Latest Developments in Carbon Markets: CP Daily News Ticker for June 27-29, 2025

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CP Daily News Ticker: 27-29 June 2025

Published 01:01 on June 27, 2025 / Last updated at 01:01 on June 27, 2025 / Daily News Ticker

Welcome to the CP Daily News Ticker, a continuously updated list of our latest news as it unfolds throughout the day. This platform is now the home for our ‘Bite-sized updates from around the world,’ which were previously included in our CP Daily newsletter. Click on the colored labels to filter news by region or market.

### Updates from June 27, 2025

– **Google emissions rise 6% in 2024, carbon removal credit purchases surge 14-fold**
Google’s total greenhouse gas emissions increased by over 6% in 2024, while the tech giant’s portfolio of contracted carbon removal credits expanded 14 times compared to the previous year.

– **Spanish nature-based CDR developer announces 50-year partnership to capture 160,000 tCO2**
A nature-based carbon removal (CDR) project developer has entered a partnership with a real estate developer to restore 200 hectares in western Spain over the next 50 years, aiming to capture more than 160,000 tonnes of CO2.

– **CFTC: Producers reduce CCA and WCA holdings in favor of RGAs amid rising US Northeast temperatures**
Producers have decreased their holdings of California Carbon Allowances (CCA) and Washington Carbon Allowances (WCA), opting instead to increase their net length in Regional Greenhouse Gas Initiative (RGGI) Allowances (RGA) due to rising temperatures in the US Northeast.

– **California ARB approves provisional pathways for seven dairy digesters under LCFS**
The California Air Resources Board (ARB) has approved provisional pathways for seven dairy digesters by renewable natural gas and fuels company Aemetis. These approvals, effective from January 2025, will double the volume of LCFS credits generated by the digesters, with further projects planned.

– **California announces nearly $5 billion investment in road infrastructure and transit electrification**
California Governor Gavin Newsom announced an investment of nearly $5 billion aimed at enhancing transportation infrastructure, focusing on zero-emission vehicles (ZEV).

– **Audit reveals staffing shortages at DOE clean energy office pose risks to hydrogen hub program**
A federal audit has revealed that staffing challenges at the Department of Energy’s Office of Clean Energy Demonstrations (OCED) may be compromising the Regional Clean Hydrogen Hubs program’s effectiveness.

– **Para State in Brazil advances REDD+ system with community consultations**
The Para State Secretariat for Environment, Climate and Sustainability (Semas) is progressing towards establishing a jurisdictional REDD+ system (J-REDD+) by conducting consultations with Indigenous peoples and local communities on the benefits of the carbon market.

– **New Mexico Environmental Board to hold hearing on Clean Transportation Fuel Program**
The New Mexico Environmental Improvement Board (EIB) will hold a hearing on a proposed Clean Transportation Fuel Program, aiming for a 20% reduction in carbon intensity of transportation fuels by 2030, and 30% by 2040.

– **Phillips 66 supplies sustainable aviation fuel to British Airways**
US refiner Phillips 66 has begun providing British Airways with sustainable aviation fuel (SAF) for flights out of California, having delivered 5 million gallons from its renewable fuels facility.

– **European Commission set to permit limited imports of carbon credits for 2040 climate target**
The European Commission is expected to propose allowing limited imports of international carbon credits to help the EU achieve its 2040 climate target.

– **Survey reveals Canadians divided over environmental trade-offs for nation-building projects**
A recent survey indicates that Canadians are conflicted about a federal bill potentially allowing expedited project approvals at the expense of environmental protections.

– **California ARB votes to repeal zero-emissions locomotive regulation**
The California Air Resources Board (ARB) has unanimously voted to repeal its In-Use Locomotive Regulation, which aimed to eliminate diesel-powered locomotives in favor of zero-emission alternatives.

– **Brazil’s emissions trading system development hinges on regulatory clarity**
Experts highlighted that the progress of Brazil’s upcoming emissions trading system (ETS) will depend on clarifying the accounting treatment for carbon credits and the placement of its regulatory body.

– **LCFS credit prices surge 13% following program changes approval**
California’s Low Carbon Fuel Standard (LCFS) credit prices briefly surged by nearly 13% after the Office of Administrative Law approved program amendments, with new carbon intensity benchmarks set to take effect from July 1.

