gas-based steel - Vietnam has broken ground on what will be its first green steel facility with a nameplate capacity of 7.5 mln tonnes a year, according to the state-owned Voice of Vietnam (VOV). Using LNG instead of coal will cut emissions by 86% each year and the plan is to eventually use green hydrogen, according to the outlet. The Xuan Thien Green Steel Plant No.1 will be built across several communes in the north of the country in Nam Dinh province with investment of $3.45 bln. This plant will produce hot rolled coil and steel sheets while a second plant with investment of just under $400 mln will use electric arc furnaces (EAFs) and scrap steel with nameplate of 2 Mt/year. VOV did not specify where the LNG will be sourced from and while Hanoi has shown willingness to develop more imports, many developments have seen delays.
  • Tue 06:30
    As much as 740 GW of renewables were added globally last year – a new record – but still under half the amount required to reach 2030 goals, while trade restrictions on the sector increased significantly, fuelling supply challenges, a new report has found.
  • Tue 06:22
    The New Zealand government has denied accusations from the Green Party that its NZ$200-million ($120.1 mln) fund to support the development of new domestic gas fields is in breach of a climate and trade agreement signed less than a year ago.
  • Tue 06:21
    Australia on Tuesday began consulting on rules that will back its planned Guarantee of Origin (GO) hydrogen scheme, due to start later this year, which it hopes will kickstart a clean energy export boom.
  • Tue 06:03
    Green metals team up - Australia’s leading science agency has launched a A$10 ml ($6.5 mln) Green Metals Innovation Network (GMIN) to strengthen collaboration between industry and researchers. The CSIRO is partnering with the Heavy Industry Low-carbon Transition Cooperative Research Centre (HILT CRC). CRCs are already government and industry-funded bodies to drive collaboration between research and industry, and are typically invested in a specific yet broad topic for a set amount of time. The science agency said Tuesday it would bring together all players in a "Team Australia" approach to drive the development of clean iron, steel, alumina, and aluminium, which have a collective value of A$150 bln. GMIN is part of the Future Made in Australia (FMIA) initiative.
  • Tue 06:02
    Going local - State-owned Solar Corporation of India (SECI) is set to finalise a tender for the production and supply of 724,000 tonnes of green ammonia annually across 13 fertiliser plants under its National Green Hydrogen Mission (NGHM). India consumes around 17-19 Mt of ammonia every year, with more than 50% of its hydrogen requirement used in fertiliser production but most of this is derived from imported natural gas. SECI’s initiative will drastically cut this dependence, reduce exposure to global gas price fluctuations, and lower the trade deficit, according to the government. Under the NGHM, India has set itself a target of producing 5 Mt of green hydrogen by 2030. Green hydrogen is among the 13 activity types that India has deemed eligible to generate credits to be sold abroad under Article 6.2 of the Paris Agreement, and the government is trying its best to bring down the costs associated with its production through carbon markets.
  • Tue 04:04
    AI can help – Seoul-based climate fintech company Hooxi Partners is piloting an AI-based platform that helps companies measure and monetise their carbon assets by automating the whole process, according to a company statement. The platform also has a carbon finance function for developers and investors to jointly discover and create carbon projects, the statement said. Hooxi Partners said the platform will be officially launched by the end of this year.
  • Tue 04:02
    On the agenda – The committee overseeing Japan's J-Credit programme is set to discuss the development of two offset methodologies, respectively targeting the abatement potential of CO2-absorbing concrete and cows' rumen fermentation. At a meeting on Thursday, the committee will also consider revisions to the project implementation guidelines and several existing methodologies, including those for forestry and feed improvement projects, according to a recent notice. The J-Credit market has received a boost after the programme administration approved 40 voluntary projects in May.      
  • Tue 02:49
    Wind repowering retailed – Shareholders in NZ Windfarms have overwhelmingly voted to allow gentailer Meridian Energy to acquire the remainder of its  shares, the firms said in stock exchange announcements on Tuesday. Meridian has offered NZ$0.25 ($0.15) per share – more than double the level NZ Windfarms was trading at prior to the offer on Feb. 19, 2025, according to NZX data, and which the operator said represented an equity value of NZ$91 mln. This follows the formation of a 50:50 JV between the two organisations in Oct. 2023 to repower the Te Rere Hau wind farm, owned and operated by NZ Windfarms. Once complete, the repowered site will have a capacity of 170MW and generate around seven times as much electricity as the existing turbines, Meridian said. At present, it has an installed capacity of 45.5MW. The acquisition is pending approvals, including High Court orders.
  • Tue 01:01
    Preliminary results – ASX-listed low-carbon cement technology company Zeotech announced the results of its preliminary feasibility study, showing a "compelling business case" for its AusPozz supplementary cementitious material product. The company hopes to use AusPozz as a low-carbon cement replacement in the domestic building materials market with potential export opportunities. The study proposed 300,000 tonnes per annum manufacturing facility in Bundaberg, Queensland, with initial capital costs expected to be A$115 mln ($74 mln) with a payback period of 2.1 years. At nameplate capacity, the facility could reduce carbon emissions by 299,880 tCO2e per year, based on a 1:1 replacement of cement with AusPozz, the company said. A final investment decision on the project is expected in the first quarter of next year, and production to begin in 2029.

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