CP Daily News Ticker: 6-8 June 2025

Published 01:01 on June 6, 2025 / Last updated at 01:01 on June 6, 2025 / Daily News Ticker

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Introducing the CP Daily News Ticker, a running list of all our news updated in real-time throughout the day. This is also the new home to our ‘Bite-sized updates from around the world’, which previously featured in our CP Daily newsletter.
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  • Mon 00:01
    Most finance ministries globally view climate change as a core economic issue, but many continue to face institutional, staffing, and data-related barriers to fully incorporating climate risks into macroeconomic analysis and policymaking, a report published Monday has revealed.
  • Sun 23:27
    Stop the stink - The Climate Action Reserve (CAR) has formally adopted a landfill gas protocol tailored for Argentina, enabling project developers to generate carbon credits by capturing and destroying methane from municipal waste. Finalised following a public consultation and approved by CAR's board this past week, the protocol sets clear rules for eligibility, emissions quantification, monitoring, and verification, and is CAR’s second country-specific standard in the region. Developed in partnership with local stakeholders - including government agencies, NGOs, and technical experts - the protocol aims to drive high-integrity carbon finance into Argentina’s waste sector. It comes amid rising interest in methane mitigation aligned with global climate goals and is expected to support Argentina’s efforts to scale up landfill gas capture in a context of high urban waste generation and limited recycling infrastructure.
  • Sun 23:23
    Brazilian litigation over REDD+ projects intensified last week, while Argentina’s voluntary carbon market (VCM) welcomed new and updated infrastructure.
  • Sun 23:01
    South Africa’s dependency on coal could lead to steep export losses and job cuts as major trading nations ramp up their carbon border taxes and clean energy mandates, according to a report released Monday.
  • Sun 19:12

    Bolivian bandwagon - Another agency of the Bolivian executive branch has opted to engage carbon markets after trading was legalised by a court decision last summer. The Ministry of Environment and Water on Friday led the Second Meeting of Governors on Climate Finance and Carbon Markets, as per the agency’s post on X. A similar Facebook post by the ministry makes reference to climate finance, but not to carbon markets. Carbon projects and carbon trading have long been a hot-button issue in Bolivia, and the country for years prohibited market activity. That changed when the Plurinational Constitutional Court struck down the ban in June 2024, sparking backlash from top officials before giving way to national plans to harness and centralise governance of the market. Afterwards, Bolivia’s economy ministry stated that monetising carbon could generate income without incurring debt, helping to alleviate dollar shortages. Carbon Pulse also understands that representatives from major standards in the voluntary carbon market have liaised with Bolivian officials since the constitutional court’s pivotal decision.

  • Sun 14:05
    The BRICS group of emerging economies has published a set of voluntary principles aimed at promoting carbon accounting standards that are fair, inclusive, and transparent, warning that current global practices risk penalising developing countries and distorting international trade.
  • Sun 12:26
    The United Nations Refugee Agency (UNHCR) has signed an agreement with a Sao Paulo-based environmental consultancy to study the feasibility of reforestation projects in Brazil’s northern state of Roraima, with a focus on supporting indigenous refugee communities through carbon finance.
  • Sun 11:43
    The Brazilian arm of a Latin American alternative asset manager announced this week its reforestation fund has raised R$100 million ($18 mln), while its CEO teased further investments to local media.
  • Sun 11:40
    A Brazilian state recently completed a series of regional consultations with Indigenous and traditional communities to update benefit sharing under a jurisdictional REDD+ (J-REDD+) programme.
  • Sat 20:22
    Nevermind - Alberta-based carbon credit firm Hempalta announced Friday its nearly $1.2 mln agreement for the sale of hemp and biochar processing equipment has not gone through after the funds were not delivered despite follow up discussions and repeated assurances from the unspecified buyer.  Hempalta said it has retained ownership of all equipment and associated intellectual property, and has reinitiated the asset sale process. Interested parties were invited to contact the company. Hempalta in March announced that it was refocusing its business towards carbon credits, as its Q1 2025 financial results showed a significant drop in revenue
  • Sat 18:04
    Zambia is moving swiftly to establish a regulated carbon market, with the Ministry of Green Economy and Environment (MGEE) finalising a new statutory instrument (SI) on carbon markets and consulting stakeholders.
  • Sat 17:09
    UK-based carbon removal standard Isometric has recently launched an emissions factor library, a tool designed to streamline the calculation of net emissions for CO2 removal (CDR) projects. Curated by Isometric’s Science Team, the library consolidates high-quality, open-source emissions factors, simplifying the process for project developers to assess their net climate impact. It will be continuously updated as new and more accurate emissions factors become available.
  • Sat 00:49
    A Brazilian environmental services firm is on the cusp of a June launch for its second wave of crypto-assets involving tokenised carbon credits, the company’s digital assets leader told local media on Thursday.
  • Sat 00:37
    Compliance entities increased their California Carbon Allowance (CCA) holdings on a net basis and reduced RGGI Allowance (RGA) exposure as the WCI second quarterly carbon permit sale concluded while that for the Northeast market neared.
  • Sat 00:35
    Representatives of emissions intensive, trade exposed (EITE) industries in Washington raised concerns over the state’s draft no-cost allocations considerations under cap-and-trade, warning that the proposed frameworks won’t currently protect energy efficient businesses from closing in the state.
  • Sat 00:12
    Public consultation - Russia's carbon registry is seeking comments on two climate project methodologies, it said on its website. The first project focuses on increasing the carbon stock of herbaceous ecosystems in permafrost regions through sustainable livestock grazing, while the second project aims to replace synthetic fertilisers with livestock by-products. A methodology and accompanying letter are provided for discussion for each project. Public consultations will run until July 3, 2025.
  • Fri 22:58
    Regulatory gaps and “legal vacuums” are harming investment as well as human rights in Colombia’s carbon markets, agreed an ideologically diverse lineup of speakers at the first meeting of a new congressional commission on Wednesday.
  • Fri 22:45

