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TOP STORY
LEAK: Brussels clarifies EU carbon removal certification rules in updated draft
The European Commission has clarified several provisions in an updated draft implementing regulation for the EU’s Carbon Removals and Carbon Farming (CRCF) certification framework, tightening oversight of certification schemes and auditors – but attracting criticism over weak conflict-of-interest rules.
DAILY NEWS TICKER
CP Daily News Ticker: 23 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 MARKETS AFRICA SUMMIT
Africa’s carbon alliances helping countries avoid pitfalls of the CDM
Africa’s regional carbon market alliances are helping countries prepare and set the terms for the rise of international trading under Article 6, while avoiding the Kyoto Protocol-era pitfalls that still haunt the continent, according to speakers in Johannesburg.
Zimbabwe cookstove carbon project hopes to soon be OK’d for CORSIA take-off
A cookstove project in Zimbabwe is hoping to soon become second in the world to be eligible to sell credits into the aviation offsetting scheme CORSIA, or at least among the next few to be approved, one of the project’s developers told Carbon Pulse.
What makes a carbon project bankable? Depends who you ask
In an “opinion-rich” carbon market, the question what makes a project bankable ultimately depends on how bankability is defined – and that question has yet to be settled, experts at the Carbon Markets Africa Summit agreed.
EMEA
EU leaders back ‘revision clause’ for 2040 climate goal in draft summit conclusions
EU heads of state and government are calling for a “revision clause” to be added to the bloc’s 2040 climate goal, citing the need to keep pace with technological progress and global competition, according to draft conclusions from an EU summit on Thursday.
Brussels-based think tank backs delaying phaseout of free carbon allowances to give industry more time to decarbonise
There is no perfect solution when it comes to preventing exporters to the EU from finding ways to circumvent the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a Brussels-based think tank, advocating instead for a delay in the phasing out of free carbon allowances to give industry more time to decarbonise.
EU Commission-backed expert report recommends advancing nature credits
Nature credits can help drive progress towards forestry goals in the transition towards a nature-positive economy, an independent expert report funded by the European Commission has said.
Industry group calls for urgent EU action to scale CCS climate solutions
A European carbon capture and storage (CCS) association has unveiled a vision for Europe’s 2040 low-carbon economy, calling for urgent and coordinated action to scale up technologies to boost CO2 transport infrastructure, and create stronger market demand for clean materials.
EU carbon storage injection capacity to fall short of 2030 NZIA target -report
The EU is expected to fall significantly short of its 2030 carbon storage injection capacity target set under the Net Zero Industry Act (NZIA), according to analysis published Thursday.
Europe’s wind industry faces China dilemma as 2030 goals slip
Europe’s offshore wind market is facing headwinds from concerns about China at a time when the EU and UK has blown off course from 2030 targets, warns a new report.
Euro Markets: EU carbon ends little changed as new US oil sanctions against Russia dominate agenda
European carbon prices fluctuated in both positive and negative territory on Thursday and ended almost unchanged as EUAs were caught in the slipstream of volatile energy markets after news that the US is to impose new sanctions on Russian oil producers.
EU Parliament lays out COP30 wish list amid infighting over 2040 climate target
The European Parliament on Thursday set out a series of sweeping demands ahead of next month’s COP30 international climate summit in Brazil, as political groups continue to clash over the EU’s 2040 climate goal.
Carbon removals must play “supplementary but essential” role for UK net zero, only permanent credits in ETS, says govt review
Carbon removal is now essential for UK climate goals, but only those storing CO2 for centuries or more should be allowed into the country’s compliance carbon market on the journey to net zero, according to a government-commissioned review of the sector.
UK govt denies reports its ready to scupper 2030 clean power target due to impact on bills
The UK government has denied media reports it is prepared to miss its 2030 clean power target if it ends up costing far more than building new gas power and risks pushing up energy bills.
Turkiye publishes draft regulation on ETS operations
Turkiye’s Energy Market Regulatory Authority on Thursday published draft regulations on the mechanics of a primary and secondary market under its incoming emissions trading system (ETS).
