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TOP STORY
POLL: Analysts see strong growth for UKA prices as linkage speculation remains key driver
Analysts continue to focus on the prospects for linkage between the UK and EU Emissions Trading Schemes as the main near-term price driver for UK Allowances, submitting bullish 2026 price forecasts in Carbon Pulse’s latest quarterly poll.
DAILY NEWS TICKER
CP Daily News Ticker: 6 October 2025
The CP Daily News Ticker is a running list of all our news updated in real-time throughout the day. This is also the home to our ‘Bite-sized updates from around the world’, which previously featured in our CP Daily newsletter.
INTERNATIONAL
PREVIEW: Crunch time for Paris carbon crediting as UN body meets to finalise controversial permanence standard
A UN body of experts will meet this week to discuss a crucial standard that deals with addressing permanence risks under the new Paris Agreement Crediting Mechanism (PACM), as pressure builds on rule-setters to ease language in the framework to enable nature-based removals into Article 6 carbon crediting, with several governments now urging a delay to implementation until consensus can be found.
Early ICAO decision to allow PACM credits into CORSIA could alleviate supply constraints, says UN body
A swift move to approve Article 6 carbon credits issued under the new Paris Agreement Crediting Mechanism (PACM) for CORSIA could ease the supply tightness in the international aviation offsetting scheme, said the current chair of an expert UN body.
Global carbon pricing experts back taxes and border adjustments, diverge on revenue use -survey
Nearly twice as many academic experts favour taxes over cap-and-trade for unilateral carbon pricing, while three-quarters strongly recommend the use of a carbon border adjustment mechanism (CBAM), according to the largest global survey of specialists on carbon pricing policy design to date.
INTERVIEW: There’s plenty of waste carbon to make the clean fuels needed to decarbonise aviation, shipping -developer
Waste carbon from industrial sources and discarded biomass will be required to produce sufficient green fuels to decarbonise aviation and shipping, particularly as feedstock for the conventional waste oil pathway will be surpassed by demand as soon as 2030, said a fuels developer.
Carbon finance startup opens call to match CORSIA, Article 6 projects with institutional investors
A carbon finance startup has launched a new Request for Proposals (RFP) designed to match carbon market projects aligned with international regulated frameworks to institutional investors for deployment in the fourth quarter of 2025.
Paris Agreement has galvanised climate action but longer-term strategy must speed up -report
Scientific evidence has become more tightly woven into policymaking in the 10 years since the Paris Agreement was clinched, accelerating the take-up of low-carbon technologies and emission reductions – yet the lack of long-term is still slowing policy decisions down, found a report published Monday.
Clean power overtakes coal for first time, says Ember
Solar and wind power met all the world’s growth in electricity demand in the first half of 2025, overtaking coal generation for the first time on record, new data from energy think tank Ember showed on Tuesday.
VOLUNTARY
VCM MONTHLY: Voluntary carbon issuances hit highest level since end of last year but credit retirements down
September saw voluntary carbon credit retirements fall by over 1 million compared to August, and down over 1.3 mln on Sep. 2024 levels, while issuances hit their highest level since last December, new Carbon Pulse analysis of registry data shows.
VCM Report: Voluntary carbon market impatient for CORSIA take-off as September sees issuance boost
Concerns continued to mount about a shortage of Phase 1 CORSIA-eligible carbon credits last week, while the Integrity Council for the Voluntary Carbon Market (ICVCM) approved a fresh batch of methodologies for its high-integrity stamp.
Carbon offsets face systemic integrity crisis, most types “intractably” flawed -analysis
The world’s most commonly used carbon offsets suffer from pervasive and long-standing integrity problems, according to a new analysis, with widespread over-crediting, unverifiable baselines, leakage, and impermanence undermining both voluntary and compliance markets.
Gold Standard sets 2026 “vintage mandate” for Paris Agreement alignment of all carbon credits
Gold Standard has announced that every credit of a 2026 vintage or later will be issued through methodologies aligned with the Paris Agreement.
