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- Mon 00:01The UK has seen emissions from sectors covered by its ETS decline over the four years since the market was established, but “it is difficult to isolate the [market’s] contribution to this performance”, and efforts should be made to better understand the role of allowance prices in driving investment in low-carbon alternatives, according to a report by the British government's auditor.
- Sun 19:42No room at the inn - Brazil is facing growing international concern over whether it can ensure affordable, adequate accommodation for delegates at COP30, the crucial UN climate summit it will host in Belem this November. At intersessional climate talks earlier this month in Bonn, Politico reports the single dominant topic among diplomats wasn’t negotiations or climate finance, but worries about whether they would even have a place to stay. Belem, on the edge of the Amazon, was chosen to showcase the rainforest’s importance in fighting climate change. But the city has never hosted an event of this scale, and hotel rooms sold out quickly at soaring prices, sparking fears that low-income countries, small island states, Indigenous representatives, civil society groups, and even some wealthier delegations will struggle to attend. Options being considered include military barracks, converted schools, rented houses, and cruise ships. Even then, diplomats may need to share rooms, despite prices that have reportedly exceeded $1,000 per night. Some European delegations said they had not booked any rooms because of the uncertainty and high cost. Panama’s climate envoy publicly warned that COP30 risks becoming “the most inaccessible COP in recent memory”. Brazil’s COP30 organisers acknowledged the problem and promised action, committing to ensuring reasonable prices and cracking down on price gouging. Brazilian officials insist there will be enough beds (over 55,000 across nearly 30,000 rooms) for the expected 50,000+ attendees, though not necessarily individual rooms. The EU and other negotiators voiced concerns about the need for privacy and rest during intense negotiations, long commuting times from accommodation to the venue, local airport capacity, and the availability of medical services. Despite these challenges, Brazil said it is listening to countries’ worries and working to address them before November. But with time running short and prices still unclear, many remain sceptical that COP30 will be truly accessible for all participants.
- Sun 19:33Brazil’s remote state of Amapa holds the highest biomass density in the entire Amazon Basin, according to a new scientific study that calls for tougher protections on its vast, relatively unscathed forests to help curb climate change.
- Accounting action - The UK's Institute of Environmental Management and Assessment (IEMA) and the Carbon Accounting Alliance (CAA) have published a new framework outlining the skills and qualifications needed for carbon accountants. This move precedes the launch of the Carbon Accounting and Auditors Register, expected in late 2025, which will list qualified professionals capable of delivering and verifying greenhouse gas data and carbon footprints to a high standard. The competency framework, developed with input from IEMA members and carbon accounting stakeholders, sets out 15 competencies for Associate Carbon Accountants, 15 for Practitioners, and 17 for Principal Carbon Accountants. The initiative aims to address the rising demand for reliable, auditable carbon data as more businesses face mandatory reporting requirements. It also seeks to prevent greenwashing and build trust in net zero efforts by ensuring clarity over practitioners’ competence. IEMA noted that while many carbon accountants are skilled, there is currently no clear picture of overall competence in the field.
- Sun 18:30The Republic of the Congo has submitted a revised estimate of its forest-related greenhouse gas emissions, lowering its baseline for future results-based payments under the UN’s REDD+ framework to just under 31.7 million tonnes per year.
- Sun 17:27Czeching out - Czechia wants the EU’s new ETS for transport and building heating (ETS2) to be voluntary for member states, Finance Minister Zbynek Stanjura said. While scrapping the scheme entirely is unlikely, since some EU members plan to adopt it, Prague has won support from 17 states for reforms, including a price cap on allowances and trading adjustments. Stanjura called this just the first step, saying the Czech government will push for further relaxation. Without changes, households could face steep hikes in fuel and heating costs within 18 months, potentially tens of thousands of crowns annually. (Radio Prague International)
- Sun 17:16Financial constraints are preventing companies in the EU ETS from fully protecting themselves against volatile allowance prices, pushing up costs and distorting trading patterns, according to new research.
- Sun 16:59Burying wood waste from managed forests could remove almost 1 trillion tonnes of CO2 from the atmosphere by the end of the century, according to a new study.
