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TOP STORY
Zimbabwe blasts CORSIA decision as “direct attack” on African climate ambitions
Zimbabwe is pushing back on a UN decision and subsequent move by Gold Standard to stop marking certain credits from the country as eligible for the aviation scheme CORSIA, calling it a “direct attack” on African development and climate goals.
DAILY NEWS TICKER
CP Daily News Ticker: 13 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
“Where’s the money?”: host govts tired of waiting for CORSIA demand, says developer
Host governments are increasingly tired of waiting for airlines to buy CORSIA-eligible carbon credits, with some projects now pivoting from the UN offsetting scheme to the voluntary market, developers warned.
Airline demand trails growth in CORSIA carbon credit supply, new analysis finds
New analysis has revealed a widening imbalance between the supply of carbon credits eligible under the aviation industry’s CORSIA offsetting scheme and still-limited airline demand.
Phase 1 CORSIA carbon credit prices tumble, spot bids drop to under $11
Phase 1 CORSIA prices slipped on Wednesday, with spot prices for the international aviation offsetting scheme bid under $11, an exchange said.
EMEA
International credits to help cover CBAM fees, in Commission’s draft rules
The European Commission will recognise international carbon credits as a carbon price paid outside the EU, making it possible for EU importers to deduct the costs from their Carbon Border Adjustment Mechanism (CBAM) fees, according to draft rules published on Wednesday.
UK to introduce law that could enable fast-tracking of ETS linking with EU
The UK government plans to introduce legislation designed to strengthen ties with the European Union, King Charles said in a speech to parliament Wednesday, which could accelerate the linking of the two jurisdictions’ emissions trading systems.
Euro Markets: EUAs claw back some early losses as market mulls auction supply boost
European carbon recovered some of its early losses on Wednesday morning as the market digested Tuesday evening’s news that the EU will sell an additional 40 Mt of allowances in the second half of the year, and took some heart from stronger equities in the afternoon.
Don’t “waste a good crisis” by weakening ETS, corporates tell EU
Major Nordic companies and investors with combined global revenues of €303 billion are urging EU leaders to reject calls to dilute the bloc’s carbon market, warning that any move to weaken the EU ETS would waste the opportunities presented by “a good crisis”.
European industry, green groups urge EU to implement ETS2 on schedule
More than 50 companies and civil society organisations have called on EU policymakers to launch the bloc’s Emissions Trading System for road transport and heating fuels (ETS2) as scheduled in 2028, warning that further delays or dilution would undermine investor confidence and climate goals.
CBAM ‘not enough’ to stop EU carbon leakage, think tank warns
The EU’s Carbon Border Adjustment Mechanism (CBAM) will not, on its own, prevent European industry from shifting production to countries without carbon pricing, and risks pushing up costs and leakage risks for downstream sectors, a new report has warned.
EU greenhouse gas emissions up nearly 1% in final quarter of 2025
The EU economy’s estimated greenhouse gas emissions were up 0.9% in the fourth quarter of 2025, according to data published by the bloc’s official statistical office.
Good winds power RWE to more profit and less CO2 in Q1
Emissions from German utility giant RWE fell in the first three months of 2026 amid a switch away from gas and hard coal, while boosting profits 25% despite incurring losses in trading, the company said Wednesday.
Germany’s gas plant subsidy plan risks breaching EU state aid rules, lawyers warn
Germany’s latest plans to subsidise new gas-fired power capacity are incompatible with EU state aid rules, the environmental law firm ClientEarth warned on Wednesday, calling on Brussels to open an in-depth investigation rather than approve the scheme.
Germany to freeze national carbon price in 2027 -media
Germany’s coalition government has decided to freeze the national carbon price for transport and heating fuels in 2027, a move that could weaken incentives to cut emissions and leave a multi-billion euro hole in the country’s climate funding plans, according to public broadcaster ARD.
Weak Turkish ETS risks failing on climate goals, CBAM protections -report
Turkiye’s upcoming emissions trading system (ETS) risks failing to both cut greenhouse gas output and shield exporters from looming EU carbon border costs because of weak design features, according to a report published Wednesday.
Oil and gas industry urges boosting EU domestic output in response to Middle East war
The oil and gas industry has urged the European Union to increase domestic fossil fuel production in response to the conflict in the Middle East, while relaxing gas storage obligations ahead of the heating season, suspending methane rules, and accelerating the review of the bloc’s restrictive clean hydrogen production standards.
UK pension schemes still off track for 2C pathway -report
UK pension schemes remain exposed to assets above a 2C pathway, with smaller programmes still trailing larger peers on climate strategy and implementation, according to a report published this week.
New off-grid micro hydrogen plant uses water scrubbing to capture CO2
Rubbish dumps and sawmills could soon be helping to power the next generation of off-grid micro hydrogen power plants that can also capture CO2 using just water scrubbing, a UK company claimed on Wednesday.