Morocco sets first coal phaseout date, backs Article 6 in new Paris climate pledge
Morocco has, for the first time, set a date to phase out coal power, pledging to end its use of the fossil fuel by 2040, conditional on international support, or unconditionally in the 2040s.
UK govt should scrap ‘top-up’ carbon tax, industry lobbying group says
The UK government should drop its ‘top-up’ carbon tax that is costing the chemicals industry £100 million each year, a lobby group said on Thursday.
French court rules oil major’s net zero claims are greenwashing
A French court on Thursday found a global energy company guilty of greenwashing about its oil and gas ‘net zero by 2050’ and energy transition narrative, and misleading customers.
Carbon removal awareness among general public is low but support is high, finds survey
Around one in two people in the US and UK have heard of carbon removal (CDR), but a higher proportion support government or corporate action to accelerate the industry, according to a new survey of more than 10,000 people in both regions.
Belgian firm commissions Middle East carbon removal project
A Brussels-based carbon removal company has begun commissioning its modular direct air capture (DAC) facility in the Middle East, with the aim to start delivering certified carbon credits.
Governance, funding gaps slow rollout of nature-based solutions in Mediterranean -study
Gaps in governance, funding, integration, and technical capacity are hindering the rollout of nature-based solutions (NbS) across the Mediterranean, a new review found, urging longer-term finance and coordinated institutional support.
AMERICAS
Google signs first US carbon capture power deal
Google has signed its first-ever agreement to buy power from a US natural gas plant equipped with carbon capture and storage (CCS), a move the company says will help expand access to clean, reliable electricity for its growing data centre operations.
US BECCS firm raises $55 mln to scale turbine tech for AI-driven demand
A Los Angeles-based bioenergy with carbon capture and storage (BECCS) developer announced Tuesday it has raised $55 million in Series A funding to scale its modular turbine systems amid growing electricity demand from AI data centres.
Brazil ETS links to Article 6 demand, high-integrity voluntary market will drive impact -report
Brazil’s future emissions trading system (ETS) will hinge on a domestic cap-and-trade mechanism – but links to Article 6 and voluntary carbon markets (VCM) will drive the lion’s share of its economic viability and environmental impact, Brazilian stakeholders believe, according to a ratings agency’s new report.
Mexican states need intergovernmental working group for carbon tax implementation -study
Mexican states that have or are developing carbon pricing mechanisms should create an intergovernmental working group to improve coordination and reduce the heterogeneity of carbon tax policies between states, according to a recent study.
WCI Markets: CCAs retreat toward range lows as benchmark fails to breach $32.8
California Carbon Allowances (CCAs) retreated toward the lower end of their trading range over the Oct. 16-22 period as the benchmark failed to breach the $32.8 level, while traders await an Oct. 29 workshop from air regulator ARB.
Pennsylvania Senate again votes to repeal RGGI regulation
Pennsylvania’s Republican-controlled Senate on Wednesday again approved legislation to withdraw the state from the Regional Greenhouse Gas Initiative (RGGI), this time with bipartisan support.
California kicks off EV mandate rulemaking consultations, targets 2027
It could be two years before California tables new rules to accelerate the deployment of zero-emission vehicles (ZEVs) in the Golden State, following moves by the Trump administration that effectively repealed its EV mandate.
Joint venture halts US Northeast offshore wind development amid Trump policy pushback
A joint venture between a Japanese power generator and global oil major has halted development of an offshore wind project in the US Northeast and will close its operations in the country, citing unfavourable conditions including federal political opposition.
US oil trade group reverses its support for higher renewable fuel blends
The largest advocacy group for the oil and natural gas industry in the US asked members of Congress to block bills that would advance the year-round availability of fuel with higher ethanol blends, reversing the support issued earlier this year.
ASIA PACIFIC
Australian green hydrogen production rises, but number of new projects shrink, as CCS spending climbs, govt report says
The volume of renewable hydrogen produced in Australia increased in 2024, however the number of new developments has fallen, while expenditure on CO2 storage exploration has risen to nearly A$1 billion ($650 mln), according to a government agency report published Thursday.