INTERVIEW: Offtake financing model could scale early-stage carbon removals
A carbon removal financier is betting that its offtake-financing model, which converts long-term carbon purchase contracts into upfront loans, can help plug the capital gap for early-stage carbon removal projects.
Protocol for direct ocean capture and storage projects finalised
Direct ocean capture and storage projects registered under a standard based in London and New York will need to adhere to new monitoring, reporting, and verification (MRV) requirements and procedures set out in a protocol published Monday.
Some forest carbon projects remove much less CO2 than estimated due to albedo effect -study
The albedo effect, a measure of how well a surface absorbs or reflects sunlight, could entirely negate the carbon removal capacity of more than 10% of almost 200 forest carbon offset projects studied by researchers in a paper published on Monday.
World has more geologic CO2 storage capacity “than we’ll ever need” -experts
A recent study finding that the world’s geological CO2 storage capacity is far smaller than previously believed should not pose any barriers to scaling CDR, experts said Monday.
EMEA
UK opposition party pledges to scrap “carbon tax”, abolish wind power subsidies
The UK opposition Conservative Party has said it would slash energy bills 20% by scrapping the country’s “carbon tax” and abolishing public wind farm funding if it enters government at the next election.
UK railway body launches carbon reporting guidance to help industry decarbonise
The UK’s independent railway safety and standards has kicked off an initiative to standardise carbon measurement and reporting across the country’s rail industry, as part of an effort to decarbonise, it announced on Monday.
Wind power lowering British electricity costs, analysis says
Renewable wind power is reducing day-ahead wholesale electricity prices in Britain, meaning that, without it, household bills could be even higher, a London-based non-profit said.
Germany launches €6 bln industrial decarbonisation programme
Germany has launched a €6 billion industrial decarbonisation programme aimed at helping EU ETS-covered heavy industries such as steel, cement, chemicals, and glass cut emissions and transition to cleaner production methods.
BRIEFING: African carbon projects commanding 200% premium for top-rated credits -experts
African carbon projects are commanding sharply higher premiums for verified, top-rated carbon credits, trading at up to 200% above lower-grade equivalents, according to experts.
Euro Markets: Brief breach of key upside level triggers profit-taking as EUAs drop 0.5% from 10-month high
European carbon fell for the first time in four days on Monday as profit-taking spread through the market after prices had breached an important psychological level in the morning and set a new ten-month high, leading some to question the viability of the current rally.
German agency warns EU against premature regulation of CO2 pipelines
Germany’s Federal Network Agency (BNetzA) has urged the European Commission to hold back on imposing comprehensive regulation for CO2 transportation infrastructure, saying there is currently “no justification for regulation” as the market does not yet exist.
Belgium calls for EU-wide CO2 transport rules that preserve its national model
Belgium has urged the European Commission to adopt a light-touch regulatory approach to its upcoming CO2 transport regulation, warning that efforts to harmonise rules for carbon capture and storage (CCS) across Europe must preserve the country’s unique, regulated market architecture.
INTERVIEW: Norwegian companies struggling to prep for EU rules amid ongoing revisions
Norwegian companies are struggling to prepare for incoming EU climate regulations such as the border carbon fee and corporate sustainability reporting requirements, with consultants warning that ongoing changes and delays are creating confusion and undermining investment planning.
New farm carbon market could relieve pressure on EU heavy industry, study finds
Partially linking the EU’s Emissions Trading System (ETS) with a cap-and-trade scheme for livestock could ease growing pressure on the industrial sector and cut agricultural emissions more quickly, according to analysis from a Dutch energy consultancy.
AMERICAS
Chile authorises Article 6 project, first in Latin America
Chile on Monday announced it had authorised a carbon project under Article 6.2 of the Paris Agreement, becoming the first country in Latin America and the Caribbean to do so.
US Supreme Court declines to hear Washington carbon scheme challenge
The US Supreme Court declined on Monday to consider a number of cases, including one alleging Washington’s carbon trading programme discriminated against other states through the exemptions offered to in-state electric utilities.
Carbon tax plus SAF credit could halve US aviation decarbonisation costs -study
Replacing existing US biofuel policies with a modest carbon tax and a sustainable aviation fuel (SAF) tax credit could meet the country’s 2030 jet decarbonisation goal at nearly half the current cost, according to a new study published on Monday.
