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SB62
What was agreed – and what wasn’t – at the UN’s Bonn talks
Brazil is under greater pressure to show how it how it will address the inevitable gap in national climate goals once all countries submit their latest plans under the Paris Agreement, following a difficult 10 days of talks overshadowed by geopolitical tensions.
FEATURE – EU’s lean towards Article 6 raises hopes and worries for poorer countries
Developing countries are divided on the prospects of the EU counting international carbon credits towards its 2040 climate goals, and the potential consequences for their own ambitions.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 26 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.
LONDON CLIMATE ACTION WEEK
INTERVIEW – Verra’s latest consultation looks to push insurance, renewables in more countries
Verra is seeking views on its plans to allow project developers to manage their risks with insurance, and to widen its list of countries eligible for renewable energy projects – as part of a new consultation on its updated carbon standard, the organisation’s CEO said in an interview.
SBTi CEO underscores “high-integrity” carbon credit approach to new corporate standard
The Science Based Target initiative (SBTi) is on course to permit the extended use of “high-integrity” carbon credits as part of an updated version of its Corporate Net-Zero Standard, with a new proposed update due to be presented in a matter of months, confirmed the organisation’s CEO David Kennedy, during an event in London on Thursday.
Launch of updated GRI climate, energy standards include carbon credit disclosures
The Global Reporting Initiative (GRI) has released two newly revised standards on climate and energy that companies can use to disclose on topics including emissions reductions, greenhouse gas removals, and carbon credits.
SME inclusion, traceable data seen as priorities for supply chain decarbonisation
Building transparent supply chains that support smaller suppliers and improve access to usable emissions data will be critical to driving real-economy decarbonisation, speakers told an industry event in London this week.
Private climate finance is slow but not because of aid cuts, expert said
Public aid cuts are unlikely to create a serious contagion effect on private climate funding, an expert told an event in London on Thursday, but warned private finance is nevertheless curtailed by other concerns.
Turning sunlight into stone methodology promises to break the mould for durable CDR
A new durable carbon removal (CDR) methodology plans to credit transforming sunlight into stone, it was announced at London Climate Week.
EMEA
Dutch Parliament votes to scrap national CO2 levy
A majority in the Dutch Parliament has voted in favour of scrapping a national CO2 levy on industry that sits on top of the EU ETS – after the government only recently proposed to maintain it.
Norway NDC confirms 70-75% emissions reduction target by 2035 with Article 6 use
Norway has outlined a target to reduce greenhouse gas emissions by at least 70-75% by 2035 compared to 1990 levels in its latest Nationally Determined Contribution (NDC) to the Paris Agreement, also hinting at potential Article 6 use.
UK urged to strengthen lobbying rules, as it looks to mandate transition planning
The UK should strengthen its lobbying rules in parallel with requiring financial firms and companies to disclose climate transition plans – as heavy advocacy preceded recent rollbacks on decarbonisation policies, an NGO said in a report published Thursday.
EU leaders to consider decoupling 2040 climate target from UN 2035 submission -media
France is pressing for a separation between the EU’s upcoming 2040 climate target and its 2035 Nationally Determined Contribution (NDC) to the Paris Agreement, in a move that critics say risks lowering the bloc’s climate ambitions.
Euro Markets: EUAs slide as gas market drops sharply amid options expiry and lack of storage demand
EU carbon prices came under pressure on Thursday amid volatility in gas as the front-month TTF options contract neared expiry, with EUAs falling to their lowest level for over three weeks, as the correlation with gas seemed to re-establish itself, while UK Allowances fell to their lowest in nearly two months.
Cyprus calls for EU ETS2 to be delayed or cancelled
The president of Cyprus has called for delaying or cancelling the bloc’s emission trading system for heating and road transport fuels (ETS2), due to start in 2027, raising the stakes at a Brussels summit on Thursday bringing together the 27 EU heads of state and governments.
Only high-integrity, permanent carbon removals should enter EU ETS -think tank
The European Union should move swiftly to integrate permanent carbon removals (CDRs) into its flagship Emissions Trading System (EU ETS), a think tank has recommended – but only in a phased, tightly governed approach to ensure environmental integrity and market stability.
