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TOP STORY
BRIEFING: Landmark ICJ opinion says countries must prevent climate harms, lists obligations
A landmark advisory opinion issued Wednesday by the International Court of Justice (ICJ) has stated that under international law, countries must protect the environment from anthropogenic greenhouse gas emissions, confirming an expansive list of obligations.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 23 July 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
FEATURE: African Development Bank looks to sell climate benefits from the non-market ‘Cinderella’ of Article 6
The African Development Bank is looking for emitters to buy certifications for benefits generated from climate adaptation projects on the continent in an initiative that falls under the more neglected part of the Paris Agreement’s regime for international cooperation: everything outside of carbon markets.
EU power giants post gas-fired power rise in H1 2025
Two large power utilities reported a strong jump in EU gas-fired electricity production in the first six months of the year, compared to the same period in 2024, though one saw its lignite-fired power generation slump.
BRIEFING: Why Brussels is unconvinced by push for EU Carbon Central Bank
The European Commission has dismissed calls to establish an EU Carbon Central Bank, with officials recently explaining the reasons behind the scepticism from Brussels.
Euro Markets: EUAs snap 5-day losing streak as sellers go quiet, before late tariffs news boosts market
EU carbon allowances ended a five-day run of daily declines on Wednesday as sellers appeared to go quiet after recent aggressive offering, while the daily auction cleared above the market and weekly position data showed investment funds making only a small adjustment to their holdings last week, before markets were jolted higher at the very end of the day by bullish news on tariffs.
Fundamental drivers no longer key to EU carbon price fluctuations, researchers say
Traditional energy-related fundamentals no longer explain much of the variation in EU carbon prices, especially in the more recent phases of the bloc’s Emissions Trading Scheme (ETS), according to new research.
Researchers propose more efficient way for shippers to apply EU carbon market surcharges
A new study, which takes aim at the response from shippers to the inclusion of maritime in the EU ETS, has put forward a more profit-focused approach that also changes the way distances and emissions obligations are calculated by affected companies.
UK govt announces details of next allocation rounds in hydrogen update
The UK government has announced details of when it expects to launch its forthcoming allocation rounds for hydrogen production, and transport and storage, in its latest hydrogen update released on Wednesday.
Czech industries urge government to lobby for extension of free carbon allowances
Six energy-intensive industry associations in Czechia have called on their prime minister to ensure they continue receiving free EU carbon allowances and receive more state support, in a letter published this week.
NGO backs Zambia’s draft carbon market regulations, flags key gaps
Zambia’s upcoming carbon market regulations have drawn support for its provisions on governance roles and legal clarity on both voluntary and Article 6 carbon markets, however, the government needs to strengthen the regulations around transparency, an NGO said this week.
EU, Japan pledge stronger climate cooperation ahead of COP30
The EU and Japan on Wednesday reaffirmed their strategic partnership on climate change ahead of the COP30 climate summit in November, highlighting support for carbon pricing policies while backing investments to improve security of supply in natural gas.
UK government urged to strengthen carbon budget plan after court losses
The UK government has just 100 days to produce a new climate action plan or risk breaching a legal obligation, more than 50 businesses, trade unions, and civil society organisations warned in a letter demanding a bolder and fairer strategy from Prime Minister Keir Starmer.
Fast-food industry group launches dairy supply chain carbon tool
A UK-based industry group representing fast-food restaurant chains announced Tuesday it has launched a new set of standardised interventions aimed at reducing greenhouse gas emissions from dairy production.
AMERICAS
Brazilian finance coalition commits $2.6 bln to forest restoration, bioeconomy
A Brazilian finance coalition dedicated to forest restoration and bioeconomy announced Wednesday that it has committed $2.6 billion to these causes – more than one-quarter of its overall goal by 2030.
Brasilia confirms postponement of independent ETS agency -Folha
Brazil has put on hold its plans to create an independent regulatory agency for its incoming emissions trading system (ETS), leaving oversight directly with the Ministry of Finance (MF), as per reporting by Folha de Sao Paulo on Wednesday.
Alberta directs C$49 million of TIER funds toward emissions-cutting material innovations
The government of Alberta has committed C$49 million ($36 mln) from Alberta’s Technology Innovation and Emissions Reduction (TIER) fund to support 18 projects aimed at cutting emissions and advancing circular economy technologies across the province, Emissions Reduction Alberta (ERA) announced Wednesday.
INTERVIEW: Solving Alberta’s data centre power crunch with low-carbon energy campus
A Calgary-based developer is building a novel “energy campus” to help ease pressure on Alberta’s constrained electricity grid by combining on-site power generation for data centres with low-carbon solutions.