UK govt publishes CCUS funding results
The UK government has published key documents from recipients of grant funding from a programme designed to accelerate the deployment of carbon capture, usage, and storage (CCUS) technology.
Carbon payments create small to moderate benefits for boreal biodiversity, report claims
Forest carbon payments appear to bring nature-related co-benefits to boreal ecosystems, although they are not enough, on their own, to stop biodiversity loss, two Finnish research institutions said on Wednesday.
AMERICAS
BRIEFING: Canada-Alberta set to weaken carbon pricing timeline for TIER
Canada and Alberta appear to have agreed on a weakened carbon pricing timeline for the oil-producing province’s Technology Innovation and Emissions Reduction (TIER) market, which experts said could disincentivise improvement for the rest of the country’s patchwork of systems.
California offset issuance slumps 70% in latest round
California regulator ARB issued fewer than 44,000 compliance-grade offsets over the past three weeks, the second-lowest issuance so far this year, according to data released on Wednesday.
PepsiCo, LDC launch regenerative ag programme in Canada canola region
PepsiCo and Louis Dreyfus Company (LDC) have launched a regenerative agriculture programme in Saskatchewan aimed at expanding lower-emissions canola production and supporting soil health improvements across western Canada, the companies announced Wednesday.
ASIA PACIFIC
NZ Market: NZUs ease down after rally draws sellers out
Prices in the New Zealand Emissions Trading Scheme (NZ ETS) have softened over the past week, under pressure from sellers who came to the market as it rallied at the start of May.
NZ govt says historic low gas reserves justifies LNG terminal build, new exploration
New Zealand’s gas reserves have fallen to record lows, with the government saying this supports its decisions to build an LNG import terminal and permit new offshore oil and gas exploration.
SK Market: Monthly KAU auction clears higher again amid intensifying competition
South Korea’s monthly CO2 allowance auction continued to clear at higher prices in May, as emitters kept up bidding amid tightening supply expectations in the national emissions market.
Japan’s GX-ETS to boost private international carbon purchases -report
Japan’s nascent carbon market has the potential to drive private sector demand for Article 6-aligned credits via the country’s Joint Crediting Mechanism (JCM), depending on future allowance allocation decisions, a report has found.
US non-profit taps startup to grow rice methane credit supply from India
A US-based climate non-profit on Wednesday said it has partnered with a South Asia-focused startup to scale carbon credits from rice methane abatement, as demand rises for projects targeting the potent greenhouse gas.
Australian agency announces shortlist for new round of hydrogen funding
The Australian Renewable Energy Agency (ARENA) on Wednesday announced the shortlisted projects for the second round of funding under the Hydrogen Headstart programme.
VOLUNTARY
CCP label a gamechanger for voluntary carbon investors, say experts
The Core Carbon Principles (CCP) quality tag is proving to be a major driver of voluntary carbon interest, according to speakers at an industry event.
US CDR portfolio developer issues call for proposals targeting NbS, policy, and methane projects
A US carbon removal portfolio developer has issued a call for nature-based solutions (NbS), carbon removal (CDR) policy initiatives, and methane mitigation projects seeking funding through the next year.
Big investors are waiting for carbon removal developers to prove their record
Startup carbon removal developers will struggle to attract large sums of capital in the coming years, as institutional investors remain wary of projects that lack offtake agreements and proven results, finance experts told a conference in London on Wednesday.
BRIEFING: Reforestation projects need capital, ratings clarity to unlock buyer demand, panellists say
Reforestation projects need earlier capital and clearer ratings signals to unlock buyer demand, panellists said on Wednesday, as companies weigh project quality, risk mitigation, and community benefits following Microsoft’s pause in carbon removal (CDR) purchases.
Two to tango: Pairing commodity and carbon revenues helps mitigate investor risk, experts say
Combining revenues from carbon credits with the underlying commodity such as timber or crops is necessary to deliver a workable business case for many forestry and soil carbon projects, experts said at a conference in London.
Carbon standard expands REDD+ risk mapping coverage to 16 jurisdictions
A voluntary carbon standards body has expanded its jurisdictional REDD+ risk mapping framework to Bolivia, Nigeria, Peru, and Tanzania, bringing coverage under a forest conservation methodology to 16 jurisdictions globally.
CDR financing model needs “fundamental revamping” to scale -paper
Carbon credit markets will not scale permanent carbon removals (CDR) without a new financing model that raises prices, reduces volatility, and creates long-term demand, according to a paper published Tuesday.
INTERNATIONAL
Global broker launches risk and insurance solution for carbon capture
An insurance group on Wednesday launched a product for carbon capture and storage (CCS) projects, offering risk coverage across the CO2 value chain.
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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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