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TOP STORY
FEATURE: ICAO decision to block Zimbabwe credits reveals a disconnect with Paris Agreement rules
The news that Zimbabwe’s carbon credits are barred from the international aviation offsetting scheme CORSIA has sparked concerns elsewhere in Africa of a disconnect between Paris Agreement and ICAO rules – and may dissuade others from following a similar model for their national carbon registries.
DAILY NEWS TICKER
CP Daily News Ticker: 5-7 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
Lawmakers see final deal on EU ETS Market Stability Reserve in September
A centrist alliance in the European Parliament is pushing to adopt their position on the revision of the EU ETS Market Stability Reserve (MSR) in September, paving the way for a final deal with EU member states in the same month.
EU set to integrate carbon removals into national climate goals for the first time
Member states will for the first time be able to use EU-certified permanent carbon removal credits to meet their national climate targets for agriculture, forestry, and other non-ETS sectors under proposals due to be presented later this year, a senior official has said.
Italy calls for new EU ETS ‘fallback’ benchmarks to apply retroactively
Italy has urged the EU to introduce new, softer sector-specific benchmarks that determine the number of free CO2 permits industries receive from 2027, saying it wants these changes applied retroactively to 2026 as well.
INTERVIEW: EEX will stop REPowerEU carbon auctions once €20 bln target is hit, CEO confirms
The EEX exchange will stop auctioning carbon allowances to fund the bloc’s plan to exit Russian fossil fuels as soon as the €20 billion target is hit, the CEO of the exchange told Carbon Pulse, which could mean around 20 million fewer allowances are auctioned in 2026 than currently scheduled, assuming EUA prices remain at their current levels.
France seeks allies to stop EU ETS extension to international flights
France is trying to rally other EU governments to oppose the extension of the EU Emissions Trading System (ETS) to flights departing the bloc, and plans to raise the issue at a ministerial meeting on Monday, Carbon Pulse understands.
Brussels approves Lithuania’s €884 mln social climate plan, backed by ETS revenues
The European Commission has endorsed Lithuania’s Social Climate Plan, making it the second country after Sweden to secure approval under the EU’s Social Climate Fund, which is designed to cushion the impact of extended carbon pricing on households and small businesses.
Axing MSR ‘invalidation clause’ risks new oversupply shock in EU carbon market, watchdog warns
Carbon Market Watch has urged EU lawmakers to reject a European Commission plan to scrap the EU ETS Market Stability Reserve’s invalidation rule, warning it would “neutralise” the reserve’s core function and risk a new period of structural oversupply and depressed carbon prices.
EU climate investment stalls as bloc falls €344 bln short of 2030 needs -report
Europe risks repeating a damaging cycle of reacting to energy crises rather than preparing for them, after climate investment stagnated for a third consecutive year and covered barely three-fifths of what is needed to meet the EU’s 2030 climate and energy goals, according to new analysis from the Institute for Climate Economics (I4CE).
CEE Roundup: New Bulgarian government may add to regional pushback on EU climate rules
Last month’s change of government in Bulgaria could sharpen Sofia’s tone on EU climate policy, adding to wider Eastern European pressure for more flexibility on carbon costs, industrial rules, and border carbon fee exposure.
ICE loses legal battle with environmental markets firm over use of tradename
London’s Intercontinental Exchange (ICE), the world’s largest marketplace for environmental derivatives, has lost a legal tussle this week over its world famous acronym, after a Dutch court ruled that a crypto trading company, owned by an environmental markets firm and using a similar branded registration, did not infringe on the bourse’s trademark.
Euro Markets: EUAs post 4.6% weekly loss despite Friday consolidation amid macro weakness
EU carbon prices posted their first weekly loss since the start of May, even as the market consolidated on Friday and only posted a modest 0.2% decline amid wider weakness across many asset classes, after early dip-buying had brought prices back from a two-week low.
UK waste-to-energy plant completes major CCS upgrade
A UK energy-from-waste operator has completed a major upgrade at a West Yorkshire plant earmarked for carbon capture and storage (CCS) deployment, it said Monday.