- Experts assemble - Experts will meet in Exeter this week to advance plans for a “new carbon economy” that captures and stores more carbon than it emits. The New Carbon Economy Consortium (NCEC) will hold its annual meeting at the University of Exeter from June 29 to July 1. The consortium brings together universities, national laboratories, NGOs and industry partners to promote carbon capture and storage as a way to address past emissions and support climate goals. The consortium promotes three broad approaches:
- Engineered solutions (for example, technologies that capture CO2 from air and oceans and convert it into products such as concrete or fuels)
- Biological solutions (including ecosystem restoration, improved farming and forestry practices, and algae cultivation)
- Hybrid solutions (such as bioenergy with carbon capture, biochar production, and carbon-cultivating aquaculture)
- Sat 11:03Google’s total greenhouse gas emissions rose by more than 6% in 2024, while the tech giant’s portfolio of contracted carbon removal credits increased 14-fold year-on-year.
- Sat 00:39A developer of nature-based carbon removal (CDR) projects announced a partnership with a real estate developer to restore 200 hectares in western Spain for the next 50 years with expectations to capture over 160,000 tonnes of CO2.
- Sat 00:35Producers reduced their California Carbon Allowance (CCA) and Washington Carbon Allowance (WCA) holdings, and instead boosted RGGI Allowance (RGA) net length in light of increasing temperatures in the US Northeast earlier this week, latest figures from the Commodity Futures Trading Commission (CFTC) showed Friday.
- Sat 00:20Dairy digesters – California air regulator ARB has approved provisional pathways under the Low Carbon Fuel Standard (LCFS) for seven dairy digesters by renewable natural gas and fuels company, Aemetis. Approvals are effective as of Jan. 2025. The carbon intensities of the pathways range from -327 to -419, and the firm's chairman, Eric McAfee, said their approval will double the volume of LCFS credits generated by the digesters, starting with RNG production from Q1 2025. Further projects in the pipeline include the construction of new dairy digesters which are expected to generate 1 mln MMBtu of RNG annually, a CCS project capable of storing 1.4 MtCO2 per year, and a 78 mln gallon per year sustainable aviation fuel and renewable diesel plant.
- Fri 23:40California Governor Gavin Newsom (D) on Friday announced nearly $5 billion of investment in state transportation infrastructure, including projects to increase infrastructure for zero-emissions vehicles (ZEV).
- Fri 23:22A recent federal audit has found that staffing issues at the DOE’s Office of Clean Energy Demonstrations (OCED) could be negatively impacting the Regional Clean Hydrogen Hubs programme by making it more vulnerable to risks.
- A Step Forward – The Para State Secretariat for Environment, Climate and Sustainability (Semas) has taken another step towards establishing the Brazilian state's jurisdictional REDD+ system (J-REDD+). Semas is conducting a free, prior, and informed consent (FPIC) consultation with Indigenous peoples, quilombola communities, traditional communities and smallholder farmers in the Rio Iriri Extractive Reserve. According to the Secretariat, over three days of activities, the focus has been on helping the community understand what the carbon market is, how J-REDD+ credits are generated, and what benefits the system will bring.
- Fri 23:07Driving lower emissions – The New Mexico Environmental Improvement Board (EIB) has announced a rulemaking hearing to consider adopting a proposed Clean Transportation Fuel Program under Rule 20.2.92 NMAC. The hearing will begin on Sept. 22, and continue for as long as required to receive public and technical testimony. The proposed rule, submitted by the New Mexico Environment Department (NMED), aims to reduce the carbon intensity of transportation fuels by at least 20% by 2030 and 30% by 2040, relative to 2018 levels. The market-based programme would assign carbon intensity scores to fuels based on lifecycle GHG emissions and allow for trading of credits and deficits.
Soaring with SAF – US refiner Phillips 66 has begun supplying British Airways with sustainable aviation fuel (SAF) for flights out of California, delivering 5 mln gallons in recent months from its renewable fuels facility in Rodeo. The SAF has been shipped monthly to Los Angeles International Airport since December.
- Fri 23:04The European Commission is set to propose plans allowing for limited imports of international carbon credits to help the EU meet its upcoming 2040 climate target, according to a draft document seen by Bloomberg.
- Fri 22:00Members of California regulator ARB unanimously voted on Thursday to repeal its In-Use Locomotive Regulation, which sought to phase out the use of diesel-powered locomotives and promote zero-emissions technologies.
- Fri 21:55The development of Brazil's incoming emissions trading system (ETS) will hinge on clarifying the accounting treatment for carbon credits and where the compliance market's regulatory body will sit, experts said this week at a conference.
- Fri 21:12California’s Low Carbon Fuel Standard (LCFS) credit prices briefly raced almost 13% higher on Friday after the Office of Administrative Law (OAL) signed off programme amendments, with updated carbon intensity (CI) benchmarks set to apply to fuel transactions beginning July 1.
