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TOP STORY
RGGI Market: Historic surge continues as RGAs rise more than 25% WoW before breaching $50 on Monday
RGGI Allowances (RGAs) rose by more than 25% last week as the recent historic surge in futures prices amid tight market dynamics continued, with futures prices jumping another around 20% on Monday to fresh all-time highs in the mid-to-upper $50s.
DAILY NEWS TICKER
CP Daily News Ticker: 4 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.
Voluntary Carbon Market News: 4-10 May 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
EMEA
EU climate chief faces MEPs ‘ping-pong’ over ETS’ role in 2040 climate target
EU Climate Commissioner Wopke Hoekstra told lawmakers on the European Parliament’s environment committee that the bloc’s flagship carbon market must become a more “conditional” and investment-driving tool, as MEPs pressed him on how an upcoming review of the EU’s Emissions Trading System (ETS) will align with the bloc’s new 2040 climate goal.
EU ETS needs ‘force majeure’ clause, says chemical industry
The European chemicals industry has called for a ‘force majeure’ clause in the EU Emissions Trading System (ETS), arguing that industrial installations unable to decarbonise due to external factors beyond their control should be exempted from mandated CO2 cuts.
Cross-party lawmakers urge EU not to include international credits in its carbon market
A group of cross-party European Parliament lawmakers have urged the European Commission not to include international carbon credits in the EU’s Emissions Trading System (ETS).
Euro Markets: EUAs slip 1% as gas rebounds on rising tensions in the Middle East
EU carbon edged downwards in thin trading during a UK public holiday, as European gas markets strongly rebounded after Iran threatened to attack US forces operating in the Strait of Hormuz.
Germany moves step closer to cancelling carbon permits linked to 2024 coal plant closures
Germany has completed its intention to voluntarily cancel EU carbon allowances associated with the 2024 closure of 14 coal-fired electricity generation plants covered by the EU Emissions Trading System (EU ETS), the European Commission confirmed last week.
Intermediate crops for SAF not a quick fix for EU’s airlines -study
Biofuel crops grown between food harvest cycles or on low-quality land, so-called ‘intermediate crops’, is not a quick fix for the aviation sector in Europe, warns a study.
South African initiative explores carbon markets to mobilise $27 bln for land restoration, climate projects
A South African initiative is exploring carbon markets as part of efforts to mobilise $27 billion by 2030 towards land restoration and climate resilience projects in the region.
AMERICAS
Washington tribes’ climate deception lawsuit survives oil companies’ dismissal bid
A Washington state judge denied oil companies’ bid to dismiss climate deception claims brought by two Tribal governments, allowing most of the case to proceed while giving the tribes 30 days to amend allegations against one defendant.
Offset developer reports revenue surge, return to profit on strong Q4 performance
A Canadian offset developer reported a sharp rise in revenue and a return to profitability in 2025, with results heavily weighted toward a strong fourth quarter.
Jamaica to finalise carbon market framework in 2026
Jamaica plans to finalise its carbon markets framework this year, as the government seeks to draw new clean technology investment and widen access to climate finance, the country’s environment minister told parliament.
INTERVIEW: Colombian players push carbon market reforms to election frontrunners
Industry stakeholders are presenting proposals to revive Colombia’s domestic carbon market to presidential candidates, including the elimination of an offsetting cap, and instituting a carbon credit price floor.
Trump administration moves to block state climate lawsuit, citing federal primacy over emissions
The US federal government has filed a lawsuit seeking to halt a state-level climate case, arguing that regulation of interstate and international pollution falls under federal authority.
Massachusetts CDR potential strong, but insufficient to meet 2050 net zero target -report
Massachusetts will likely need to rely on out-of-state carbon dioxide removal (CDR) and further emissions cuts to meet its 2050 net zero target, despite having strong potential to deploy and lead innovation in several removal pathways, according to a state-commissioned study.
ASIA PACIFIC
Safeguard Mechanism to see ACCU demand peak in 2038, analysis says
Emitters covered under Australia’s Safeguard Mechanism will drive demand for carbon credits well into the 2030s as a result of growing emissions, according to analysis.
Asian Development Bank targets $70 bln by 2035 to go towards cross-border electricity investment
The Asian Development Bank has announced a target of investing $70 billion in new energy and digital infrastructure initiatives by 2035 as a way to connect power grids and expand cross-border electricity trade, while reducing power sector emissions.
South Korean utility eyes carbon project potential in global landfill sector
A subsidiary of Korea Electric Power Corporation (KEPCO) has entered into a partnership to jointly develop international GHG reduction projects within the landfill sector.
Australian firm shutters carbon market offering
The carbon division of an Australian engineering firm has been shut down, the company confirmed to Carbon Pulse on Monday.
VOLUNTARY
Researchers propose ‘carbon removal budget’ to limit overreliance
A “carbon removal budget” (CRB) could help governments and companies avoid delaying climate action by quantifying how much carbon removal (CDR) capacity is available, according to a new academic paper.
Global cotton association launches carbon credit programme
The International Cotton Advisory Committee (ICAC) has launched a carbon crediting programme to provide cotton farmers with additional income streams, the group recently announced.
Xpansiv posts losses in 2025, but keeps net revenue steady amid switch to RECs
Xpansiv saw operating losses double and gross revenues fall last year, but the group continued to keep net revenue steady year-on-year as it strengthened its position in global renewable energy certificate (REC) markets, and pivoted towards infrastructure technology.
INTERNATIONAL
Fixing methane leaks would recover twice the gas supply lost during Hormuz closure, IEA says
Fixing methane leaks would provide a massive boost to energy markets, recovering a volume of gas equivalent to twice the supply lost due to the closure of the Strait of Hormuz, according to a new report by the International Energy Agency.
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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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JOB LISTINGS THIS WEEK
- *Carbon Sales Manager, BioLite – Remote/Kenya/Europe
- *Environmental Markets Correspondent, Carbon Pulse – Toronto/Vancouver
- *Asia-Pacific Environmental Markets Correspondent, Carbon Pulse – Remote
*Premium listings
See all listings or post a job
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