Asia Pacific nations step up Paris carbon market links, eye global credit supply -report
Countries in the Asia Pacific region are accelerating cooperation under Article 6 of the Paris Agreement, with Thailand, Singapore, and Indonesia emerging as early movers through bilateral carbon trading deals and new emissions market infrastructure, positioning the region to become a key source of high-quality carbon credits, according to a recently published report.
AZEC countries seek to advance carbon market cooperation, explore project methodologies
Member countries of the Japan-led Asia Zero Emission Community (AZEC) are looking for ways to promote high-integrity carbon markets, including exploring more carbon credit methodologies.
NZ Market: Sentiment turns mildly bearish, as review finds ETS advisory frameworks sound
New Zealand allowances continue to trade sideways, with a major bank turning slightly sour on the market’s dynamics, as a governmental review concluded that the ETS advisory frameworks are fit for purpose.
New Zealand sovereign wealth fund exceeds emissions reduction goals
The New Zealand Superannuation Fund has cut the emissions intensity of its investment portfolio by more than it was aiming for, and has nearly eradicated the potential emissions from fossil fuel reserves associated with it.
VOLUNTARY
Former South Pole boss urges Verra to invite Kariba REDD carbon project back into registry
Verra should invite the Kariba REDD carbon project back into its registry to enable the proponent to pay back a debt of over 15 million units using future issuances, according to the former head of South Pole, after the standard demanded compensation due to past over-crediting.
New Forests sees carbon credit generation drop, as it looks to develop new swale methodology
Global carbon and timber asset manager New Forests saw a dramatic drop in carbon credits issued to it last financial year, according to its latest sustainability report published Thursday.
More companies are 1.5C aligned, but capital allocation disclosures lagging -report
A growing number of companies are reducing their emissions intensity in line with a 1.5C sectoral target, found a new report – but the majority are failing to disclose capital allocation to back up plans.
Lower rated REDD+ carbon credits not being retired, says rating agency
Carbon credits from avoided deforestation projects, deemed to be of low quality, are being retired at much lower rates than those with higher scores, a ratings agency said on Thursday.
Sport sector urged to invest in carbon removal as emissions surge from global growth
A new report has urged the global sports industry to “match growth with responsibility” by investing in high-quality carbon removal to counter rising emissions from expanding leagues, events, and air travel.
Heat accounting framework update targets stronger alignment across voluntary standards
A first-of-its-kind framework in the voluntary carbon market (VCM) has been expanded to account for all major heat drivers, advancing how non-CO2 climate impacts are quantified and verified.
Gaming sector emits hundreds of millions of tonnes of CO2 annually, finds report
The global carbon footprint of video gaming spans hundreds of millions of tonnes of CO2 annually, according to a report published Thursday by a carbon accounting firm.
Global think-tank asks fossil fuel giants to invest in commercialising DAC technologies
A global think tank published a report attributing the climate investments that the highest-emitting fossil fuel companies are responsible for, asking the oil and gas giants to pay to scale up direct air carbon capture and storage.
INTERNATIONAL
Brazil’s Amazon oil approval reflects real-time energy transition debate, says Correa do Lago
The recent approval by the Brazilian government to drill at the mouth of the Amazon River basin in search of oil highlights the ongoing discussions and choices that countries need to make in the energy transition, rather than a change in climate policy, according to COP30 President Andre Correa do Lago.
CAD Trust launches new carbon markets data model following consultation
The Climate Action Data Trust’s (CAD Trust) new version aims to deliver a new carbon market data model, and also updates tables to support input of multiple methodologies per project, as well as reporting under Article 6.
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EVENTS
Canada Clean Fuels and Carbon Markets Summit: Nov. 5, Calgary – Over 180 organizations, spanning regulators, investors, project developers, and a wide range of market stakeholders attend the cCarbon Canada Clean Fuels & Carbon Markets Summit. The long list of organizations that trust and support the cCarbon CFCM Summits reflects the network, calibre of conversations, insights, partnerships, and business opportunities that happen here. With the event coming up on Nov. 5, register now to lock in your place at CFCM 2025 in Calgary. For further details about the event, visit here. 10% discount code: CAP10
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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