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TOP STORY
FEATURE: Mexico to launch standard and registry platform in early 2026
Mexico is aiming to launch its own carbon standard and registry by January 2026 to complement its imminent emissions trading scheme (ETS) and subnational carbon tax offsetting schemes while serving as a solution to certification constraints imposed by international standards.
DAILY NEWS TICKER
CP Daily News Ticker: 15 September 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 home of our ‘Bite-sized updates from around the world’, which previously featured at the bottom of our CP Daily newsletter.
AMERICAS
California state legislature votes to extend cap-and-trade through 2045
California lawmakers voted on Saturday to extend the state’s cap-and-trade programme through 2045, advancing two related bills to the governor’s desk to be signed into law.
California cap-and-trade approval a mixed bag for offsets market -panellists
California’s long-awaited approval last week to extend its cap-and-trade system bears mixed signals for the voluntary carbon market (VCM), panellists said Monday at a conference.
Second Washington reserve carbon auction date set for November
The Washington Department of Ecology (ECY) will offer allowances from its Allowance Price Containment Reserve (APCR) for sale at one fixed-price this November, according to a government notice published Friday.
RGGI Market: RGAs continue on downward trajectory into shoulder season
RGGI Allowance (RGA) future settlements continued their decline, as traders commented on changing demand for allowances amid the power sector’s transition into the shoulder season this year.
US buyers in VCM to persist quietly during Trump administration -panellists
Voluntary carbon market (VCM) activity is persisting in the US despite climate action headwinds from the federal government, speakers said on the first day of the Argus North American Biofuels, LCFS, and Carbon Markets Summit in Monterey, California.
LATAM Roundup: Offsets take centre stage in climate strategies and targets
A number of developments for Latin America’s national climate policies and carbon markets occurred last week, with Brazil advancing Indigenous- and state-led REDD+ projects alongside proposals to enforce stricter emission reduction goals, while Mexico confirmed the timeline of the launch of its long-awaited ETS and highlighted the transport sector as central to its 2030 climate pledge.
Canadian carbon tax doomed by Trudeau’s “half-hearted” support, “stupid” policy reversal -McKenna
Former Canadian Environment Minister Catherine McKenna has sharply criticised the Trudeau government’s communication and political handling of its consumer carbon pricing policy in her forthcoming autobiography Run Like A Girl.
INTERVIEW: New dashboard estimates 12 mln tonnes of CDR capacity imminent in Canada
A new tool by a leading Canadian carbon removal (CDR) advocacy group is tracking technology deployment across the country for the first time, revealing that the nation is on track to mitigate 12 million tonnes of CO2 per year.
California chief air regulator announces upcoming retirement
California Governor Gavin Newsom announced on Monday that the lead of the state’s air regulator will be leaving her role at the end of the month.
EMEA
EU still pushing to seal 2040 climate goal, NDC ahead of COP30
Despite recent setbacks, the European Commission is still aiming to strike a deal on the EU’s 2040 climate target and its updated Nationally Determined Contribution (NDC) under the Paris Agreement before the COP30 summit in November, a senior EU source said on Monday.
ETS2 faces test in Eastern EU countries as Brussels releases ‘toolbox’ to ease implementation
The European Commission on Monday unveiled a “toolbox” to help EU member states implement the bloc’s upcoming Emissions Trading System for road transport and heating fuels (ETS2), amid warnings from environmental groups that the new carbon market could worsen energy poverty in Central Europe unless governments make better use of available EU funds.
EU considering only allowing countries with an ETS to use real emissions data for CBAM reporting
Brussels is considering a change to how emissions are reported by installations outside the EU that are subject to the Carbon Border Adjustment Mechanism (CBAM), which could lead to a greater uptake of emission trading systems across the globe, an industry consultancy claiming knowledge of the matter told Carbon Pulse.
BRIEFING: Europe’s carmakers push back on EV shift, raising stakes for ETS2
The EU faces a decisive moment in the shift to electric road transport, as its struggling car industry pushes for a delay to the 2035 ban on new internal combustion engine (ICE) sales – a move that could push up prices in the EU’s Emissions Trading System for heating and transport fuels (ETS2).
Euro Markets: EUAs shrug off weak energy markets to post strong rally and target recent highs
European carbon prices surged on Monday afternoon, coming within range of their recent seven-month high after the market appeared to bounce off a support level for a second day, with speculative traders said to be accumulating length as EUAs seemed to be detaching from natural gas and finding more of a correlation with German power.
Angola sees Article 6 as priority tool to meet new Paris climate goals
Angola plans to use Article 6 to help it meet new emissions reduction goals under the Paris Agreement, the government announced in a new Nationally Determined Contribution (NDC) published over the weekend.
Germany lays out a new, more pragmatic approach to its energy transition
The German government has re-committed to 80% renewables in its electricity mix by 2030 as it unveiled 10 measures for a more “realistic” energy transition on the back of a much-anticipated state-of-play monitoring report.
INTERVIEW: Mediterranean carbon capture developer sees strong demand from industrials facing “existential crisis”
The developer of a carbon capture and storage (CCS) project in the Mediterranean Sea is gearing up to start marketing its capacity soon, with expectations of strong interest from heavy industrial emitters who see little alternative for cutting their pollution in the near term, according to a company executive.
Europe 2025 heatwaves already cost billions in economic losses, with toll set to triple -report
Europe’s hottest summer on record has already dealt the EU one of its costliest economic blows to date, with heatwaves, droughts and floods causing around €43 billion in losses in June-August, according to a new scientific paper published Monday.
US, UK team up on advanced modular reactors in bid to drive new nuclear age
The US and the UK have struck a transatlantic partnership to speed up the deployment of modular nuclear capacity, announcing a deal on Monday that could see a string of next generation ‘advanced’ reactors built in Britain.