- Fri 20:03VM0044 update - Verra published Friday what it called a "minor" update to the biochar methodology in its VCS Program. The standard said VM0044 Biochar Utilization in Soil and Non-Soil Applications, v1.2 constitutes a minor revision to the previous version of the methodology. Updates included the addition of an investment analysis as a requirement to demonstrate additionality, intending to align with the ICVCM’s Core Carbon Principles (CCP) label, and references to the latest available versions of CDM and VCS tools. Verra said it continues to make progress on VM0044, which will result in version 2.0 of the methodology. The standard expects to open a public consultation on the revision by Q4 2025.
- Fri 19:56South Africa's environment ministry could allocate more public resources towards conservation and restoration programmes, following an internal spending review.
- Fri 18:06
Gas go-ahead - The US Federal Energy Regulatory Commission (FERC) approved several orders on Thursday facilitating the development of gas pipelines and infrastructure connected to the Port Arthur and CP2 LNG terminals along the Gulf Coast, E&E News reported. As part of the action, FERC issued a one-year waiver of Order 871, which had prevented construction during rehearing processes. FERC Chair Mark Christie stated the waiver addresses how the rule had been “misused” to delay projects and had become a barrier to construction.
- Fri 18:04
Private practice prevails - A California judge issued a preliminary ruling on Thursday in favour of the state’s Attorney General Rob Bonta, supporting his decision to hire the private law firm Lieff Cabraser Heimann & Bernstein to assist with a major climate lawsuit against the oil industry, E&E News reported. The ruling, from Sacramento County Superior Court Judge Shelleyanne Chang, rejected a lawsuit filed by the union representing state-employed attorneys, judges, and hearing officers, which challenged Bonta’s use of outside counsel. The case is ongoing, with a hearing scheduled for Friday.
Progress update - Planetary, a Canada-based ocean alkalinity enhancement (OAE) company, has reinstalled its OAE system at the Hampton Roads Sanitation District (HSRD) facility in Norfolk, Virginia, initiating Phase 2 of its climate research trial. The project, paused in 2024 for evaluation, will resume testing next week to confirm system functionality, with dosing of enhanced lime slurry expected to begin the week of July 8. Conducted in partnership with the University of Maryland Center for Environmental Science and HRSD, and supported by a National Oceanic and Atmospheric Administration (NOAA) grant, the trial will continue through mid-August under existing regulatory permits.
- Fri 17:43Clean petrol – A service station in Germany has reportedly started selling a new kind of petrol that emits 90% less CO2 than regular, fossil-based petrol. “KlimaBenzin95”, which has gone on sale in Kirchweyhe, is a drop-in, methanol-based synthetic fuel that caters to conventional cars, according to media reports. In this case, the methanol is a by-product of paper production. The downside? It costs €2,29 a litre, or €0.50 more than E10, which it matches on performance. Observers suggest however, that with the CO2 price on fuel set to rise, an exemption for a fuel like this could yet render it attractive. Unlike E85 in France, it does not require a car retrofit. (TopGear Nederland)
- Fri 17:28Fair ETS2 – Fifteen German social and environmental NGOs have put forward a five-point plan for how a new EU ETS2 for transport and heating fuels due in 2027 should be implemented in a socially just and effective way. The German government needs to start preparing now for higher fuel costs, the NGOs said. By June 30, EU member states are due to submit Social Climate Plans to benefit from an EU Social Climate Fund from 2026-32 fed by a portion of ETS2 revenues. The NGOs said it is “crucial” that the government also uses ETS2 revenues beyond the Social Climate Fund for socially just, climate protection measures, and ideally to permanently anchor protection programmes in the federal budget. (DNR)
- Fri 17:18EU carbon allowance prices rebounded modestly on Friday after falling to their lowest in nearly four weeks, trimming the weekly loss to 2.8% as the market found support from bullish-positioned traders and enjoying a tailwind from record equity index levels in the US, even as European gas continued to retreat amid easing supply constraints.
