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TOP STORY
More countries call for freezing or softening EU ETS benchmarks
Slovakia and Estonia have joined a group of four EU member states calling for freezing the benchmarks that determine the number of free allowances under the EU Emissions Trading System (ETS), while France and Spain voiced disappointment with the European Commission’s draft during an EU ministerial meeting on Thursday.
DAILY NEWS TICKER
CP Daily News Ticker: 28 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.
PERU CARBON FORUM
INTERVIEW: Latin American cookstoves developer plans Article 6 expansion
A clean cooking project developer operating in multiple Latin American countries has already obtained one Article 6 Letter of Authorisation (LoA) and is hoping to gain more, while keeping up with market trends toward high integrity, representatives told Carbon Pulse in Peru.
Bolivian framework bill to set the stage for carbon markets by July -official
Bolivia’s executive branch aims to present an overarching climate finance bill to the country’s national assembly by July – establishing the basis for both voluntary and compliance markets, among other instruments, a top official told Carbon Pulse at the Peru Carbon Forum this week.
FEATURE: 25 years on, Cordillera Azul epitomises struggle to balance conservation, carbon market protocols, and Indigenous rights
The non-profit in charge of Peru’s 25-year-old Cordillera Azul National Park (PNCAZ) turned to carbon finance over a decade ago to sustain its operations, creating a REDD+ mega-project – but following a turbulent few years beset with baseline challenges, methodology questions, and litigation surrounding free, prior, and informed consent (FPIC) from Indigenous communities, it is mulling its next steps.
LAC credits consolidate position in int’l VCM, REDD+ still dominates
Over 25% of carbon credits retired so far this year in the voluntary market (VCM) have come from Latin America and the Caribbean (LAC), where REDD+ units still dominate supply.
EMEA
New leak of EU methane penalty guidance sparks fears of enforcement “black hole”
The European Commission plans to recommend that member states suspend some of the penalties for fossil fuel importers that breach the EU Methane Regulation for up to three years, according to a leaked draft – in a move that is drawing sharp criticism from climate advocates.
With CBAM, the emissions data for imports is just as crucial as price -steel distributor
The EU’s Carbon Border Adjustment Mechanism (CBAM) is changing how EU importers select which products to buy, with emissions data transparency becoming as core of an issue as price, the CEO of a major European distributor of stainless steel products told a conference on Thursday.
Euro Markets: EUAs surpass €80 as energy prices seesaw on US-Iran deal
European carbon prices surpassed €80 for the first time since February while oil and gas futures seesawed as markets continued to wait for an expected agreement between Tehran and Washington to reopen the Straight of Hormuz.
Gradual ‘exchange rate’ could smooth path to ETS1 and ETS2 linkage, study says
The European Union could link its two emissions trading systems over time by introducing an explicit “exchange rate” for allowances, helping to avoid sudden price shocks, according to a new academic study on gradual market integration.
Brussels presses oil and gas majors to move faster on CO2 storage target
The EU is falling behind its 2030 target of reaching 50 million tonnes per year of CO2 injection capacity, with the European Commission warning oil and gas firms to accelerate their plans as 19 of them have launched legal challenges against their storage obligation.
Italian regulator steps cautiously towards compensating gas power plants for their ETS costs
The Italian energy regulator appears to be limiting the extent to which gas-fired power operators will be able to recoup compliance costs from the EU’s Emissions Trading System (ETS), likely in an effort to quell concerns from Brussels, according to new analysis.
UK removals platform for AI companies launches
A UK firm is launching a platform to sell up to 100,000 carbon-removal credits a year to cloud-computing providers.
AMERICAS
FEATURE: Canadian federal benchmark must mirror Alberta carbon pricing deal
Canada must tread lightly when updating its industrial carbon pricing act as Alberta’s new framework opens the programme to potential legal challenges, said experts.
WCI Markets: CCAs remain at four-month highs as wait for ARB vote on proposed ETS updates goes on
California Carbon Allowance (CCA) futures remained elevated at four-month highs as state regulator ARB’s Thursday hearing adjourned until the following day without a vote on proposed Cap-and-Invest Program updates.
California urges court to dismiss US lawsuit over vehicle emissions standards
California regulator ARB asked a federal judge on Tuesday to toss a Trump administration-led lawsuit challenging the state’s vehicle emissions standards, arguing the contested rules no longer support the federal government’s claims of harm.