    Monitoring moves - Sonardyne International, a UK-based marine technology company, has been awarded a contract to provide baseline environmental monitoring services for the UK’s first offshore CCS site. The project is led by the Northern Endurance Partnership (NEP), a joint venture between: BP, a British oil and gas company; Equinor ASA, a Norwegian energy company; and TotalEnergies SE, a French multinational energy company. NEP is developing infrastructure to transport CO2 from capture projects in Teesside and the Humber to the Endurance storage site under the North Sea. Sonardyne will deploy seabed landers equipped with data processing, acoustic communication systems, and sensors to monitor changes in water chemistry. Monitoring is expected to start in summer 2026 for two years prior to CO2 injection.

  • Fri 22:00
    The latest US Senate budget reconciliation package released Thursday evening proposes to make further cuts to Inflation Reduction Act (IRA) spending — this time targeting funding for sustainable aviation fuels (SAF) and “unneeded” climate and environmental projects, along with fuel economy standards.
  • Fri 21:57
    The COP30 presidency aims to have three main outcomes in climate finance talks, including a roadmap to achieve a $1.3 trillion global goal and finance for nature and adaptation, the conference's CEO said Thursday.
  • Fri 21:18
    Most leading fashion companies remain heavily reliant on fossil fuels, with limited progress on climate targets and supply chain transition, according to a new report by an environmental advocacy organisation.
  • Fri 20:25
    A Brazilian reforestation developer announced on Friday that it is raising $300 million in funding for its carbon removal (CDR) projects.
  • Fri 20:16
    Romania is exploring potential simplifications to the EU's methane regulation, targeting administrative obligations for countries with extensive oil and gas infrastructure, Carbon Pulse has learned.
  • Fri 20:13
    Peru could more than double the going rate for its conservation carbon credits by focusing on bilateral Article 6 agreements and integrating new methodologies into the national registry, a REDD+ project developer said on a panel at the Peru Carbon Forum last week.
  • Fri 19:27
    Companies participating in Washington’s cap-and-trade programme can only hold carbon allowances for themselves, and not for other entities, a state agency said on Thursday.
  • Fri 18:58
    American idol - Clay could potentially be used as a material for direct air capture, according to scientists from Indiana’s Purdue University. The research, published in The Journal of Physical Chemistry C, could expand the portfolio of adsorbent material for CO2 removal to include a group of clays called smectites, which are abundant in nature and have large internal surface areas for chemical reactions. The study is the first to report on the simultaneous absorption of CO2 and water by a clay mineral at ambient concentrations of CO2, the university press said.
  • Fri 18:58

    Podium pledges - The Canadian Olympic Committee (COC) released its Climate Action Plan on Thursday, outlining a commitment to reduce carbon emissions by 50% by 2030 and achieve net zero emissions by 2040. As a signatory to the United Nations Sport for Climate Action Framework and other climate initiatives, the COC’s plan follows Olympic four-year cycles and forms part of the broader Team Canada Impact Agenda. The COC also supports athlete-led sustainability projects through its OLY Canada Legacy Grant programme, and recently launched the 2025 NSO Sustainability Pilot Project to assist three national sport organisations —Canada Artistic Swimming, Cycling Canada, and Freestyle Canada—in developing emissions reduction strategies.