- Fri 17:10BECCS in Sweden – The Swedish Energy Agency is granting SEK228 mln (€20 mln) to carbon capture and storage (CCS) development at Oresundskraft’s combined heat and power (CHP) Filborna plant in Helsingborg. The agency sees growing potential for negative emissions through bioenergy with CCS (BECCS) as the fossil share in waste incineration decreases. Oresundkraft’s Innozhero project foresees the capture of about 200,000 tonnes of CO2 per year, half of which is estimated to be biogenic. The project has received €54 mln from the EU ETS-fed Innovation Fund. The Filborna plant will be one of the first waste-fired CHP plants where amine-based capture technology is used. In April, Oresundkraft and Ineos on behalf of Project Greensand signed an agreement to investigate the storage of up to 210,000 tonnes of CO2 annually from Sweden in the Danish part of the North Sea. (ENERGInyheter.se)
- Fri 16:49Polish wind – The Polish Parliament this week signed off on new legislation making it easier to build onshore wind farms. The new rules reduce the distance required between wind turbines and houses, while keeping permitting more restrictive for projects close to protected natural areas. The law also foresees incentives for municipalities and homeowners closest to new wind farms. The government said the legislation will help boost renewable energy output and lower electricity prices. However, the new law still needs to be approved by the Senate and signed off by the president – and both outgoing president Andrzej Duda and president-elect Karol Nawrocki have been skeptical about easing approvals for wind farms. Duda said on Wednesday the government was trying to force him to sign the law by including a last-minute amendment to freeze electricity prices until the end of the year. (Reuters)
- A Nordic climate funding initiative in Africa has signed an agreement to support a clean cooking developer scale its bioethanol solution, it announced this week.
- Fri 14:46Toll-free trucks – The European Commission is proposing to exempt zero-emission heavy-duty vehicles from road tolls and user charges until 2031, according to a statement published on Friday. This would extend the current exemption period from Dec. 31, 2025 to June 30, 2031 – a move the Commission said aims at providing incentives for companies to invest in zero-emission trucks. The proposed exemption period will be synchronised with the EU’s CO2 emission performance standards for new heavy-duty vehicles, which target a 43% reduction in emissions by 2030.
- Fri 14:43Nuclear talks - Centrica is in advanced talks to purchase 15% of the UK's Sizewell C nuclear power project, with a decision expected in coming weeks, say people familiar. Earlier this year the UK announced it would invest £14.2 bln to help build the Suffolk-based plant after years of delays, and further backing would support the government in its quest for low-carbon, baseload power supply. Others reportedly considering bidding for minority stakes include Brookfield Asset Management and pension manager Caisse de Dépôt et Placement du Québec. (Bloomberg)
- Fri 14:33The United Kingdom is committed to include permanent, high-quality carbon removals (CDR) into its Emissions Trading Scheme (ETS), a senior official confirmed, saying the government will initially follow a strict ‘one-in, one-out’ approach where each tonne of CO2 removed from the atmosphere is matched by a corresponding allowance withdrawn from the market.
- Fri 13:38Emissions drive - The members of Pledge to Net Zero - the environmental sector's climate partnership - have cut almost 1 mln tonnes of corporate emissions since joining forces in 2019. This year, 125 organisations of all sizes reported their performance, up from 110 in 2024 and 89 in 2023, stated the press release. Members include Port of London Authority, AECOM, and consultancy RSK. There was significant investment from members in electric vehicles and renewable energy, alongside supply chain decarbonisation. Scope 3 emissions continue to pose a challenge for many companies.
- Fri 13:23AI partners - AI company Univers is partnering with Microsoft on accelerating the sustainable energy transition through AI technology. The memorandum of understanding signed during London Climate Action Week will see the two explore enhancement of energy efficiency in data centers through the use of Microsoft AI Cloud capabilities, to strengthen Univers’ sustainability offerings. The partnership strives to improve cooling efficiency, renewables integration, and intelligent operations within data centres worldwide, stated the press release.
- Money in trees - A UK government scheme, England Woodland Creation Offer (EWCO), that helps landowners plant trees in England has revealed a case study where a 100-hectares of woodland will receive maintenance payments of £400 per hectare for 15 years after planting, totalling £614,800, on top of reaping benefits from selling credits certified by the UK Woodland Carbon Code. These maintenance payments help with the cost of tree replacement, weeding around the trees, and the management of open space within the woodland. For a project of this scale, up to 165,000 replacement trees might be needed in the first few years, EWCO said. The project has already received a payment of £426,800 for capital items needed to make the woodland happen. This covered the cost of buying trees and tree tubes, fencing, gates, and other essentials, which offsets most of the establishment costs for this woodland. The highest expenses were deer fencing, purchasing and planting a total of 550,000 trees. Overall, the more than 100 hectare woodland project will receive £1,206,300 (£11,800 per hectare) in EWCO grant payments over 15 years following initial capital work. In addition, over the first 35 years, the new woodland is likely to deliver over 30,000 carbon credits, or WCU.
