Key Developments in Carbon Markets and Climate Policy: June 20-22, 2025

### CP Daily News Ticker: June 20-22, 2025

Published: June 20, 2025, 01:01

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Introducing the CP Daily News Ticker, a continuously updated list of our latest news throughout the day. This platform also serves as the new home for our “Bite-sized updates from around the world,” previously featured in our CP Daily newsletter. Click on the colored labels to filter by region or market.

#### June 20, 2025

**00:43 EMEA**
German industry advocates for hydrogen in decarbonization
Major energy and industry trade associations in Germany called for the establishment of an EU Hydrogen Alliance this week, following remarks from the country’s largest arms manufacturer, which described e-fuels as “indispensable” for defense.

**00:38 Americas**
WCI Markets: CCAs rise amid tight supply
California Carbon Allowance (CCA) prices have increased by over 3% week-on-week due to a lack of immediate drivers, while Washington Carbon Allowances (WCAs) remain high, supported by ongoing supply-demand tightness, according to traders.

**00:36 Americas**
Brazil proposes climate finance roadmap
During the UN’s Subsidiary Bodies (SB) 62 in Bonn, Brazil presented a climate finance roadmap to the UNFCCC. Ambassador Tatiana Rosito highlighted three pillars for guiding contributions: reforming multilateral development banks, establishing national platforms to connect local projects with global investors, and introducing climate-related financial regulations. The final document is expected at the IMF/World Bank annual meetings in October.

**00:20 Americas**
California diesel sales rebound
California’s diesel sales saw a resurgence in March after hitting the lowest monthly consumption levels in over two decades the previous month.

**00:11 Americas**
US Supreme Court rules on California’s EV standards
The US Supreme Court ruled that a fuel industry group has the legal standing to challenge California’s Advanced Clean Car I (ACC I) standards, which aim to increase electric vehicle sales and reduce gasoline demand in the state.

**23:59 Americas Voluntary**
DevvStream expands portfolio
Carbon management firm DevvStream has entered into an agreement with Energy Efficient Technologies (EET) to incorporate EET’s building efficiency assets into its project portfolio, allowing DevvStream to generate revenue from EET’s carbon credits.

**23:55 Americas Voluntary**
New York announces community forest conservation grants
The New York Department of Environmental Conservation has allocated $1 million for expanding community-owned forests across the state.

**22:57 Americas**
US EV market share projections decline
A new report predicts that while a quarter of passenger vehicles sold this year will be plug-in EVs, the US will struggle to keep pace with market shifts as government support for EVs is being rolled back.

**21:51 Americas**
WCI increases Q3 auction volumes
In response to last month’s undersubscribed Q2 permit sale, California and Quebec have raised the number of allowances available for the joint WCI third quarterly permit sale in 2025.

**20:42 Americas**
California Attorney General faces lawsuit
California Attorney General Rob Bonta is being sued for hiring outside counsel for a high-profile climate lawsuit against major oil companies, with claims that this bypasses his own staff and violates state law.

**20:41 Americas**
Potential jeopardy for clean energy projects
A new analysis by Politico indicates that 794 clean energy projects in the US could be at risk if the GOP proceeds with its budget bill that would roll back incentives from the Inflation Reduction Act.

**20:40 Americas Voluntary**
Wisconsin county rejects carbon credit deal
Florence County in Wisconsin has declined a $6.4 million agreement with the non-profit Climate Trust to develop forest management credits, citing concerns about contract transparency and project uncertainty.

**20:39 Americas Voluntary**
Opposition to 45Q tax credit
Officials from seven US states have written to Congress opposing the 45Q tax credit subsidies for carbon capture and storage (CCS), urging lawmakers to exclude proposed federal overrides of state permitting authority from the reconciliation bill.

**19:40 EMEA Voluntary**
Critique of EU carbon removals certification
Campaigners have expressed concerns over the European Commission’s draft Carbon Removal and Carbon Farming (CRCF) certification methodologies, warning that they may facilitate greenwashing and undermine climate goals.

**17:21 EMEA**
EU carbon prices stabilize
European carbon prices rebounded after hitting two-week lows, settling back in the middle of their recent trading range as options hedging appeared to drive the market.

**17:10 EMEA**
Car manufacturer to assess biodiversity impact
An environmental service firm has developed a biodiversity impact indicator for a French car manufacturer to monitor biodiversity across 30 production sites.

**16:17 EMEA**
EU deforestation law faces challenges
The EU’s landmark deforestation regulation is facing renewed pressure as the European People’s Party and the far-right Identity and Democracy group attempt to reintroduce previously scrapped exemptions.

**16:08 EMEA**
Threats to biodiversity in EU nature credit pilot
An investigation by NGOs has revealed that an area in Estonia hosting an EU nature credit pilot project is facing deforestation threats.

**16:05 EMEA**
EU, Italy, and African nations collaborate
European Commission President Ursula Von der Leyen and Italian Prime Minister Giorgia Meloni reaffirmed partnerships with African authorities to promote sustainable growth, focusing on climate-resilient agriculture and renewable energy.

**15:54 Americas**
Brazil urges action at SB62
The Brazilian COP30 presidency emphasized the need for countries to implement existing climate commitments instead of engaging in more negotiations.

**15:32 EMEA**
Europe’s largest floating solar park inaugurated
The floating solar park ‘Les Ilots Blandin’ in France has been officially inaugurated, featuring over 135,000 photovoltaic modules with a capacity of 74.3 MWp, which will supply renewable electricity for 37,000 people annually.

