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TOP STORIES
PREVIEW: Expectations wide-ranging for Q2 RGGI auction amid recent volatility, but sale set for all-time high clear
The Q2 RGGI carbon auction could result in clears between several dollars below or above current secondary market prices, which have fluctuated at historic highs amid unprecedented volatility recently, traders and analysts told Carbon Pulse ahead of Wednesday’s sale.
PREVIEW: Clear near 2026 APCR Tier 1 trigger expected at Q2 Washington auction
Traders and analysts polled by Carbon Pulse ahead of Wednesday’s Q2 Washington carbon auction said they expect the auction to clear all available supply at prices within a couple of dollars of the 2026 Allowance Price Containment Reserve (APCR) Tier 1 trigger, although views were somewhat split on whether that would be at, above, or below that level.
DAILY NEWS TICKER
CP Daily News Ticker: 2 June 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
Senior EU Commission official urges Parliament to swiftly adopt ETS market stability changes
A high-level European Commission official is calling on the European Parliament to make a swift decision on tweaks to the EU ETS’s Market Stability Reserve (MSR), in order to prevent the permanent cancellation of the allowances held in the reserve.
INTERVIEW: Energy boss urges channelling EU ETS cash into electrification drive
E.On’s CEO Leonhard Birnbaum is urging EU policymakers to channel revenues from the Emissions Trading System (ETS) into electrification and industrial decarbonisation, warning that Europe’s weak investment climate risks derailing the bloc’s net zero plans.
Euro Markets: EUAs reverse early decline as market focuses on technical level ahead of auction pause
European carbon allowances reversed an early decline on Tuesday as the market focused on a key technical level ahead of the fortnightly pause in the auction programme, with sources expressing some consensus that prices just below the €80.00 level are appropriate for the moment.
EU industrial leaders call for ETS and CBAM ‘recalibration’ to preserve competitiveness
EU industrial leaders have called for a comprehensive rethink of the EU’s Emissions Trading System (ETS) and Carbon Border Adjustment Mechanism (CBAM) to keep CO2 costs under control, and keep industrial production in Europe as large emitters are weaned off free allowances.
Europe’s power industry urges EU ETS clarity as electrification shift accelerates
The European power industry is pressing for greater certainty around the bloc’s Emissions Trading System (ETS) and Carbon Border Adjustment Mechanism (CBAM), as the impetus for electrification shifts from emission cuts to core industrial competitiveness, according to a new report published ahead of the European Commission’s upcoming Electrification Action Plan.
Researchers urge EU to rethink CBAM as global climate cooperation weakens
The European Union’s flagship Carbon Border Adjustment Mechanism (CBAM) may be ill-equipped to protect European industry in an increasingly fragmented global economy, according to a new study that calls for a major redesign of the policy.
EU Parliament groups clash over plan to relax cars CO2 rules
Political groups in the European Parliament clashed on Tuesday over plans to relax CO2 emission standards for cars, with conservative and far-right parties pushing to scrap the 2035 end date for sales of new combustion engine vehicles, against resistance from centrist and left-wing groups.
Carbon removal registry seeks to certify credits under EU’s CRCF
A major carbon removal (CDR) registry will evolve to issue three different classes of credits, it said Tuesday, after announcing plans to certify units under the EU’s Carbon Removals and Carbon Farming (CRCF) scheme.
UK sets 87% emissions reduction target in seventh carbon budget
The UK government has proposed a new climate target requiring an estimated 87% reduction in greenhouse gas emissions by 2038-2042 compared with 1990 levels, arguing that faster action on clean energy will strengthen energy security, cut household costs, and support economic growth.
British industries, manufacturers want UK-EU ETS link-up as soon as possible, say experts
British industries and manufacturers want the UK and EU to tie up their emissions trading schemes as soon as possible, in order to minimise the challenges of navigating two separate, and diverging, markets and border carbon fees, representatives told a House of Lords committee on Tuesday.
UK net zero economy added £105 bln, supported 1.1 mln jobs in 2025 -report
The UK’s net zero economy generated around £105 billion in gross value added (GVA) in 2025 and supported 1.1 million full-time equivalent jobs, equal to 3.8% of the national economy and 3.1% of total employment, according to analysis published Tuesday.
Over €100 bln in renewables stuck in European grid queues -report
More than €100 billion worth of renewable energy and battery storage projects are stuck waiting for access to local electricity grids across eight European countries, according to a report released on Tuesday by consultancy AFRY for campaign group Beyond Fossil Fuels.
German govt carbon offsetting for travel slumps amid shortage of high-quality credits -media
Germany’s federal government has slashed spending on carbon offsetting for official travel by more than 90% in 2025 as stricter international standards left policymakers struggling to find enough qualifying carbon credits, according to Table.Briefings.
South African tour operator looks to lure tourists with carbon offset safari nights
Tourists on safari in South Africa can now offset their carbon emissions through a new partnership between a luxury tour firm and a grassland restoration project certified under Verra’s VM0042.
Benin eyes carbon markets to help deliver new Paris climate plan
Benin has raised its climate ambition under a newly submitted Nationally Determined Contribution (NDC), pledging to cut greenhouse gas emissions by one-third over the next decade while positioning itself to tap international carbon markets under Article 6 of the Paris Agreement.
Carbon intensity of carmakers rivals oil majors as reporting gaps mask emissions -report
Automakers’ carbon intensity can exceed that of some major oil and gas companies when vehicle-use emissions are adjusted for real-world driving, a report published Tuesday has found.
