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TOP STORY
EU, China pledge “leadership” on climate ahead of COP30, but doubts remain
In a joint declaration on Thursday, Brussels and Beijing pledged to submit new climate plans for 2035, and reaffirmed their commitment to cooperation on carbon markets, but critics said the statement lacked specifics when it comes to phasing out fossil fuels and climate finance to developing nations.
*NEW* DAILY NEWS TICKER
CP Daily News Ticker: 24 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.
VOLUNTARY
Microsoft goes big in BECCS, as carbon removal charts another record quarter
Microsoft’s thirst for bioenergy with carbon capture and storage (BECCS) credits dominated the carbon removal (CDR) sector in the second quarter, according to a data platform.
Carbon project financier settles disputes in Indonesia and Mexico
A Canadian carbon project financier on Thursday said it finalised settlement agreements over two troubled carbon offset projects in Indonesia and Mexico, but is continuing to pursue a lawsuit against former executives and consultants over alleged misconduct and mismanagement.
Engineered CDR needs long-term deals, tailored finance to scale, says report
Forward purchases, innovative debt structures, and buyer coalitions will remain critical to unlocking investment in engineered carbon removal (CDR) this decade, as supply struggles to keep pace with demand, according to a report released Thursday.
Carbon credit issuances, retirements rise in Q2 as prices drop YoY -report
A sustainable finance analytics firm revealed on Thursday that Q2 2025 saw a rise both in credits issued and retired as compared to the same period the year prior, but across project types, prices dropped by nearly one-third year-on-year (YoY).
Green premium markets held back by absence of MRV interoperability, analysts say
The development of a carbon-differentiated market for commodities is primarily held back by a lack of standardisation in the monitoring, reporting, and verification (MRV) of product-level emissions, even though regulations like the EU’s carbon border levy will directly tie emissions to financial value, said analysts on a webinar Thursday.
EMEA
Lead Parliament lawmaker calls for rejecting EU’s 2040 climate target
Ondrej Knotek, a far-right Czech lawmaker who was appointed as the European Parliament’s speaker on the EU’s 2040 climate target, has called for rejecting the proposed objective, warning of the negative impact it would have on Europe’s economy.
DATA DIVE: Will the carbon-gas correlation hold ahead of transition year for EU ETS?
During the summer period, with European activity quieter than usual, the focus of many EU carbon participants has turned to the market’s correlation with gas prices, but with policy-driven changes to affect the supply dynamic in the EU ETS next year, analysts consider for how long the fuel will retain its strong influence over benchmark EUAs.
Euro Markets: EUAs cut loose from weaker gas, jump strongly after stern test of technical support
European carbon prices rose the most in more than three weeks on Thursday after a strong afternoon session, shrugging off an early decline driven by falling gas amid analyst reports showing the EU was set to meet its storage mandates, and rejecting a move below a key technical support level.
Europe’s CCS industry asks for clarity on carbon removals, residual emissions in EU ETS
The carbon capture and storage (CCS) industry has listed its demands for the upcoming revision of the EU’s Emissions Trading Scheme (ETS), asking for the introduction of differentiated carbon removal certificates in the bloc’s carbon market, and a clear definition of residual emissions going forward.
INTERVIEW: Holes in Turkish ETS law and regulation threaten environmental integrity -expert
Turkiye’s new law and regulation establishing a national emissions trading system (ETS) has relegated major decisions to later legislation or implementing authorities, potentially compromising environmental integrity, a Turkish legal expert has told Carbon Pulse.
Wales should not use int’l carbon credits to reach emissions targets, says advisory body
The UK Climate Change Committee (CCC) on Thursday recommended that the Welsh government meet emissions reduction targets through domestic mitigation, not international carbon credits.
Developer forecasts premium UK carbon removal credits to reach £500/tonne by 2050
Premium UK carbon credits that provide genuine carbon removal alongside biodiversity and community impact are forecast to reach £500 per tonne by 2050, according to market analysis by a project developer, which outlined the price divergence between different credit quality levels.
Synthetic SAF needs targeted EU support to scale up for aviation, think tank says
Scaling sustainable aviation fuels (SAF) from novel technologies and non-food feedstocks remains a challenge in the EU, despite new climate legislation, and risks derailing climate goals, according to a climate think tank.
AMERICAS
US SEC will not reconsider climate disclosure rules, urges court to proceed with case
The US Securities and Exchange Commission (SEC) has told a federal appeals court it does not plan to revisit its contested climate disclosure rules, asking for pending legal challenges to proceed.
