CP Daily Newsletter: Wednesday March 4, 2026

Published 02:28 on March 5, 2026 / Last updated at 02:28 on March 5, 2026 / / Newsletters

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TOP STORY

BRIEFING: Australia may need 102-250 mln ITMOs to achieve 2035 emissions reduction target -analysis

Australia may soon need to consider the use of Article 6 credits in order to meet its emissions reduction targets, according to analysis shared exclusively with Carbon Pulse.

DAILY NEWS TICKER

CP Daily News Ticker: 4 March 2026

The CP Daily News Ticker is a running list of all our news updated in real-time throughout the day. This is also the home to our ‘Bite-sized updates from around the world’, which previously featured in our CP Daily newsletter.

EMEA

Higher EU coal burn amid gas price surge could add 25 Mt to ETS power emissions through December

Following a surge in TTF natural gas prices as war in the Middle East has escalated, analysts have estimated that increased fuel-switching to coal-fired generation could add 25 million tonnes of emissions covered by the EU ETS across the final nine months of 2026.

EU sets the ball rolling for ‘lead markets’ in low-carbon products in new Industrial Accelerator Act

The European Commission unveiled its proposed Industrial Accelerator Act (IAA) on Wednesday, setting new obligations for member states to buy low-carbon and EU-made clean tech products, but leaving detailed requirements until later.

Euro Markets: EUAs give up Tuesday gains and test critical support level as energy prices drop

EU carbon prices fell for the first time this week on Wednesday to test a key support level amid a wider sell-off in energy markets after US President Donald Trump pledged to insure and escort vessels transiting the Strait of Hormuz, and reports emerged suggesting Iran is willing to discuss a ceasefire.

Italy, France criticise proposed EU decarbonisation fund, call for stable ETS prices

Italy and France criticised the European Commission’s proposed temporary fund to support exporters at risk of carbon leakage, calling it insufficient, and urged a revision of the EU carbon market to improve price stability and predictability, according to a joint statement on Tuesday.

New German heating law will raise GHG emissions gap by 20-32% -study

The Building Modernisation Act presented by the German government last week would lead to significantly higher greenhouse gas emissions from buildings – and therefore increase pressure on the future EU ETS2 price – a German non-profit said on Wednesday.

Switzerland issues new guidance on climate claims, tightening rules on “carbon neutral” labels

Swiss authorities have issued new guidance clarifying how companies may use climate-related claims such as “carbon neutral” in marketing and product information, in a move aimed at strengthening consumer protection and limiting greenwashing.

Prominent industry, financial groups urge EU to resist pressure to weaken ETS

Leading industry and financial organisations have put their names to a joint letter calling for the European Commission to respect the integrity of the EU Emissions Trading System (EU ETS), urging policymakers not to repeat “mistakes” made during the 2022 energy crisis.

CORSIA risks delaying aviation decarbonisation, advocacy group says ahead of EU ETS review

The UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) risks delaying real emissions cuts and weakening incentives for clean fuels, an advocacy group said in a briefing published ahead of the EU’s upcoming review of aviation rules under the bloc’s Emissions Trading System (ETS).

Moroccan forerunner NbS project registers with Verra

A Moroccan nature-based solutions (NbS) project last week registered with Verra, becoming the first large-scale NbS project in the Middle East and North Africa (MENA) region to achieve registration under a major carbon standard, the developer claims.

AMERICAS

BRIEFING: As SCOTUS narrows presidential tariff powers, legislative US carbon border proposals could serve as alternative

The US Supreme Court’s (SCOTUS) recent decision striking down President Donald Trump’s (R) use of emergency powers to impose sweeping tariffs has narrowed the executive branch’s unilateral trade authority and could increase interest from lawmakers to pursue statutory trade tools – including border carbon adjustments (BCAs).

Environmental groups, Washington challenge US DOE order keeping the state’s last coal plant past retirement

Environmental groups and Washington state filed separate Ninth Circuit petitions Tuesday, challenging a federal emergency order requiring the state’s last coal plant to remain available past its legally mandated retirement date.

