23rd Carbon Credit Markets 2025 Week. 1st Argus Latin America Carbon Conference, EU Emissions, IFRS, 2025 State and Trends of Carbon Pricing + China, California, Quebec, Greenwashing Canada and more.
- Art Dam
- Jun 15
- 7 min read
Monday, 16 June 2025.
- Highlights of the Week 23 2025 from Carbon Credit Markets: The 1st Argus Latin America Carbon Conference, taking place in São Paulo on June 23-24, will bring together global leaders to discuss carbon pricing, removals, IRECs, carbon credit markets, and MRVs, while connecting Latin America to international markets and shaping discussions ahead of COP 30 in Brazil, as the European Commission advances its 2030 emissions target and the IFRS Foundation releases new materials on GHG disclosure requirements.
- Carbon Credits: The World Bank report reveals that carbon pricing reached $100 billion in 2024, with 80 operational instruments covering 28% of global emissions, while China faces a 30% drop in carbon prices but maintains long-term growth prospects, and California and Quebec record $26.15/ton in the latest cap-and-trade auction.
- Around the world: IFRS Foundation published jurisdictional profiles on ISSB adoption across 36 countries, while Canada’s Competition Bureau issued guidelines to combat greenwashing and enhance transparency in environmental claims.
- Opportunities: The UN seeks consultants in Santiago, Chile, for a technical study on the economic costs of wildfires in Latin America and the Caribbean, while the IFRS Foundation launches e-learning modules for ISSB standards, and Singapore faces challenges in preserving its green spaces amid urban development.
- Events: The Center for Climate and Energy Solutions will discuss the rollback of environmental policies in the U.S. at Climate Policy at a Crossroads (June 17), while GRI launches the XBRL Taxonomy for sustainability (June 23), the LATAM Carbon Conference accelerates carbon market growth in Latin America (June 23-24), and the IFRS Foundation holds its annual conference in London (June 23-24).
Let’s dive into the details.
HIGHLIGHTS OF THE WEEK
📢🌎 The Future of Carbon Being Discussion at the Argus Latin America Carbon Conference!
The 1st Argus Latin America Carbon Conference will take place in São Paulo on June 23 and 24, 2025, bringing together global leaders in the carbon market to strengthen Latin America's role and shape policies and strategies ahead of COP 30 in Brazil.
Agenda highlights include:
- Exclusive workshop on carbon pricing and supply/demand trends
- Carbon Removals
- IRECs (International Renewable Energy Certificates) and the Growth of Renewable Energy
- Carbon Credit Buyers and Markets
- MRVs (Measurement, Reporting, and Verification) and Project Development for blue carbon, ARR (Afforestation, Reforestation, and Revegetation), REDD (Reducing Emissions from Deforestation and Forest Degradation), agriculture and forestry potential
More than 100 key figures will be present – from government officials to private sector leaders, as well as project developers and certifiers – all focused on decarbonizing and connecting the region to international carbon markets.
📢 Don't miss out on this transformation! Register now. Those registered on our portal www.carboncreditmarkets.com will receive an email with a discount voucher for the event #ArgusCarbonConference
📢🇪🇺 With growth in renewables, new report shows that the European Union is moving towards the 2030 emissions target.
The European Commission has released a report assessing EU countries' climate and energy plans, indicating that the bloc is close to meeting its targets, including a 55% reduction in GHG emissions by 2030, compared to 1990 levels. Read it here.
📢🌍 Greenhouse gas emissions under IFRS S2.
IFRS Foundation publishes educational material on IFRS disclosure requirements. Details here.
CARBON CREDITS
🌏 State and Trends of Carbon Pricing 2025: World Bank Report Reveals Record $100 Billion in Carbon Pricing.
Launched at Innovate4Climate in Seville, Spain, the new World Bank report highlights that carbon pricing revenues exceeded $100 billion in 2024. More than half of this amount was directed to environmental, infrastructure and development projects, representing a slight increase from previous years. In addition, there are now 80 carbon pricing instruments in operation globally, an increase of five from the previous year.
The report also points out that 28% of global greenhouse gas emissions are covered by some form of carbon pricing, covering economies that represent almost two-thirds of global GDP.
Another highlight was the growth in demand for carbon credits in compliance markets, which almost tripled compared to last year, while growth in the voluntary market was minimal.
See also State and Trends of Carbon Pricing Dashboard which also includes information on cooperative initiatives under Article 6.2 of the Paris Agreement.
🇨🇳 China’s Carbon Price Drops More Than 30% in Six Months, but Long-Term Outlook Remains Positive.
According to experts, the recent drop in carbon prices in China was driven by reduced demand, expectations of increased supply and weakening market sentiment. However, in the long term, tighter policies, industrial upgrading and greater international integration could support a gradual recovery in prices.
In the past six months, the price of carbon emission allowances (CEA) has fallen by around 35%, reaching 68.48 yuan/tonne on June 11, compared to the all-time high of 105 yuan/tonne recorded in November 2024.
Main factors impacting the drop:
- Reduced demand from the power sector, especially coal-fired generation, which has seen a drop in production.
- Expected increase in supply with the expansion of the carbon market to industries such as steel, cement and aluminium, with no initial shortage of allowances for these sectors.