WCI Markets: CCAs remain rangebound, WCAs breach $62
California Carbon Allowance (CCA) prices dipped even as market activity picked up as the market remained void of regulatory and political updates ahead of next month’s auction, while Washington Carbon Allowances (WCAs) inched higher above levels required to trigger additional reserve volumes, traders said.
Washington issues draft pitch to extend EITE allocations beyond 2035, asking for state legislative support
The Washington Department of Ecology (ECY) published on Thursday a draft proposal for considerations to extend the offer of free allowances for emissions intensive, trade-exposed (EITE) facilities under the state’s cap-and-trade programme beyond 2035.
BRIEFING: Washington CFS proposal receives preliminary push to cut factory farm incentives
The Washington Department of Ecology (ECY) recorded public comments this week on the state’s Clean Fuel Standard draft changes, with the majority of voices supporting the changes that would reduce factory farm incentives.
US homeowner insurance sector losses could fund bulk of global carbon cuts -study
Redirecting projected climate-driven profit losses from the US homeowners’ insurance market to mitigation efforts could fund up to 85% of the global annual carbon reductions needed to limit warming to 1.5C, according to a peer-reviewed study published Thursday.
ASIA PACIFIC
Western aid cuts could jeopardise Southeast Asia’s climate goals -report
Southeast Asia’s efforts to mitigate climate change are under growing strain as Western donors cut back on aid, tightening already limited budgets for energy transition in a region dominated by coal, an analysis released this week has found.
Indigenous ACCU method “unimpeded” by lack of govt guidelines
The proponent of an Indigenous Australian Carbon Credit Unit (ACCU) method expects to present a draft to the government by the end of the year, despite still waiting for formal guidelines.
Australian tech company receives A$45 mln in govt funding for zero emissions steel pilot
An Australian mineral processor technology company has been awarded A$44.9 million ($29.6 mln) in government funding to build a demonstration plant using its novel Zero Emissions Steel Technology (ZESTY).
Miner sticks to ‘real zero’ by 2030 despite cancelling more hydrogen projects
Australian miner Fortescue on Thursday said it is still well-placed to meet its “real zero” emissions target by 2030 even after mothballing two of its green hydrogen projects.
Partners target low-carbon hydrogen, ammonia to make net zero cotton
An Australian energy company, an agricultural outfit, and the New South Wales state government have announced financial close on a green hydrogen project they say will lower emissions in the fertiliser sector.
Coal dependence risks India’s trade competitiveness, report says
India risks losing billions of dollars in trade revenue and millions of jobs to lower-carbon competitors unless it accelerates the transition to clean energy as global climate policies tighten, according to a report released Thursday.
China’s Fujian seeks feedback on allowance allocation plan for regional ETS
The government of China’s Fujian province is seeking comments on a draft allowance allocation plan for the regional emissions trading system.
Australian bank hit with shareholder strike, as it faces pressure to disclose fossil fuel financing
Australian bank Macquarie was hit with a shareholder strike against its remuneration report on Thursday at its annual general meeting, amid a push for it to disclose the extent of its new coal, oil, and gas funding.
INTERNATIONAL
FEATURE: Insurers hope Gold Standard’s CORSIA assessment helps lift credit supply
Gold Standard’s new process of approving private insurance policies for carbon project developers looking to sell credits in the UN aviation offsetting scheme could help to boost supply in a crunched market – particularly if other standard setters follow suit and big insurers join in, officials involved in the arrangement told Carbon Pulse.
Brazil’s TFFF fund and J-REDD “entirely complementary”, webinar hears
Brazil’s proposed global fund for preserving tropical forests and jurisdictional REDD (J-REDD) can work in unison rather than as rivals, a webinar heard Thursday.
World sets record coal demand 2024, tipped to decline by 2026 -IEA
Last year saw a record for global total coal demand, with a rise of 1.5% to nearly 8.8 billion tonnes globally driven by power demand, but this will slow in 2025 and reverse by next year, the International Energy Agency (IEA) said in its mid-year coal update.
AVIATION/SHIPPING
India working on credit supply strategy as CORSIA obligations near -official
The Indian government is working on plans to ensure its aviation sector has access to eligible carbon credits for the compliance start of the UN aviation offsetting scheme CORSIA, an official told a webinar Thursday.
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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