California refiner warns of closure risk over carbon cost imbalance with importers

A major California refiner warned it may close its in-state operations if California regulator ARB does not equalise compliance costs between domestic producers and fuel importers under the cap-and-invest programme.

Policy updates weakening Canada’s carbon markets -report

Canada’s carbon pricing systems are reducing emissions, but several contain policies that put them at risk, according to a new report.

Canadian CCS developer adds to pipeline, geologic storage expertise through acquisition of CDR developer

A British Columbia-based developer plans to expand its carbon capture and storage (CCS) business in Western Canada via its acquisition of a carbon removal (CDR) developer based in Calgary.

US Gulf Coast state to consider polluters-pay lawsuit block

A Republican lawmaker would look to block polluters-pay lawsuits before they wash up on Louisiana’s shores.

Scientists find Alaska wildfires warm climate, while Canadian fires cool it

Wildfires in North America’s boreal forests have contrasting impacts on the climate depending on where they occur, with fires in Alaska contributing to warming while those in Canada tend to produce a cooling effect due largely to changes in snow reflectivity, according to a new study.

US Gulf Coast state issues third draft CO2 injection permit to project with multiple wells

The Louisiana Department of Conservation and Energy issued a draft Class VI Well Permit to a carbon capture and storage (CCS) project in the northern part of the state that would have multiple wells.

Brazil regulator sets biomethane certification, compliance targets under fuel law

Brazil’s oil and gas regulator has approved two resolutions establishing the certification system for biomethane and detailing how mandatory decarbonisation targets will be allocated among natural gas producers and importers.

Peru Indigenous J-REDD+ advances governance, benefit-sharing design

Peru’s Indigenous-led jurisdictional REDD+ (RIJ) programme has advanced key governance and carbon market design elements, as it deepens alignment with the TREES programme from the standard ART.

Bolivia kickstarts agricultural and livestock mitigation through regenerative programme

Bolivia has begun work on its previously absent Nationally Determined Contribution (NDC) mitigation pillar through a large-scale regenerative agriculture and livestock initiative that is laying the ground for extensive monitoring of soil carbon sequestration (SOC) projects, Carbon Pulse has learned.

ASIA PACIFIC

AU Market: ACCU price slips amid surge in SMC trading

Australia’s carbon price has retreated in recent weeks amid a flurry of Safeguard Mechanism Credit (SMC) trading following issuance by the Clean Energy Regulator.

Asian utilities lagging on emissions reductions, decarbonisation plans -report

Eight “systemically important” energy utilities in Asia are not doing enough to cut emissions, said a report by an investor group released on Thursday.

China’s Shenzhen releases allocation plan for regional ETS

China’s Shenzhen city has decided to cut free allocations under its regional Emissions Trading Scheme (ETS), while setting a range to ensure market stability.

Carbon standard to build India’s first digital marketplace for household-based clean energy projects

A standard has secured a local partners to establish what it claims to be India’s first digital carbon marketplace for household and livelihood-based clean energy projects.

VOLUNTARY

VCM MONTHLY DATA: Carbon credit retirements surge to highest level for 12 months but CORSIA prices tumble

End-user demand across the voluntary carbon market (VCM) was strong in February, with over 25 million credits retired, a level not seen for a year, while prices for those eligible to be used under the CORSIA international aviation offsetting scheme took a tumble as analysts noted that a steady stream of supply may finally be on the cards.

Global racing team buys almost 20k carbon removals

A global racing team has invested in about 18,900 tonnes of CO2e carbon removals across a number of pathways in a bid to reach its ‘race team control’ net zero target by 2030.

Internal carbon pricing can support investment decisions and risk management -report

Internal carbon pricing (ICP) can help companies manage transition risks, guide capital allocation, and strengthen financial resilience as carbon costs grow increasingly material, according to a report published Wednesday.

Carbon financier dismisses reports business has been put for sale

A large carbon financier is on the verge of owning its portfolio “outright” after recovering from a challenging period, dismissing reports it had been put up for sale.