  • Fri 17:55
    Not for net-negative oil? - The carbon removal (CDR) sector needs to undertake more robust policy discussion around deployment of the solution in “overshoot” scenarios, where the global climate is expected to warm beyond 1.5C, climate non-profit Carbon180 said on Tuesday. Achieving a return to 1.5C would require CDR to draw down legacy emissions, senior advisor Sifang Chen estimates – relative to application of CDR to offset hard-to-abate emissions. Chen added that CDR deployment in such a scenario was a dial rather than switch, and an already-warming climate placed additional constraints on CDR capacity.
  • Fri 16:54
    Countries in the Asia Pacific region should consider a mechanism to multiply carbon prices for EU-destined goods to align them with European CO2 costs to reduce the impacts of the Carbon Border Adjustment Mechanism (CBAM), the Asian Development Bank (ADB) said Friday.
  • Fri 16:23
    A “divergence between ambition and reality” is deepening the gap between global climate goals and the actions needed to meet them, legal experts have warned.
  • Fri 16:15
    Governments around the world must ensure systems are in place to report on authorised Article 6 emissions reduction projects in order to provide reassurance to potential investors, Gold Standard told Carbon Pulse in an interview.
  • Fri 15:52
    Auctions for at least 5 GW of new gas-fired power plants are due to be held before the end of the year, as a federal agency reiterated this week that the country’s net zero by 2045 goal is likely to be missed “by a large margin”.
  • Fri 15:38
    Business leaders from the European electric vehicle charging sector said rolling back the bloc’s 2035 combustion engine phaseout would be disastrous for their sector, as carmakers increase pressure on the European Commission to relax the target.
  • Fri 15:36
    The second RGGI cap-and-trade auction of 2025 settled in line with RGGI Allowances (RGAs) in the secondary market the day before the sale, and below $20 as many market participants had expected.
  • Fri 15:09
    Canadian pipelines - The BC government has approved the Prince Rupert Gas Transmissions pipeline in the north of the province, advocacy group Climate Action Network Canada reported. The pipeline is designed to flow fracked gas to Ksi Lisims LNG project, a liquefaction facility that has yet to be approved. The network called the approval a “stunning abandonment of the BC government’s claims to climate leadership”. 
  • Fri 15:08
    No wildfire insurance - Insurance companies are pulling their safety net from homes in wildfire risk zones, according to a new report by Canadian climate tech company Deep Sky. The report used California as an example, where 150,000 homes are now uninsured after insurers in the state began pulling coverage in 2019. Deep Sky, a carbon removal project developer, predicted regional property markets would collapse as wildfire season peaks in coming months.  
  • Fri 15:06
    Denmark’s bottom-up approach to CO2 infrastructure regulation, based on local clusters, could be used as a template for upcoming EU rules – as long as Brussels ensures standardisation for cross-border pipelines across the bloc, a Danish official told Carbon Pulse.
  • Fri 14:49
    France’s carbon scheme is seeing rising demand for carbon credits but faces challenges in securing financing, refining its methodologies, and adapting to evolving regulations, found a report released this week.
  • Fri 14:44
    The rush to develop small modular reactors (SMR) in the nuclear industry has created a classic “chicken and egg” dilemma between supply and demand, a new report has warned.
  • Fri 14:30
    The European Commission is no longer questioning the necessity of carbon capture and storage (CCS), but working instead to ensure its practical implementation on the ground, with a commitment to develop a single market for captured CO2 by 2030, a senior EU official said on Wednesday.
  • Fri 14:00
    A Japanese project developer has teamed up with experts at Osaka Gas to study potential biodiversity impacts from an increasingly popular project type that earns carbon credits from rice paddy fields.
  • Fri 13:58
    Impact study - A study has been launched to assess how the EU ETS affects the competitiveness of Spanish ports, it was announced this week. The study includes the creation of an EU ETS Observatory. Read more on portseurope.com.
  • Fri 13:47
    CO2 in wood – Timber construction manufacturer Derix is starting to issue carbon credits for the CO2 stored in its products. Emissions trading enables the wood construction industry to supplement ecological arguments for wood as a building material with economic advantage, the company said. Certificates have been issued for three wooden construction projects: an airship hangar in Muelheim, Germany, and the Dutch buildings Houtlab (Nieuwkuijk) and SAWA (Rotterdam). Derix works with Open Natural Carbon Removal Accounting (ONCRA), initiated by the Dutch Climate Cleanup, to validate the CO2 stored. It estimates it can certify more than 50,000 cubic metres of wood every year, which corresponds to around 38,000 CO2 certificates. (Houtwereld)
