- Sat 00:12The carbon and nature standard BioCarbon unveiled seven dedicated workstreams under its digital monitoring, reporting and verification (dMRV) Working Group, marking the next step in its plan to digitise key processes across the carbon credit value chain, it announced this week.
- Sat 00:09Argentina has postponed a planned carbon dioxide tax increase on petrol and diesel by one month, citing economic growth while maintaining fiscal sustainability, according to a decree published on Thursday.
- Fri 23:51Global fossil fuel emissions reached an all-time high of 40.8 billion tonnes of CO2 equivalent in 2024, while fire-related losses in tropical primary forest surged 370%, according to a climate report published a week before the start of the UN climate summit in Brazil.
- Fri 23:42While biodiversity credits are a nascent market in the US, project developers shared experiences with communicating co-benefits to prospective buyers, particularly ones in the same geographic region.
- Fri 22:54Canada and its G7 partners will work together to advance the energy security of their respective countries alongside their net zero goals, but its a delicate balance, attendees of the G7 Energy and Environment Ministers’ Meeting heard Friday.
- Fri 21:55Exchange operator ICE will launch eight new carbon credit auction futures contracts on Dec. 8, promoting a new primary market mechanism for the voluntary carbon market (VCM) and the UN aviation offsetting scheme CORSIA.
- Fri 21:24The US Department of Energy (DOE) has finalised a $1.6 billion loan for a coal-based ammonia fertiliser project in Indiana, the Trump administration announced this week.
- Fri 21:14Q3 electricity sector emissions regulated under the Massachusetts Global Warming Act (GWSA) skyrocketed more than 13% year-on-year (YoY), according to state data updated Friday.
- Fri 21:10Panama’s Ministry of Environment has signed a letter of intent with a sustainable finance venture to develop long-term conservation and climate initiatives in the Darien region.
- Fri 20:34Mexico's government has for now abandoned plans to establish a carbon capture and storage (CCS) regulatory framework by 2027, leaving the country's potential CCS market caught between wildly different carbon capture projections for 2050.
- Fri 19:38COP30 kick-off – Brazil expects to receive 143 delegations for the Leaders’ Summit, to be held on Nov. 6-7 in Belem. A total of 57 heads of state and government and 39 ministers are expected to attend, the Ministry of Foreign Affairs said during a press briefing on Friday. The UNFCCC negotiations are set to start on Nov. 10, with more than 170 delegations accredited. Argentina and the United States have not yet confirmed their attendance. In the briefing, COP30 President Andre Correa do Lago reiterated his expectation that the conference will help strengthen the perception that carbon credits from forest restoration projects are of higher quality.
- Fri 19:37
Emergency chainsaw authority - The Senate Agriculture Committee advanced the "Fix Our Forests Act" with bipartisan support, E&ENews reported, expanding categorical exclusions from National Environmental Policy Act (NEPA) to 10,000 acres, and allowing the Agriculture secretary to declare emergencies on millions of acres for faster forest thinning. Environmental groups are split, with some warning the broad emergency designation limits public comment and could prioritise timber harvesting over wildfire prevention. Agriculture Secretary Brooke Rollins already declared 112.6 mln acres in emergency status. The House passed similar legislation earlier this year.
- Spooktacular surge - Halloween candy costs are set to jump 10.8% this year, with chocolate-based treats rising by as much as 20%, according to a recent analysis. The spike stems from US President Donald Trump’s new tariffs on major cocoa exporters and ongoing climate-driven crop damage in West Africa, where heavy rains have pushed cocoa prices to historically high levels. Imports from the Ivory Coast now face a 21% tariff, while Ecuador faces 15%. Chocolate giant Hershey’s warned earlier this year that tariffs and soaring cocoa prices could cost it more than $100 mln, though it later said its price hikes were unrelated to trade policies. Economists say strong demand has allowed producers to pass higher costs to consumers through price increases or “shrinkflation” tactics, such as reformulating products with less cocoa. (The Guardian)
- Fri 19:34
No green here - A New York federal judge denied environmental groups' bid to intervene in the EPA's lawsuit challenging the state's Climate Change Superfund Act, citing litigation complexity concerns, Law360 reported. The law requires major fossil fuel emitters to collectively pay $75 bln over 25 years for climate adaptation projects. The Trump administration argues the act is unconstitutional and preempted by the Clean Air Act. The groups can file an amicus brief but won't have full party status in the case.
- Fri 19:33Records rumble - Environmental advocacy group, Sierra Club, filed a lawsuit against the US Department of Government Efficiency (DOGE), alleging the task force unlawfully withheld public records that could reveal fossil fuel industry influence over its sweeping budget cuts, E&E News reported. Filed on Wednesday in federal court in Oakland, California, the suit claims DOGE ignored a Freedom of Information Act request seeking communications between senior officials – including former DOGE head and tech billionaire Elon Musk – and industry representatives. The environmental group’s July request to the US Digital Service targeted records that could show how external actors shaped DOGE’s cost-cutting decisions, which affected agencies overseeing environmental and corporate regulation. Musk, who resigned from his DOGE post in May, reportedly directed reductions at departments that had previously scrutinised his own companies.
- Fri 19:31Provincial roadmap – Prince Edward Island has set an energy strategy aligned with its 2040 net zero target in a press release on Wednesday, outlining measures to cut consumption, expand clean power, and strengthen the province’s energy system. The plan is structured around five pillars: reforming mandates, improving efficiency, enhancing the grid, expanding clean energy, and enabling solutions across institutions and communities. The government said targeted efficiency programmes and investments have reduced greenhouse gas emissions over the past three years despite population growth of nearly 17%, highlighting progress on energy savings and affordability as it works toward long-term decarbonisation.
