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TOP STORY
Canada-Alberta undercut existing federal benchmark with TIER C$140/t headline carbon price
Canada and Alberta have set a headline carbon price of C$140 per tonne by 2040 for the oil-producing province’s Technology Innovation and Emissions Reduction Regulation (TIER) market.
DAILY NEWS TICKER
CP Daily News Ticker: 15-17 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
CDR MONTHLY: Over 1 mln CDR tonnes contracted in April as removals registry records best month on record
April saw around 1.14 million tonnes of durable carbon removals (CDR) contracted, with deals that saw JPMorgan Chase and Boeing add to their existing portfolios, while a registry focused solely on CDR saw record monthly issuances and retirements.
INTERVIEW: Delivery certainty, long-term deals key to biochar CDR growth
Long-term procurement, delivery certainty, and measurable co-benefits are becoming increasingly important to scaling biochar carbon removals, a senior executive at the world’s largest biochar carbon removal producer by delivered volume told Carbon Pulse.
First real-world olivine marine CDR trial reports no adverse ecological impacts
Researchers have published what they describe as the first field-based evidence that deploying olivine sand for marine CO2 removal caused no detectable adverse effects on ocean ecosystems, potentially bolstering confidence in alkalinity enhancement pathways that have faced persistent environmental scrutiny.
Carbon accounting should track warming impacts over time to support emissions claims, industry researchers say
Companies using super pollutant abatement and carbon removal (CDR) to compensate for emissions should account for their warming impact over time, rather than rely on a single global warming potential horizon, according to a new preprint from researchers in the tech and CDR sectors.
CDR markets must move beyond voluntary offsets, with govts, supply chains seen driving new demand -think tank
Carbon removal markets will need to expand far beyond today’s voluntary offset model if the sector is to scale to the levels required to meet global climate targets, a think tank has warned, pointing to governments and supply chains as potential new demand drivers as concerns grow over the market’s reliance on big tech buyers.
Investment in carbon credits hits record high as buyers shift focus -analysts
Early-stage capital invested in the carbon credit market reached a record $22 billion last year as more buyers sought to lock in price and quality, according to an analyst group.
BRIEFING: Investors need clearer rules on what counts as climate solutions, experts say
Investors risk misallocating climate finance unless companies and banks use clearer definitions and reporting to show whether capital is flowing to credible low-carbon activities, finance experts said on Thursday.
AMERICAS
BRIEFING: Recent RGA spike “disproportionately” bullish, but prices to ramp up in coming years -analysts
The recent spike in RGGI Allowances (RGA) is “disproportionately bullish” and will ease this year, but the long-term price outlook for the programme is still strong, a pair of analysts said at a webinar co-hosted by Carbon Pulse this week.
California confirms May 28 hearing to consider proposed Cap-and-Invest updates
California regulator ARB published on Friday a notice confirming the May 28 date for a public hearing where proposed updates to the state’s Cap-and-Invest Program will be considered for approval.
CFTC: Producers, managed money both pull back in CCAs, RGAs
Both emitters and financial players pulled back in their overall net holdings in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), the latest weekly US Commodity Futures Trading Commission data showed.
Oil majors ask SCOTUS to reject state-law climate claims against fossil fuel producers
State-law claims seeking damages from fossil fuel producers over local climate harms would allow courts across the US to set conflicting national climate policy, oil companies argued in a Thursday brief to the US Supreme Court (SCOTUS).
California bill to protect carbon neutral claims tied to carbon credits fails to advance
A proposal to make it harder to sue companies over some “carbon neutral” claims based on voluntary carbon credits was effectively blocked in the California Assembly on Thursday.
BRIEFING: BECCS ambitions in Brazil hinge on carbon pricing, regulatory clarity
Brazil’s ethanol industry could become a globally competitive source of engineered carbon removals through bioenergy with carbon capture and storage (BECCS), but developers are still waiting for the regulatory clarity and carbon pricing signals needed to make projects financially viable.
Canadian carbon developer narrows net loss in Q1 as CORSIA sales begin
A Canada-based carbon project financier reported a Q1 net loss on Friday that was lower from the previous three-month period while also disclosing first-quarter sales of CORSIA-eligible cookstove credits.
EMEA
European utilities post Q1 slump in ETS-covered fossil burn
Several European power companies have this week reported a drop in generation from EU ETS-covered plants in the first quarter of 2026.
EU carbon prices to hold steady despite geopolitical risks, tighter balances seen later in 2026 -analysts
European carbon prices are likely to remain rangebound near-term despite persistent geopolitical turmoil and political pressure for EU ETS reform, but structural supply tightness should reassert itself later this year and lift prices towards winter, according to analysts at a European investment bank.
European chemical cluster needs CO2 network, stronger EU carbon policies -report
A major northwest European chemical cluster will need a cross-border CO2 network to cut emissions, but the sector will struggle to justify low-carbon investment unless EU carbon policies do more to protect producers from cheaper fossil-based imports, found a new study.
Euro Markets: EUAs solidify position above €75 as gas surges 14% over week
European carbon prices solidified their position above €75 amid thin trading on Friday, as oil and gas benchmarks surged following combative statements from the US President, while UK Allowances digested news that a key challenger to Labour Prime Minister Keir Starmer now has a clearer path to power, with a change of leadership potentially impacting progress on UK-EU market linkage talks.
Investment bank says €85 target means current EUA price an “interesting” entry point for buyers
European carbon prices are currently at “an interesting entry point” for buyers and could rise back towards €85 despite recent volatility, though any renewed spike in natural gas prices risks triggering political intervention that could weigh on the EU ETS.
FEATURE: Uganda’s late-stage Sovereignty Bill could clamp down on carbon markets
A new Ugandan bill to crack down on foreign vested interests in the country, broadly defined, poses grave implications for carbon project development in the emerging hub, local and international experts have told Carbon Pulse.
UK reportedly halves Green Climate Fund contribution amid aid spending cuts
The UK has reportedly slashed its contribution to the UN’s flagship climate finance vehicle by more than £800 million, in a move likely to deepen concerns among developing nations that wealthy countries are retreating from commitments to support the global energy transition and climate adaptation efforts.
ASIA PACIFIC
CN Markets: CEAs rebound to RMB 80 mark amid renewed policy expectations
China’s national emissions market climbed back above the RMB 80 mark in early May as liquidity improved, following government confirmation of a timeline to integrate financial institutions into the trading scheme.
Japanese energy company boosts CDR portfolio with investment in wastewater alkalinity enhancement startup
The venture capital arm of a major oil refiner in Japan has decided to invest in a US-based startup dedicated to wastewater alkalinity enhancement (WAE) solutions, marking its latest push into the carbon removal market.
New Zealand govt refreshes VCM guidance
The New Zealand government has updated its guidance for voluntary climate change mitigation efforts, just days after it unveiled its strategy to grow the voluntary carbon and nature markets.
Vietnam issues carbon market surveillance rules ahead of ETS pilot
Vietnam has issued a circular outlining market-surveillance architecture for domestic carbon trading, relying on its securities markets to detect and report abnormalities.
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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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