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TOP STORY
BRIEFING: EU mulls new body to centralise purchase of Article 6 credits
The European Commission is considering creating a new body or agency to centralise the purchase of international carbon credits issued under the Paris Agreement and ensure they meet the EU’s extensive quality criteria.
DAILY NEWS TICKER
CP Daily News Ticker: 7 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.
AVIATION
Phase 1 CORSIA supply on target to hit 154 mln carbon credits -report
Some 154 million credits are likely to be insured and authorised in time for CORSIA’s Phase 1 deadline for meeting offsetting obligations, according to a data aggregator.
Tighter EU CORSIA carbon credit criteria could exclude vast majority of cookstoves from European buyers -analysts
A possible EU crackdown on the use of certain carbon credits by the bloc’s airlines could wipe out more than 90% of the cookstove offsets currently available to European buyers under the CORSIA global aviation emissions offsetting scheme, according to new analysis.
AMERICAS
Opening of world’s largest CDR plant delayed after facility issue
The opening schedule for the world’s largest carbon removal (CDR) plant is under review after a facility-related issue was identified during commissioning, marking a further delay for a project once expected to start up in late 2024.
Brazil approves 80 CDM projects’ transition to PACM, making it leader among host countries
Brazil has approved the transition of 80 former Clean Development Mechanism (CDM) projects to the Paris Agreement Crediting Mechanism (PACM), the country’s Ministry of Environment and Climate Change (MMA) announced Thursday, making it a leader among host countries to approve such requests.
Brazil eyes draft ITMO regulation by mid-2026, official says
Brazil is working on a draft regulation for Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, with the intention of finalising it by mid-2026, according to an official.
California regulator floats 100-year monitoring rules for CCUS projects
California regulator ARB is considering long-term monitoring, reporting, and financial responsibility requirements for carbon capture, utilisation, and storage (CCUS) projects as part of draft concepts for a new state CCUS programme, according to a Thursday notice.
WCI Markets: CCAs continue to trade sideways, sparsely ahead of Q2 auction
California Carbon Allowance (CCA) futures continued to trade flat at prices a bit over the $29 mark as traders said the market could show some more signs of life up ahead with the Q2 auction and planned vote on programme updates later this month.
California LCFS posts second consecutive quarterly deficit
California’s Low Carbon Fuel Standard (LCFS) recorded a net deficit of nearly 1.9 million credits in the fourth quarter of 2025, the programme’s second quarterly shortfall in a row and only the second instance since early 2021, recent data from state regulator ARB showed.
BRIEFING: Canadian oil producers, clean energy advocates clash amid missing Canada-Alberta carbon pricing deal
Tensions between Canadian oil sands majors and leading clean energy groups are boiling over as each side battles to be heard before the ink dries on the Canada-Alberta energy deal.
EMEA
EU weighs methane penalty loopholes for fossil fuel companies
The European Commission is considering broad new flexibilities that could allow fossil fuel companies to delay or avoid penalties under the EU Methane Regulation, according to a draft informal paper seen by Carbon Pulse, ahead of an experts’ meeting next Monday.
Brussels to introduce CBAM rules for overseas carbon prices this month -official
The European Commission will introduce new rules this month detailing how it will recognise carbon prices paid in exporting countries, according to a senior official, making it possible for European importers to calculate deductions from their carbon border fees.
EU CBAM already changing fertiliser trade flows as pressure on sector intensifies -analysts
The European Union’s Carbon Border Adjustment Mechanism (CBAM) is already reshaping fertiliser trade in 2026, according to new research, as importers and producers grapple with rising carbon costs, tightening supply chains, and geopolitical disruption linked to war in the Middle East.
Brussels launches consultation on slimmed-down EU sustainability reporting rules
The European Commission has opened a consultation on revised EU sustainability rules that it says will cut corporate reporting costs by more than 30% while preserving the bloc’s broader transparency goals under its flagship disclosure regime.
Brussels approves €1 bln for hydrogen buildout from EU ETS-backed fund
The European Commission on Thursday awarded more than €1 billion in public support to nine renewable hydrogen projects across Europe, in a move aimed at accelerating the bloc’s transition away from fossil fuels and strengthening its clean industrial base.
EU’s draft carbon farming certification is weaker than Paris Agreement’s Article 6.4 -study
The European Commission’s draft rules for certifying carbon farming work are weaker than the integrity principles in the voluntary carbon market, as well as requirements under the “already imperfect” Paris Agreement Article 6.4, according to a study released on Thursday.
Euro Markets: EUAs, equities ease lower as markets wait for news from Iran-US peace negotiators
European carbon prices eased lower in line with losses for European equities on Thursday, with traders noting that the market had entered a holding pattern as it waited for news to filter out about negotiations between the US and Iran to end the war in the Middle East.
Shell swings to profit in renewable and energy solutions after prior loss
Shell is the latest energy giant to report a jump in first quarter profits amid the US-Israeli war with Iran, partly driven by a sudden boost from the renewables and energy solutions sector.
Italian utility reports Q1 boost in EU ETS-covered power generation
An Italian energy company has posted a strong year-on-year rise in gas-fired power in the first quarter of 2026, following a similar path to other European utilities.
