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TOP STORY
DATA DIVE: One-third of stakeholders back including carbon credits in EU ETS
Only a third of EU ETS stakeholders are explicitly in favour of allowing the use of international carbon credits in the cap-and-trade market, whereas a strong majority backs the bloc’s use of credits outside the scheme, data from the European Commission’s call for evidence reveals.
DAILY NEWS TICKER
CP Daily News Ticker: 27 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
Euro Markets: EUAs set new 15-week high before afternoon rapid reversal leaves 0.9% gain
European carbon made an early run at the €80 mark on Wednesday as the surge in buying activity extended into a second day, before profit-taking in the afternoon took the shine off the day, while UKA prices also posted a daily gain despite post-midday weakness as both markets continued to reflected greater optimism around regulatory and political changes to come.
Market barriers may weaken EU ETS price signal, study finds
Short planning horizons among EU ETS participants and industrial investors, alongside limits on allowance banking and policy risk, could weaken carbon price signals, delay low-carbon investment, and push steelmakers towards less efficient transition technologies, a recent study has found.
Carbon, biodiversity credits could support large-scale primary forests in western Europe -study
Market-based carbon and biodiversity mechanisms are one option that could help overcome key financial barriers to expanding primary forest protection in the EU, according to a study.
Ireland to push renewables, EU-UK ETS link during its Council presidency
As the incoming presidency of the Council of EU member states, Ireland intends to push renewables and ensure that carbon market cooperation with the UK benefits both sides, Minister of State Thomas Byrne said on Wednesday.
BP chair exit prompts question about oil and gas giant’s reset to fossil fuels
A green shareholder activist group has claimed the firing of BP’s chairman on Tuesday is fixing a symptom, rather than the cause of the company’s broken governance, in a world where oil and gas profits may be squeezed in the future.
BASF plans €12 bln share buybacks despite EU carbon cost complaints
German chemicals giant BASF plans to buy back €12 billion of its own shares between 2025 and 2028, even as it complains about EU carbon compliance costs, according to a new paper warning against significantly weakening the EU’s Emissions Trading System (ETS).
Dutch carbon standard approves methodology for voluntary credits from crop residues
A Dutch carbon market standard setter has approved a new methodology for generating voluntary credits from crop residues transformed into long-lived biobased construction materials, in a move aimed at supporting circular building supply chains and scaling carbon storage in the built environment.
Ireland falling far short of goal to halve emissions by 2030, EPA warns
Ireland is still falling short of its legally binding goal to halve emissions by 2030, and needs to implement a wide range of policies to hit a projected reduction of 25%, the country’s Environmental Protection Agency (EPA) said on Wednesday.
Irish data centre boom a cautionary tale for Europe, NGOs say
Ireland’s data centres have already added an estimated €715 million to household electricity bills between 2015 and 2023 and are now consuming more than 22% of the country’s electricity — the highest share in the world – according to a report published on Thursday, ahead of an EU policy initiative on AI and energy.
Electrification can strengthen EU competitiveness, think tanks say
The EU could implement electrification policies to reduce reliance on imported fossil fuels while using carbon pricing to boost the competitiveness of some industrial sectors, according to a paper shared by three European think tanks on Wednesday.
Africa Roundup: Zimbabwe’s turbulence highlights political risks in continent’s race for international carbon markets
Zimbabwe’s dispute over the eligibility of its carbon credits for aviation offsetting scheme CORSIA highlights the persistent political uncertainties around Sub-Saharan Africa’s race to enter international carbon markets – while scientific studies warn that carbon investments could be key to saving the continent’s vital forest sinks.
Ethiopia secures $9.8 mln to scale nature-based climate solutions
The Global Environment Facility (GEF) has committed $9.8 million to a UN-led nature-based climate resiliency initiative in Ethiopia, it announced this week.
AMERICAS
Q2 WCI carbon auction sells out near $29
The Q2 California-Quebec carbon auction last week sold out above the 2026 price floor but a bit below the $29 mark, within the expectations of most market participants, according to a notice published Wednesday.
ANALYSIS: States, industry groups urge SCOTUS to curb local climate liability suits against oil companies
A broad coalition including the US federal government, states, business groups, legal scholars, and tribal interests has urged the US Supreme Court (SCOTUS) to block a landmark climate damages lawsuit against two oil companies, arguing it would let local governments regulate GHG emissions through state tort law.
California issues more than 75k offset credits without DEBs
The California regulator issued fewer than 75,500 compliance-grade offsets over the most recent reporting period, with no direct environmental benefits (DEBs) to the state, according to data released on Wednesday.
Alberta releases draft update of CCS quantification protocol for public comment
Alberta is seeking public comment on proposed updates to its carbon capture and sequestration (CCS) quantification protocol that would let eligible direct air capture (DAC) projects account for low-carbon electricity, while clarifying how removal credits and storage reversals would be handled under its large-emitter system.
Policymakers should pursue integration of North American carbon markets -report
US policymakers should align voluntary and compliance carbon markets around common standards and infrastructure to improve market efficiency, a public policy group reported.
