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TOP STORY
SBTi unveils new Corporate Net-Zero Standard, recognising companies that address their ongoing emissions
The Science Based Targets initiative (SBTi) has published its long-awaited Corporate Net-Zero Standard Version 2.0, which recognises companies that address their ongoing climate impact, including through the additional buying of high-quality reduction or removal credits, and plans to mandate such action from 2035, but stops short of permitting any offsetting to account for in-chain emissions.
ANALYSIS: New SBTi standard opens door for carbon markets, but guardrails will temper near-term demand
The Science-Based Targets initiative’s (SBTi) long-awaited new Corporate Net-Zero Standard was widely welcomed for recognising companies that address their ongoing emissions, including with voluntary ‘high-integrity’ credit buying – but critiqued its lack of mandate on near-term action, which they said will significantly dampen the immediate market signal.
DAILY NEWS TICKER
CP Daily News Ticker: 11 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
FEATURE – Article 6 observers alarmed as missing BTRs delay corresponding adjustment – but it’s sabotage to rush, experts say
Dozens of governments are running late with submitting their first round of biennial climate reports to the UN, raising concerns among Article 6 stakeholders who note that the UN carbon trading process hinges on their timeliness and accuracy.
Colombia’s fossil fuel transition push post-Santa Marta divides developing countries -sources
Colombia is demanding institutional support for a global transition away from fossil fuels (TAFF) in Bonn, building upon momentum from April’s Santa Marta conference – and exposing divides among parties in the G77-plus-China negotiating bloc.
ASIA PACIFIC
Groups call for suspension of first PACM credits over Myanmar junta ties, human rights concerns
The first batch of carbon credits issued under the Paris Agreement’s Article 6.4 mechanism are linked to institutions controlled by Myanmar’s military junta and may have been verified under conditions that made independent oversight impossible, a report claimed on Thursday.
NZ looking at potential NZ$6.6 bln spend to meet NDCs by 2035, says govt
New Zealand could face a bill of up to NZ$6.6 billion ($3.8 bln) to meet its Paris Agreement targets out to 2035, government modelling released Thursday showed.
New Zealand proposes to lower auction volumes even further, says undersupply risk can be managed
The New Zealand government is looking to keep its ETS price controls and settings as is, in line with advice from the Climate Change Commission (CCC), according to a consultation published Friday.
SK Market: KAUs holds above KRW 20,000 despite heightened volatility
South Korea’s emissions market has maintained firm support above the KRW 20,000 ($13.16) level over the past two weeks, with both spot prices and the latest KAU-25 auction result holding well above that threshold despite sharp price fluctuations.
UNDP urges Sri Lanka to finalise carbon trading framework for private capital
The United Nations Development Programme (UNDP) has urged Sri Lanka to operationalise and regulate its policy position on carbon trading, warning that private capital will only flow into markets offering predictability, credibility, and clear institutional structures, local media reported.
BRIEFING: Staged-consent process in ACCU Scheme reforms needs strengthening, Indigenous network says, as others warn of “complex impacts”
An Indigenous carbon group has said the staged consent process outlined by the Australian government’s carbon market reforms needs to be tightened up, while project developers warned expanding consent rights to Native Title claimants could impact the viability of some carbon projects.
China’s new offset methodology opens door for agricultural emission reductions, yet challenges remain -report
While China’s new offset methodology provides a path for livestock methane reduction projects, its dairy industry has yet to establish mature cases and continues to face significant implementation challenges, according to a recent report.
INTERVIEW: India carbon market needs legal clarity on credit use before launch, lawyers say
India’s budding carbon market needs additional legal clarity before trading begins later this year, according to a legal expert who said current regulations have created ambiguity on whether compliance entities can use credits generated in the voluntary market.
India carbon credit startups struggle for capital despite growing ambitions
India’s carbon credit startup ecosystem remains dwarfed by other climate technology sectors, attracting just a fraction of the investment flowing into electric vehicles, renewable energy, and battery storage, new data showed.
Microsoft inks first Asian ERW removal credit deal with Indian firm
Microsoft has agreed to purchase up to 36,920 tonnes of CO2 removal credits from Indian enhanced rock weathering (ERW) developer Alt Carbon under a multi-year deal that marks the technology giant’s first ERW procurement agreement in Asia.
Japanese biochar developer to explore offset project potential in Indonesia
A Japanese biochar solution provider is seeking to expand its business in Indonesia, with a planned feasibility study to explore the potential of credit-generating biochar project.
EMEA
EU strikes overnight deal to reinforce ETS2 price-stability mechanism
The European Union’s legislators reached a provisional agreement early Thursday morning to strengthen the Market Stability Reserve (MSR) of the bloc’s new carbon market for buildings and road transport, in a move aimed at reducing the risk of price shocks ahead of the system’s launch.
