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TOP STORY

Top buyer Microsoft suspends carbon removal purchase programme -sources

Microsoft has suspended its carbon dioxide removal (CDR) buying programme, according to several sources, in a move that threatens to upend a nascent but fragile market heavily reliant on the tech giant’s demand.

DAILY NEWS TICKER

CP Daily News Ticker: 10-12 April 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 ETS verified emissions fell 1.3% in 2025, European Commission says

Verified emissions reported from installations, aircraft, and maritime operators covered by the EU ETS fell by 1.3% year-on-year (YoY) in 2025, the European Commission confirmed Friday.

ANALYSIS: Weakening of EU ETS price signal would damage carbon removal investment trajectory

Reforms to the EU ETS that ease prices in the cap-and-trade compliance carbon market would reduce the incentive to scale engineered CO2 removal technologies, according to experts, though complementary financing measures will also be essential to meet the bloc’s negative emissions goals.

BRIEFING: EU capitals urge caution over recognition of international credits in CBAM

Several EU member states have urged caution over recognising international carbon credits as a “carbon price paid” in talks on extending the EU’s Carbon Border Adjustment Mechanism (CBAM), responding to a draft text that will form the basis of their joint negotiating position.

Lawmaker seeks broader, faster CBAM fund to shield EU exporters

The European Parliament is gearing up for talks over a new “Temporary Decarbonisation Fund” that would channel revenues from the EU’s Carbon Border Adjustment Mechanism (CBAM) back to EU exporters while tightening climate conditionality, according to a draft report put forward this week by French lawmaker Pascal Canfin.

Euro Markets: EUAs drift steadily on pre-weekend risk reduction even as traders see bullish outlook

EU carbon prices rose for a third week despite a day-long decline on Friday as traders reduced risk ahead of the weekend, amid a noticeable improvement in bullish sentiment and a slightly calmer atmosphere in Iran as the ceasefire appeared to be holding, though energy prices were mixed, reflecting fluctuating expectations that the Strait of Hormuz will be fully reopened.

France opens up billions in spending to power electrification push amid energy crisis

French Prime Minister Sebastien Lecornu announced Friday that public support for the energy transition will nearly double, rising to €10 billion per year by 2030 from around €5.5 bln today.

BRIEFING: Energy lawyers flag potential for CCUS industry in new CO2 storage standard

The International Organisation for Standardisation (ISO) switched up its geological CO2 storage standard last month, perhaps opening a window for the carbon capture, usage, and sequestration (CCUS) sector amid US environmental rollbacks, a law firm has said.

Tunisia debates carbon crediting, Article 6 in renewable energy concessions

Renewable energy generation concessions being considered by Tunisia’s parliament won’t be profitable without carbon finance, and must therefore occur within a carbon crediting and benefit-sharing framework, the country’s environment minister said this week according to local media.

Nigeria targets $1 bln for forests in restoration plan

The Nigerian government has announced an intention to mobilise $1 billion from public and private sources, including carbon markets, to tackle deforestation and livelihood losses.

AMERICAS

California legislators urge ARB to increase allowances in Cap-and-Invest update

A group of bipartisan state legislators asked the California air regulator ARB to change its proposed update to the Cap-and-Invest programme ahead of the planned vote in May.

CFTC: Managed money grows RGAs as prices hit $30

Managed money extended its net long RGGI allowance (RGA) position as the benchmark contract settled above $30 for the first time on ICE, while trimming California Carbon Allowance (CCA) holdings during the Apr. 1-7 CFTC period.

California YoY power sector emissions fall again in February as renewables rise, imports retreat

California’s power sector emissions fell year-on-year (YoY) for a second consecutive month in February, though the pace of decline slowed from January’s steeper drop.

ASIA PACIFIC

CN Markets: CEA trading volumes remain low amid policy vacuum, CCER premium continues

Liquidity in China’s national emissions market remained relatively low over the past week, as the lack of policy clarity on the current compliance cycle continues to drain demand.

ID Market: Trading rebounds in March as reitrements rise

Trading on Indonesia’s carbon exchange rebounded in March after February saw a sharp slump, driven by a rise in credit retirements, bourse data showed Friday.

Malaysian oil firm joins Shell’s carbon offsetting initiative

A Malaysian oil and gas company has joined a carbon offsetting programme run by Shell to balance emissions linked to its fuel operations, it said this week.

VOLUNTARY

Carbon removal market seeing more buyer diversity -report

The carbon removal (CDR) sector saw smaller buyers take a larger share of the overall market in the first quarter of 2026, as the nascent industry looks to diversify demand away from large tech firms.

First production of hydrogen-powered cookstoves to start later this year

First production of new hydrogen-powered portable cookers that aim to generate voluntary carbon credits and promise zero CO2 emissions is due to begin in the third or fourth quarter of this year, the developer confirmed on Friday.

Municipal access to carbon finance hinges on how mitigation outcomes are counted, study says

Allowing some forms of “double claiming” in the voluntary carbon market (VCM) could help channel corporate finance to underfunded municipal climate projects, a newly published paper argued.

INTERNATIONAL

BRIEFING: Energy crisis drives push for fossil fuel phaseout as 50+ countries target action in Santa Marta

A worsening global energy shock triggered by the Middle East war is reinforcing calls to accelerate a managed fossil fuel phaseout, with more than 50 countries set to use the upcoming Santa Marta conference as an implementation-focused platform.

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EVENTS

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

Carbon Removal Investment Summit 2026: May 13, London – The Carbon Removal Investment Summit returns to London on May 13, 2026. cCarbon’s flagship, data- and modelling-driven dialogue brings together 200+ attendees from 160+ organisations, including investors, financiers, buyers, policymakers, developers, and market leaders shaping the carbon removals market. The summit features 40+ expert speakers across 10 curated sessions, along with a private investor conclave for deeper discussions among leading capital providers. The agenda explores where capital is moving, how investment and offtake structures are evolving, and what it will take to move from early momentum to meaningful scale. Register here.

Power Summit: June 3-4, Helsinki – Join Eurelectric’s annual summit, where policymakers, industry leaders and innovators will explore how electrification can power Europe’s secure, competitive and climate-neutral future. This year’s edition will focus on accelerating electrification, strengthening energy security and mobilising investment for the energy transition. Register now.

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