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TOP STORY
Indonesia sets absolute emissions cap in new NDC, ties funding to Article 6
Indonesia on Monday submitted a new climate plan that opts for absolute emissions caps for the first time, setting a 2030 peak, but with a hefty price tag that Jakarta hopes to pay for by using Article 6 carbon trading and foreign finance.
DAILY NEWS TICKER
CP Daily News Ticker: 27 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.
AMERICAS
RGGI Market: RGAs surge above $24 on elevated volumes
RGGI Allowance (RGA) futures jumped nearly 7% last week to extend past the $24 threshold on sharply higher volumes, reaching a year-to-date (YtD) trading high above $25 on Friday before retreating Monday.
US judge rejects bid to halt $3 bln offshore wind project over wildlife concerns
A Washington DC federal judge declined on Friday to halt construction of a major offshore wind project off the New York and New Jersey coasts, ruling that local opposition groups failed to prove the wind farm would injure migratory bottlenose dolphins.
California’s climate disclosure laws are ‘game-changers’, essential to market transparency, groups argue
California’s landmark corporate climate disclosure laws are not an attack on free speech, but a necessary step to protect investors, consumers, and markets from climate-related risks, two leading advocacy groups have told a federal appeals court.
Canada commits C$4.2 mln to Jamaican nature-based urban resilience initiative
Jamaica has formally launched a five-year initiative aimed at integrating nature-based solutions (NbS) into urban development, supported by funding from the Government of Canada through Global Affairs Canada (GAC).
Canadian pension giant failing to factor climate risks into investments, lawsuit says
Four young people are taking Canada’s largest pension fund to court for allegedly failing to protect their investments from climate-related risks.
Global bioeconomy advancing as Latin America emerges a key growth region –report
A new UN report found advances in bioeconomy sectors, spanning carbon capture and bioenergy systems to sustainable agriculture and low-carbon materials, are gaining momentum worldwide, even as high costs, uneven regulation, and patchy funding slow growth.
US offset standard corrects errors, clarifies rules for soil carbon projects
A major US-based registry has issued corrections and clarifications to its soil enrichment methodology, tightening eligibility and accounting rules for agricultural carbon projects.
ASIA PACIFIC
Singapore offers S$15 mln to build finance sector’s carbon market expertise, publishes VCM guidance
The Singapore government has launched a S$15 million ($11.5 mln) grant programme to develop the finance sector’s carbon market capabilities, as well as guidance on how companies can best use carbon credits in their decarbonisation strategies, it announced Tuesday.
Think tank sees coal emissions peaking in key Asian markets by 2030
A Helsinki-based think tank has predicted that coal power emissions in China, India, and Indonesia will peak by 2030, driven by rapid expansion of renewable energy.
Bhutan aims to remain a carbon-negative state for next decade, with money from Article 6
Bhutan is taking the “costly” and “moral” decision to remain carbon-negative over the next decade, and intends to advance international carbon trading to finance both emissions reductions and adaptation to climate change, according to its updated Paris Agreement commitment.
Indonesia’s REDD+ projects fail to lift rural incomes, study finds
Indonesia’s forest carbon projects have failed to deliver lasting improvements in rural household incomes and may even have reduced earnings from agriculture, a study looking at some of the country’s flagship Reducing Emissions from Deforestation and Forest Degradation (REDD+) schemes has found.
Upcoming compliance mechanisms to account for nearly all demand for Thailand’s credits -report
Thailand’s upcoming Climate Change Act could drive up to 98% demand for the Southeast Asian country’s carbon credits as compliance mechanisms such as an emissions trading system (ETS) and carbon tax are brought into force, according to a recent report by the market regulator.
Malaysia’s upcoming carbon tax could raise RM2 bln annually -research
Malaysia’s upcoming national carbon tax, announced last year and due in 2026, could launch at a starting rate of RM 10 ($2.36) per tonne of CO2e, potentially raising RM 2 billion a year in new revenue while supporting its climate and fiscal goals, according to recently published research.
AZEC countries reiterate energy transition commitment without setting fossil fuel phaseout timelines
Member countries of the Japan-led Asia Zero Emission Community (AZEC) reasserted their commitment to addressing climate change while ensuring economic growth.
Climate finance to Pacific Islands down from pandemic highs -report
Climate finance to Pacific Island countries is steadily growing, led by contributions from Australia, despite a short-term unwinding of funds that came in response to the Covid-19 pandemic, according to new analysis.
Australia agtech company cancels soil carbon methodology alliance
An Australian agtech company announced it has cancelled agreements with a carbon project developer, according to a quarterly update Tuesday.
Australian landfill gas operator raises A$51 mln to accelerate ACCU generating projects
An Australian landfill gas operator has raised A$51.2 million ($33 mln) to go towards projects that it says will boost its generation of Australian Carbon Credit Units (ACCUs).
Japanese carmaker’s EV retreat threatens Asia’s clean transition, NGO warns
The biggest Japanese automaker’s retreat on battery electric vehicle (BEV) targets could derail global decarbonisation efforts and lock Asia into a high-emissions future, a report released Monday has warned.