Germany wins EU approval for €5 bln industrial decarbonisation aid scheme
The European Commission has approved a €5 billion German state aid scheme aimed at cutting emissions from some of the country’s most carbon-intensive industries, backing the use of hydrogen, electrification, carbon capture, and other low-carbon technologies through long-term carbon contracts for difference.
Managed forests anchor Congo Basin carbon sink, but half of stocks at risk, researchers warn
Managed rainforests across the Congo Basin absorb more carbon and account for nearly all net removals in the region, though half of these stocks are at “significant risk of rapid loss”, according to new research.
ASIA PACIFIC
NZ govt appoints new ETS auction provider
The New Zealand government has tapped CBL Markets Australia to run its emissions allowance auctions, it announced on Thursday.
Australian voluntary carbon credit cancellations retreat in April after brief spike
Voluntary cancellations of Kyoto-era carbon credits in Australia fell sharply in April, with activity concentrated in fewer hands than the previous month, registry data showed.
China ETS pilots drove corporate green investment, study finds
China’s emissions trading system (ETS) pilots pushed listed companies to raise green investment and shift more spending towards pollution prevention rather than end-of-pipe treatment, a new study has found.
South Korea urged to transform ports into renewable energy hubs
South Korea should transform its ports into renewable energy hubs by leveraging surplus power for port and ocean shipping electrification, according to a new report.
PwC cautions Malaysian firms to prepare for carbon tax despite delay
PwC, the professional services firm, has warned in a report that Malaysian companies should prepare for the carbon tax despite the government’s decision to delay its rollout, citing that the levy will reshape costs and competitiveness once implemented.
VOLUNTARY
New ‘high-integrity’ REDD+ carbon crediting may be shutting out smallholders, study warns
Moves to boost integrity in REDD+ crediting in the voluntary carbon market (VCM) may be unintentionally locking smallholders and traditional communities out of climate finance, according to a new study applying a vulnerability-based avoided deforestation methodology in Brazil’s Amazon region.
Over-crediting in REDD+ not driven by “unobserved” variables -analysis
Researchers have pushed back against industry claims that flaws in academic analysis explain apparent over-crediting in avoided deforestation projects, finding instead that “unobserved” local variables are unlikely to account for the large gap between estimated and claimed emissions reductions.
Durable CDR buyers expect bigger discounts for forward purchases than suppliers do -survey
Durable carbon removal (CDR) buyers increasingly anticipate per-unit prices will fall through to 2030, placing them at odds with suppliers across several methods that expect flat or rising prices, according to an industry survey.
BRIEFING: Low-carbon tech needs standardised measurements to drive investor, buyer confidence
Big companies like Microsoft are turning their attention from renewable energy and carbon removal credits towards the up-and-coming technologies needed to decarbonise their own operations – yet they still need standardised measures to show exactly how they are shrinking their carbon intensity, according to a data provider working on the solution.
Verra partners with data providers on deforestation risk maps for REDD carbon projects
Voluntary carbon standard Verra has selected three data service providers to create deforestation risk maps for projects applying its REDD+ methodology and the associated module, it announced Thursday.
Carbon removal marketplace raises new capital to help scale project development
A carbon removal marketplace has raised new capital in a funding round to support expansion of its project development work.
INTERNATIONAL
EU, China, Brazil, hold first meeting of compliance carbon markets coalition
The first meeting of the Open Coalition on Compliance Carbon Markets took place on Thursday, with the EU and Brazil’s top climate officials telling Carbon Pulse the initiative aims to reduce fragmentation among emissions trading systems worldwide and boost the uptake of carbon pricing.
Ocean groups release guidance for responsible marine carbon removal trials
A group of environmental organisations on Thursday proposed safeguards for marine carbon removal (mCDR) research, including environmental protections, transparency requirements, and community engagement measures.
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SPECIAL WEBINAR – FOR SUBSCRIBERS ONLY
The future of the spike: What Virginia could do to RGGI prices – Special webinar on Wednesday, May 13 at 0900 PST/1200 EST.
Prices in North America’s second largest carbon market by traded value have surged in recent weeks, largely on news that emissions from Virginia’s fast-growing power sector will be covered by RGGI’s cap starting in July. Carbon Pulse’s discussion with Veyt’s North American carbon market experts will examine the analysts’ RGGI price forecast and the details of Virginia’s re-entry. We will also look at Veyt’s outlook for prices in North America’s biggest carbon market, the Western Climate Initiative (WCI), where prices are instead stagnant despite bullish fundamentals.
This special webinar is open only to Carbon Pulse Premium subscribers and selected Veyt clients – REGISTER HERE
Please note that registration confirmations are subject to approval. Your place is only secured once you receive a separate confirmation email.
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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.
Climate Futures APAC Summit 2026: June 17-18, Bangkok – As Asia-Pacific enters a defining era, the opportunities in climate and carbon markets, and decarbonisation strategies have never been greater. CFAS2026 convenes 600+ senior decision-makers from governments, corporates, financiers, exchanges, developers, and multilateral organisations to deliver actionable, proven strategies on Article 6 flows, CBAM-resilient supply chains, 2026-2028 procurement strategies, carbon accounting and digital MRV, high-integrity crediting, nature-based and engineered removals, and carbon insurance/guarantees for bankable projects. CFAS2026 will equip leaders with the tools to transform compliance obligations into lasting competitive advantage, resilient growth, and new sources of value. Register here.
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