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CARBON REMOVAL DAY
Coalition launched to mobilise C$100 mln for Canadian CDR by 2030
A new demand-side coalition was launched on Thursday aiming to mobilise C$100 million ($73.2 mln) in funding for Canadian carbon removal (CDR) projects by 2030 through credit purchases, investment, and project finance.
BRIEFING: Canadian CDR could boost GDP C$80 bln by 2050, rival country’s largest manufacturing industries
The carbon removal (CDR) sector could boost Canada’s GDP by nearly C$80 billion ($58.5 bln) by 2050, according to a new report by a CDR lobby group which recommended the northern country implement loan guarantees ensure the sector delivers.
Strategic CDR reserve could unlock oil industry-scale financing in “massive industry of the future”, says startup founder
Countries could seize a “golden opportunity” by establishing a government-backed strategic reserve to guarantee long-term demand for CO2 removal credits and unlock financing for large-scale projects in the “massive industry of the future”.
Governments split on how to make carbon removal bankable, experts say
Governments in Canada, the UK, and the US are pursuing markedly different policy approaches to scaling CO2 removal (CDR), with diverging frameworks for financing projects and long-term revenue certainty emerging as the sector seeks to move from pilot activity to commercial deployment.
Critical minerals critical to Canada’s defence, but supply chains must remain ethical, panellists warn
Canada’s critical minerals sector has the potential to transform into a removal vehicle, but must ensure that supply chains remain ethical, a group of experts warned on Thursday.
DAILY NEWS TICKER
CP Daily News Ticker: 5 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
EU gives final approval to 2040 climate target
European Union countries on Thursday gave final approval to a new 2040 climate target requiring the bloc to cut net greenhouse gas emissions by 90%, compared with 1990 levels.
European lawmakers caution against amending Commission’s EU ETS2 MSR proposal
Members of the European Parliament cautioned against adding further flexibilities to the Commission’s proposed Market Stability Reserve (MSR) amendment for the Emissions Trading System for heating and transport (ETS2), saying it could eliminate the price signal and weaken the climate policy.
Member states’ EU ETS revenue reporting “unsatisfactory”, says senior Commission official
A senior European Commission official has said EU member states are not transparent about how they spend revenues from the Emissions Trading System (ETS) and that their reporting is often insufficient and sometimes misguided.
European Commission to revisit including metals sector indirect emissions in EU CBAM from 2027
A senior European Commission official has said that the executive plans to revisit the debate on including indirect emissions for the metals sector in its Carbon Border Adjustment Mechanism (CBAM) in 2027.
Euro Markets: EUAs edge lower, repeatedly test key support as energy prices resume rally
EU carbon prices ended the day slightly weaker on Thursday after clawing back an early decline of 1.6%, while energy markets resumed their climb after a midweek sell-off as the conflict in the Persian Gulf extended into its sixth day.
EU approves €200 mln Spanish state aid scheme to boost EV supply chain manufacturing
The European Commission announced Thursday it has approved a €200 million Spanish state aid scheme to support investments adding manufacturing capacity across the electric vehicle (EV) value chain, in line with the objectives of the EU’s Clean Industrial Deal.
Development bank sets goal to deliver €150 bln of climate finance by 2030
A European development bank is aiming to channel a minimum of €150 billion in cumulative green finance over the next five years, it said on Wednesday.
African climate pledges face implementation gaps as finance, MRV systems lag -report
African countries are strengthening governance frameworks for implementing their nationally determined contributions (NDCs), but weak measurement, reporting, and verification (MRV) systems and limited access to climate finance continue to slow progress, a new study has found.
Development banks warned of potential climate litigation over fossil fuel finance
A coalition of civil society groups has put several of the world’s largest development banks on notice over their continued financing of fossil fuel projects, warning that the institutions and their government shareholders could be violating international law.
Just 32% of forest carbon developers access private finance before certification -report
Developers working on community-led forest carbon projects face challenges in accessing early-stage funding due to a declining availability of flexible grants and a lack of private finance pre-certification, a report has suggested.
AMERICAS
Canada, Australia ink clean energy partnership focusing on investment, trade, and supply chains
Canada and Australia have formed a clean energy partnership with a focus on trade, investment, and supply chains, as part of a state visit to Canberra on Thursday.
BRIEFING: Canadian CDR could boost GDP C$80 bln by 2050, rival country’s largest manufacturing industries
The carbon removal (CDR) sector could boost Canada’s GDP by nearly C$80 billion ($58.5 bln) by 2050, according to a new report by a CDR lobby group which recommended the northern country implement loan guarantees ensure the sector delivers.
WCI Markets: CCA prices slip to multi-month low in wake of Q1 auction
California Carbon Allowance (CCA) futures hit multi-month lows before recovering to end the week flat, as most traders said they saw little reason prices would elevate soon much above current levels hovering over the price floor.
Alberta weighs CDR labels for TIER credits, tightens benchmark rules
Alberta is considering labels to distinguish carbon removal (CDR) from reduction credits in its Technology Innovation and Emissions Reduction (TIER) regulation, while also tightening benchmark accounting rules for low- and zero-emitting oil and gas facilities starting in 2026.
INTERVIEW: Biochar giant plans to supply 1 mln CDR credits by 2028
A Bolivia-based biochar developer is ramping up production capacity as it targets delivering 320,000 carbon dioxide removal (CDR) credits in 2026 and up to 1 million annually by 2028, while also exploring an expansion into new biomass streams and geographies, its CEO told Carbon Pulse.
