CP Daily News Ticker: 31-2 November 2025

Published 01:01 on October 31, 2025 / Last updated at 01:01 on October 31, 2025 / Daily News Ticker

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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.
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  • Sun 23:01
    European companies are more likely to see the Corporate Sustainability Due Diligence Directive (CSDDD) as a competitive advantage than a burden, and largely oppose efforts to scale back its scope under the Omnibus reform, a survey released Monday has found.
  • Sun 13:01
    Australia should prioritise market-wide whole-of-system electricity grid planning in order to realise its green iron, aluminium, and steelmaking ambitions that will require gargantuan amounts of renewable energy, according to a report published Monday.
  • Sat 02:59
    Naughty - Freedom of Information (FOI) responses obtained by OPIS indicate that the European Commission has made minimal effort to enforce EU ETS rules against two major operators that failed to pay for millions of tonnes of carbon emissions. The cases involve Hungary’s ISD Power coal plant and Czechia’s Liberty Ostrava steelworks, which together did not surrender allowances covering 5.45 million tonnes of CO2e - worth more than €750 mln at 2023 prices. The Commission admitted it had not contacted the Czech government after Liberty Ostrava failed to surrender 1.28 mln EUAs for 2023, despite having received over 3.3 mln free allowances that year. Selling those could have yielded around €281.5 mln, OPIS calculated. The Commission said it would soon request an explanation from Czech authorities, noting that national regulators are responsible for imposing fines. In Hungary, communication over ISD Power’s non-compliance was limited to three letters exchanged between Nov. 2023 and July 2025, with no contact for 16 months in between. The plant, controlled by Russia’s state development bank VEB, failed to surrender allowances covering 4.15 Mt of emissions between 2019 and 2023, accruing roughly €655 mln in missed payments and fines. The Commission declined to disclose the letters’ contents, citing an ongoing EU Pilot procedure with Hungary.
  • Sat 02:50
    Methodology revision - Verra has released a revision to the CDM methodology AMS-III.AV on low greenhouse gas-emitting safe drinking water systems. VMR0015 continues to support projects that distribute water purification technologies to replace water boiling using non-renewable biomass or fossil fuels. Key updates include a new approach for determining the fraction of non-renewable biomass, a requirement to apply a leakage adjustment factor at validation, and updated emission factors for non-renewable woody biomass and fossil fuels. The revision also adds provisions to prevent double counting with REDD+ projects or programmes, account for interacting technologies in baseline assessments, and ensure consistent data compilation for each distributed device. VMR0015 must be applied alongside the most recent version of AMS-III.AV., which has now been deactivated as a standalone methodology under the Verified Carbon Standard. Projects still using AMS-III.AV. version 9.0 must complete validation by May 1, 2026.
  • Sat 01:05
    Move and be moved - Mazda has developed a prototype carbon-capture system capable of trapping around 20% of a vehicle’s tailpipe CO2 emissions, as part of efforts to make combustion engines cleaner while electric vehicles remain dependent on fossil-fuelled grids. CFO Jeff Guyton told reporters at the Tokyo motor show that the exhaust-mounted device stores captured carbon in a small onboard tank using a crystalline zeolite substrate. The system draws hot exhaust gases through a drying process, retaining roughly one-fifth of the CO₂ that would otherwise be emitted. Mazda plans to test the technology in an endurance racing car later this year to assess its performance under high-load conditions before considering road-car applications. The captured CO2 could potentially be reused in recycled plastics or industrial materials, linking to Mazda’s experiments with carbon-based composites featured in its Vision X-Coupe concept. The project is part of Mazda’s Multi-Solution Strategy, which also includes hybrids, rotary-range extenders, and biofuel research. The company contends that such approaches could deliver scalable emissions reductions even for markets with limited EV infrastructure, such as Australia, where Mazda continues to prioritise incremental improvements to combustion technology over rapid electrification. (Car Expert)
  • Sat 00:12
    The 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 00:09
    Argentina 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 23:51
    Global 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 23:42
    While 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 22:54
    Canada 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 21:55
    Exchange 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 21:24
    The 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 21:14
    Q3 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 21:10
    Panama’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 20:34
    Mexico'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 19:38
    COP30 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.