AMERICAS
Futures fall as Q2 RGGI auction clears well below secondary prices, RGGI states say they’ll begin affordability process
The Q2 RGGI carbon auction cleared nearly $9 below secondary market prices ahead of the sale, sending futures prices plunging on Friday as participating states said they intend to begin a process for considering targeted measures to protect energy affordability and reliability.
Virginia should postpone RGGI return until at least 2027 to prevent utility rate spike -paper
Virginia should postpone its return to RGGI until at least 2027 to prevent a spike in utility rates, according to a paper published by a Washington DC-based think tank.
US Class VI permit approvals build in Q1 despite slowdown in applications -report
Carbon capture and sequestration (CCS) opportunities are expanding as the US EPA and states with Class VI primacy are starting the year off approving applications for drilling permits to inject CO2 underground, according to a quarterly report published by a Canadian energy data analytics company.
US bank signs second carbon removal deal with bio-oil developer
A large US bank has signed its second carbon removal offtake deal with a developer of bio-oil projects, bringing its total commitment with the company to 90,000 tonnes.
New York legislature passes data centre moratorium bill as power demand tests grid, climate goals
New York lawmakers passed a bill that would impose a one-year moratorium on permits for large data centres, require larger facilities to source increasing shares of electricity from renewable energy, and direct utilities to shield other customers from costs linked to serving the sector.
CFTC: Producers, managed money diverge across CCA, RGA holdings
Producers and financial players moved in opposite directions across the North American carbon credit schemes reported by the US Commodity Futures Trading Commission (CFTC), particularly in California Carbon Allowances (CCAs) and RGGI Allowances (RGAs).
California power emissions rise YoY in April as natural gas drops
California power sector CO2 emissions increased roughly 1.6% year-on-year (YoY) in April, even as the share natural gas-based generation decreased, recently published grid operator data showed.
Supply chain, financing pressures keep corporate carbon accounting in play despite broader ESG pullback -panellists
Companies are continuing to use GHG accounting to guide investment, procurement, and emissions reduction decisions despite a more uncertain North American disclosure landscape, as climate risk, financing needs, customer demands, and supply chain pressure keep emissions data on the corporate agenda, panellists said on Thursday.
ASIA PACIFIC
Australia risks losing A$100 bln green iron, steel industry without Asia deals -report
A report warned Australia could miss out on a $100 billion ($71.2 bln) green iron and steel industry if the federal government fails to secure demand‑side deals with key trading partners in Asia.
Japan acquires latest batch of ITMOs from Palau
Japan and Palau have completed their first transaction of the Internationally Transferred Mitigation Outcomes (ITMOs) under the Tokyo-led Joint Crediting Mechanism (JCM), they announced.
NZ Market: NZU price tightly rangebound, as another non-event auction looms
New Zealand allowance prices traded tightly this week in the low NZ$50s ($29s), as next week will see another government auction that is unlikely to clear.
CN Markets: CEA trading price remains rangebound, analysts forecast June dip
Trading in the Chinese emissions market remained rangebound this past week amid a lack of policy updates, with analysts projecting the bid price to dip below the RMB 80 ($11.81) threshold in June.
VOLUNTARY
BRIEFING: CDR buyers, developers look to next phase of market
Buyers of Canadian carbon removal (CDR) are diversifying, as are their portfolios, but work remains on broadening the demand signal, according to market stakeholders.
Newly-launched forest conservation finance vehicle seeks $50 mln for community-led projects
A forest finance facility launched Friday is targeting an initial $50 million raise to provide early-stage and continuity capital for Indigenous and traditional community-led forest conservation projects.
INTERNATIONAL
Multilateral forest facility’s investment arm finds host in Luxembourg
The investment arm of the Brazilian COP30 presidency’s flagship Tropical Forest Forever Facility (TFFF) will be hosted in Luxembourg, the TFFF’s newest contributor, it was revealed Friday.
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