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TOP STORY
SB64: Article 6.2 TERs are in their lane, but PACM could add clarity, says UN
The UN’s Technical Expert Reviews (TERs) of Article 6.2 initial reports are fully within bounds, and are not erroneously applying Paris Agreement Crediting Mechanism (PACM) norms, a senior member of the UNFCCC has said.
DAILY NEWS TICKER
CP Daily News Ticker: 9 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.
SB64 UN CLIMATE TALKS
Kenya sets 10-mln ITMO cap for Article 6 transfers through 2030 -official
Kenya has set a 10-million credit budget capping the volume of Internationally Transferred Mitigation Outcomes (ITMOs) that can leave the country under Article 6 through to 2030, a senior official told a carbon markets side event at the SB64 UN climate talks.
BRIEFING – Plans for COP30 presidency’s twin roadmaps spark divergent reactions
The Brazilian COP30 presidency’s deforestation roadmap, presented in an early form on Monday, has been well received by a coalition of the willing, while the endeavour to draft a fossil fuel transition plan has sparked some backlash, Carbon Pulse heard in Bonn.
Adaptation Fund enters Paris era with “dire” financial needs, PACM funds still pending
Negotiators at the SB64 climate summit in Bonn are transitioning the Kyoto-era Adaptation Fund (AF) to Paris, with UN carbon markets historically contributing large sums to the fund – but financing from the Paris Agreement Crediting Mechanism (PACM) is still on standby.
Carbon markets surface in first round of COP30-mandated finance alignment dialogue
Carbon projects, pricing, and trading appeared in a new place on Tuesday: among the proposals to align public and private finance flows with low-emission development, as discussed in a first dialogue on the Paris Agreement goal.
COP31 Presidency unveils global electrification target to accelerate clean energy transition
The incoming presidency of COP31 has proposed a global target to increase the share of energy demand met by electricity to 35% by 2035, positioning electrification as a cornerstone of efforts to reduce emissions and accelerate the transition away from fossil fuels.
EMEA
PREVIEW: EU states, Parliament set to clash over ETS2 MSR’s invalidation clause
EU member states are set to resist the European Parliament’s push to start cancelling carbon allowances held in the reserve of the bloc’s new Emissions Trading System for buildings and transport (ETS2) from 2034, as well as the Parliament’s calls for stronger social safeguards.
European Commission preparing proposal to expand EU ETS to international flights -Bloomberg
The European Union is preparing a proposal to expand its carbon pricing system to cover international flights, according to an internal Commission document seen by Bloomberg, a move aimed at strengthening climate action but likely to trigger opposition from international airlines and governments.
Aviation group warns EU against wider ETS scope in 2026 review
A European aviation alliance has warned the European Commission against expanding the EU ETS beyond flights within the European Economic Area (EEA), arguing that such a move could hurt European carriers and airports without delivering clear climate gains.
Italian industry presses Brussels for ETS overhaul, CBAM free allowances, further ETS2 delay
Italian industry is calling for a fundamental overhaul of the EU Emissions Trading System (ETS), along with a softening of the whole carbon market structure, warning that the market risks accelerating deindustrialisation unless major reforms are adopted.
Strong ETS “indispensable” for Europe, says banking federation
A strong and predictable EU Emissions Trading System (ETS) is essential to achieve Europe’s climate targets and support investment, the European Banking Federation (EBF) said in a public statement Tuesday.
European aluminium lobby calls for EU to fix CBAM loopholes, warns of threat to industry
European Aluminium has called on EU finance ministers and ambassadors to address what it describes as critical shortcomings in the bloc’s Carbon Border Adjustment Mechanism (CBAM), warning that the current proposal could fail to prevent carbon leakage in the aluminium sector.
EU-commissioned study recommends broader carbon border charges on imported goods’ electricity emissions
The European Commission has published a technical study recommending new approaches to account for electricity-related emissions in imported goods under the bloc’s Carbon Border Adjustment Mechanism (CBAM), potentially paving the way for broader carbon charges on imports from third countries.
EU’s new €25 bln clean tech initiative targets untapped Mediterranean renewables
The European Commission on Tuesday launched the Trans‑Mediterranean Renewable Energy and Clean Tech Cooperation (T‑MED) initiative, aiming to mobilise up to €25 billion in investments by 2035 to tap into the region’s vast but largely unused solar and wind potential.
Danish cement producer secures up to €2.2 bln in state support for CCS project
A Danish cement producer has secured up to DKK 16.5 billion (€2.2 bln) in state support for a large-scale carbon capture and storage (CCS) project expected to remove up to 1.25 million tonnes of CO2 a year from 2030, it announced Tuesday.
Euro Markets: Calm energy markets leave EUAs, UKAs drifting
EU carbon allowances fell back towards the €76 mark on Tuesday in a muted session that drew thin trade with the benchmark generally following gas and power movements, as participants pointed towards a broadly neutral configuration across the continent’s energy markets.
France opens final consultation on 2050 carbon neutrality roadmap, targets summer adoption
France has opened the final public consultation on the third version of its national low-carbon strategy (SNBC 3), giving stakeholders one month to comment before the climate roadmap is adopted by decree this summer.
UK air traffic controller invests in carbon removal credit for first time
An air traffic controller has agreed to buy £500,000 of durable removal credits from a diverse range of projects, as part of a UK Sustainable Aviation coalition that has pledged £2 million to stimulate the carbon removal (CDR) market.
European carbon trading firm opens Amsterdam office
A UK-headquartered carbon and energy trading outfit has opened a new office in Amsterdam, as it looks to expand its presence across France, the Benelux region, and continental Europe.
