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TOP STORY
BRIEFING: South Korea outlines next steps for its voluntary market
The South Korean government has established a public-private partnership involving the country’s major exchange and business lobby to build a voluntary carbon market, with plans to launch a marketplace by the end of this year and pursue further legalisation.
DAILY NEWS TICKER
CP Daily News Ticker: 28 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
BP’s Scope 3 emissions jump almost 50% in 2025
BP’s indirect emissions, accounting for most of its greenhouse gas pollution, jumped almost 50% in 2025, while direct emissions hit a five-year high, as the energy major pivoted back to oil and gas.
EU should avoid “black box” approach to carbon credit procurement, say experts
The EU should draw on existing standards as part of its carbon credit buying strategy rather than add to an already fragmented patchwork of frameworks, researchers, ratings agencies, and developers said this week.
Coalition urges CDR share of international credits for EU 2040 climate targets
A coalition of carbon removal (CDR) proponents has called for the EU to include a clear share of negative emissions technologies as part of the international credits contribution towards the bloc’s new 2040 climate goal.
Euro Markets: EUAs post marginal gain in light trading as attention focuses elsewhere
European carbon prices ended Tuesday moderately higher, holding within their recent range with little overall direction, while energy markets made a general recovery as traders began to focus on the medium-term supply outlook.
Brussels sets sectoral emission limits for non-EU ETS sectors for 2026-30
The European Commission has set out national emission limits for sectors outside the EU’s carbon market for the next four years, in two pieces of implementing legislation published this week.
BRIEFING: Govt incentives, like UK floor price, crucial for sustainable aviation fuel take-off
The UK government’s plan to create a floor price for sustainable aviation fuel (SAF) could help to reduce the “green premium” that constrains the uptake of what many see as the fastest way to cut aviation emissions, according to an airport official.
German lignite producer pushing EU ETS exemption as energy crisis reshapes coal debate -media
A German lignite operator is lobbying for an exemption from the EU’s carbon market, arguing that high emissions costs, not fuel fundamentals, are what make domestic coal uncompetitive, according to media based in the country.
Spain, Germany lead commitments to shield consumers from Iran war energy price hikes -think tank
Spain and Germany have made nearly €7 billion in fiscal commitments to soften the impact of the war in the Middle East on voters, with France and the UK having taken almost no action thus far to shield consumers from the effects of price rises, analysis from a European think tank shows.
France unveils fossil fuel phaseout roadmap embedded in existing policies
France has published a document summarising its transition away from coal, oil, and fossil gas by mid-century, positioning itself among the first countries to respond to the COP30 presidency’s call for national transition plans.
European Parliament backs single method for counting all transport emissions
The European Parliament has endorsed new rules introducing a single methodology for calculating greenhouse gas emissions from all types of passenger and freight transport, rubber-stamping a deal with member states.
EU lawmakers clash over budget funding sources, including carbon pricing contribution
Divisions emerged among EU lawmakers as they adopted their final position on the bloc’s new draft long-term budget in Strasbourg on Tuesday, with some members opposing the use of internal taxation forms like revenues from carbon pricing.
Some EU countries “overconfident” on carbon removals -report
Six European governments are leaning too heavily on carbon removal technologies to meet their climate targets, risking delays to essential emissions cuts and undermining the bloc’s long-term goals, according to a new analysis by a Brussels-based climate NGO.
South Africa urged to confirm next phase of carbon tax
South Africa needs to confirm phase three of its carbon tax to unlock a pipeline of domestic investment, urges a lobby group.
Kenyan agroforestry projects secures offtake for entire expected issuance
A developer and an international buyer have signed a binding agreement for the purchase of at least 1.5 million nature-based credits from a Kenyan regenerative agroforestry project, in a deal covering its entire projected issuance.
MENA Roundup: No longer on the sidelines, MENA partakes in global market twists and turns
From feeling the impact from Microsoft’s carbon removal buying ‘pause’, to hosting a CORSIA auction and building Article 6 readiness, the Middle East and North Africa (MENA) region in April stepped into the midst of global carbon market trends.
AMERICAS
RGAs reverse course from recent rally, plunge amid diminished bidding
RGGI Allowance (RGA) futures plunged from all-time highs on Tuesday following three days of historic surging as market participants pointed to the collapse of strong bidding that drove the recent rally and said the direction of the market ahead remains unclear.
BTG Pactual’s Latin American reforestation fund closes more than $1 bln
BTG Pactual’s Timberland Investment Group’s (BG Pactual TIG) Latin American Reforestation Strategy has closed more than $1.2 billion in fundraising, employing a model that seeks to promote scaling and generate millions of nature-based carbon removal (CDR) credits, it was announced Tuesday.
California extends public comment period for 15-day notice on proposed ETS updates
California regulator ARB announced on Tuesday it has extended the deadline for public comments on proposed updates to the state’s Cap-and-Invest Program outlined in a 15-day notice earlier this month.