Inconsistent peatland carbon accounting methods risk undermining climate targets in Germany -report
Diverging methods for estimating emissions from peatlands in Germany are creating discrepancies that threaten the integrity of the country’s climate targets, according to a government-commissioned report published earlier this month.
ASIA PACIFIC
‘Terrifying’ findings in Australia’s first climate risk report leads to calls for faster emissions cuts
Climate and environment groups are calling for faster emissions reductions, as well as adaptation and resilience plans to be legislated, following the release of Australia’s first national climate risk assessment and adaptation plans.
UN, Temasek launch programme to cut SME emissions in Southeast Asia
A United Nations agency and Singapore’s Temasek Foundation last week launched a two-year programme to help small businesses in Malaysia, the Philippines, and across Southeast Asia cut their emissions.
AU Market: ACCU price retraces steps over weaker NDC sentiment
Australian Carbon Credit Unit (ACCU) prices retreated from year-to-date highs last week, as uncertainty prevails on the scope and ambition of the country’s 2035 emissions reduction target, set to be announced later this week.
Singapore Exchange flags rising carbon taxes and regulatory scrutiny as key risks
Singapore Exchange (SGX) on Monday warned that rising carbon prices and intensifying regulatory scrutiny pose risks to its business and listed companies, even as the bourse succeeded in reducing its emissions from last year.
China thermal power growth slows in August, renewable energy expansion continues
China’s thermal power generation growth slowed in August, while wind and solar power both posted double-digit increases, according to government data published Monday.
VOLUNTARY
VCM Report: CORSIA carbon futures jump to record settlement
ICE futures for Phase 1 of CORSIA jumped for a second week running and the curve adopted an odd u-bend shape as the hedging market started to catch up with spot trades in light of bullish forecasts for the international aviation emissions offsetting scheme.
FEATURE: New methodology may see food banks generate carbon credits via methane avoidance
A global non-profit has submitted its methodology for measuring the volume of methane emissions avoided by food bank distributions to a carbon standard and is in talks with national governments about Article 6.
First large-scale soil carbon project achieves verification under updated Verra methodology
The first large-scale soil carbon project across 1.6 million hectares in Europe has achieved verification under Verra’s updated methodology, generating 2.3 mln voluntary credits, it was announced Monday.
Data centres could emit 810 MtCO2 annually by 2035, finds new report
AI and data centres could emit 810 million tonnes of CO2 annually by 2035, equivalent to 2% of global emissions and 17% of industrial emissions, according to a report published Monday.
INTERNATIONAL
Rising military spending could add tens of millions of tonnes to global emissions -report
Global defence budgets are set to drive significant increases in GHG output, with every $100 billion in additional military spending linked to around 32 million tonnes of CO2 emissions, according to an analysis published this month.
UN asks COP attendees to divulge their funding and affiliations
The UNFCCC has tightened up its registration for this year’s COP30 climate summit, amid heavy pressure to weed out fossil fuels-funded delegates.
Net zero by 2050 is unrealistic, most scenarios imply 2C+ warming by then, say analysts
Reaching net zero by 2050 is unrealistic, even with a sudden emissions drop – meaning that limiting global warming to 1.5C is no longer possible, according to a global analysis company that now foresees at least 2C of warming by mid-century in most of its scenarios.
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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JOB LISTINGS THIS WEEK
- *Investment Manager, Worldview International Foundation – Asia or Europe preferred (Remote)
- *Carbon Sales Manager, Worldview International Foundation – Asia or Europe preferred (Remote)
- *Environmental Markets Correspondent, Carbon Pulse – Toronto/Vancouver
*Premium listings
See all listings or post a job
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EVENTS
Interactive Forum on US Carbon Markets: Sep. 22, NYC – Join Elevate Climate at Climate Week NYC. Speakers include:
- Chair Liane Randolph (California Air Resources Board)
- Ona Papageorgiou (New York State Department of Environmental Conservation)
- Joel Creswell (Washington State Department of Ecology)
Event to be held from 0900-1230 local time. Register
IETA North America Climate Summit: Sep. 23-25, NYC – North America’s largest annual environmental carbon markets event and an official affiliate event of the New York Climate Week and UN General Assembly. Brought together from across industries, governments, and civil society, the Summit provides a vital platform to shape the future of carbon markets, energy transition, unlock investment, and advance climate ambition through economic strength and innovation. With high-level plenaries, strategic roundtables, and deep-dive technical sessions, NACS 2025 comes at a key inflection point for carbon markets across North America. Register
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 Capture, Utilization and Storage Conference 2025: Oct. 8-9, Houston – Now in its third year, Wood Mackenzie’s expert analysts, as well as leaders from carbon emitting industries, policy makers, upstream players, project developers, financiers, EPCs, and midstream transportation, storage, and utilization providers will discuss the costs and economic feasibility of CCUS projects. Hear from Bank of America, Chevron New Energies, J.P. Morgan, Storegga, Stripe and the US Environmental Protection Agency. View the latest agenda and register here.
Carbon Markets Africa Summit (CMAS 2025): Oct. 21-23, Johannesburg – The award-winning VUKA Group has officially launched CMAS 2025, to catalyse high-integrity carbon markets across Africa. By connecting supply and demand, the summit will bring together policymakers, investors, standards bodies, corporates and developers to build a credible, investable carbon pipeline in Africa. Its timing is important. With growing global momentum around carbon pricing and the operationalisation of Article 6, the outcomes of the subsequent G20 Leaders’ Summit in Johannesburg in November are expected to influence the future architecture of global carbon markets. Join us to shape Africa’s carbon future. 10% discount code H8E4P.
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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 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 a 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.
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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