  • Fri 13:45
    Multi-use hydrogen refuelling hubs used by passenger and commercial vehicles will be key to the economics of scaling up hydrogen infrastructure, and could also help ease grid constraints, and electricity storage needs, said executives from BMW, Toyota, and hydrogen developer Protium Green Solutions during an event in London on Thursday.
  • Fri 13:33
    Come on in - India’s Bureau of Energy Efficiency (BEE), which oversees the country's developing carbon market, has opened account registrations for entities seeking to participate in the domestic offset mechanism. The move follows BEE’s release of detailed offset procedures and eight approved methodologies under the Carbon Credit Trading Scheme in March. Entities registering will be eligible to develop, register, trade, or purchase carbon credit certificates. Registration requires submission of an online form and a payment.
  • Fri 13:25
    To the polls – The Netherlands will hold new national elections on 29 October, after the government collapsed this week over an immigration dispute, announced Judith Uitermark, outgoing minister for home affairs, on Friday. New research presented this week highlighted the country’s considerable climate action challenge. NGO Natuur & Milieu said the government's fall “must not lead to even more postponement of necessary measures in the areas of climate, nature, and nitrogen”.
  • Fri 13:20
    Lick it good - Australian startup AgCoTech has developed a methane-reducing salt block for cattle, which can cut emissions by up to 40% and generate carbon credits, Reccessary reports. Piloted in Laos since 2023 with backing from the Australian government, the project has distributed 50,000 blocks to 4,000 farmers. Each 20 kg block lasts 120 days and can reduce a cow’s emissions by up to 880 kg CO2e annually. The credits, sold at $30-50/tonne to buyers such as a UK pharmaceutical firm, provide AgCoTech with revenue despite distributing the blocks for free. With a factory in Luang Prabang and another planned in Vientiane, AgCoTech is preparing to expand to Cambodia and Kenya, and target credit markets in Japan and Singapore.
  • Fri 13:16
    Large-scale biochar - Bolivia-based biochar developer Exomad Green has begun construction on a new facility in the Guarayos region, which it said is set to become the world’s largest biochar production site. The project is designed to scale up carbon removal efforts, with the first phase expected to remove 160,000 tonnes of CO2 annually. By mid-2027, the facility is projected to double its capacity to 320,000 tonnes per year. The development also aims to restore degraded land and support local communities, including Indigenous groups and farmers.
  • Fri 13:09
    Gold Standard on Friday released a framework for feedback to help organisations address their impacts on nature and contribute to ecosystem conservation and restoration.
  • Fri 12:56
    New entrants ClimeFi and MSCI have joined established carbon rating agencies bidding for the right to assess the integrity of international carbon credits in Singapore, as part of the city-state’s expanding climate policy under Article 6 of the Paris Agreement.
  • Fri 12:48
    Permit prices in China's national CO2 emissions market continued to drop over the past week, reaching their lowest level since Sep. 2023, amid mounting bearish sentiment.
  • Fri 12:43
    A Papua New Guinea court has cancelled a disputed agricultural lease that threatened to clear forest land hosting a REDD+ carbon project, in a ruling that now protects 5 million tonnes of CO2 emissions from potential deforestation.
  • Fri 12:39
    European carbon prices moved in a thin range across Friday, boosted by another strong auction and tracking supportive energy prices for much of the day, as the benchmark EUA secured a 4% weekly gain, while UKAs eased marginally lower within participants continuing to react to a lack of clarity on timeline for linkage of the market to the EU ETS.
  • Fri 11:57
    CO2 cargo - DNV has granted approval in principle to a next-generation liquefied CO2 carrier developed by Hoegh Evi, Aker BP, and Moss Maritime. The carrier is designed to transport captured CO2 safely and cost-efficiently from industrial emitters in Europe to offshore sequestration sites on the Norwegian Continental Shelf. The approval is the first to be reviewed under DNV’s new CO2 Recond class notation, developed specifically for CO2 handling and conditioning. (the Malaysian Reserve)
  • Fri 11:52
    Kenya plans to finalise three key parts of its carbon market regulation by the end of the year, a senior official said Friday.