US EPA proposal to cut RFS imports could drive up consumer prices -report
The US EPA’s proposal to limit foreign feedstocks under the Renewable Fuels Standard would stall the growth of the biomass-based diesel industry, a biofuel industry group has flagged.
California offset issuances reach 1 mln threshold
California regulator ARB issued over 1 million credits over the last two weeks, a 520% increase over the previous period, state data released Wednesday showed.
California April diesel consumption recoils from March highs
California diesel sales dropped in April following the prior month’s highs, though still marked a year-on-year (YoY) increase in consumption.
ASIA PACIFIC
ANALYSIS: Safeguard baseline decline rates would only need modest boost to achieve ambitious 2035 NDC, modelling shows
Australia would only need to slightly increase its Safeguard Mechanism baseline decline rates to achieve the upper end of a more ambitious 2035 emissions reduction target, according to modelling shared exclusively with Carbon Pulse.
Australian government consults on hydrogen guidance
Australia’s climate change department has opened a consultation on two hydrogen regulatory guidebooks, one for production facilities and one for refuelling facilities.
Japanese carbon developer raises $16 mln in latest funding round
A Tokyo-based project developer with a growing international portfolio has raised JPY 2.4 billion ($16.4 million) in a funding round to expand its sustainable agriculture projects, it announced Wednesday.
Indian industry faces data crisis, hefty penalties as EU carbon border price looms
Indian manufacturers are already struggling with data integrity and inadequate verification as they prepare for the European Union’s Carbon Border Adjustment Mechanism (CBAM) starting next year, threatening billions of dollars in exports and exposing the country’s industrial sector to high penalties and reputational damage, a webinar heard Wednesday.
Taiwan to clarify carbon leakage criteria under domestic emissions levy scheme
The Taiwanese government will disclose more details about the criteria for carbon leakage-exposed sectors around August, a move that will affect how much emitters will have to pay under the island’s carbon fee scheme, local media reported.
Vietnam’s steel sector not on track to decarbonise -think tank
Vietnam’s pilot emissions trading scheme will provide incentives for the country’s steel sector to shift to lower carbon production methods, but current government efforts are not yet sufficient to see it decarbonise, a think tank said this week.
VOLUNTARY
Price of nature-based carbon removals doubled in first half of 2025
Nature-based carbon removal (CDR) credits doubled in price between the January and July, according to new analysis.
Gold Standard launches new suppressed demand standard for carbon methodologies
Gold Standard has launched a new suppressed demand accounting standard as the organisation seeks to further align with the new Paris Agreement Crediting Mechanism (PACM).
Brazil’s Rio Vermelho sub-basin lost 3.6 mln tonnes of carbon amid agricultural expansion -study
Newly published research of Brazil’s Rio Vermelho Sub-basin (SBHRV) found that two decades of agricultural expansion led to widespread land use change, deforestation, and a decline in carbon stock of roughly 3.6 million tonnes.
INTERNATIONAL
Global gas consumption to hit all-time high in 2026, says IEA
Global gas consumption will reach an all-time high in 2026, rising 2% year-on-year, and driven by demand in the Asia Pacific region, according to the International Energy Agency (IEA).
CFEL25 – CALL FOR PROPOSALS
Carbon Forward Expo London 2025 – Call for Proposals
Carbon Forward Expo London celebrates 10 years this October, and we are inviting partners to be part of this special event.