**15:04 EMEA**
EU prepares new state aid rules
The European Commission is set to release a new state aid framework to support its Clean Industrial Deal initiative, responding to calls for flexibility from heavy industries regarding natural gas usage.

**14:54 Asia Pacific Voluntary**
UNDP supports Mongolia’s carbon market readiness
Mongolia and the UNDP have launched a project to prepare the country for participation in international carbon markets, with backing from the Green Climate Fund.

**14:37 EMEA Voluntary**
G20 bioeconomy initiative advances in South Africa
South Africa’s G20 presidency is leading a program to enhance financing for the bioeconomy, exploring nature credits as part of the initiative.

**14:24 EMEA**
Spain’s role in EU energy policy under scrutiny
Reports indicate that Spain’s EU Commissioner, Teresa Ribera, has been involved in efforts that may weaken the EU’s plan to phase out Russian gas, raising questions about her influence in energy policy.

**14:11 EMEA International**
Howden releases Climate Insurability Framework
Insurance brokers Howden have introduced a framework to guide the green transition across risk modeling, management, and policy, while drawing lessons from historical insurability crises.

**13:32 Americas Asia Pacific EMEA International**
IEA: LNG supply chain emissions could be drastically reduced
The International Energy Agency stated that emissions from the global LNG supply chain could be cut by 60% using existing technologies.

**13:07 EMEA**
European steelmaker halts hydrogen plant plans
A major European steelmaker has withdrawn from two decarbonization projects in Germany due to high energy costs and policy uncertainty.

**12:57 EMEA**
Apollo to provide financing for UK nuclear project
US private equity firm Apollo is set to offer £4.5 billion in debt financing for the Hinkley Point C nuclear power station in the UK.

**12:50 Asia Pacific**
Hindustan Petroleum plans biogas investments
India’s Hindustan Petroleum plans to invest ₹20 billion to establish 24 compressed biogas plants, supporting the country’s goal of increasing biogas in its energy mix.

**12:38 Asia Pacific CN Markets**
China’s carbon market remains stable
Permit prices in China’s national CO2 emissions market have remained stable, with domestically issued offsets holding a price premium due to limited supply.

**12:32 Americas Asia Pacific EMEA International Voluntary**
Coalition nearing first ARR carbon offtake agreements
A US-based carbon removal buyers coalition is close to announcing its first afforestation, reforestation, and revegetation offtake agreements.

**12:21 EMEA International**
EU debate on Article 6 can influence UN processes
Discussions regarding international credits under EU’s upcoming 2040 climate target could encourage the UN to strengthen oversight and project quality.

**11:37 EMEA Voluntary**
EU Commission announces withdrawal of Green Claims Directive
The European Commission has announced plans to withdraw the EU’s Green Claims Directive proposal.

**11:08 International**
Concerns over fossil fuel lobbyists at UN climate summits
There are increasing worries about the influence of fossil fuel lobbyists at UN climate conferences.

**10:39 International**
Escalating climate misinformation identified
A new report from the International Panel on the Information Environment highlights that climate misinformation is obstructing efforts to tackle climate change.

**10:37 EMEA**
Greece’s battery storage goals face regulatory issues
Greece’s ambitions to install over 5 GW of battery energy storage systems by 2030 may be delayed due to regulatory hurdles.

**10:33 EMEA Voluntary**
Biased media coverage of Tanzania carbon project
The Dutch Press Council found that media coverage of a carbon project in Tanzania was biased, despite no significant factual inaccuracies.

**10:17 Asia Pacific Voluntary**
Jera and Kawasaki Heavy Industries collaborate on CCUS
Jera and Kawasaki Heavy Industries have signed an MoU to study building a CCUS value chain at a coal-fired power plant in Japan.

**10:16 Asia Pacific Voluntary**
Singapore backs ICVCM-aligned credits
Singapore has released a draft guide recommending that companies align with international meta-standards for voluntary carbon credits.

**10:11 Asia Pacific**
Shanghai finalizes ETS allocation plan for 2025
The Shanghai government has completed the allowance allocation plan for its municipal emissions trading market.

**10:10 EMEA**
Africa could save trillions through renewable transition
Analysis indicates that Africa could save between $3 trillion and $5 trillion by transitioning to a fully renewable energy system by 2050.

**10:07 EMEA**
Ireland’s Moneypoint Power Station ceases coal operations
Ireland’s Electricity Supply Board has officially ended coal-fired operations at the Moneypoint Power Station.

**07:39 Asia Pacific**
CSIRO develops efficient hydrogen-making process
Australia’s CSIRO has unveiled a new, more energy-efficient process for producing green hydrogen.

**07:08 EMEA**
EU launches Citizens Energy Package
The European Commission has initiated a Citizens Energy Package to empower consumers during the energy transition.

**06:46 EMEA**
EU ETS aviation regulations updated
The European Commission has published updated rules for verifying emissions data from airlines under the EU ETS.

**06:43 Asia Pacific EMEA**
Caspian subsea power cable project announced
Kazakhstan and Azerbaijan are collaborating on a high-voltage subsea transmission line to export clean energy to Europe.

**01:00 Americas**
Quebec scales back emissions reduction projections
Quebec’s government has revised its emissions reduction projections due to external factors and changes in national policy.

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