- Fri 12:55A partnership of Japanese companies has begun demonstration testing for a new technology that produces electricity, hydrogen, and CO2 simultaneously via firing of biomass and have been selected for a grant programme from research and development agency the New Energy and Industrial Technology Development Organisation (NEDO).
- Fri 12:24A new modelling interface to gauge the impact of climate policy scenarios, such as carbon pricing, has been launched by the UNFCCC and the Katowice Committee of Experts (KCI), which aims to bring socioeconomic considerations to the fore when developing climate policy.
- Fri 12:21Analysts at a bank have raised their expectations for 2026 European carbon allowance prices by 5%, driven by tightening supply, but cautioned that there is still significant uncertainty around free allocation policy and ongoing trade conflicts.
- Fri 12:16A Brazil-led innovative financing model, designed to fight tropical deforestation, is said to be within reach following talks between government officials and philanthropies in London.
- Climactic raise - A Berlin-based tech company has raised €10 mln in a Series A funding round to enhance its AI-driven automation of emissions calculations, including Scope 3. Climatiq said that it will also invest in expanding its scientific database of emissions conversion factors across jurisdictions and economic sectors, as well as in growing its partner ecosystem. The company has integrated its technology with more than 200 business operation platforms, and delivered over 1 bln carbon calculations via its APIs in the last 12 months to global businesses, it claimed. Climatiq’s carbon calculation engine uses a dataset of over 200,000 emission conversion factors. The funding round was led by independent early-stage venture capital fund Alstin Capital, with participation from existing investors Singular and Cherry Ventures. (ESG Today)
- Fri 12:01For whom the exemption tolls - The EU Commission has proposed to extend the exemption period for zero-emission heavy-duty vehicles from road tolls and user charges until June 30, 2031. The executive said it recognised the upfront cost of these vehicles is currently higher than their conventional counterparts, making them less attractive to buyers. The proposed exemption period will be synchronised with the EU’s CO2 emission performance standards for new heavy-duty vehicles which target a 43% reduction in emissions by 2030.
- Biochar asphalt - Novocarbo and Hansa Asphalt have launched a pilot in northern Germany for a biochar-infused asphalt mix that stores carbon while enhancing road performance. Early findings show increased material efficiency, potential substitution of raw materials like fillers or bitumen, and durable carbon storage. About 75 kg of CO₂ equivalent is stored per tonne of asphalt, totaling 17.5 tonnes at the test site. The removals are certified by Novocarbo and verified independently, generating credits, with a commercial rollout planned for this autumn. (Biochar Today)
- Fri 11:17The seasonal migration of zooplankton such as krill plays a key role in storing CO2 in the Southern Ocean, though these dynamics are at risk of being disturbed by climate change, a new study has found.
- Fri 11:17Australia on Friday began a public consultation process for sea dumping carbon capture and sequestration (CCS), releasing draft guidance documents for domestic projects.
- Fri 11:14A Dutch project developer has sold voluntary credits at an average of €22.28 ($26), higher than originally estimated, it revealed Friday.
- Fri 11:00Prices in China's national carbon market continued their recovery for the third consecutive week, with trading volumes almost doubling from the previous week.
- Fri 10:49The EU needs time for a genuine democratic debate on the bloc’s next climate target for 2040, according to French President Emmanuel Macron, who has pleaded for decoupling the negotiations from the EU’s 2035 contribution to the UN due in September.
- Fri 09:09Getting to grips with Article 6 - The Climate Action Center of Excellence (CACE) and Emsurge are making the A6 Country Readiness Tracker free to access for carbon buyers, airlines, developers, Emstream clients, banks, government stakeholders, and climate investors. The decision, announced during London Climate Action Week, is intended to provide governments and investors with the information needed to make responsible decisions about the Article 6 market for international carbon trading. It will be free for eligible participants, but will carry a $5,000/year per location license for OECD-based firms not actively engaged in trading or implementation, said the press release.
- Fri 07:43Australia’s next Nationally Determined Contribution (NDC) will likely create the need for faster Safeguard Mechanism baseline decline rates, potentially leading to vastly higher Australian Carbon Credit Unit (ACCU) prices, according to analysis shared exclusively with Carbon Pulse.
