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TOP STORY
EU’s Market Stability Reserve to withdraw another 190.5 mln allowances from ETS starting Sep. 2026
A shrinking surplus of EU Allowances will see the bloc’s Market Stability Reserve (MSR) absorb 85 million fewer permits over the next year, according to figures published by the European Commission late Friday that showed the market surplus dropping below a key threshold for the first time.
DAILY NEWS TICKER
CP Daily News Ticker: 29-31 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
Four EU states urge revision of ETS fallback benchmarks before 2027
Germany, France, Spain, and Estonia have urged the European Commission to address concerns about fallback benchmark values that determine the volume of free CO2 permits distributed under the EU Emissions Trading System (ETS), warning that current plans could push some factories to shut down and relocate abroad.
BRIEFING: Campaigners pose three quality approaches for use of international credits in EU
The European Union should adopt a hybrid approach when considering the quality of international credits that could count towards its 2040 emission reduction target, using self-set principles to assess against the Paris Agreement Crediting Mechanism (PACM) and other quality benchmarks, two non-profits said this week.
Euro Markets: EUAs end week nearly 5% higher, bolstered by cooling demand
European carbon posted further gains on Friday, after a week that saw the benchmark contract increase by nearly 5%, with UK carbon prices up nearly 10% for the week, as news emerged that the US and Iran have reached a preliminary agreement to extend the ceasefire by 60 days, bringing hope that blockade of the Strait of Hormuz would come to an end, which led to European gas prices sliding marginally.
Majority of EU importers already including CBAM charge in final cost to customers
Most EU importers are already passing on expected costs from the Carbon Border Adjustment Mechanism (CBAM) to their customers, importers and consultants said at a conference this week.
Non-profits appeal EU green taxonomy ruling over forestry, bioenergy criteria
A group of environmental non-profits has appealed a lower EU court ruling on the bloc’s sustainable finance taxonomy, arguing the decision allows climate-damaging forestry and bioenergy activities to be labelled as green.
Bulgaria and Romania seek €342 mln in EU ETS cash to expand gas network
Bulgaria and Romania are seeking €342 million from the EU’s Modernisation Fund to finance seven gas pipeline projects, an NGO analysis has found.
Poland warns against low-carbon criteria in EU public procurement
Warsaw has issued a stark warning against low-carbon criteria in the new public procurement regime proposed under the Industrial Accelerator Act (IAA), saying it risks disadvantaging countries like Poland with high-carbon energy mixes, and dividing the EU between green leaders and laggards.
Poland could deliver 45 Mt of removals by 2050, driven mainly by nature-based solutions -report
Poland is projected to have around 45 million tonnes of carbon removal (CDR) potential in 2050 under a high-ambition scenario, led by ecosystem enhancement such as afforestation and peatland restoration, while its abundant biomass resources could support pathways like biochar, according to a climate non-profit.
Spain wins EU nod for €9 bln electricity backup scheme
The European Commission has cleared Spain’s plan to spend up to €9 billion over ten years on a capacity mechanism to safeguard electricity security, a move campaigners say will be a key test of whether Madrid backs clean flexibility or prolongs gas-fired power after a major blackout last year.
European ports urge EU to address maritime ETS leakage risks in upcoming review
A European ports association has called on the European Commission to address business and carbon leakage risks in its upcoming revision of the EU Emissions Trading System (ETS), warning that the carbon market’s maritime rules are weakening EU ports and short-sea shipping.
AMERICAS
California regulator approves long-awaited ETS rules revamp
California regulator ARB approved long-awaited updates to the state’s Cap-and-Invest Program during a Friday hearing.
US oil company retires forest credits from Guyana worth $250 million
A US oil major this week retired an estimated $250 million in avoided deforestation credits generated as a byproduct of one of the largest oil discoveries in decades, a project that has since sparked a multi-billion dollar legal battle.
US SEC moves to scrap climate disclosure rules
The US Securities and Exchange Commission (SEC) proposed on Friday to rescind its climate-related disclosure rules in full, arguing the requirements exceeded its statutory authority and would impose costs on public companies not justified by the resulting information provided to some investors.
Brazil’s Supreme Court declares mandate for insurers to invest in carbon credits unconstitutional
Most of the ministers of the Brazilian Supreme Federal Court (STF) voted to strike down the mandate for insurance companies to invest in carbon credits.
CFTC: Producers build CCAs, RGAs, while managed money cut net length
Emitters and financial players moved in opposite directions with their California Carbon Allowance (CCA) and RGGI Allowance (RGA) holdings during the most recent US Commodity Futures Trading Commission (CFTC) reference period.
Colombian ARR project receives issuance of first 230k removal credits
An afforestation project in eastern Colombia has completed its first verified issuance after seven years under development, with backers aiming to expand the planted area and bring additional volumes to market.
ASIA PACIFIC
CN Markets: CEA trading volumes rise, yet price rally stalls without policy catalyst
Trading volumes in China’s national emissions market improved over the past week, but permit prices remained stagnant in the absence of fresh policy updates.
Australia’s emissions fall as coal, gas power give way to renewables
Australia’s greenhouse gas emissions fell 2.1% in 2025, driven by record renewable energy generation and lower emissions from the fossil fuel sector, government data showed on Friday.
Mumbai mangroves could yield high‑integrity blue carbon credits, says NGO
Healthy mangrove ecosystems across India’s Mumbai Metropolitan Region, the country’s largest urban agglomeration, could generate six to ten carbon credits per hectare annually, with high‑integrity blue‑carbon credits fetching $20-50 and biodiversity‑linked credits up to $150, according to a white paper submitted to India’s Prime Minister’s Office.
Indonesia’s mangrove finance growth hinges on transaction readiness -report
Indonesia’s mangrove financing has grown more complex, backed by public budgets, international partnerships, and market mechanisms, but scaling up will depend on making projects transaction ready, a report said.
VOLUNTARY
Seaweed CDR potential falls sharply when including iron limits, study says
Seaweed-based carbon removal (CDR) could be far less effective than some global models suggest, as iron limitation and competition with phytoplankton reduce both cultivation potential and net ocean carbon uptake, according to a new modelling study.
Few dairy, coffee companies set methane targets for 2030 -report
Just three of 23 assessed dairy and coffee companies have published methane reduction targets for 2030, according to a report released this week.
INTERNATIONAL
BRIEFING: UN adopting ICJ opinion boost for Paris Agreement, international climate treaties
Last week’s UN General Assembly vote to adopt a resolution endorsing the International Court of Justice’s (ICJ) advisory opinion on states obligations on climate change is a boost for multilateralism and international climate frameworks, including the Paris Agreement, experts told Carbon Pulse.
ICE launches CORSIA liquidity provider programme covering futures, options
ICE Futures Europe has launched a new liquidity provider programme for its CORSIA carbon market contracts, in a move aimed at supporting trading activity across both current and future compliance periods of the UN aviation offsetting scheme.
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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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