- Fri 19:30Nicotine notice - In the Northern District of California, plaintiffs in Bell v. RJ Reynolds et al. – a proposed class action alleging deceptive marketing of the defendants’ vape products – filed a joint status report setting out the next steps in the case. The Oct. 30 filing named a mediator and scheduled an in-person mediation for Feb. 27, 2027, with mediation ordered to be completed by Mar. 9, 2027. Defendants’ motions to dismiss remain pending, with a hearing set for Feb. 3, 2026.
- Fri 19:29Climate call countered - Several US conservative groups have rejected Sen. Sheldon Whitehouse’s (D-RI) effort to identify outside influences on the Trump administration’s climate policy, E&E News reported. Whitehouse, who serves as ranking member of the Senate Environment and Public Works Committee, had requested internal records from 24 companies and advocacy organisations, including Shell, BP, Chevron, the Heritage Foundation, and the Heartland Institute, seeking potential links to the US EPA’s plan to repeal the endangerment finding that underpins federal climate regulations. At least three conservative groups publicly rebuffed the request, accusing Whitehouse of political overreach and misrepresenting their role in shaping environmental policy.
- Fri 18:36Remaining rules for the EU's Carbon Border Adjustment Mechanism (CBAM)'s implementation will be voted by EU member states in mid-November, a European Commission official said this week, while an anti-circumvention and extension proposal will be proposed in early December.
- Fri 18:13US Energy Secretary Chris Wright remains tight-lipped on whether two large direct air capture (DAC) hubs will lose funding, and if carbon removal (CDR) or decarbonisation at large will play a role in the country’s race for energy dominance.
- Fri 18:08Governments should jointly design and develop a global advance market commitment (AMC) to accelerate carbon removal (CDR) funding and deployment, according to a new paper.
- Major technology firms are using sponsored research and industry coalitions to influence upcoming reforms to Scope 2 emissions accounting under the GHG Protocol, amid surging electricity demand from AI-driven data centres, according to a report published Thursday.
- A new partnership has been launched to generate CO2 removal (CDR) credits through permanent geological storage at a long-running carbon capture and storage (CCS) site in Illinois, according to an announcement Friday.
- Fri 13:26The global construction sector's carbon footprint has ballooned to account for 33% of all global emissions and is on a trajectory to exhaust the world's entire remaining 1.5C carbon budget by 2030, a new analysis has found.
- Fri 12:42
Worth watching - The White House Effect, a new Netflix documentary, traces the origins of modern US climate politics to President George HW Bush’s administration and the lead-up to the 1992 Rio Earth Summit. The film argues that the partisan divide on climate change, often associated with later Republican leaders such as Donald Trump, began under Bush’s presidency as he struggled to balance environmental ambition with economic concerns. Assembled entirely from 14,000 archival video clips and declassified White House documents, the documentary reveals a power struggle within Bush’s administration between EPA Administrator William Reilly, who urged decisive action on global warming, and Chief of Staff John Sununu, a climate sceptic who worked closely with fossil fuel interests. Internal memos show Sununu convening meetings with leading climate contrarians such as Pat Michaels and Richard Lindzen, while the fossil fuel industry simultaneously funded public campaigns to sow doubt about the science of climate change. The resulting disinformation spread through media coverage and public discourse, influencing both policy and public opinion. Initially, Bush had positioned himself as a pro-environment candidate, pledging during his 1988 campaign to tackle global warming and invoking what he called the “White House effect”. However, after entering office, he came under mounting pressure from economic advisers and conservative allies to resist strong climate commitments. Events such as the Exxon Valdez oil spill and Hurricane Hugo had initially elevated environmental issues, but Sununu’s influence and the growing media platform for climate sceptics undermined momentum. By the time of the 1992 Earth Summit in Rio, Bush faced an economic downturn and political headwinds ahead of re-election. Although he attended the summit, he refused to back binding international emissions targets, framing his position as one of principle rather than obstruction. Reilly later reflected that this decision was a turning point that entrenched partisanship around climate policy in the US. A Republican president’s embrace of emissions reductions, he suggested, might have transformed the political trajectory of the issue. Instead, as the film argues, the tactics and narratives forged under Sununu’s influence helped lay the groundwork for decades of US political resistance to global climate action. (E&E News)
- Fri 12:36The UN-convened Net-Zero Asset Owner Alliance (NZAOA) has urged policymakers to integrate CO2 removals into compliance carbon markets and establish harmonised global standards, arguing that voluntary efforts alone cannot deliver the scale of removals required to meet mid-century climate targets.
- Fri 12:32More countries have embedded nature-based solutions within their national climate policies but human rights provisions are lacking, a report published this week said.
- Fri 11:00The national policies and measures planned or implemented for 2030 would hardly make a dent in global emissions – with some sectors expected to see slight increases, and land sinks to shrink, according to the UN's first synthesis of transparency reports under the Paris Agreement.
- One of the largest exchange-traded futures (ETF) fund dealing in EU carbon allowances has adjusted its portfolio strategy in an effort to mitigate foreign exchange risks, Carbon Pulse has learned.
- Fri 01:29California Carbon Allowances (CCAs) inched up during the Oct. 23-29 period as a surge in activity on the final trading session drove weekly volumes higher, with options activity more than doubling week-on-week (WoW).
CP Daily News Ticker: 31-2 November 2025
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