EMEA
EU considers biennial review of 2040 climate goal in latest compromise bid -media
European Union countries may review their 2040 climate target every two years under a new compromise proposal, according to a draft document seen by Reuters, part of efforts to forge a deal before the COP30 international climate summit next month.
Lagging industrial electrification threatens EU’s net zero goal -study
Europe faces a stark gap between its vast potential for industrial electrification and the readiness of politicians to deliver the necessary policies to realise it, a new academic study has warned.
Egyptian financial regulator to launch ratings agency for carbon credits
Egypt’s Financial Regulatory Authority (FRA) will develop its own carbon credit ratings agency, starting with the creation of a regulatory and technical framework, a senior official said Friday.
Euro Markets: EUAs drop for fifth day as energy markets eye weak fundamentals
European carbon prices fell for a fifth day in a row on Monday, reaching their lowest in eight sessions amid a steady pulse of selling pressure before rallying towards the close, as energy markets reacted to weak weather fundamentals and shook off the positive impact from the weekend’s news that the US and China had reached agreement on trade issues.
Less than 1% of aviation fuel supplied to EU airports came from sustainable sources in 2024
Just 0.6% of all aviation fuel supplied to EU airports last year came from sustainable sources – avoiding around 714,000 tonnes of CO2, according to a new report by an EU agency.
African govt becomes first to sign up for AI-powered Paris implementation system
An African government has become the first to sign up for an AI-powered, blockchain-based platform designed to track implementation of the Paris Agreement, in a move it says will help to put the country’s national carbon registry system in motion.
EIB loans €40 mln to Swedish biogas project with biochar co-benefits
The European Investment Bank (EIB) has agreed a €40 million loan to a Swedish company developing modular gasification systems that convert biomass residues into renewable industrial biogas, with biochar produced as a by-product.
Mozambique slashes REDD+ emissions reduction claims by two-thirds after UN review tightens data standards
Mozambique has sharply revised down its reported forest-based emission reductions after UN experts found inconsistencies in its original REDD+ calculations, with the updated results now deemed transparent, consistent, and technically sound, according to a UNFCCC report released Monday.
Local power dynamics, trust deficits hinder equitable participation in Sierra Leone REDD+ project -study
Entrenched power hierarchies, poor communication, and elite capture – where local leaders and influential families dominate decision-making and divert project benefits – have limited fair participation in a long-running Gola REDD+ programme in Sierra Leone, according to a new study.
VOLUNTARY
No credible pathway to $100/t for direct air capture yet -study
The cost of direct air capture (DAC) has not followed a clear decreasing trend over time, with more plausible pathways of up to $600/tCO2 per year at scale, according to an October review of scientific literature on DAC technologies.
VCM Report: Old REDD dog takes a bite into integrity drives
Credits sold from a now deactivated REDD methodology re-opened concerns about integrity last week, at a time when the EU is debating whether to allow the use of international credits under the Paris Agreement into the ETS, and delegates are preparing for UN climate talks in Brazil.
Drought may trigger major carbon reversals in peatlands -study
Extreme droughts could turn peatlands from long-term carbon sinks into sources of greenhouse gas emissions, according to research by US, Swiss and Australian scientists published last week.
INTERNATIONAL
BRIEFING – Brazil refines financial structure of tropical forests fund, aims to build momentum in Belem
With COP30 right around the corner, Brazil is rushing to prove that the $125 billion global fund it proposes to reward the conservation of tropical forests is financially viable and attractive, and to respond to criticism about its complexity and risk-sharing model.
Clean energy growth outpaces predictions since Paris Agreement -report
Global clean energy deployment and investment have surged far beyond the projections made since the Paris Agreement was signed a decade ago, with renewables, electric vehicles (EVs), and climate policy momentum all outperforming expectations, an analysis published Tuesday has found.
INTERVIEW: Commoditisation will spur carbon market growth, not PACM standards, says project validator
Paris Agreement Crediting Mechanism (PACM) standards will not make or break the voluntary carbon market (VCM), but sabotaging the commodification of carbon credits could, according to the co-founder of a PACM-accredited validation and verification body (VVB).
GGGI partners with standards body to make carbon markets more effective
The Global Green Growth Institute (GGGI) has agreed with a standard-setting body to collaborate on strengthening the integrity and effectiveness of global carbon markets, using joint certification tools and methodologies, they announced on Monday.
Planned fossil projects risk 11 times overshoot of 1.5C carbon budget, new data shows
A growing pipeline of fossil fuel developments could emit over 11 times the world’s remaining carbon budget for 1.5C, according to data published Monday by a group of non-profit researchers.
Innovation and public funding key to scaling carbon removals, IEA says
Scaling up the carbon dioxide removal (CDR) sector to the multi-million-tonne level will require sustained innovation to cut costs and improve performance, with the International Energy Agency (IEA) urging governments to play a catalytic role in supporting the industry.
Global LNG wave at odds with decarbonisation drive, IEA warns
A coming surge in liquefied natural gas (LNG) capacity is expected to reshape world energy markets and raise new challenges for global decarbonisation efforts, the International Energy Agency (IEA) said in its annual Gas 2025 report.
Global upstream methane emissions climb for first time in five years -report
Global methane emissions from onshore oil and gas operations rose in late 2024 and early 2025, reversing a steady downward trend observed since 2020, according to a report published Monday.
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