25th Week Carbon Credit Markets 2025. Pricing, UN, OECD, WB, IETA, GRI reinforce global actions, while Brazil, UK, Singapore, Kenya, Norway, China, USA, Japan advance coalitions, events and new tools
- Art Dam
- Jun 29
- 7 min read
Monday, 30 June 2025.
- Highlights of the Week 25 2025 from Carbon Credit Markets: The UN launches a carbon pricing tool; Brazil will create a management body for its regulated market; the World Bank resumed financing nuclear energy; and the Argus Conference highlighted Latin America's leading role in the climate agenda.
- Carbon Credits: During London Climate Action Week, the UK, Singapore and Kenya launched a coalition to promote high-integrity carbon credits, with the goal of mobilizing US$250 billion by 2050. The OECD reinforced the role of governments in ensuring quality standards and preventing greenwashing. Norway updated its NDC for 2035, foreseeing international cooperation under Article 6 of the Paris Agreement.
- Around the world: IETA report shows that countries such as Brazil, China and the US are already responding to the EU's CBAM, with their own measures and seeking interoperability. At the same time, GRI launched new climate and energy reporting standards, requiring more transparency from companies about targets, social impacts and energy use.
- Opportunities: Event in Brazil opens registration for papers that highlight the potential of the carbon market for the forestry sector. McKinsey points to billion-dollar gains from circularity in construction. CFA launches certificate on climate risk and investments.
- Events: The 3rd Brazil Climate and Carbon Conference takes place in São Paulo (July 22–23), discussing the SBCE and opportunities from COP30. In Curitiba, the 1st GHG Inventory Conference focuses on scopes, AI and carbon markets (July 24). Japan hosts the ISAP 2025 international forum on sustainability in Asia-Pacific (July 29).
Let’s dive into the details.
HIGHLIGHTS OF THE WEEK
🇺🇳With a focus on carbon pricing, a new UN tool supports countries in formulating climate policies.
UN Climate Change has launched the CPIA-GEM tool, which allows the simulation of climate policies such as emissions targets, assessing their economic and environmental impacts. By including instruments such as carbon pricing, the tool helps to internalize the costs of greenhouse gas emissions and guide decisions that promote sustainable development and the transition to a low-carbon economy. Access it here.
🇧🇷 Imminent creation of the provisional management body for the Brazilian regulated carbon market.
The Brazilian government will launch the regulated carbon market plan in July 2025, with the creation of a provisional secretariat to manage the system until Congress approves a regulatory agency. The model will cover large emitters and allow the use of high-integrity carbon credits, with a focus on attracting investment and strengthening Brazil's climate leadership. Watch.
🏛️☢ World Bank Resumes Financing for Nuclear Power Projects.
The World Bank has ended its historic ban on financing nuclear power projects, now allowing support for existing reactors, small modular reactors (SMRs) and improvements to electrical infrastructure. The decision aims to expand access to clean, reliable energy in developing countries, in the face of growing global demand for electricity. Read the press release.
🇧🇷🚜Mandatory Georeferencing for Rural Property Owners in Brazil Starting in November 2025.
The Georeferencing certificate will become mandatory for all rural properties in Brazil. This is an essential step for land regularization and appreciation of rural properties, in addition to providing greater legal security in transactions. Here are the campaign materials from the Real Estate Registry offices, reinforcing the importance of meeting the deadline: November 20, 2025.
🌎About the Argus Latin America Carbon Conference 2025.
The Argus Latin America Carbon Conference, held in June 2025 in São Paulo, Brazil, brought together experts and business leaders to discuss the direction of the carbon market in the region. On the first day, the oversupply in the voluntary market, the need for credit integrity and standardization, and the role of solutions such as ERW and CCS, with a focus on Brazil's potential, were discussed. On the second day, companies such as Vale and Ambev presented their decarbonization strategies, while panels explored the role of the financial sector, the use of agricultural and industrial technologies to generate credits, and the regulatory challenges to integrate Brazil into global markets. The conference reinforced the region's leading role in the climate agenda, despite institutional and legal obstacles. Here are details from the first and second days of the event.
CARBON CREDITS
🌏 With a potential of US$250 billion, a coalition of countries wants to transform carbon credits into a driver of climate transition.
During London Climate Action Week, the United Kingdom, Singapore and Kenya launched the Coalition to Grow Carbon Markets, an international alliance to promote the use of high-integrity carbon credits as a climate finance tool.
The initiative seeks to mobilize up to US$250 billion by 2050, with a focus on supporting developing countries in the transition to low-carbon economies. By COP30 in Brazil, the coalition intends to establish common principles for the responsible use of carbon credits. France, Panama and Peru have already expressed support, and the expectation is to increase the adhesion of issuing and purchasing countries. Read more here.
VCMI is an independent non-profit organization headquartered at Rockefeller Philanthropy Advisors. VCMI was announced by then COP26 President-designate Alok Sharma on March 31, 2021, and has received funding from the Children’s Investment Fund Foundation, Ballmer Group, Bezos Earth Fund, Google LLC, Packard Foundation, and the UK Department for Business, Energy and Industrial Strategy (BEIS).
