Presenting Carbon Pulse’s free CP Daily newsletter. Sign up here
TOP STORY
RGAs plunge as RGGI asserts commitment to affordability following recent volatility
RGGI Allowance (RGA) futures plunged on Friday more than $7 or 17% to close around $37 after market administrator RGGI Inc. issued a statement asserting its commitment to monitoring the market for affordability and saying “renewed consideration of improvements” may be required following recent volatility in the secondary market.
DAILY NEWS TICKER
CP Daily News Ticker: 8-10 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.
INTERNATIONAL
Climate Litigation Roundup: Deception claims survive US federal challenges as VCM legal risks come into focus
The past month in climate litigation saw US courts preserve state-law deception claims against fossil fuel companies while pushing back on federal attempts to block them, the Dutch government move to appeal a ruling on climate duties for Bonaire, and fresh questions emerge about legal accountability in the voluntary carbon market (VCM).
EMEA
BRIEFING: Green ‘conditionality’ on ETS revenue spending will be cornerstone of EU carbon market reform, official says
The European Commission will put green conditionality on revenue spending at the heart of the upcoming reform of the EU’s Emissions Trading System (ETS), a senior official has said, as Brussels and member states prepare for a high-stakes political battle over financial support for industrial decarbonisation.
Record aviation emissions bolster case for wider EU ETS, report says
European aviation emissions rose to a record high in 2025 while airlines avoided more than €8.5 billion in emissions costs, strengthening the case for extending the EU’s Emissions Trading System (ETS) to all departing flights, according to a report published Friday.
Euro Markets: EUAs up nearly 2% week-on-week as oil, gas strengthen
European carbon prices were flat in thin Friday trading to end the week 1.9% above last week’s settlement, as energy markets rose following reports of Iran and the US exchanging fire in the early hours of the morning.
BRIEFING: China calls EU carbon border fee “not helpful for developing countries”
China’s ecology and environment vice minister, Li Gao, has called the EU’s Carbon Border Adjustment Mechanism (CBAM) “not correct” and “not helpful for developing countries”, saying it seeks to impose a global carbon price on other nations.
Ghana signs climate cooperation agreements to support carbon market development -media
Ghana has signed 10 non-binding cooperation agreements with international institutions to support carbon market development, climate finance, renewable energy, and climate-resilient agriculture, a government official said Wednesday.
AMERICAS
New York lawmakers strike budget deal to see GHG regulations postponed until 2028
New York lawmakers have reached a tentative deal in lengthy budget talks that includes a postponement for the issuance of regulations for meeting the state’s GHG goal until 2028, and the establishment of a new interim 2040 target.
Hawaii clean fuel standard bill heads to governor’s office after legislative approval
Hawaii lawmakers have approved a bill to create a clean fuel standard that would require the state to cut the carbon intensity of transportation fuels by at least 50% below 2019 levels by 2045.
CFTC: Producers continue to add, speculators drop RGAs
Producers continued to pick up and managed money continued to drop RGGI Allowance (RGA) net holdings while both groups trimmed their length in California Carbon Allowances (CCAs), the latest US Commodity Futures Trading Commission (CFTC) data showed.
ASIA PACIFIC
Financial uncertainty clouds South Korea’s 2040 coal phaseout, report says
South Korea’s planned 2040 coal phaseout may be at risk as state-owned power companies remain unable to provide long-term financial forecasts for their plants, a recent report has warned.
Australia’s top court to hear first climate case over coal mine expansion
Australia’s highest court will hear its first-ever climate change case next week, in a legal battle between a local community and a coal company over mine expansion.
BRIEFING: Energy shock will lead to short-term pain, but long-term gain for Asia Pacific’s energy transition
Asia Pacific countries have responded to the global energy shock by delaying key carbon pricing and tax policies, however this will likely be replaced with renewed efforts to transition away from fossil fuels in the future, experts have said.
VOLUNTARY
BRIEFING: Investors seeking ‘golden credit’ to hedge their bets in fast-evolving carbon markets -expert
Carbon investors are increasingly seeking projects that can supply a “golden credit” with multiple routes to market due to uncertainty about how demand will evolve, according to a ratings agency.
No response from Chinese developer requested to replace credits, says Verra
Verra is struggling to contact a project proponent that was asked to replace credits from four Chinese projects that were found to have fallen foul of the standard body’s regulations, the voluntary carbon standard body told Carbon Pulse this week.
Microalgae biomass could capture urban CO2 at half the cost of conventional DAC, study says
Microalgae-based direct air capture (DAC) systems can sequester CO2 at less than half the cost of conventional technologies while generating carbon credits and biomass revenue, a recent study has found.
—————————————————
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.
—————————————————
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.
—————————————————
ADVERTISE WITH US
Check out our 2026 Advertising Brochure & Media Pack, featuring updated offerings and prices. Bookings are open! The pack presents an overview of our content, products, and readership, as well as full details of our website and newsletter advertising opportunities.
Got a tip? How about some feedback? Email us at [email protected]