Supermarkets risk EU fines and CO2 overshoot without HFC phase-out -report
European supermarkets could face rising compliance costs and miss emissions targets unless they accelerate the phaseout of hydrofluorocarbon (HFC) refrigerants, which account for the bulk of their operational CO2 emissions, a UK-based non-profit said in a report on Tuesday.
AMERICAS
WCI Markets: Benchmark CCAs surpass $28 as market anxiety eases, WCAs extend gains
Benchmark California Carbon Allowance (CCA) prices rose above $28 amid fading fears of federal risks and bullish signals, while Washington Carbon Allowance (WCA) values recorded multi-year highs on constrained permit supply.
US House legislation seeks to repeal clean energy tax credits and vehicle emissions standards
Two Republican bills introduced in the US House this week seek to repeal major federal support mechanisms for clean energy development and motor vehicle emissions standards.
US management firm faces backlash for abandoning climate alliance
A large US environmental organisation has pulled more than $10 million in assets from a major financial institution following its exit from public climate commitments.
US environmental group sues EPA for allegedly withholding names of polluters seeking exemptions
A US environmental group is suing the Trump administration for allegedly withholding the names of fossil fuel companies and other polluters seeking exemptions from Clean Air Act (CAA) regulations.
Washington ECY considers extending EITE free allocation beyond 2035
New documentation from the Washington Department of Ecology (ECY) suggested the oversight body would consider continuing to issue free allowances for emissions intensive, trade-exposed (EITE) facilities beyond 2035, inching closer to the 2050 goalpost called for by participating industries.
Canadian tech company raises C$5 mln in equity to finance diesel engine efficiency add-on
A Canadian green tech company has successfully raised C$5 million ($3.5 mln) in shares to finance the sale of its hydrogen-on-demand device for diesel engines, following an offer launched back in February.
Alberta backs DAC pilot with C$5 mln TIER fund investment
Alberta will invest C$5 million ($3.67 mln) from the province’s Technology Innovation and Emissions Reduction (TIER) programme to support a direct air capture (DAC) innovation and commercialisation centre, the provincial government announced Wednesday.
BRIEFING: Colombian Q1 2025 CO2 tax retirements see multi-year peak
The Q1 2025 results for carbon offsetting under Colombia’s national CO2 tax have this week been published, showing higher retirements that build upon recent rebounds in local demand after post-2022 lows.
INTERVIEW: Success of Brazilian ETS will be an indicator for the rest of Latin America, expert says
As the Brazilian government moves slowly to regulate its ETS, other Latin American countries are watching closely, with its success likely to serve as a reference point for the region, an expert told Carbon Pulse on the sidelines of a conference this week.
Brazilian state strikes $100 mln forest restoration deal with commodities trader
An ecologically rich Brazilian state on Tuesday in London confirmed a $100 million investment deal with a multinational commodities trader to combat forest degradation.
ASIA PACIFIC
FEATURE: Japan’s AZEC under fire for prolonging fossil fuel use, undermining Southeast Asia’s climate goals
The Asia Zero Emission Community (AZEC) initiative promised decarbonisation across Asia, but experts warn its gas-heavy focus risks locking Southeast Asian nations into costly and volatile fossil fuel pathways.
BRIEFING: Emergence of Australian biochar regulatory frameworks will help the sector grow
The emerging regulations and standards around biochar in Australia will help it avoid being associated with less environmentally friendly technologies and expand end users and uptake, experts told a conference on Thursday.
BRIEFING: S. Korean investors remain unconvinced about international carbon market
Over-crediting risk and lack of policy guidance are among the issues weighing on South Korean investors’ interest in exploring international emissions reduction projects, an event heard this week.
Singapore warns of scam using fake government logos to promote crypto-linked carbon credit trading
Singapore’s Ministry of Sustainability and the Environment (MSE) has issued a public warning about a scam exploiting official government logos to lure individuals into signing up for a fraudulent cryptocurrency-based carbon credit trading scheme.