🌏 Governments should lead on carbon credit quality standards, says OECD.
Published in June 2025, the new OECD Environment Working Papers No. 263 “Exploring governments’ efforts to shape carbon credit markets: Possible actions to enhance integrity” (Wetterberg, K., E. Lanzi and N. Gomez) examines how governments can strengthen their role in carbon credit markets to ensure greater environmental integrity.
After a decade of retrenchment in state involvement, the study highlights that governments have a key role to play in promoting more ambitious quality standards, harmonizing rules and guiding the responsible use of credits.
The OECD also suggests that countries take advantage of the mechanisms of Article 6 of the Paris Agreement to support the integrity and transparency of these markets. The aim is to prevent practices such as greenwashing and ensure that credits actually contribute to climate change mitigation.
Read and access the report from OECD Publishing, Paris, here.
🇳🇴 Norway, new NDC. See what the position was regarding voluntary cooperation under Article 6.
“Norway plans to fulfil the NDC for 2035 through domestic measures and in cooperation with the European Union in accordance with Article 6 of the Paris Agreement. If deemed necessary, achievement of the target can be supported by ITMOs acquired outside the
European Economic Area (EEA).
Norway has established a program for voluntary cooperation with developing countries under Article 6.” Norway NDC 2035.
Regarding voluntary cooperation, it is also worth reading the Government's Norwegian Global Emission Reduction Initiative (NOGER) portal.
It is important to keep in mind that, contrary to popular belief, Norway is not part of the European Union, and it is also a significant exporter of fossil fuels.
AROUND THE WORLD
🇪🇺CBAM accelerates global response: IETA maps 13 countries’ responses to EU carbon adjustment.
The International Emissions Trading Association (IETA) report, published in June 2025, analyses global responses to the European Union’s Carbon Border Adjustment Mechanism (CBAM) as the instrument approaches its full implementation in 2026. The study provides a detailed overview of the political and trade responses of 13 key economies, including Brazil, China, the US, India and the UK.
The report highlights:
* Increasing adoption of CBAM-like measures in other countries;
* Partial recognition of foreign carbon prices by the EU as a possible path to interoperability;
* Geopolitical and trade impacts of CBAM, especially on carbon-intensive sectors such as steel, aluminium and fertilisers.
IETA argues that CBAM can become a catalyst for global harmonisation of carbon prices, provided it is implemented with transparency, predictability and international dialogue.
Read the official summary on the IETA website, remembering that a few days ago we published “How Countries Around the World are Reacting to the European Union’s CBAM.”
🌦️ GRI launches new climate and energy reporting standards.
The Global Reporting Initiative (GRI) has officially launched the new reporting standards GRI 102: Climate Change and GRI 103: Energy, with the aim of strengthening transparency and corporate accountability in the face of the climate crisis. Announced during London Climate Action Week, the updated standards align with international frameworks such as the GHG Protocol, IFRS S2 (from the ISSB) and the European Sustainability Reporting Standards (ESRS).
GRI 102 requires companies to disclose science-based targets, climate transition plans and social impacts of decarbonization — including effects on workers, local communities and indigenous peoples. GRI 103 focuses on energy impacts, requiring information on consumption, efficiency, renewable sources and energy reduction strategies.
These new standards aim to facilitate interoperability between different regulatory requirements and meet the growing demand from investors, regulators and society for consistent, comparable and decision-useful climate reporting. Access the new standards here.
OPPORTUNITIES
📝🇧🇷 Carbon market: benefits for the forestry sector - V Symposium on Forest Sciences of Espírito Santo, Brazil. Submission of papers and publication in the event proceedings. Details at the bottom of the registration portal. Until July 31st.
🌍📢 How Circularity can Make the Built Environment More Sustainable. That's the name of a new McKinsey publication. Minimizing waste and maximizing utility could add $360 billion in net value gains by 2050. Read it.
🌍🏅 Climate Risk, Valuation, and Investing Certificate pela CFA. Details here.
EVENTS
🇧🇷📍July 22nd and 23rd, 3rd edition of the Brazil Climate and Carbon Conference, by the Brazil NBS Alliance, in São Paulo. Meeting to foster dialogue, align strategies and unlock solutions regarding the regulation of the Brazilian Emissions Trading System (SBCE) and the opportunities brought by the COP 30 in Brazil. Stay tuned.
🇧🇷📍July 24, 1st Brazilian Conference on Greenhouse Gas Inventory, in Curitiba, Brazil. Addressing GHG inventory – Scopes 1 and 3, software and artificial intelligence applied to climate management, decarbonization and offset strategies, regulation, carbon market and SBTi targets, connections with the COP30 agenda. By Sinergia Engenharia and Ingee Inovação Sustentável. Registration here.
🇯🇵📍🖥️ July 29, ISAP 2025 - International Forum for Sustainable Asia and the Pacific. Hybrid event of the Institute for Global Environmental Strategies with support from the Government of Japan. Details here.
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