AMERICAS
Peru targets 726k ITMO transfer to Switzerland from clean cookstoves project
Peru has become the first country in Latin America to register a cooperative approach project on the UNFCCC Article 6 platform, with the clean cooking programme expected to provide Switzerland with more than 726,000 Internationally Transferred Mitigation Outcomes (ITMOs) by 2030.
IETA proposes hybrid Article 6 model for Brazil, retaining half of mitigation outcomes at home
Brazil should consider an Article 6 strategy that allows the export of carbon credits while retaining 50% of mitigation outcomes for domestic climate targets, carbon trading industry group IETA said in a new report.
Canada doles out nearly C$2 mln for carbon storage projects
Canada will boost two carbon storage assessment projects on its east coast with C$1.7 mln ($1.2 mln) alongside a larger energy funding launch.
Canadian CDR developer nearly tripled Q1 revenue YoY in “strong start” to 2026
An offsets developer based in British Columbia reported net earnings of C$693,200 ($500,900) in the first quarter of 2026 and nearly tripled the company’s quarterly revenue year-on-year.
Federal, policy roadmap shows US incentives needed to unlock 1 mln tonnes mCDR
Flagging waning federal investment in marine carbon removal (mCDR), a non-profit published a roadmap on Monday with policy and regulatory changes the US needs to implement to advance to the million-tonne scale of deployment.
Minnesota seeks dismissal of Trump administration challenge to fossil fuel deception case
Minnesota has urged a federal court to dismiss a US lawsuit seeking to halt its climate deception case against ExxonMobil, Koch Industries, and trade association American Petroleum Institute (API), arguing the federal government has no direct injury and no legal basis to intervene.
Offsets firm founder sentenced to 14 years in US prison over $248 mln fraud scheme
A co-founder of a California-based carbon offsets developer and fintech startup has been sentenced to 14 years in a US prison after admitting to a years-long fraud scheme that prosecutors said caused $248 million in losses to lenders and investors.
North American organic fertiliser emissions below IPCC defaults, but swine manure emerges as hotspot -study
Nitrous oxide (N2O) emissions from North American agricultural soils amended with organic fertilisers are substantially lower on average than the default factors used in international greenhouse gas inventories, though certain manure types and management practices remain significant emissions hotspots, according to a new study.
Methane certifier awards top marks to oil major
A certifier of methane emissions has awarded its top ranking for the first time to a major oil and gas giant for its production in the Gulf of Mexico.
ASIA PACIFIC
BRIEFING: Proposed power to bar problem ACCU methods will undermine market confidence, consultation feedback claims
Australia’s proposed reforms to its carbon market have been broadly welcomed by groups as a long-awaited step towards shoring up integrity in the scheme, but some have urged parts of it to be scrapped, citing market confidence concerns.
Australian project developer sees executive team quit
An Australian carbon project developer has seen four members of its executive team leave the company in recent weeks, blaming what they said was a shift in company culture thanks to its new CEO and shareholders.
India seeks feedback on additional carbon credit methods
India has opened a public consultation on two additional draft methodologies under the offset mechanism of its Carbon Credit Trading Scheme (CCTS), looking to expand the range of activities that could generate carbon credits.
Shanghai to hold first permit auction via regional carbon trust
Shanghai will soon release a batch of permits into its emissions market, managed through a newly established trust designed to support the regional carbon trading scheme.
China releases accounting guidelines for non-fossil electricity consumption
Chinese regulators have issued new guidelines for accounting non-fossil fuel electricity consumption, aiming to establish a unified framework and provide a foundation for achieving the country’s dual-carbon targets.
New Zealand climate commission consults on emissions advice update following methane target weakening
New Zealand’s Climate Change Commission (CCC) is seeking feedback on how to update its advice on the country’s fourth emissions budget, covering 2036-40, following last year’s lowering of the biogenic methane target, it said on Wednesday.
Australia’s New South Wales commits A$225 mln to low carbon manufacturing, clean tech innovation
The New South Wales state government has announced A$225 million ($161 mln) in grant funding to go towards a broad range of clean tech innovation and manufacturing initiatives.
Variations identified in first wave of Australia’s climate disclosure reports
There is a big variation in how Australian corporates are interpreting and applying climate disclosure requirements, analysis of the first reports found.
VOLUNTARY
Verra approves first jurisdictional and nested REDD+ carbon programme
Verra has approved its first-ever government-led REDD+ project, a milestone as countries seek to monetise the avoided deforestation sector under jurisdictional carbon crediting.
Carbon market maker eyes superpollutant credits in partnership with ratings agency
A carbon removal market maker is partnering with a ratings agency as it expands its purchasing into the “ugly ducklings” of the carbon market – superpollutant credits, which it says are vital to averting imminent climate tipping points, the two announced on Tuesday.
F1 racing engineers play a role in soil carbon measurement breakthrough
A developer of enhanced rock weathering projects has worked with Formula 1 racing engineers on a new soil carbon measurement process that significantly reduces sampling time and associated emissions.
Carbon removals vulnerable to uncertain demand, concentration -report
Concentration among a handful of buyers, weakening prices, and policy uncertainty are threatening the scale-up of carbon removal (CDR) despite recent growth in the sector, according to a report released on Tuesday.
Disturbed peatlands release millennia-old carbon, study finds
Drainage and repeated fires released large stores of ancient carbon from tropical peatlands in Indonesia over less than two decades, with the estimated loss reaching 30-41 kg of carbon per square metre of affected peatland, researchers have found.
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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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