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COMPLIMENTARY REPORTS
CBAM: Break for the Border (Mechanism) – To what extent are the European Union’s top trading partners ready for embedded emissions reporting and how can this risk their compliance with EU CBAM? Wood Mackenzie’s Carbon Management experts share insights on the EU led global growth of CBAMs and how companies can be better prepared for upcoming compliance challenges and unique MRV requirements. Click here to access this complimentary report
Designing Carbon Registries for Success – Carbon registries are key to enhance environmental market integrity and transparency. S&P Global Commodity Insights’ whitepaper offers insights into technology options for countries to engage in carbon markets, including independent standards and national programs, emphasizing the need for interoperability to prevent double counting and streamline data exchange. It helps guide market participants on considerations for alignment with Article 6 of the Paris Agreement, which facilitates international cooperation in climate action through market-based mechanisms. It features case studies from countries like Ghana and Singapore, showcasing strategies for maximizing carbon credit utilization and advocating for adaptable registry designs to support nations’ low-carbon transitions. Click here to access this complimentary report
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PREMIUM JOB LISTINGS
- Head of Climate (f/m/d), KAYA Climate Solutions GmbH – Berlin/Luanda
- Director, Conservation Finance, The Nature Conservancy of Canada – Canada (Flexible)
- Environmental Markets Correspondent, Carbon Pulse – Toronto/Vancouver
See all listings or post a job
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EVENTS
Carbon Forward Expo London: Oct. 7-9, London – Europe’s premier carbon markets conference. Our flagship event takes place in London once again, and will celebrate its 10th year analysing global carbon markets. Over three information-packed days, we’ll bring you leading experts, thought-provoking content, trailblazing organisations, lively discussions, and innovative thinking across the compliance, voluntary, removal, and renewable energy markets. This year’s edition will feature more side events, workshops, and our inaugural startup Pitch Hub! More details and a call for proposals to follow. Super Early Bird discounts now available. Register
Carbon Forestry 2025: Aug. 19-20, Rotorua – The 2025 Carbon Forestry Conference draws foresters, managers, advisers, and lawmakers to discuss policy and market changes. Director John Stulen calls it a vital forum for the sector. Key topics include the Climate Change Commission’s latest advice on NZ ETS unit limits and price controls for 2026-30, aiming to restore confidence in emissions trading. Also central is the ‘Alt-F Reset’ report from the Parliamentary Commissioner for the Environment, which raises new, sometimes counterintuitive, ideas for land use adaptation. The event will shape future forestry and climate policy in New Zealand. Register
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CALL FOR PROPOSALS
Carbon Forward Expo London celebrates 10 years this October, and we are inviting partners to be part of this special event. We are now accepting proposals for this special event, from:
- Start-ups – for our new Carbon Forward Pitch Hub
- Companies – to run Deep Dive Workshops
- Speakers – to join our expert panels
- Sponsors – ready to support Europe’s premier carbon markets conference
- Offset buyers – to apply for one of our free passes
Start-ups for the Carbon Forward Pitch Hub – Stand out and get noticed
We’re offering start-ups the chance to promote their business to our highly engaged carbon markets audience. Selected start-ups will have the opportunity to do a 5-10 minute ‘elevator’ pitch, connecting them directly with industry leaders, investors, and potential partners. Start-ups will be required to purchase at least one 3-day conference pass in order to pitch.
Deep Dive Workshop hosts – Showcase your offerings and flex your expertise
Calling all experts: If there is an issue you feel needs unpacking, a challenge the industry faces, or an important opportunity to be had, we’re offering 30-45 minute workshop slots to organisations keen to take attendees on a ‘deep dive’ regarding a specific topic or market, also allowing the presenting company to showcase its offerings. Workshop slots will be allocated on a ‘first come, first served’ basis, with booking priority offered to event sponsors. Non-sponsor firms looking to host a workshop will be required to purchase a minimum number of conference passes.
Some workshop topic ideas:
- An introduction to emissions trading
- Analysts presenting their latest carbon allowance price forecasts
- State of play in North America’s carbon markets
- A first-time CDR buyer’s guide
- How do I choose a VCM standard?
- Understanding integrity: Knowing your ICVCM from your VCMI
- CBAM 101: How to navigate a carbon-tariffed world
- Article 6 unwrapped: The differences between 6.2 and 6.4
- Article 6: Country or regional profiles
- Aviation in the EU ETS and CORSIA
- Technical analysis in the carbon market
Presenters – Opinions, analysis, projections
If you’re interested in joining a panel discussion on the main stage, please get in touch with your area of expertise or a suggested angle. We’re especially keen to hear from those who bring fresh perspectives or practical experience. To ensure gender balance, we welcome and encourage expressions of interest from prospective female panellists.
Sponsors – For organisations looking to make a real splash
Sponsors benefit from high-impact visibility, including main stage panel participation, table-top exhibition space, prominent branding opportunities, client invitations, team access, and unrivalled marketing reach. Sponsors will also get priority in reserving Deep Dive Workshop and Pitch Hub slots.
Offset buyers – Apply for a free pass
As with all our Carbon Forward events, we offer a limited number of complimentary passes to attendees from medium and large companies that buy and retire voluntary carbon credits or are looking to do so (Note: this excludes organisations from the energy, financial, or consulting sectors). Special consideration will be given to first-time Carbon Forward attendees.
Indicate your interest and get involved!
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ADVERTISE WITH US
Check out Carbon Pulse’s 2025 advertising brochure and media pack, featuring updated offerings and prices. Bookings are open for advertising on our website and in our newsletters.
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