- Fri 07:26Reducing data centre emissions - Singapore-based AI and IoT tech company Univers has partnered with Microsoft to accelerate energy transition using advanced AI and cloud technologies, the company said in statement. Announced at the London Climate Action Week, the partnership will integrate Univers’ EnOS Ark platform with Microsoft’s AI and data capabilities to help organisations track, manage, and reduce their energy consumption and carbon emissions - starting with energy-efficient data centres. As well, the initiative will aim to improve cooling efficiency, renewable energy integration, and intelligent operations within data centres worldwide.
- Fri 07:05Betting on batteries - Australia passed law Friday to ensure lower prices for home batteries, the Clean Energy Regulator announced. The Renewable Energy (Electricity) Amendment (Cheaper Home Batteries Program) Regulations 2025 expands existing regulations from 2001 and confirms solar batteries are eligible under the Small-scale Renewable Energy Scheme from Jul.1. Canberra’s A$2.3 bln ($1.5 bln) Cheaper Home Batteries Program aims to reduce the upfront costs by around 30%.
- Fri 05:48Net zero by 2060, first! - Indonesian President Prabowo Subianto claimed this week his nation will be one of the first to hit net zero, despite an official target of 2060 or 10 years after most nations. According to the President’s website, he made the promise via a videolink message to the inauguration of a renewable energy development as well as an oil block expansion boosting production by 30,000 barrels per day. He said the country was in a strong position to become "one of the first countries to achieve net zero emissions on time". Separately, an Indonesian energy think tank on Friday proposed five measures the government could take if it is serious about using the renewable energy potential of Central Java to generate hundreds of gigawatts of power. The Institute for Essential Services Reform (IESR) suggested Jakarta develop a green investment roadmap from now to 2035, establish a green investment unit as a ‘one-stop’ for investors, launch a Green Industrial Parks initiative in strategic areas, partner with financial institutions to explore green financing, and invest in green skills training. A separate report of this week found that Indonesia’s vast upstream coal sector is so profitable miners have little incentive to change or meet the eventual energy transition.
- Fri 05:03Renewable recharge - One of Australia’s large conglomerates that owns hardware and office supply stores and a large chemical arm will fast track decarbonisation via a A$100 mln ($66 mln) funding commitment from the Clean Energy Finance Corporation (CEFC), it announced. The funding will be used to install distributed energy resources (DER) across operations including rooftop solar, battery storage, energy efficiency initiatives, and an electric vehicle smart charging infrastructure pilot. Wesfarmers will also conduct a study to decarbonise its chemical arm. Wesfarmers said it expects to have installed or upgraded onsite renewables at its retail outlets by the end of the year. Visitors to hardware outlet Bunnings will also be able to use onsite EV chargers.
- Fri 02:52Disappointing - Australia’s Clean Energy Council (CEC) has expressed dismay at Queensland’s parliament passing renewable energy planning reforms without amendment, it said this week. The Social Impact and Community Benefit bill will add complexity and delay approvals for new grid-scale projects, according to the NGO. It will also put investment in the Sunshine State at risk, it said, even as it welcomed the plan to better consult with communities. The CEC said renewable investors are already hesitant to continue projects, which may ultimately delay the exit of coal. Earlier this year the state paused the approvals process for several large gigawatt-scale windfarms for several months over claims they failed to properly consult with local communities.
- Fri 02:02Getting recognised - Australian analysis firm RepuTex has had its Australian Carbon Credit Unit (ACCU) price benchmark recognised as the "Default Prescribed Unit Price" (DPUP) by the Australian government, it announced Friday. The recognition sets the standard price for prescribed carbon units under the Safeguard Mechanism. The DPUP is an average of prescribed carbon unit trades for a financial year, including ACCUs and Safeguard Mechanism Credits, and provides the market with a standard benchmark for calculating the cost of managing excess emissions - linked to an audited reference price, the firm said. RepuTex said interim estimates of the DPUP will be published by the government on a quarterly basis.
- Fri 01:31Benchmark California Carbon Allowance (CCA) prices rose above $28 amid fading fears of federal risks and bullish signals, while Washington Carbon Allowance (WCA) values recorded multi-year highs on constrained permit supply.
- Fri 01:19A majority in the Dutch Parliament has voted in favour of scrapping a national CO2 levy on industry that sits on top of the EU ETS – after the government only recently proposed to maintain it.
- The Q1 2025 results for carbon offsetting under Colombia’s national CO2 tax have this week been published, showing higher retirements that build upon recent rebounds in local demand after post-2022 lows.