- Reactivation of the voluntary emission reduction market (CCER), introducing new methodologies that increase the availability of alternative carbon credits.
Experts say the drop does not jeopardize the long-term upward trend in carbon prices. Some factors supporting this forecast include:
- A gradual reduction in available quotas, in line with the country's carbon neutrality goals.
- The implementation of the European CBAM, which could boost domestic prices by bringing them closer to global markets.
- The need for higher prices to encourage technological transition in highly polluting sectors.
The recent inclusion of the carbon futures market in Chinese financial planning could offer greater stability to companies, allowing them to manage the risks of price volatility and enabling efficient transactions in the long term.
Original article in Chinese here.
Also remember one of last week's highlights, “Hourly carbon accounting. China accelerates its green renewable energy certification for industrial consumption”.
🇺🇸🇨🇦 California and Quebec release results of 43rd joint auction of cap-and-trade permits: $26.15/ton.
The 43rd joint auction of cap-and-trade permits between California and Quebec saw the sale of 43.86 million Current Vintage permits at a price of $25.87 per unit and 6.84 million Advance Vintage permits at $26.15 per unit.
The cap-and-trade program allows companies to purchase greenhouse gas emission permits, incentivizing the gradual reduction of emissions. California and Quebec conduct joint auctions, ensuring a regulated and transparent market.
AROUND THE WORLD
✏️ IFRS Publishes Profiles on Adoption of ISSB Standards in 36 Jurisdictions.
The IFRS Foundation has published an initial set of 17 jurisdictional profiles to enhance transparency in capital markets and highlight progress in adopting the ISSB standards.
Key points of the report:
- 36 jurisdictions have already adopted or are finalizing implementation of the ISSB standards.
- The profiles include information on alignment targets and sustainability disclosure requirements in each country.
- 14 jurisdictions are aiming for full adoption of the standards, 2 are focusing only on climate requirements, and 1 is seeking to incorporate them partially.
- In addition to the profiles, 16 snapshots have been published that provide an overview of regulatory approaches still under development.
This report aims to support the establishment of a global baseline for sustainability disclosure in financial markets.
The jurisdictions analyzed include Australia, Bangladesh, Brazil, Chile, Ghana, Hong Kong, Jordan, Kenya, Malaysia, Mexico, Nigeria, Pakistan, Sri Lanka, Taiwan, Tanzania, Turkey and Zambia.
Regarding the European Union, as it is still awaiting the outcome of the Omnibus process, which may impact the connection between ESRS and ISSB, it has not yet updated its interoperability approach with the ISSB Standards.
🇨🇦 Canada Publishes Final Guidelines for Companies to Comply with New Anti-Greenwashing Laws.
The Competition Bureau of Canada has published guidelines on environmental claims under the Competition Act, addressing sustainable marketing practices and preventing greenwashing.
Key points:
- Companies should ensure that their environmental claims are truthful and verifiable.
- Representations about the environmental benefits of products or businesses should be adequately tested and based on recognized methodologies.
- The Bureau stresses that vague, exaggerated or misleading claims may be considered deceptive marketing practices.
- The guidelines do not impose hard and fast rules, but provide guidance on best practices to avoid penalties and protect consumers.
For more details, you can check out the full document here.
OPPORTUNITIES
🇨🇱🌳 Consultants, United Nations Economic Affairs, based in Santiago, Chile. The consultancy will help develop a technical study to understand the economic costs of forest and agricultural fires in Latin America and the Caribbean, and propose an intervention framework supported by Nature-Based Solutions (NbS), aligned with previous ECLAC recommendations on climate resilient economy and sustainable development. Applications open from June 10 to 16.
📢💻 IFRS Foundation launches new e-learning modules to support the implementation of ISSB Standards. The new e-learning modules are accessible through the IFRS Sustainability Knowledge Hub to support companies in introducing and understanding the Standards issued by the ISSB – IFRS S1 and IFRS S2. Access.
🇸🇬🌳 Singapore’s struggle to save its green spaces from development. Despite sophisticated conservation strategies, vast resources and an engaged civil society, economic growth may come at the expense of the city’s natural environment. Nature Spotlight.
EVENTS
🇺🇸🖥️ June 17, Climate Policy at a Crossroads: Insights and Next Steps. On the rollback of environmental and clean energy policies, including measures to limit state and local climate action in the United States. By the Center for Climate and Energy Solutions.
🖥️🌍 June 23, Unlocking the Future of Sustainability Reporting: Launch of the GRI XBRL Taxonomy, online by GRI. This is a digital tool that facilitates the disclosure of sustainability data in an accessible and machine-readable format, aligned with XBRL. Registration here.
📍🇧🇷 June 23-24, LATAM Carbon Conference, Creating the roadmap for Latin America’s Carbon Market Growth, in São Paulo, Brazil. Trade event dedicated exclusively to carbon markets in Latin America, with the aim of bringing together global industry players to expand South America’s presence and support pre-COP policy discussions.
📍🇬🇧 June 23-24, 24th annual IFRS Foundation Conference, at the Leonardo Royal Hotel London Tower Bridge. Here is the full agenda.
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