cCarbon Daily Digest

FEATURE

Cap-and-Trade

Canada Pension Plan Investments Withdraws Net-Zero 2050 Target Amid Legal and Industry Shifts

Canada Pension Plan Investments (CPPI) has dropped its net-zero by 2050 carbon emissions target, citing recent Canadian legal changes requiring stricter substantiation of environmental claims.

Canada's Inflation Slows to 1.7% in April Amid Carbon Tax Removal, Core Inflation Remains Elevated

Canada’s inflation rate fell to 1.7% in April, mainly due to lower energy prices following the federal carbon tax removal and a drop in crude oil prices. However, core inflation rose above 3%, driven by higher grocery and auto prices, exceeding the Bank of Canada’s 2% target.

Australia’s Solar Sunshot Program Funds \$46 Million to Scale Innovative Maverick Solar Technology

Australia’s $1 billion Solar Sunshot program has awarded $46 million to solar technology company 5B to scale up production of its innovative Maverick solar photovoltaic (PV) units.

Australia Launches Cheaper Home Batteries Program to Boost Solar Storage Adoption

Australia’s new Cheaper Home Batteries Program will offer households and small businesses up to a 30% discount on battery installation costs from July 2025, aiming to boost battery uptake alongside rooftop solar.

Carbon Offsets

Microsoft Secures Long-Term Carbon Credit Deal with Climate Asset Management’s U.S. Forestry Project

Microsoft has secured a long-term agreement to purchase up to 700,000 nature-based carbon credits through 2035 from Climate Asset Management’s (CAM) forestry project in Washington State's Olympic Peninsula. The project, managed by EFM, aims to generate over one million tonnes of carbon removals over the next decade.

Ghana E-Bike Maker Approved to Sell CO2 Credits to Switzerland

Ghana's Wahu Mobility has been approved to sell carbon credits to Switzerland, enabling the Swiss KliK Foundation to offset emissions through Wahu's electric bike project in Ghana.

Alt Carbon Raises $12 Million Seed Round to Scale Carbon Removal (CDR) in the Global South

Alt Carbon, an Indian climate-tech startup, has secured a $12 million seed funding round—the largest for a climate tech company in India—to scale its carbon dioxide removal (CDR) operations using Enhanced Rock Weathering (ERW) techniques across the Global South.

Sustainable Fuels

Trump’s Transportation Secretary Sean P. Duffy Announces Key Step Towards Building Cars in America Again

U.S. Transportation Secretary Sean P. Duffy announced the National Highway Traffic Safety Administration recently submitted the interpretive rule, “Resetting the Corporate Average Fuel Economy Program (CAFE),” to the Office of Information and Regulatory Affairs for review.

DEWA Discusses Clean Energy Co-operation With German Companies

DEWA CEO HE Saeed Al Tayer met a German delegation under Germany’s Energy Export Initiative to discuss collaboration on green hydrogen and clean energy. The delegation visited DEWA facilities, including the 7,260MW Mohammed bin Rashid Al Maktoum Solar Park, which currently supplies 21% of Dubai’s energy mix.

Neste Starts to Supply Sustainable Aviation Fuel to FedEx at Los Angeles International Airport, Marking The First Major U.S. SAF Deployment by FedEx

Neste and FedEx have agreed on the supply of 8,800 metric tons (more than three million gallons) of blended Neste MY Sustainable Aviation Fuel™ to FedEx at Los Angeles International Airport (LAX). It is the largest SAF purchase by a U.S. cargo airline at LAX to-date.

Ceres MW Scale Electrolyser Project Produces First Hydrogen

Ceres Power has begun hydrogen production at India’s first megawatt-scale solid oxide electrolyser cell (SOEC) demonstrator at Shell’s Technology Centre in Bangalore. The system can produce up to 600 kg of hydrogen per day with an efficiency of 37 kWh/kg H₂, marking a key step toward scalable, low-cost hydrogen for industrial use.