Brazil deforestation remains below 1 mln ha in 2025 for first time in six years -report
Brazil’s total area of native vegetation deforested remained below 1 million hectares in a single year for the first time since 2019, according to a new report.
Carbon royalties firm narrows VCM focus, sells remaining removal credit inventory
A Toronto-headquartered carbon and precious metals royalty and streaming company has sharply narrowed its focus on voluntary offset markets after pulling back from a large-scale regenerative agriculture programme, while continuing efforts to monetise forestry credits and advance a planned merger.
ASIA PACIFIC
China’s climate progress in doubt amid emissions intensity metric shift
China effectively halved the growth in its CO2 emissions over the past five years by revising the way it measures key climate targets, a new analysis argued.
India needs national CO2 pipeline to boost CCS deployment -study
India should build a national CO2 transport network alongside its existing natural gas pipelines to overcome land acquisition hurdles and boost carbon capture and storage deployment, according to a study.
NZ ETS-covered industrial eyes restart
One of New Zealand’s industrial emitters is set to resume operations, it announced on Wednesday, following an early stage agreement to power the site with renewable energy.
NZ govt ignored officials’ advice not to ban climate torts, halt active litigation
Officials advised the New Zealand government against legislating to ban climate-related tort claims, newly released papers showed, while their analysis found that allowing courts to consider such claims against corporates could leave some with a higher standard than required under the country’s emissions trading scheme.
Australian carbon developer offers stake in business
One of Australia’s largest project developers is seeking buyers for an at-least 50% stake in the business, according to media reports.
Australia registers second nature project, twinned with carbon
The second project under Australia’s Nature Repair Market (NRM) has been registered, combined with a carbon credit project.
Japanese oil refiner joins domestic industry consortium to build alcohol-to-jet SAF supply chain
A major Japanese oil refiner has partnered with a startup to establish a domestic supply chain for 100% sustainable aviation fuel (SAF) using alcohol-to-jet (ATJ) technology.
South Korea launches national programme to secure SAF supply through organic waste conversion
South Korea has launched a national research programme aimed at bolstering sustainable aviation fuel (SAF) supply, with a primary focus on converting spent coffee grounds and animal fats into viable fuels.
Nature-based solutions are central to economic stability in the Philippines -report
Nature-based solutions (NbS) are key to economic stability, food security, and disaster risk reduction in the Philippines, according to a report shared with Carbon Pulse.
VOLUNTARY
Legacy carbon credits face rising audit risk, guide says
Corporate buyers of legacy voluntary carbon credits could face growing audit, disclosure, and impairment risks as carbon accounting rules tighten, according to a recent guide by a US investment bank.
Gold Standard opens consultation on methane from waste reduction methodology
Gold Standard has opened a consultation on updates to a methodology that credits activities that tackle methane emissions during organic waste disposal, which will align with requirements set out under Article 6 of the Paris Agreement.
Temporary CDR could support methane accounting, but not CO2 offsetting -study
Temporary carbon removal (CDR) could have a scientifically valid role in compensating short-lived climate pollutants such as methane, but should not be used to offset CO2 emissions directly, according to a new study.
INTERNATIONAL
PCF26: Peru plans frenzy of registry, Article 6 announcements by June -official
Peru will by June accredit new standards to its national RENAMI carbon registry and approve over a dozen Article 6 projects, just on the heels of its recent authorisation of a flagship clean cooking project under Article 6.2, according to a senior official.
Peru eyes REDD carbon sales into Singapore under Article 6 by 2027, says developer
Peru will be looking to sell around 1 million forest carbon credits a year into the Singapore market under its bilateral Article 6.2 deal, a project developer told Carbon Pulse this week.
SIDS look to Bonn talks to shape new 1.5C tools around project delivery
Small island developing states (SIDS) are pushing for two emerging 1.5C implementation tools to become practical routes for faster finance and project delivery, as negotiators look to shape the initiatives ahead of the SB64 talks in Bonn, Germany.
COMMENT
Clean cookstoves are becoming a carbon market litmus test
Local communities must be put at the heart of clean cooking projects for them to generate credible carbon credits and fulfil their potential as one of the only climate measures that can be deployed fast and at scale in displacement settings.
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EVENTS
Latin America Climate Summit (LACS) 2026: June 2-4, Monterrey, Mexico – As part of IETA’s regional summits, we are pleased to announce that we are partners of the flagship LACS 2026 event being held at EGADE Business School y Escuela de Gobierno y Transformación Pública del TEC de Monterrey. With around 600 delegates, LACS combines regional leadership with global perspectives, focusing on how emerging emissions trading systems, carbon taxes, international market mechanisms, and innovation-driven infrastructure promote real climate action and sustained economic growth. As an in-person event with simultaneous English-Spanish interpretation, LACS offers a unique opportunity to engage directly with policymakers, market developers, investors, communities, and innovators, helping shape the architecture of carbon markets both regionally and globally. Check out the event page, or 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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