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TOP STORY
Brussels says EU carbon allowances will be issued “far into the 2040s”
A senior European Commission official said allowances under the EU Emissions Trading System (ETS) will continue to be auctioned well into the 2040s, with flexibilities in the bloc’s carbon market allowing industries to emit for longer.
DAILY NEWS TICKER
CP Daily News Ticker: 12 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: Risk of UK govt collapse casts shadow over EU ETS linkage talks
UK Prime Minister Keir Starmer is facing open revolt following disastrous local elections for his governing Labour Party, and, depending on the timing, a possible exit from government could have implications for linking the British carbon market with the EU Emissions Trading System (ETS), market participants have warned.
UK firm carries out first EU ETS2 transaction with end-user
A UK-based firm has carried out the first trade in EU ETS2 allowances with an end-user, as the market ramps up towards its launch in 2028.
Euro Markets: EUAs give back Monday gains amid weaker equities as traders focus on Brussels meeting
EU carbon prices weakened on Tuesday afternoon along with equities, after the market had spent the morning consolidating most of its gains from Monday, while numerous participants focused on an industry event in France and a stakeholder meeting in Brussels, and energy markets unwound early gains even as the stalemate over the Strait of Hormuz continued to block shipping lanes.
FEATURE: Companies face EU “CBAM chaos”, with high fees for ‘default’ emission values
Companies worldwide are scrambling to prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), but many still do not know whether they will be able to use verified plant-level emissions data or be forced to rely on punitive default values – a distinction experts say could determine whether exporters remain competitive in Europe at all.
EU carbon price currently trading “nowhere near” fair value, say analysts
EU Emissions Trading System (ETS) allowances are currently trading significantly below the value implied by fundamental demand and supply factors, analysts told an industry conference on Tuesday, as the market awaits the scheme’s summer review.
“Less fossil, more electric”: France outlines priorities in EU energy debate
Paris will back a faster phaseout of fossil fuels at an informal meeting of EU energy ministers starting today in Cyprus, arguing that the conflict in the Middle East must not slow Europe’s energy transition or be used as an excuse to exempt gas-fired power plants from paying for their carbon emissions, as Italy plans to do.
FEATURE: New Bulgarian government raises EU climate policy fears, but Russian influence may be limited
Bulgaria’s new government could seek to slow parts of the EU’s climate and energy agenda, following a sweeping election win that raised concerns over Sofia’s future stance on Russia – but the country’s reliance on EU funds may limit the scope for systematic obstruction, experts told Carbon Pulse.
EU buildings remain off climate track, law risks turning into ‘paper tiger’ but ETS2 holds firm
Progress in decarbonising EU buildings remains too slow and uneven to put the bloc on track for net zero by 2050, according to the latest Buildings Climate Tracker (BCT), though European Commission officials still see the bloc’s carbon pricing system as secure.
UK govt awards funding for domestic DAC carbon removal techs
The UK government has awarded research and development funding to 15 direct air capture (DAC) carbon removal projects in the country, for a total of just under £55 million, it announced on Tuesday.
Updated EUA auction programme shows 12% hike in sales volumes compared to initial schedule
EU member states will auction 12% more EUAs in the second half of 2026 than originally scheduled, after the exchange that handles the sales updated its calendar for the six months from June.
ArcelorMittal calls for freezing EU carbon costs at 2026 levels
Steelmaker ArcelorMittal has called for a “pause” in the EU Emissions Trading System (ETS), warning that rising carbon costs over the coming years will undermine the sector’s ability to invest in decarbonisation as manufacturers lack viable options to cut emissions.
Largest German listed companies failing to disclose carbon credit purchasing details, report finds
The largest companies listed on the German stock exchange reported 4.84 million carbon credits under the EU’s Corporate Sustainability Reporting Directive (CSRD) last year, but not a single one disclosed details about the projects they came from, and those identified were judged of poor quality, according to analysis of disclosures by companies in the DAX40 Index.
EU to suggest pragmatic methane law, as civil society groups step up scrutiny
The European Commission is preparing for a “pragmatic implementation” of the EU Methane Regulation, with a chance that the executive will propose further guidance to companies in an upcoming unofficial paper, sources told Carbon Pulse.
Launch of carbon removal catalyst, unlocking £1 mln in finance for UK biochar
An independent advisory has launched a carbon removal catalyst that has already helped to secure a £1 million financing deal supporting a biochar developer in southwest England.
AMERICAS
Guyana J-REDD+ programme “already aligned” with ICVCM’s CCP label, govt claims
Guyana’s national jurisdictional REDD+ (J-REDD+) programme, which currently uses the ART TREES v2.0 ‘high forest, low deforestation’ (HFLD) methodology, is “already aligned” with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP) label, the government has claimed – even though the ICVCM has rejected this protocol for a CCP seal.