– **Verra updates biochar methodology in VCS Program**
Verra has announced a minor update to its biochar methodology, VM0044, aiming to align with the ICVCM’s Core Carbon Principles and include an investment analysis requirement to demonstrate additionality.

– **South Africa’s environment ministry considers increased public funding for conservation**
Following an internal review, South Africa’s environment ministry is contemplating allocating more public funds toward conservation and restoration efforts.

– **FERC approves gas pipeline development connected to Port Arthur and CP2 LNG terminals**
The US Federal Energy Regulatory Commission (FERC) has approved several orders to facilitate the development of gas pipelines and infrastructure related to the Port Arthur and CP2 LNG terminals.

– **California judge backs Attorney General’s use of private counsel for climate lawsuit**
A California judge ruled in favor of Attorney General Rob Bonta’s decision to hire a private law firm to assist with a significant climate lawsuit against the oil industry.

– **Planetary resumes carbon project at Hampton Roads Sanitation District**
Planetary has reinstalled its ocean alkalinity enhancement system in Norfolk, Virginia, marking the start of Phase 2 of its climate research trial.

– **Germany launches new petrol with significantly reduced CO2 emissions**
A service station in Germany has started selling “KlimaBenzin95,” a methanol-based synthetic fuel that emits 90% less CO2 than traditional petrol.

– **German NGOs propose plan for EU ETS2 implementation**
Fifteen German NGOs have proposed a five-point plan for the socially just and effective implementation of the new EU ETS2 for transport and heating fuels set for 2027.

– **EU carbon allowance prices rebound amid positive market sentiment**
EU carbon allowance prices have seen a modest rebound after hitting a low, buoyed by bullish traders and positive signals from the equity market.

– **Swedish Energy Agency invests in CCS at Filborna plant**
The Swedish Energy Agency is providing SEK 228 million (€20 million) to support carbon capture and storage (CCS) development at Oresundskraft’s Filborna plant, aiming for significant negative emissions potential.

– **Polish Parliament eases regulations for onshore wind farms**
New legislation has been passed in Poland to simplify the construction of onshore wind farms, reducing distance requirements while maintaining strict regulations near protected natural areas.

– **Nordic climate fund partners with clean cooking developer**
A Nordic climate funding initiative has signed an agreement to support a clean cooking developer in scaling its bioethanol solution.

– **EU proposes toll exemptions for zero-emission heavy-duty vehicles until 2031**
The European Commission is proposing to exempt zero-emission heavy-duty vehicles from road tolls until June 30, 2031, to incentivize investment in this sector.

– **Centrica in talks to acquire stake in UK’s Sizewell C nuclear project**
Centrica is in advanced negotiations to purchase a 15% stake in the Sizewell C nuclear power project, which is set to receive significant government investment.

– **UK commits to ‘one-in, one-out’ approach for CDR in ETS**
The UK government has confirmed its commitment to including high-quality carbon removals in its Emissions Trading Scheme (ETS) with a strict ‘one-in, one-out’ policy.

– **Pledge to Net Zero members achieve nearly 1 million tonnes cut in emissions**
Members of the Pledge to Net Zero partnership have collectively reduced corporate emissions by almost 1 million tonnes since 2019.

– **AI partnership to enhance sustainable energy transition**
AI company Univers is collaborating with Microsoft to leverage AI technology for improving energy efficiency in data centers.

– **UK government supports tree planting initiative**
The England Woodland Creation Offer (EWCO) has provided funding to landowners for planting trees, demonstrating the economic benefits of woodland creation.

– **Japanese firms test new technology for simultaneous production of electricity, hydrogen, and CO2**
A collaboration of Japanese companies is testing a novel technology that produces electricity, hydrogen, and CO2 from biomass, supported by a government grant.

– **Nordic countries advised to establish biodiversity market**
A climate non-profit has urged Nordic countries to create a regional biodiversity offsetting market to complement the EU’s nature credit scheme.

– **UNEP addresses nature insurance risk assessment gap**
A UN Environment Programme working group has released a report to fill gaps in nature-related assessments for insurance underwriting portfolios.