CDR marketplace signs 40k offtake with aerospace company

A durable carbon removal (CDR) monitoring and purchasing platform has announced a multi-year deal with a US-based aerospace giant to source at least 40,000 CDR credits, building upon prior announcements in the aviation sector.

US firm launches identifier request system for VCM registries

A financial data provider has launched a mechanism allowing voluntary carbon market (VCM) registries to request unique identifiers for carbon credits with the aim to improve transparency and traceability across the market.

Automated sampling could make large-scale soil carbon measurements feasible -researchers

Large-scale soil carbon sampling using automated analysis systems could make measuring climate impacts from land management practices economically feasible, researchers said during a webinar on Tuesday.

INTERNATIONAL

COP31 needs to build on fossil fuel phaseout momentum, set stage for second Global Stocktake, think tank says

This year’s COP31 will play a crucial role in establishing a framework for the second Global Stocktake (GST2) in 2028, as well maintain momentum on climate action in a fracturing geopolitical landscape, a think tank said in a briefing published Tuesday.

Additionality rules risk excluding Indigenous stewardship from carbon markets, academics say

Carbon market rules designed to ensure environmental integrity could inadvertently exclude Indigenous land stewards from participating in nature-based carbon schemes, according to a new academic commentary.

Microplastics could reshape soil carbon storage and emissions, study finds

Microplastics accumulating in terrestrial soils could significantly alter how carbon is stored and released from land ecosystems, with implications for climate mitigation strategies and carbon accounting, according to new research.

AVIATION/SHIPPING

Over 85 companies urge adoption of global carbon price for shipping

More than 85 companies including shipowners, ports, and fuel producers have signed a joint statement calling on member states of the International Maritime Organization (IMO) to adopt the Net-Zero Framework this year, which sets out a global carbon price for shipping.

EU proposes using carbon market revenues to support shipping decarbonisation

The European Commission will use proceeds from the sale of 20 million EU Emissions Trading System (ETS) allowances under the Innovation Fund to finance maritime decarbonisation through 2030 and may consider creating a dedicated ETS mechanism for the sector, it announced Wednesday as part of a new maritime and ports strategy.

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EVENTS

Carbon Capture Europe Summit 2026: Mar. 11-12, Rotterdam – Carbon Capture Europe Summit 2026 (#CCES2026) is Europe’s leading event on carbon capture, utilisation, and storage (CCUS), taking place on 11-12 March 2026 in Rotterdam. The summit will gather over 600 senior executives and decision-makers from government, industry, and finance. The conference will explore how to scale Europe’s CCUS ecosystem by advancing regulatory frameworks, unlocking cross‑border CO2 transport and storage, commercialising capacity, and accelerating innovation in hard‑to-abate sectors. Across 2 days of expert-led strategic sessions, exhibition, and networking, CCES2026 provides the perfect opportunity to gain insights from industry leaders, forge partnerships, and connect with professionals across the CCUS value chain. Use code CCES10CP to register

North American Carbon World (NACW): Mar. 31-Apr. 2, San Diego – For more than 20 years, NACW has been the must-attend event for market participants looking to gain actionable insights into policy shifts and market trends, network with climate policy and business leaders, and grow and strengthen carbon markets with integrity and ambition. Hosted by the Climate Action Reserve, the 2026 conference will offer a critical forum for meaningful collaboration and timely discussions exploring market innovations in technology, the evolution of standards, the growing role of finance, and foundational topics such as permanence. Register here

Carbon Capture MENA Summit: Apr. 1-2, Dubai – The Carbon Capture MENA Summit 2026 (#CCMS2026), taking place in Dubai on 1–2 April 2026, is MENA’s leading CCUS event. Bringing together 500+ industry leaders and 80+ visionary speakers, the summit will focus on fit-for-purpose CCUS policies, decarbonisation applications, breakthrough innovations, carbon markets, and infrastructure development. Together, we’ll accelerate MENA’s leadership in scaling CCUS solutions and shaping a sustainable energy future. Join us to drive the next chapter of CCUS innovation and impact. Find out more

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