Carbon standard releases risk maps for two Brazilian states
A France-based carbon standard has released new jurisdictional risk map for REDD projects in Brazil, it announced Thursday.
Bolivia aims to enact climate finance regulation by May, additional carbon norms by mid-2027
Bolivia’s recently-elected, carbon market-friendly government has opted to slow the rollout of its market framework rather than rush regulation, seeking to anchor the process in technical cooperation with the EU amid deep institutional restructuring, Carbon Pulse learned during the Bolivia Carbon Forum.
Virginia withdraws appeal of court decision against RGGI repeal
Virginia has withdrawn its appeal of a 2024 court ruling that found the state’s withdrawal from RGGI under former Governor Glenn Youngkin (R) was illegal, as Old Dominion continues towards rejoining the US Northeast and Mid-Atlantic power sector ETS.
Minnesota Democrats introduce GHG superfund bill aiming to recover climate costs
Democratic lawmakers in Minnesota introduced legislation on Wednesday that would create a GHG pollution “superfund” programme aimed at recovering climate-related costs from major fossil fuel companies and funding adaptation projects across the state.
US starts the ball rolling for advanced SMR nuclear expansion
A Bill Gates-backed nuclear power startup has been given the green light by US authorities to build the country’s first advanced small modular reactor (SMR) power plant, it announced this week.
University develops machine learning system to predict N2O emissions from US croplands
Researchers from a US university published their findings on a new method of predicting nitrous oxide (N2O) emissions from the country’s croplands on Thursday, utilising a machine learning system to reach higher accuracy.
ASIA PACIFIC
BRIEFING: Early compliance risks could slow adoption of India’s ETS
India’s emerging compliance carbon market could face early operational hurdles as companies scramble to build the monitoring and reporting systems required under the new Carbon Credit Trading Scheme (CCTS), a webinar heard Thursday.
China targets 17% cut in carbon intensity over next five years
China is targeting a total 17% cut in its emissions per unit of GDP in the current five-year period (2026-30), according to a government work report submitted Thursday to the country’s top legislature for deliberation.
Bhutan, Singapore advance Article 6 cooperation with new project proposals
Bhutan and Singapore have advanced their bilateral Article 6 partnership with four proposed projects aimed at generating carbon credits under the Paris Agreement, according to local media reports.
Australian asset manager acquires over 600 ha, eyes biodiversity credits
An Australia-headquartered asset manager has acquired 636 hectares in Queensland, with plans to develop biodiversity credits and other nature-based programmes.
Carbon markets risk entrenching Indigenous Australian inequalities, research paper argues
Australia’s carbon market should find a way to credit Indigenous landholders for maintaining intact ecosystems, as opposed to only rewarding those that have been degraded and are only now being restored, according to research published Thursday.
ID Market: Trading collapses in February following brief surge
Trading activity on Indonesia’s carbon exchange slumped in February as deals dried up following a brief rebound at the end of last year, exchange data showed on Thursday.
VOLUNTARY
ICVCM approves French standard under Core Carbon Principles
The Integrity Council for the Voluntary Carbon Market (ICVCM) on Thursday approved a French carbon standard as eligible under its Core Carbon Principles (CCPs), bringing the total number of programmes allowed to issue the high-integrity voluntary credits to nine.
Tech giants pledge $100 mln to reduce super pollutants
Global tech giants are joining forces to deploy $100 million to reducing super pollutants such as methane, black carbon, and refrigerant gasses.
Regenerative farming boosts topsoil carbon, but deeper storage elusive -study
A decade-long field trial in Germany has found that regenerative organic farming practices can increase soil carbon stocks, but mainly in surface soils and with limited evidence of long-term carbon storage at depth – raising questions about how related offsets methodologies account for permanence and monitoring.
36 climate strategies could each cut 2 bln tonnes of emissions annually by 2050, study finds
Thirty-six mitigation strategies across sectors including electricity, industry, transport, buildings, and land use could each deliver around 2 billion tonnes of CO2e of annual emissions reductions by 2050, according to research published Thursday.
INTERNATIONAL
Article 6 risks undermining domestic climate action and worsening global inequalities, argues study
Without robust safeguards, transacting carbon credits internationally under Article 6 risks becoming a substitute for domestic climate action, and could worsen global inequalities, according to a new report from a non-profit.
Ancient permafrost carbon accumulates in Arctic lakes, with limited methane contribution, study finds
Large amounts of ancient carbon released from thawing permafrost are accumulating in Arctic lakes rather than rapidly converting into greenhouse gases, although part of the carbon is still contributing to CO2 emissions, according to new research.
SHIPPING
Shipping needs global carbon price but underlying green shift is happening -executives
Shipping executives reiterated calls for the adoption of a global climate framework at a conference in London, but said that decarbonisation is an underlying trend regardless.
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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
European Climate Summit 2026: Apr. 14-16, Barcelona – To kick off its annual regional Climate Summit series, IETA looks forward to welcoming delegates to the flagship European Climate Summit (ECS) 2026, taking place at Casa Llotja de Mar in Barcelona, Spain. ECS takes place amid a rapidly changing geopolitical landscape, even as carbon markets continue to mature and expand. A new political cycle for EU climate action has begun, and the task of preparing carbon markets for their next stage presents both new challenges and opportunities. In this dynamic context, competitiveness, integrity, and innovation will be at the heart of the discussion. ECS provides an excellent opportunity to engage with policymakers, business leaders, and climate market pioneers who are shaping the future of carbon markets. Organised by IETA, ECS is an in-person event. Register here
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