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TOP STORY

Global shipping carbon price still on the table as countries agree to continue talks on Net-Zero Framework

Despite persistent attempts by some countries this week to dismantle key elements of the Net-Zero Framework (NZF) for global shipping, including removal of a carbon levy and decarbonisation fund, the framework has survived and is set to form the basis of further discussions.

DAILY NEWS TICKER

CP Daily News Ticker: 1-3 May 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

ANALYSIS: New EU ETS benchmarks neutral for market with ‘fallback’ values unchanged

Leaked draft benchmarks, which are expected to be the final set of values, that will determine how many free carbon permits industrials receive under the EU ETS across 2026-30, are not likely to have a major impact on market prices, analysts have said, with one team forecasting an overall 4 Mt/year increase in handouts over the period, compared to the previous draft.

BRIEFING: World on cusp of recession amid oil crisis, but market set for glut if Middle East conflict subsides

Spiralling oil and gas prices due to conflict in the Middle East have left the world on the brink of recession, which would add heavy pressure to EU carbon prices amid industrial demand destruction, but the short-term shortage in barrels will likely give way to a wave of supply further down the line if there is a truce in hostilities, analysts have said.

EU urged to tie international credit procurement to countries planning mandatory carbon pricing

The European Union should make access to its carbon credit market conditional on countries adopting mandatory emissions pricing systems, according to new policy recommendations.

Euro Markets: EUAs post 1.3% weekly drop after testing upper end of recent price range as energy slides

With much of Europe enjoying a public holiday on Friday, EU carbon allowances took advantage of the low liquidity to test the upper end of the recent price band, while energy markets edged higher as Iran downplayed the likelihood of a ceasefire agreement with the United States.

Liberia threatened with development funding cuts if it fails to greenlight CORSIA carbon supply -FT

Liberia faces losing vital development bank support unless it approves the sale of credits eligible under the UN’s international aviation offsetting scheme (CORSIA), the Financial Times reported on Friday.

Dutch carbon developer waits for Kenyan LoA to stave off liquidity squeeze

A Dutch project developer is waiting on a Letter of Authorisation (LoA) for Article 6 trade from Kenya to stave off the need for further capital raising or scaling back operations, it revealed in its annual report on Friday.

AMERICAS

Launch of first climate change trust fund for an overseas territory

The Virgin Islands has launched a climate change trust fund, marking the first legally constituted trust of its kind designed to bridge the gap between global climate finance and local implementation.

CFTC: Producers build RGAs amid market volatility, as V27 data reported for first time

Producers built and managed money cut their V26 RGGI Allowance (RGA) net holdings during the recent historic surge in futures prices, according to the latest US Commodity Futures Trading Commission (CFTC) data, which reported V27 RGA data for the first time, showing emitters with net length and managed money with a net short in the vintage.

ASIA PACIFIC

DATA DIVE: April NZ ETS data sees registration slump go on

The number of applications to submit land to New Zealand’s ETS remained in single digits in April, according to government data published Thursday.

VOLUNTARY

Verra publishes risk maps for deforestation in Colombia, Cambodia, DRC province

Verra released on Friday the final version of deforestation risk maps for Colombia, Cambodia, and the Mai Ndombe province in the Democratic Republic of the Congo (DRC).

INTERNATIONAL

Article 6 momentum growing but 90% of interested parties on sell side, finds UN

Based on the latest NDCs submitted, over 75% of parties have explicitly indicated their intention to participate in Article 6, but only around one-tenth of these are on the demand side, according to a UN presentation.

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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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