Indonesian province explores carbon credit partnership with ART TREES -media
Indonesian province Riau is exploring cooperation with ART TREES on carbon credit calculations, as officials met during London Climate Action Week to discuss emissions reduction strategies, according to national news agency Antara.
Australia’s NSW to establish Net Zero Plan in response to recommendations
New South Wales confirmed Thursday the state is on track to miss its near term GHG emissions reduction target in a formal response to a recent Net Zero Commission report, and will establish a strategy and give more power to its environmental authority in order to meet its legislated climate goals.
Chinese banks partner with tech major to mobilise private capital in nature-based solutions
Three China-based banks have signed letters of intent to support an initiative aimed at scaling up investments in nature infrastructure, conservation, and nature-based solutions in the country.
Australian duo plans novel hydrogen-diesel displacement carbon credit project
Two small Australian companies are hoping to generate carbon credits and sell them on the voluntary market by reducing diesel use at mine sites to avoid greenhouse gas emissions.
NZ ETS at risk of not being NDC-aligned absent international credit plan -expert
A carbon market policy expert has warned that the New Zealand government may not be able to claim its ETS is aligned with its Paris Agreement goals for much longer if it continues to stall on buying overseas credits.
VOLUNTARY
DATA DIVE: Carbon pricing stabilised in 2024 as emissions hit another record
Global carbon pricing systems delivered a mixed performance in 2024, with some compliance schemes rebounding while others slumped, even as energy-related emissions rose for the fourth straight year, a report showed Thursday.
Climate fund boosts hopes for 18 carbon removal companies
A climate fund has selected the winners of a carbon removal (CDR) financing competition after whittling down huge field of 280 applications to just 18 successful startups.
INTERNATIONAL
Fragmented CBAMs risk crippling businesses with compliance costs, says lobby group
A range of new carbon pricing and border leakage systems being introduced around the world could create trade frictions and raise compliance costs for businesses if they are not efficiently linked together, according to a report from a trade body.
Countries must be wary of losing sight of Article 6 purpose, says NGO
Article 6, intended to enhance climate ambition through international cooperation via carbon credit trading, is at risk of becoming a loophole that enables countries to delay domestic mitigation instead of increasing it, according to a new report from a non-profit.
SHIPPING
Biofuels infrastructure, appropriate policies key for meeting IMO CO2 rule -panellists
Building biofuels infrastructure and developing business-friendly policies will be critical for shippers to effectively meet draft International Maritime Organization (IMO) CO2 rules agreed earlier this year, panellists said Thursday at a conference.
BIODIVERSITY (FREE TO READ)
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Australian organisations call for putting ‘nature positive’ at centre of COP31 agenda
A group of Australian financial institutions, businesses, and environmental organisations has urged the government to put nature-based solutions at the centre of the COP31 agenda, as the country is seen as a front-runner to host the UN climate summit next year.
INTERVIEW: Sea lice treatment emerges as ocean investment trend
Investments in treatment for sea lice in fish farms are among key trends in blue foods financing, which has been boosted by the UN Ocean Conference (UNOC), according to an investor.
UNDP urges India to redirect $25 bln of agricultural subsidies to protect biodiversity
The Indian government should shift its INR 1,980 billion ($25 bln) of annual harmful agricultural subsidies towards practices that benefit biodiversity, a UN Development Programme (UNDP)-backed report said this week.
INTERVIEW: UK business initiative sees ‘huge potential’ for nature credits
A UK initiative seeking to ramp up corporate action on biodiversity is taking steps to integrate nature credits into its strategy, as it sees great potential for the market to unlock private financing across the country, its co-founder told Carbon Pulse.
Lack of oversight causing misalignments in sustainability-linked finance -study
Amid the rapid growth of sustainable finance in Southeast Asia, there are major discrepancies between the targets set by financial institutions and the environmental impacts measured by the companies they finance, particularly in biodiversity loss and water scarcity, according to a working paper released on Thursday.
Biodiversity Pulse: Thursday June 26, 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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