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TOP STORY
BRIEFING – PACM a major step forward on integrity from CDM, voluntary carbon standards -experts
Standards being set under the Paris Agreement Crediting Mechanism (PACM) represent a significant step forward in terms of integrity, compared to previous UN and voluntary carbon market efforts, experts told the Carbon Forward Expo London conference this week.
DAILY NEWS TICKER
CP Daily News Ticker: 9 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.
CARBON FORWARD EXPO LONDON
UK, EU still working on timeline to start ETS linkage talks
The UK government is continuing to work with the EU towards a timetable for negotiations around linking, a spokesperson at the Department of Energy Security and Net Zero (DESNZ) said on Tuesday.
Potential of an ETS2 policy change is driving EUA-EUA2 spreads to narrow significantly in last month -analysts
Analysts are pegging 2027 prices for the EU’s incoming Emissions Trading System for heating and transport fuels (ETS2) at €70- €105, they told a panel at Carbon Forward Expo London 2025 this week, as market data shows that the spread in prices of allowances between the existing EU ETS and ETS2 have narrowed significantly.
Voluntary carbon market developer hopes for revival of EU’s Green Claims Directive
A large voluntary carbon market developer is still counting on the EU’s Green Claims Directive (GCD) to increase trust in corporate climate claims, a panel heard on Thursday.
FEATURE – Carbon credit buyers speaking in “coded language”, or buying anonymously, analysts say
Many voluntary carbon credit deals are failing to come to light because buyers prefer to remain anonymous – particularly larger companies worried about reputational risk – while those that do speak out do so in “coded language”, according to experts at the Carbon Forward Expo London 2025 conference.
INTERVIEW – Cookstove carbon developer expects first credits to get CCP label by end of month
A cookstove project developer expects to be the first project from the sector to formally tag issuances with the Integrity Council for the Voluntary Carbon Market (ICVCM) Core Carbon Principles (CCP) label before the end of October, an executive told Carbon Pulse in an interview on Thursday.
Microsoft doesn’t make a market, CDR developer says as debt-finance remains limited
Microsoft alone cannot prop up the carbon removals (CDR) sector, a project developer told the audience at Carbon Forward Expo London on Thursday.
Asian carbon finance seen converging around Article 6.4
Article 6.4 of the Paris Agreement could become the “point of convergence” between the emerging compliance markets in Asia and voluntary carbon finance, according to a global nature-based investment management firm.
EMEA
Brussels outlines “targets” for EU countries to access ETS2 social funding
The European Commission on Thursday outlined mandatory “milestones and targets” for EU member states to access money from the EU’s €86.7 billion Social Climate Fund (SCF) – a pool designed to address energy poverty linked to the bloc’s upcoming Emissions Trading System for road transport and heating fuels (ETS2).
Fossil fuel giants hold just 1.4% of global renewables output -study
The world’s biggest oil and gas companies control just 1.42% of the total renewable energy projects globally, with Europe’s largest oil and gas majors generating less than 2% of their total output from clean sources, according to research published Thursday.
Parliament swings back in favour of ‘pro-European’ corporate sustainability rules, avoiding far-right position
A compromise on simplified corporate sustainability reporting rules across the European Parliament’s centre-right and -left parties is back on the table on Thursday, a day after the European People’s Party (EPP) threatened to align with far-right groups on to significantly water down the policy.
Euro Markets: Late flurry of buying helps EUAs post small gain after market tests psychological support
EU carbon allowance prices turned an early loss of 1.2% into a gain of as much as 0.7% on Thursday, thanks to a short but powerful burst of aggressive buying late in the session, as bullish traders worked hard to post a positive settlement after the market had spent most of the day testing a key psychological support level.
EU urged to expand cap-and-trade approach to landfill waste
Focusing solely on landfill restrictions risks shifting waste to incineration, a new report has warned, recommending instead a cap-and-trade approach that would incentivise prevention, reuse, and recycling while holding EU countries accountable for reducing residual waste.
CCUS reliance risks derailing near-term decarbonisation in steel, cement -report
Widespread reliance on carbon capture, utilisation and storage (CCUS) in the steel and cement industries risks delaying meaningful emissions cuts this decade, a report released Thursday has warned.
AMERICAS
CL CARBON FORUM: Chile remains open to becoming Article 6 buyer, officials say
Chile has not ruled out becoming both a buyer and seller of Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, Carbon Pulse heard this week at the Chile Carbon Forum.
CL CARBON FORUM: Dominican Republic aiming to launch ETS pilot in 2027 -official
The Dominican Republic (DR) plans to launch its emissions trading system (ETS) as an early-stage pilot sometime in 2027, according to an official speaking at the Chile Carbon Forum in Santiago on Wednesday.
WOODMAC CCUS 2025: CCUS “not the core driver” of Chevron’s gas generation deployment for data centres
CCUS additions may not be a part of Chevron’s new plan to deploy natural gas-fired power plants to power data centres across the US Southeast, Midwest, and West regions, a company executive said Thursday.
California climate agency not flummoxed by climate policy battles -webinar
The agency behind California’s climate change programmes isn’t sweating multiple attacks from business groups and the Trump administration to overturn policy, an agency representative said Thursday.