UN review flags major gaps in Malawi’s carbon market reporting
A United Nations technical review has identified significant weaknesses in Malawi’s reporting and governance arrangements for participation in international carbon markets under Article 6 of the Paris Agreement, raising concerns about transparency, accounting practices, and environmental integrity.
Forest group in Zambia raises about $113,000 from carbon trading
Zambia has signed a new agreement to advance jurisdictional climate action, formally integrating a major forest carbon project into its provincial framework.
AMERICAS
BRIEFING: California CCUS, CDR rulemaking split over scope, liability, and market role
California’s proposed carbon capture, utilisation, and storage (CCUS) and removal (CDR) regulations have drawn competing calls for broader project eligibility, tighter definitions, stronger community safeguards, and lighter-touch treatment of federally regulated geologic storage, according to public comments submitted to state regulator ARB.
US CDR advocates, Indigenous non-profits launch guides to steward partnership alongside scale
An initiative aimed at supporting Tribal Nations in the US navigate the growing carbon removal (CDR) landscape launched on Tuesday three guides for ensuring decision-making around the sector reflects Tribal priorities and goals.
FEATURE: Developers brace for Mexico-first carbon market after government signals
Mexican carbon project developers are increasingly preparing for a future in which domestic climate goals and the country’s emissions trading system (ETS) take precedence over international carbon credit exports, following fresh signals from the government that authorisations for overseas use may not be a near-term priority.
LATAM Roundup: Countries leap into transactional phase of Article 6 under bilateral agreements
Several Latin American countries crossed major milestones in the operationalisation of Article 6 markets last week, signalling a shift from years of institutional preparation towards the first wave of actual carbon transactions under the Paris Agreement.
Wildfires push Canada’s forests towards becoming a net carbon source, study finds
Canada’s forests are being pushed towards becoming a net carbon source as wildfire activity intensifies, according to a recent study.
Sustainability professionals not overly concerned by AI’s environmental impact -report
About 60% of sustainability teams would like to ramp up their use of artificial intelligence in the coming year, with accuracy concerns posing a more significant deterrent than the environmental impacts of increased demand for water and energy, according to a report published on Tuesday.
ASIA PACIFIC
Singapore, Tanzania sign carbon credits cooperation pact to advance climate action
Singapore and Tanzania have signed a memorandum of understanding (MoU) on carbon credits collaboration, as they aim to strengthen bilateral climate cooperation.
Climate groups pitch carbon CfD model to strengthen Australia’s industrial emissions cuts
Three climate groups have proposed a financial mechanism to support industrial emissions cuts under Australia’s Safeguard Mechanism, citing it could provide the price certainty needed to unlock capital for large‑scale abatement projects.
South Korean investment company backs rice-focused JCM project in Vietnam
A Seoul-listed investment holding company has partnered with a developer to drive down emissions from Vietnam’s agriculture sector, eyeing the creation of carbon credits under the Joint Crediting Mechanism (JCM).
ID Market: Trading slumps to 10-month low in May
Trading activity on Indonesia’s carbon exchange continued to weaken in May, with volumes and transaction values falling to a 10-month low as deals stayed confined to smaller spot transactions, exchange data showed.
Japanese corporate seeks partners to develop direct ocean carbon capture tech
A Japanese corporate giant is seeking more partners to pioneer direct ocean capture (DOC), after announcing it was developing a pilot plant following two years of research by an institute in Finland.
VOLUNTARY
VCM MONTHLY: Retirements and issuances rise while CORSIA prices slide
Carbon credit issuances and retirements bounced up in May year-on-year across the voluntary carbon market while benchmark CORSIA prices fell 22% to end the month around $10/tonne, their lowest level since June 2024.
FEATURE: “A logical destination” – govt-led forestry carbon projects remove market friction, command premiums
Forestry-based carbon projects that are government-led and factored into national accounting systems can achieve landscape-scale change, with credit prices trading at a premium, say experts.
EXCLUSIVE: Coalition launches new common language, framework for managing permanence in carbon markets
Researchers, environmental organisations, and carbon market experts are urging the industry to look beyond traditional buffer pools and adopt a wider range of tools to ensure the long-term durability of nature-based carbon credits – using a new “unified framework”.
US platform seeks 100k tonnes from Global South
A US climate platform is seeking more than 100,000 carbon removals (CDR) and super pollutant mitigation credits, with a particular focus on projects in Southeast Asia, Latin America, and island nations, it announced.
Standard body CAR updates permanence rules to 40 years and beyond
US-based standard body, the Climate Action Reserve (CAR), is seeking feedback on an update to tackle permanence that will extend for longer than the official 40-year timeline.
INTERVIEW: Scientist optimistic restoration will outpace deforestation in next 30 years
Global data shows early signs that ecosystem restoration rates could exceed those of deforestation, according to the founding chair of the UN Decade on Ecosystem Restoration, who is optimistic this milestone could be reached within 30 years.
Market mediators shaping soil carbon markets raise concerns over governance, farmer autonomy -researchers
A diverse group of market actors are playing a decisive role in shaping soil carbon markets, but their growing influence is raising concerns over farmer autonomy, governance, and the effectiveness of carbon farming as a climate solution, according to a new analysis.
INTERNATIONAL
Oceans-based decarbonisation NGO publishes roadmap to seaweed-based GHG reduction pathways
A non-profit focused on ocean-based decarbonisation published a resource on the responsible development and scale-up of seaweed-based products that could reduce GHG emissions across multiple sectors.
AVIATION/SHIPPING
Google targets travel emissions with large SAF certificates deal
Google will target emissions from employee business travel with a new agreement for sustainable aviation fuel (SAF) certificates (SAFc), touted as the largest publicly announced SAFc deal between an airline and a single corporate customer to date.
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EVENTS
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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