Latin America’s financial context differs from the US or Europe, and the CDR strategy should too, says business group
Latin America’s finance-sector scene creates unique and critical barriers to mobilising capital for nature-based and technology-driven carbon removal (CDR) projects, requiring creative, context-appropriate solutions beyond mere offtakes, according to a carbon industry group.
Brazil advances institutional infrastructure for ETS with governance, working group resolutions
Brazil published four resolutions in the Official Gazette on Tuesday that contribute to the operational development of its national ETS (Portuguese: SBCE).
Alberta TIER fund body projects revenue drop, tripling deficit through decade end
A new business plan by a body tasked with spurring Alberta’s clean energy sector with funding partially sourced from the province’s stuttering Technology Innovation and Emissions Reduction (TIER) market appears out of sync with that government’s fund revenue projections.
Trump administration seeks injunction to halt state climate lawsuit against energy producers
The Trump-led US Department of Justice (DOJ) asked a federal court on Monday to block Minnesota from pursuing its climate lawsuit against energy producers, one week after suing the state over what it called an unlawful attempt to regulate global GHG emissions through state law.
US data centres must bide their time before running on gas plus CCS, say analysts
Gas-fired power plants fitted with carbon capture and storage (CCS) won’t be delivering low-carbon electricity at scale to US data centres before 2030 due to structural limitations including a lack of transport and storage infrastructure, according to analyst research.
Credit issuances under Colorado manufacturing GHG trading programme jump 70% in 2025
Credit issued under Colorado’s GHG trading regulation for industry jumped 70% in 2025 as the number of facilities receiving units under the programme increased, recently published state data showed.
Taiwan, Wyoming deepen energy ties with MoUs on CCUS, nuclear reactors
Taiwan and Wyoming signed memoranda of understanding (MoUs) covering carbon capture (CCUS) and advanced energy technologies during a visit by Wyoming Governor Mark Gordon (R) to Taipei, as both sides look to expand cooperation on energy security, industrial resilience, and supply chains.
ASIA PACIFIC
NZ govt slammed over move to ban climate tort claims
Planned amendments to New Zealand’s core climate change law to limit tort claims arising from climate impacts has been criticised, with one legal observer telling Carbon Pulse it marks an “egregious departure” from government norms.
Govt issues tender for carbon credit verification agencies in Indian market
REC Power Development & Consultancy (RECPDCL), a unit of India’s state‑run power financier REC, has invited expressions of interest (EoI) to empanel agencies for verification and validation under the country’s new carbon credit trading scheme.
Southeast Asia concessions hold vast carbon finance potential -report
Southeast Asia’s forestry and agricultural concessions, long associated with deforestation and biodiversity loss, may also hold untapped potential for conservation and carbon finance, according to new research.
Australia budget sends mixed signals on energy transition with fossil fuel, green tech backing
Australia’s latest federal budget sent mixed signals on the energy transition on Tuesday, coupling billions of dollars in fossil fuel support with backing for green technology.
VOLUNTARY
Verra proposes expanding IFM methodology beyond US with new inventory rules
Voluntary standard body Verra launched a public consultation on Tuesday on a draft revision to its improved forest management (IFM) methodology that would expand its use beyond the US by allowing projects to use qualifying national forest inventory datasets.
Durable CDR buyer coalition approves Paris-based registry as credit issuer
A major carbon removal buyer coalition has approved a Paris-based carbon registry as a credit issuer, allowing suppliers in its portfolio to use the platform for credit issuance if the relevant protocols are also approved.
Demand remains major issue for carbon removal sector, says industry
The carbon removal (CDR) market has a demand issue, despite the EU’s new certification framework providing a “very positive signal”, market stakeholders told an industry conference Tuesday.
Portfolio manager launches guidance for CDR under corporate net zero commitments
A carbon removal (CDR) portfolio manager has published guidance on how corporations can navigate changing government regulations and civil society frameworks to make credible net zero claims.
US non-profit launches ERW research hub to accelerate CDR pathway
A US-based climate research group has launched a global initiative to accelerate enhanced rock weathering (ERW).
INTERNATIONAL
New ITMO registry for Article 6 trade seeks to mop up CDM carbon credits
A carbon platform has launched a specific ITMO registry ahead of the closure of the UN’s Clean Development Mechanism (CDM), while also claiming voluntary players will have the “lowest cost” for trading credits that have been granted approval for Article 6 trade under the Paris Agreement.
AVIATION/SHIPPING
Aviation emissions concentrated at handful of major airports -report
A small group of major airports accounted for a disproportionate share of global aviation emissions in 2023, with the three highest-emitting hubs producing three times as much CO2 as the city of Paris, according to an updated airport emissions tracker released Wednesday.
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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
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EVENTS
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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