  • Fri 10:34
    An environmental DNA company is working with oil majors, miners, and agricultural corporates to identify high risk areas for biodiversity in their supply chains, with the data used to inform business decisions and respond to regulatory drivers.
  • Fri 10:23
    The UK should find a way to plug itself into the EU nature credit framework being developed by the European Commission, as the government's recent U-turn on the biodiversity net gain (BNG) policy risks undermining the voluntary market uptake in the country, an expert told Carbon Pulse.
  • Fri 10:02
    Some 30 civil society groups have published an open letter urging steelmakers to focus on decarbonising their industry instead of sticking to an accounting method that allows them to market coal-based steel as green.
  • Fri 09:34
    Minor cuts – Norway’s GHG emissions dropped 3.5% last year to 45 MtCO2e, preliminary data from its statistics agency said Friday. Main causes for the drop were increased electrification in the oil and gas sector, more EVs, and disruptions in industrial production. Norway has reduced its emissions 8.8% since 2021, the climate ministry said, but remains far behind the target to go 55% below 1990 levels by 2030.
  • Fri 09:17
    Solar roofs - UK government ministers are expected to announce Friday that the vast majority of new build homes in England will need to have rooftop solar as well as low-carbon heating such as heat pumps, and high energy efficiency, in a bid to cut household energy bills and achieve net zero by 2050. Existing restrictions on heat pumps such as their distance from a neighbour's property will be lifted, with the changes expected to save households over £500 a year on average. (FT)
  • Fri 08:34
    One of Japan's largest banks is backing a carbon credit project under the bilateral Joint Crediting Mechanism (JCM), eyeing emissions reductions from the Philippines' rice fields, it announced Friday.
  • Fri 07:49
    The Malaysia Forest Fund (MFF), a federal government agency, is inviting proposals to pilot methodologies under its flagship forestry protocol, aiming to operationalise the standard by early 2026.
  • Fri 06:17
    Payout - Vietnam’s Thanh Hoa province has approved a 2025 expenditure plan worth over VND 117 bln ($4.6 mln) funded by payments from a forest-based carbon credit deal for the North Central region. The budget includes VND 44.9 bln rolled over from 2024 and VND 72.8 bln in new ERPA revenue linked to a REDD+ programme. The Department of Agriculture and Environment of Thanh Hoa province said that funds will be distributed by year-end to forest-owning households, communities, and state-assigned managers.
  • Fri 05:38
    The Australian Carbon Credit Unit Price (ACCU) has been gaining ground this week, despite a dip in liquidity, analysis and market participants said.
  • Fri 05:24
    Sweet sugar SAF - Two Indian industrial groups have signed an MoU with the International Air Transport Association (IATA) to drive the uptake of sustainable aviation fuel (SAF), multiple outlets reported this week. Praj Industries and the Indian Sugar & Bio-energy Manufacturers Association (ISMA) signed the MoU with IATA which they hope will drive the certification and adoption of the clean jet fuel. They are working towards an uptake of sugarcane as a feedstock, via the Ethanol-to-Jet (ETJ) pathway. India’s SAF target is 1% usage by 2027 and 2% the following year.
  • Fri 05:00
    A review of National Energy and Climate Plans (NECPs) submitted by EU countries so far shows significant gaps and lack of detail in a wide range of areas, casting doubt over the bloc's ability to meet its 2030 climate goals, according to analysis published on Friday. 
  • Fri 04:08
    Opening up - Japan has passed a bill allowing the construction of offshore wind projects in its exclusive economic zones (EEZ), a move that can scale up floating wind in the country, according to the Global Wind Energy Council (GWEC). In addition to the formation of a special council to coordinate projects, government-led environmental assessment procedures will be streamlined to safeguard marine biodiversity under the bill, GWEC said. The country’s EEZ could hold the potential to generate up to 552 GW of offshore wind power, Marine Insight reported, citing data from the Japan Wind Power Association. Japan aims to have 10 GW of offshore wind power projects by 2030 and up to 45 GW by 2040.
  • Fri 01:35
    US-based methane abatement and well-plugging firm has named an interim CEO following the departure of the company’s founder from the role.
  • Fri 01:13
    A Brazilian district court has suspended work on a potential REDD+ project after plaintiffs claimed it failed to secure free, prior, and informed consent (FPIC) from Indigenous communities, an allegation the would-be developer denied.

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