EU ETS could need carbon removals “safety valve” to avoid price surge if CCS, hydrogen rollout falters -report
The EU may need to integrate CO2 removals into its emissions trading system as a “safety valve” to prevent allowance prices from spiralling if deployment of carbon capture and storage (CCS) and green hydrogen infrastructure continues to lag expectations, according to a new report.
EUAs set to end year around current level as questions remain over fragile bullish bias, says analyst
EU carbon prices are on course to end year around their current price level, with speculators maintaining a bullish view of where the market is trending despite “unprecedented” policy risk from the upcoming ETS review, an analyst at an energy consultancy said on Thursday.
EU must ensure international carbon credit rules enable scale as well as integrity, say experts
Brussels must strike a balance between scale and integrity when it designs its international carbon credit purchasing framework, market stakeholders said this week, as the Commission digests the results of its recent consultation on the matter.
Brussels should move ahead with adding carbon removals to EU ETS, says former UK official
The European Commission needs to confirm it will bring carbon removals (CDR) into the EU ETS when it proposes market reforms next month – providing a much-needed policy push to a global public good, a former UK government official has said.
BRIEFING: All eyes on von der Leyen’s electrification drive, as experts flag dangers of easing ETS cap
Electrification must become the backbone of Europe’s energy security strategy, rather than a search for new gas suppliers – and weakening the EU Emissions Trading System (ETS) would only make the bloc’s climate and industrial balancing act harder, experts warned on Thursday.
Euro Markets: EUAs ease back amid geopolitical uncertainty as market sees little near-term upside
European carbon lost ground on Thursday, reversing Wednesday’s tentative rebound, as participants noted little upside with the Strait of Hormuz closure continuing to weigh on economic fundamentals, even as energy markets ticked downwards.
Industry, governments renew push to freeze EU ETS benchmarks as NGOs demand transparency
Energy-intensive industries and several European governments are still urging the EU to suspend a planned tightening of benchmarks that determine how many free allowances installations receive under the EU Emissions Trading System (EU ETS), including steep cuts to key “fallback” values, while NGOs and think tanks push for more transparency in how the new rules are set.
Poland presses EU to ease carbon market pressure on cement CCS plans
The Polish government is urging the EU to dial back a planned tightening of its carbon market after 2030, warning that an “artificial scarcity” of allowances could undermine investments in carbon capture and storage (CCS) technology needed to decarbonise the country’s cement industry.
EU aims to launch blue carbon credits in 2030
The European Commission is developing a new blue carbon credit certification system that aims to reward the expansion and creation of marine ecosystems for their role in absorbing CO2, a senior official said, while presenting the EU’s new island and coastal strategy.
European forest carbon sink estimated to miss 2030 climate target by more than quarter
Europe’s forests are on course to miss a carbon sink target consistent with the EU’s 2030 climate goals by more than a quarter, as rising natural disturbances and continued harvesting erode their capacity to absorb emissions, according to a study published this week.
Swiss climate non-profit sees income, operating profit fall further in 2025
A Swiss climate organisation reported lower income and lower spending on climate protection projects in 2025, while its initiatives generated 2.93 million tonnes in certified CO2 emission reductions.
EV charging bosses warn EU grids risk becoming ‘bottleneck’ within five years
Europe’s power grids risk becoming a major bottleneck for electric vehicles within the next four to five years, even as high oil prices and new EU carbon rules are set to turbocharge demand for battery-powered cars, senior industry executives have warned.
Nordic steel buyers could do more to spur green steel growth, analysis finds
Greater demand for near-zero-emissions steel could as much as triple demand for supply, using existing best practices for buying, according to a report released on Thursday.
Poor communication on CCS is becoming a “political problem”, Danish MEP warns
Carbon capture and storage risks turning into a political liability in Europe because most people – including many politicians – have never seen it in action, Danish lawmaker Niels Flemming Hansen has warned, urging reforms to the EU carbon market to better support industrial decarbonisation and carbon dioxide removals (CDR).
Italian power taxes four to 20 times higher than fossil fuels -report
Electricity is the most penalised energy carrier in Italy, where it faces taxes and carbon-related costs that are up to four times higher than those applied to gas in the household sector and more than 20 times higher in parts of industry, according to a study published Thursday by the climate think tank ECCO.
UK set to keep Sizewell B nuclear plant alive for 20 more years -media
The UK government is set to sign off on a deal to extend the life of country’s biggest operational nuclear power plant, Sizewell B, by two decades, according to media reports on Thursday.
British farmland study suggests soil carbon stocks may be significantly underestimated
UK farm soil carbon stocks may be significantly underestimated by current accounting methodologies, with early findings from a major British environmental baselining project indicating that at least 30% of soil organic carbon lies below the depth commonly measured in carbon assessments.