– **UN launches climate policy impact tool for developing countries**
The UNFCCC has introduced a new modeling interface aimed at assessing the impact of climate policy scenarios on developing nations.

– **Bank raises 2026 EUA price forecast**
Analysts have increased their 2026 European carbon allowance price forecasts by 5% due to tightening supply, though uncertainties remain regarding free allocation policies.

– **Brazil optimistic about funding for tropical forest facility after talks in London**
Brazil is hopeful about securing funding for a tropical forest preservation initiative following discussions with philanthropies in London.

– **Berlin tech company raises €10 million for emissions calculation automation**
Climatiq has secured €10 million in funding to enhance its emissions calculation automation capabilities and expand its scientific database.

– **EU extends toll exemptions for zero-emission vehicles**
The EU has proposed to prolong the exemption period for zero-emission heavy-duty vehicles from tolls until mid-2031.

– **Environmental markets should prioritize ecological connectivity**
Experts have suggested that environmental markets should focus on maintaining and restoring ecological connectivity amidst extensive infrastructure developments.

– **Biochar-infused asphalt pilot launched in Germany**
Novocarbo and Hansa Asphalt have initiated a pilot project for biochar-infused asphalt that not only stores carbon but also improves road performance.

– **Study finds zooplankton migration is crucial for CO2 storage**
Research indicates that the seasonal migration of zooplankton, such as krill, plays a significant role in CO2 storage in the Southern Ocean, although these patterns are threatened by climate change.

– **Australia initiates consultation on sea dumping for CCS**
Australia has commenced a public consultation regarding carbon capture and sequestration (CCS) via sea dumping, with draft guidance documents released.

– **Dutch project developer achieves higher-than-expected carbon credit sales**
A Dutch project developer has reported an average selling price of €22.28 for voluntary carbon credits in the primary market, exceeding initial estimates.

– **China’s carbon prices recover as liquidity improves**
Carbon prices in China’s national market have continued their recovery for the third week in a row, with trading volumes nearly doubling.

– **France calls for more time to debate EU’s 2040 climate goal**
French President Emmanuel Macron has urged for a thorough democratic debate regarding the EU’s climate target for 2040, advocating for a decoupling from current negotiations.

– **Australia’s NDC could lead to higher ACCU prices**
Analysis suggests that Australia’s next Nationally Determined Contribution (NDC) may necessitate faster declines in the Safeguard Mechanism baseline, potentially driving up Australian Carbon Credit Unit (ACCU) prices.

– **Singapore partners with Microsoft to reduce data center emissions**
Singapore-based Univers has collaborated with Microsoft to enhance energy efficiency in data centers through advanced AI and cloud technologies.

– **Australia enacts law to reduce home battery costs**
Australia has passed legislation aimed at decreasing the prices of home batteries, expanding eligibility under the Small-scale Renewable Energy Scheme.

– **Indonesian President claims net zero by 2060 ambition**
Indonesian President Prabowo Subianto has stated that the country aims to be among the first to achieve net zero emissions, despite an official target set for 2060.

– **Wesfarmers accelerates decarbonization with CEFC funding**
Wesfarmers will utilize a A$100 million funding commitment from the Clean Energy Finance Corporation to accelerate decarbonization efforts across its operations.

– **Queensland’s renewable energy planning reforms spark concerns**
Australia’s Clean Energy Council has expressed disappointment over Queensland’s parliament passing renewable energy reforms that could complicate and delay project approvals.

– **RepuTex ACCU price benchmark recognized as default price**
RepuTex’s Australian Carbon Credit Unit (ACCU) price benchmark has been designated as the “Default Prescribed Unit Price” by the Australian government.

– **California Carbon Allowances surpass $28 amid market recovery**
California Carbon Allowance (CCA) prices have risen above $28, reflecting improved market confidence and diminished federal risk fears.

– **Dutch Parliament votes to eliminate national CO2 levy**
The majority in the Dutch Parliament supported the repeal of a national CO2 levy on industry, which coexists with the EU ETS.

– **Colombia sees peak in Q1 2025 CO2 tax retirements**
Colombia has reported a multi-year peak in carbon offset retirements under its national CO2 tax, indicating a rebound in local demand.

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