  • Fri 19:35
    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 19:33
    Records 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 19:31
    Provincial 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 19:30
    Nicotine 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 19:29
    Climate 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 18:36
    Remaining 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 18:13
    US 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 18:08
    Governments should jointly design and develop a global advance market commitment (AMC) to accelerate carbon removal (CDR) funding and deployment, according to a new paper.  
  • Fri 17:24
    EUAs posted their fourth successive monthly increase as the October trading month came to a close on Friday, even as Dec-25  prices edged lower for a second day, while monthly trading activity in the benchmark European contract rose to the most since April, and UKA front-December trading volume for October set a record.
  • Fri 17:18
    Paris has called for an 'emergency brake' to be included in the EU’s proposed 2040 climate target plan, citing doubts over the reliability of forests to absorb CO2 in the future and uncertainties about the potential of technical carbon sinks.
  • Fri 16:32
    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.
  • Fri 15:39
    The South African Treasury this week released a wide-ranging consultation paper proposing legal, financial, and institutional reforms to establish a robust domestic carbon market, with the aim of aligning the country’s compliance and voluntary systems and strengthening links to international trading under the Paris Agreement’s Article 6.
  • Fri 15:39
    Singapore on Friday launched its second request for proposals (RFP) for Article 6-compliant carbon credits, which will be used to meet the country’s Nationally Determined Contribution (NDC) to the Paris Agreement through 2030.
  • Fri 14:39
    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 13:42
    Cleaner industry call - On Friday, 48 organisations from across Europe published an open letter to the European Commission, calling for market measures to create a strong business case for investment in clean industrial projects, to be included in the upcoming Industrial Accelerator Act (IAA). The letter was initiated by the Zero Emissions Platform (ZEP) and Third Generation Environmentalism (E3G) and was signed by organisations including Shell and Yara. It called on the Commission to ensure the IAA includes provisions including EU-wide, harmonised and performance-based product standards, mandatory green public procurement, and the creation of durable and predictable private demand.
  • Fri 13:26
    The 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 13:17
    Seagrass meadows and salt marshes along Germany’s coasts hold significant underground carbon stores that can help avoid future emissions but have little potential to contribute to new CO2 removal, according to research published this week.
  • Fri 12:50
    Permits in China's national emissions market fell to around RMB 50 ($7.03), the lowest level since Dec. 2021, amid lingering selling pressure among power companies, while weekly trading volumes almost tripled as the year-end compliance deadline draws near.
  • 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 12:36
    The 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 12:32
    More countries have embedded nature-based solutions within their national climate policies but human rights provisions are lacking, a report published this week said.
  • Fri 12:13
    When reviewing its Emissions Trading System (ETS) next year, the EU must ensure sufficient room for industries that cannot fully decarbonise, a German official has said, signalling potential “space” to relax the EU ETS cap and Linear Reduction Factor (LRF) after 2035.
  • Fri 12:10
    The upcoming Carbon Credit Trading Scheme (CCTS) in India faces key design choices, a recently published report argued, as without a price or supply control mechanism (PSAM), the market could repeat same problems that have hampered other emissions trading systems.
  • Fri 12:01
    New financing - The World Bank has approved a $18.34 mln grant to Sierra Leone under the second phase of the West Africa Food System Resilience Program (FSRP), aimed at boosting biodiversity protection, environmental sustainability, and climate resilience through nature-based solutions and climate-smart agriculture. The grant will back projects in integrated landscape management and biodiversity efforts, investing in research, innovation, and community training to boost food security and promote climate-smart as well as nature-based practices. With this additional grant, total FSRP financing for Sierra Leone now stands at $153.34 mln.
  • Fri 11:45
    Amsterdam-based environmental commodities trader STX Group is closing the Vertis Global Carbon Fund, a short-lived vehicle launched in 2023 to give institutional investors exposure to emerging compliance carbon markets worldwide.
  • Fri 11:00
    The 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.