Canadian developer targets 500k tCO2 removal annually for new project
A Canadian carbon removal (CDR) developer is expanding into the country’s centre with a new project targeting half a million tonnes of CO2 capture per year, according to a Thursday announcement.
ASIA PACIFIC
FEATURE: Scrap markets will drive steel sector’s shift to lower-emissions electric arc furnaces
Lower emissions steel produced in electric arc furnaces (EAFs) will make up a tiny fraction of annual steel output growth, however countries in Asia are already moving to shore up supplies of scrap steel as markets are expected to tighten, multiple market watchers have cautioned.
Australia carbon market industry body appoints new CEO
Australia’s carbon market industry body has appointed a former climate advisory principal and chief impact officer as its new CEO, after a five-month search, it announced Friday.
CEO resigns from Australian soil carbon developer after 10 months on the job
The CEO of Australia’s largest soil carbon project developer has resigned just 10 months into the job, the firm announced on Wednesday.
INTERVIEW: Australia’s ACCU market broad enough for all participants, says agri fund
The demand for Australian carbon credits from environmental plantings projects will be large enough to accommodate multiple investment vehicles with a similar focus, the manager of one such facility told Carbon Pulse.
Australia stuck in ‘dual track’ of expanding clean energy and fossil fuels -study
The so-called lost decade of climate inaction in Australia has left the country following, not leading, the energy transition, and stuck in a dual track of both pushing forward on clean energy while expanding fossil fuels, according to a recent study.
Australia launches A$2 billion renewable hydrogen funding round
The Australian Renewable Energy Agency (ARENA) has opened the second round of its Hydrogen Headstart Program, offering A$2 billion ($1.3 bln) to speed up the development of large-scale green hydrogen projects, with a focus on what it described as “high priority use cases”.
Taiwan pushes for CCUS policies, carbon storage rules
Taiwan is formulating policies that will support the development of domestic carbon capture, utilisation, and storage (CCUS) projects, with management rules for carbon storage likely to be announced around November.
India gives notice of final GHG emission intensity targets for key industrial sectors
The Indian government has officially given notice of its greenhouse gas emission intensity targets for 2025, in compliance with the Indian Carbon Market (ICM) – signalling advancement in the country’s carbon market architecture.
Vietnam drafts rules for national carbon registry
Vietnam’s government this week released a set of circulars detailing how its national carbon registry will be managed and operated, as the country progresses towards launching a domestic emissions trading system.
Australian voluntary cancellations of Kyoto-era credits slumps further
Voluntary cancellations of Kyoto-era carbon credits in the Australian registry have fallen to their lowest monthly levels in recent years, according to Clean Energy Regulator (CER) data.
ID Market: Trading remains subdued in September despite rising participation and supply
Indonesia’s carbon exchange saw trading volumes dip 78% in September as activity returned to muted levels following last month’s one-off bulk transaction, as the market continued to struggle with liquidity.
VOLUNTARY
Global tour operator ditches SBTi and offsets, switches to carbon intensity target
A global travel operator has dropped out of the Science Based Targets initiative (SBTi) and will stop purchasing carbon offsets, blaming failures in policy to drive low-carbon alternatives, it announced on Thursday.
Global CCS deployment surges in 2025 despite policy challenges -report
Global deployment of carbon capture and storage (CCS) technology accelerated in 2025, with the number of operating facilities rising 54% year-on-year (YoY) and capture capacity in operation up 25%, even as policy challenges remain, according to a report released Thursday.
New model for assessing REDD projects guarantees credits generate more than 1 tonne of CO2 saving
A new model for avoided deforestation assessment is claiming the highest grade to date from a rating agency, although without providing the rating.
INTERNATIONAL
Amazon restoration initiative seeks $5.6 mln to offset summit’s transport emissions
A carbon project developer on Wednesday launched an initiative that looks to raise R$30 mln ($5.6 mln) to restore 500 hectares in the Amazon, aiming to combine native species and agroforestry systems to offset the transport emissions from the upcoming COP30 summit in Brazil.
Carbon pricing, solidarity levies needed to raise debt-free climate finance -experts
Carbon pricing schemes can play an important role in raising debt-free climate finance for developing countries and helping to meet the global goal of raising $1.3 trillion per year by 2035, according to finance experts.
Tech developers set to launch AI-powered emissions data platform for governments
Two technology developers are set to launch what they say is the world’s first AI-powered, blockchain-based platform designed to combine national emissions and carbon registries, supporting trading through Article 6 and wider implementation of the Paris Agreement.
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FREE REPORTS
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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.
European Industrial Carbon Management Summit 2025: Oct. 13, Brussels – The European ICM Summit 2025 (#ICMSummit25) is the go-to event where Europe’s carbon management leaders come together to assess where Europe stands, and where it must go next, to make industrial decarbonisation a reality. This year’s Summit comes at a critical moment for European climate and industrial policy. The proposed 2040 climate target and the foundations of a Clean Industrial Deal sharpen the focus on cutting CO₂ emissions, requiring the large-scale deployment of industrial carbon management. In this context, the Summit will convene leaders from policy, industry, research, and civil society to inform the next phase of deployment. Register now
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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