Compact city planning could reduce car commute CO2 emissions -report
Urban planners seeking to reduce car-based commuting CO2 emissions should prioritise housing near city centres and employment hubs, a study released Thursday has suggested.
ASIA PACIFIC
INTERVIEW: Airline urges Asia to scale up CORSIA supply to keep climate finance in region
A major airline wants more Asian countries to authorise carbon credits for use under the aviation sector’s CORSIA scheme, saying the region risks losing out on billions of dollars in climate finance to other markets.
SK Market: KAUs hit three-year high, recover to KRW 20,000 mark as demand surges
South Korea’s carbon permit prices have climbed back to the KRW 20,000 ($13.30) level for the first time in three and a half years, driven by surging demand and leading analysts to upwardly revise their market forecasts.
South Korean developer secures $5.6 mln contract for CORSIA-eligible credits
A South Korean trader and project developer has signed a contract with a Singapore-based marketplace for carbon credit procurement worth KRW 8.38 billion ($5.59 million).
IETA urges India to speed up Article 6 deals, widen eligibility
Carbon market group IETA has urged India to move faster on Article 6 agreements and broaden the scope of eligible projects, warning the country risks missing out on billions of dollars in climate finance if implementation remains slow.
VOLUNTARY
FEATURE: Mounting pressure on net zero goals may force more flexible approach to target-setting, even as corporate interest surges
An emerging risk that many corporate net zero goals will not be met could push through greater pragmatism when outlining targets, as well as a more flexible approach across standard-setters, according to experts, even as the number of companies announcing science-aligned climate ambitions continues to grow.
Verra to decide on permanent integration of buffer-pool alternatives based on CCP eligibility
Carbon market standard Verra will decide whether to permanently integrate insurance- and fund-based alternatives to traditional buffer pools post-pilot, depending in part on whether credits issued under the approaches can qualify for integrity labels such as the Core Carbon Principles (CCP), according to a programme manager.
New guide offers recommendations for agricultural biomass-based CDR sourcing
A new guide released on Thursday by a New York-based advisory firm set out criteria for buyers sourcing agricultural residues for biomass-based carbon removals (CDR), citing the need for safeguards around soil health, livelihoods, and credit integrity.
Carbon registry aims for faster CDR credit issuances with new scheduling tool
A carbon removal (CDR) registry launched on Thursday a tool seeking to centralise audit scheduling and shorten the time to issuance.
INTERVIEW: Smaller carbon standards may be a better fit – and yield higher project value
Carbon buyers should assess projects based on quality, local fit, and delivery timelines rather than defaulting to dominant registries, a senior representative at a Colombian nature-based project developer told Carbon Pulse.
Data centre developer unveils integrated biochar platform targeting hyperscaler, institutional CDR demand
A UK-based data centre developer has launched what it described as the world’s first integrated carbon removal platform tailored to the data centre sector, seeking to bundle biochar production, credit generation, certification, monitoring, and financing into a single infrastructure-grade offering aimed at hyperscalers and institutional buyers.
mCDR should remain at pilot stage until safeguards improve, researchers say
Marine carbon removal (mCDR) credits are entering the voluntary carbon market (VCM) before key questions on monitoring, ecological risk, and governance have been resolved, according to a new preprint study.
INTERNATIONAL
FEATURE: How a legal mechanism used to obstruct climate policy is gaining strength
The rise in the number of cases brought by fossil fuel companies against governments, using Investor-State Dispute Settlement (ISDS), is stalling the energy transition and causing governments to hold back on more effective climate policy, despite growing awareness of the topic, say experts.
Global investment in oil declines for third year amid shift to renewables, finds IEA
Worldwide investment in oil will decline for a third consecutive year in 2026, while the shift to renewables and nuclear could accelerate after the US-Israeli war against Iran triggered a focus on energy security, the International Energy Agency (IEA) said Thursday.
2027 likely to be hottest year on record yet, UN warns
The world is on course for record-breaking average temperatures in excess of the Paris Agreement’s goals over the next five years, and 2027 could be the hottest, a UN agency has warned.
AVIATION/SHIPPING
Carbon project financier expects Vietnam LOA by year-end, sees airlines returning to CORSIA market after oil shock
A Canada-headquartered carbon project financier expects its Vietnam household devices programme to secure an governmental Article 6 Letter of Authorisation (LOA) before year-end, potentially positioning the initiative among the first projects approved under the Southeast Asian country’s new international carbon trading framework.
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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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