  • Fri 10:57
    A hot deal - Korea Gas Corp has signed an agreement with the Korea Energy Agency to reduce GHG emissions in the building sector and improve energy welfare for low-income households. The state-owned company will donate KRW 15 bln ($11 mln) over three years to replace around 10,000 boilers with high-efficiency models under the agency’s Corporate Emission Matching Program (CEMP). The programme allows participants to earn carbon credits by registering the projects as external reductions under the Korean ETS.
  • Fri 09:51
    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 09:44
    A South Korean provincial government has signed an agreement with Mongolia to cooperate on carbon reduction projects under Article 6 of the Paris Agreement, local media reported earlier this week.
  • Fri 08:59
    The world’s biggest industrial gas makers are “hiding in plain sight” as major emitters of greenhouse gases, despite being lauded as leaders in sustainability, according to a report published this week that found their electricity needs rival that of small nations, while much of their carbon footprint remains unreported.
  • Fri 08:57
    The ongoing political turmoil in Madagascar following a military takeover earlier this month, is not expected to disrupt carbon market-related activities or forest-based project implementation, government and private sector actors told Carbon Pulse.
  • Fri 08:52
    Providing protection - Indonesia and the UK will advance two new programmes - the Multistakeholder Forestry Programme (MFP-5) and the Land Facility-Indonesia Country Support Project, the Southeast Asian country's Ministry of Forestry said. MFP-5, running 2025-30, will build on earlier projects that helped with Indonesia’s forest governance. The Land Facility project, starting next month, will focus on helping indigenous communities manage customary forests and improve food security in Papua, West Papua, and Southwest Papua.
  • Fri 06:48
    Malaysia has identified a broad list of potential mitigation activities that could be authorised under Article 6.4 of the Paris Agreement, including projects in renewable energy, carbon capture, waste management, and land-use sectors.
  • Fri 05:10
    Crunch time - Time is running out for the Australia government to secure its bid to host COP31 in 2026 in partnership with the Pacific, David Dutton, director of research at the Lowy Institute think tank, wrote in The Interpreter. Dutton said while hosting COP31 is replete with risks, it could become an enduring achievement for the Albanese government, bringing trade and investment to Australia while paying diplomatic dividends. He wrote that the Prime Minister and key ministers should steer a whole-of-government taskforce which integrates expertise and capabilities across portfolios and mobilises the diplomatic network. Australia and Turkiye are still at loggerheads over who will get hosting rights, with a final outcome to be decided in the final hours of COP30 in Brazil, according to observers. Dutton said if Albanese wants to seize the opportunity of COP31, he needs to move fast.
  • Fri 05:10
    Just transition - Indonesia is drawing up new rules to make its shift from coal fairer for workers and communities, according to draft consultation papers. The Standard 9 framework under the Just Energy Transition Partnership (JETP) calls for retraining, social protection, and investment in new industries to support regions dependent on coal. Both national and local governments will be tasked with planning economic diversification and monitoring social impacts, according to the documents. It added that the transition must be gradual as coal still provides most of Indonesia’s fiscal revenue.
  • Fri 04:09
    Swift purchase - Australia gentailer AGL will spend A$185 mln ($121 mln) purchasing four new gas turbines from Siemens AB as part of the development of the Kwinana Swift Gas 2 project, it announced Friday. It follows 176 MW of capacity from the project being assigned as Peak Certified Reserve Capacity by the Australian Energy Market Operator (AEMO). The project is slated to commence on Oct. 1, 2027, with AGL highlighting the need for new firming capacity to support the energy transition. A final investment decision on the project has not been made, however AGL said the project would provide back-up capacity to support the build out of renewables in Western Australia and assist the state government phase out state-owned coal-fired generation by 2030.
  • Fri 01:51
    Leaders from Singapore, Chile and New Zealand announced the start of negotiations as part what they called a Green Economy Partnership Agreement (GEPA), according to a statement Friday.
  • Fri 01:29
    California 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).
  • Fri 00:23
    The centrist D66 party that looks likely to lead the formation of a new coalition government in the Netherlands is the one proposing the biggest increase in climate and environment spend – though it is likely to export a substantial share of GHG emissions.

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