BRIEFING: Canadian investors endorse new sustainable finance taxonomy, but warn federal backing is make-or-break
Canadian investors broadly support the development of a national sustainable finance taxonomy, but its effectiveness will depend on clear federal policy backing and integration into regulatory frameworks, according to a new survey.
New York governor eyeing 2028 for cap-and-invest launch -media
New York Governor Kathy Hochul (D) is working on a proposal that would delay implementation of the state’s planned cap-and-invest programme until 2028 amid ongoing debates around the state’s climate goals and budget, media reported Tuesday.
US offshore wind developers accept Trump administration deal to reinvest in oil, gas assets
The US Department of the Interior (DOI) announced on Tuesday two agreements with offshore wind developers to voluntarily end their federal leases and reinvest their multi-million reimbursements into oil and gas assets.
Anti-deforestation policies failed to tackle land degradation in Brazilian Amazon -study
Policies aimed at curbing deforestation in the Brazilian Amazon have failed to simultaneously address land degradation, which continues to affect carbon stocks, biodiversity, and ecosystem services, according to a new paper.
New collaboration aims to bring industrial mineralisation CDR credits to market
A Canadian carbon removal (CDR) company and a US advisory firm have announced a partnership to scale projects using industrial mineralisation technology.
Canada, Alberta near carbon price agreement as broader pipeline deal stalls -media
Canada and Alberta are expected to agree within the “next two weeks” to raise the carbon price for industrial emitters, a step seen as critical to unlocking a broader package covering oil sands emissions and new pipeline infrastructure that remains unresolved, media reported on Monday.
Offshore basins emerge as lowest-cost CO2 storage option in Eastern Canada, assessment finds
A regional assessment found CO2 storage costs are lowest in basins with favourable reservoir properties, including several offshore formations, while lower onshore costs may be offset by lower reservoir quality.
Surficial mineralisation hub launched in Quebec to test low-cost CDR scaling
A new hub in Quebec will test whether surficial mineralisation can deliver large-scale, low-cost carbon removal (CDR), it was announced on Tuesday.
ASIA PACIFIC
INTERVIEW: Carbon finance could help India cut methane from coal mines, but opportunity remains stranded
India could tap carbon finance to reduce emissions from coal mine methane, but a lack of awareness and weak data mean the opportunity remains largely unrealised, according to an expert on the country’s coal transition.
Singapore companies partner to develop nature-based carbon projects
A Singapore-based climate tech firm has partnered with a geospatial data provider to develop nature-based carbon projects, the companies said last week.
NZ Market: NZUs marginally up after CCC advice
The carbon price in the NZ ETS climbed slightly higher above NZ$50 Tuesday following warnings of a potential shortfall from the Climate Change Commission (CCC), as the body advised a wait-and-see approach to the issue.
Australian feed additive company sees revenue continue to climb
An Australian feed additive company reported further revenue gains in its quarterly report published Wednesday, thanks to growth in contracted volumes of its seaweed-based methane reducer.
Philippines state-owned utility taps Singapore firm to help set up carbon projects
A Philippines state-owned utility has signed a deal with a Singapore-based advisory to design carbon credit projects, aiming to monetise emissions reductions from its operations and tap new financing streams.
Mongolia soil carbon project secures JCM clearance, opening compliance route
A soil carbon project in Mongolia developed by a US firm has become the first of its kind to receive a formal “no objection” decision under Japan’s Joint Crediting Mechanism (JCM).
**WEBINAR**
The Carbon Removal Debate – Nature vs Tech: Apr. 28 – How do you choose between nature-based and technology-based carbon removals – and do you even need to choose? Join UPS, Kearney, and Climate Impact Partners for a practical, discussion-led webinar on building a defensible removals portfolio that fits your goals, reputation, budget, and evolving guidance. Hear real-world perspectives from Jessica Garcia, Sustainability Manager at UPS and Pei Yun Teng, Senior Director for Impact & Sustainability at Kearney. Tuesday 28 April 2026 | 8am PDT | 11am EDT | 4pm BST | 5pm CEST. Learn key trade-offs, what “quality” means in practice, and how to justify decisions internally. Leave with a clear next-step framework. Register here to watch live or on-demand
VOLUNTARY
GHG Protocol appoints first CEO following governance reforms
Global carbon accounting standard-setter GHG Protocol has appointed its first CEO, introducing a new executive leadership role within the organisation.
Salt marsh degradation drives net global blue carbon loss despite restoration efforts -researchers
Global losses of carbon from salt marshes have outpaced gains from restoration efforts over the past two decades, with degradation of mature, carbon-rich ecosystems outweighing expansion of newer, lower-density wetlands, according to a new study.
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EVENTS
ClimateGlobal 2026: May 12, Vancouver – bringing together 300+ founders, investors, and operators from the Canadian and international climate tech ecosystem to explore what comes next and how to actually get there. This second edition will focus on two themes: “The Canadian Opportunity” and “Going Global from Canada”. Confirmed attendees include trade missions from ASIA and LATAM, North American and EU investors as well as global corporations and startups. If you are raising, selling, or expanding internationally make sure to be in the room. Register here.
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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