Major clean cooking summit postponed due to travel uncertainties
Organisers of the 2026 Summit on Clean Cooking in Africa have announced the postponement of the high-profile event, which was originally scheduled to take place in Nairobi on July 9-10.
Sierra Leone advances first Paris transparency report as carbon market ambitions grow
Sierra Leone is preparing its first Biennial Transparency Report (BTR) under the Paris Agreement as it seeks to strengthen the institutional foundations underpinning its participation in international carbon markets, according to insurer Oka following a recent visit to the West African country.
Senegal mangrove project credits overstated, watchdog alleges
An environmental watchdog publication alleges that carbon credits from Senegal’s flagship mangrove restoration project were overstated, with researchers describing much of the claimed storage as “ghost carbon”.
AMERICAS
WCI Markets: CCAs back off from recent highs
Trading of California Carbon Allowances (CCAs) slowed following the high of regulator ARB’s recent vote on proposed Cap-and-Invest programme changes, while Washington Carbon Allowance (WCA) prices and trading activity dipped into the Q2 auction results.
US solar dodges Trump cooldown, breaks generation record
Solar has surpassed coal-fired power generation in the US for the first time and leads additions to the power grid, despite US President Donald Trump’s efforts to bolster the fossil fuel and pull back from renewables.
US flight emissions disclosures increases sensitivity of consumer demand -report
A non-profit reported that online disclosures of flight emissions in the US has increased sensitivity around the consumers’ willingness to pay for reductions.
Chile chooses contractor to develop national registry, track Article 6 credits, compliance offsets
Chile has contracted a Sri Lanka-based technology provider to develop the country’s awaited unified national carbon registry to track domestic compliance units, carbon tax offsets, and Paris Agreement Article 6 credits.
Sao Paulo launches Brazil’s first sugarcane ethanol BECCS pilot
Sao Paulo state has launched a five-year, R$30 million ($5.9 mln) programme to develop Brazil’s first bioenergy with carbon capture and storage (BECCS) pilot project for sugarcane ethanol.
Shipbuilder spurs DAC scale-up in Canada to bolster submarine bid
A German shipbuilder, a sustainable technologies provider, and a Californian direct air capture (DAC) developer are pairing up to advance clean tech in Canada.
VOLUNTARY
Carbon investor makes large-scale ‘staggered spot’ nature-based removals purchase
A UK-based voluntary carbon offset provider will buy nature-based removals from an afforestation, reforestation, and revegetation (ARR) project under a “staggered spot” agreement covering both issued and in-verification credits, it announced on Thursday.
FEATURE: Data centres are steering the course on the next wave of energy supply
As creditworthy offtakers with significant energy requirements, data centres can be a key driver of the clean energy transition, especially as tech companies seek to curb their environmental impact, say experts.
Carbon removal standard partners with London firm to expand pool of CORSIA insurance options
A carbon removal (CDR) standards body has teamed up with an established London firm in a bid to expand its pool of insurers eligible to underwrite risks associated with supplying the CORSIA aviation offsetting scheme, it announced on Thursday.
Absolute Climate launches consultation on updated carbon accounting standard
Carbon accounting firm Absolute Climate has opened a month-long public consultation on an updated version of its Absolute Carbon Standard (ACS), introducing revisions to its framework for certifying removal activities and low-carbon products amid growing scrutiny of market integrity.
INTERNATIONAL
G20 emissions progress paints “sobering picture” for 2030 targets -report
Most G20 members assessed in a new report must accelerate emissions cuts to meet their 2030 climate targets, with several major economies needing to more than double recent rates of progress.
ERW shows mixed effects on soil sponge function in review
Enhanced rock weathering (ERW) produced inconsistent responses across indicators linked to soil sponge function, according to a review of published research.
Longer term govt responses to energy shocks can be good for emission cuts -research
When governments provide short-term relief for energy crises, they tend to go in the wrong direction, whereas prioritising structural responses can create much greater resilience in the long run, according to new research.
AVIATION/SHIPPING
INTERVIEW: Airlines prioritising fuel costs over carbon buying as CORSIA prices slide, says ICAO TAB member
Airlines are focusing more on soaring jet fuel costs and operational pressures than carbon credit purchases as prices for CORSIA-eligible offsets continue to weaken ahead of the scheme’s upcoming mandatory phase in 2027, according to a member of ICAO’s Technical Advisory Body (TAB).
Charterers and shipowners make steady progress on climate goals, reducing emissions intensity -report
The majority of signatories to a maritime decarbonisation initiative reduced their emissions intensity last year, while overall alignment with the International Maritime Organization’s climate goals has stabilised year-on-year, according to a new report.
COMMENT
Are Your Forest Carbon Projects Leaking?
Recently published research shows how estimates of leakage for forest carbon projects can be significantly improved, which is necessary for addressing an important integrity issue and building confidence in carbon markets as a tool for climate action.
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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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