RGGI Market: RGAs keep in mid-$22s amidst shoulder season
RGGI Allowance (RGA) futures muddled in the mid-$22 range amid the arrival of shoulder season, as traders said weather-driven compliance demand would be the main driver for whether or not prices would stay elevated above reserve trigger levels through the rest of year.
ASIA PACIFIC
AU Market: ACCU price recovers as upcoming issuance, method development keeps participants guessing
Australian carbon prices have returned to year-to-date highs as compliance buying re-emerges. However, upcoming unit issuances are likely to keep a lid on prices in the short term, as stakeholders wait for new methods to be finalised.
NZU stockpile inched up last quarter, but structural decline is clear, EPA data shows
The stockpile of privately held NZUs crept up in the September quarter, however it is facing a clear structural decline thanks to the government keeping limits to auction volumes in place in the coming years.
Singapore signs its 10th Article 6 implementation agreement with Mongolia
Singapore and Mongolia have signed an implementation agreement on carbon credit collaboration via Article 6 of the Paris Agreement, making it the 10th agreement signed since the city-state’s first with Papua New Guinea at COP28 in Dubai in 2023.
Indian rock weathering firm expands into biochar, launches CDR tech suite
An India-based enhanced rock weathering (ERW) start-up said on Monday it is expanding into biochar-based carbon removal, and announced a suite of digital tools to help companies scale carbon dioxide removal (CDR).
Another Japanese steelmaker on the emissions reduction road to nowhere
Japan’s steelmakers claim to be making steady progress on decarbonisation, yet critics argue the measures are modest at best and obscure a rise in emissions intensity, with emissions from non-operated foreign assets left out of short-term targets.
Indonesia to expand carbon trading, forest-based emissions reductions under new five-year plan
The Indonesian government is planning to expand its carbon market and forest-based emissions reduction efforts under the country’s Ministry of Environment and Forestry’s 2025-29 Strategic Plan, setting the stage for broader Article 6 cooperation and domestic trading to meet its climate targets.
Biochar startups dominate European CDR accelerator’s second India round
Biochar firms led the pack as an Amsterdam-based non-profit announced 16 climate startups selected for its carbon dioxide removal (CDR) accelerator programme in India on Monday.
New partnership targets manufacturing decarbonisation in ASEAN countries
Two non-profits have formed a partnership to develop strategies for clean manufacturing sectors in ASEAN member states, starting with pilots in Indonesia and Vietnam.
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JOB LISTINGS THIS WEEK
- *Carbon Sales Manager, Worldview International Foundation – Asia or Europe preferred (Remote)
- *Investment Manager, Worldview International Foundation – Asia or Europe preferred (Remote)
- Senior Leader, Carbon Monetization and Trading, ClearSky – Calgary
*Premium listings
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FREE REPORTS
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Bottlenecks & Breakthroughs: Challenges and innovations in biochar CDR – Biochar is the first carbon removal technology to deliver at scale, already responsible for 90% of global removals in 2025. But financing gaps, feedstock logistics, and fragmented standards still threaten to stall progress. Supercritical’s new report brings together insights from developers, buyers, and industry experts to explore the bottlenecks holding biochar back – and the breakthroughs that could unlock its full potential. Read the full report
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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 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.
DeCarbon Tokyo: Dec. 3-4, Tokyo – DeCarbon Tokyo 2025 brings together regulators, corporates, financiers, and innovators to explore Japan’s pivotal role in carbon markets and the global net-zero transition. With the launch of Japan’s GX Strategy and GX-ETS, discussions will assess the integration of J-Credit and JCM into compliance systems, alongside linkages with EU ETS, China ETS, and Asia-Pacific initiatives. Day 1 examines Japan’s carbon credit market, bridging voluntary and compliance demand with case studies on nature-based and CCUS projects. Day 2 spotlights Carbon Removal Technologies – BECCS, DAC, biochar, mineralisation, and marine CDR – focusing on commercialization, MRV, financing, and scaling opportunities across markets. Learn more
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