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TOP STORY
EU member states approve cuts to EU ETS free allocation benchmarks
EU member states approved on Monday the updated benchmark values used to determine the number of free ETS allowances handed to industries for the next five years, despite significant opposition from a number of countries.
DAILY NEWS TICKER
CP Daily News Ticker: 15 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.
VCM WEEKLY
Voluntary Carbon Market News: June 8-14 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
SB64 UN CLIMATE TALKS
FEATURE: Pitfalls in Article 6.2 reporting lead negotiators, observers to ask about iterative review
Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.
INTERVIEW: Zimbabwe makes its case to ICAO for CORSIA credit labels
Zimbabwean officials met Friday in Bonn with members of CORSIA’s Technical Advisory Body (TAB) to understand the TAB’s limits on involving national registries in the scheme, a country representative told Carbon Pulse, citing high stakes for standards and host countries alike.
Developing countries unite in pushback on unilateral trade measures
A wide range of developing country negotiating blocs – from middle-income and fossil fuel-rich, to the poorest and smallest – voiced concerns and opposition to unilateral trade measures, like border carbon fees, in one of the UN’s first dialogues on climate-related trade issues.
Santa Marta can help overcome fossil fuel transition “deadlock”, Colombian official says
The landmark Santa Marta process on transitioning away from fossil fuels can help overcome the “deadlock” in UNFCCC talks, a Colombian official said during mid-year talks in Bonn on Monday.
PRESS RELEASE
Carbon Pulse launches the Biodiversity Portal
Track submissions of National Biodiversity Strategy and Action Plans (NBSAPs) and interest in biodiversity credits ahead of COP17 through the Biodiversity Portal.
EMEA
Euro Markets: EUAs settle over €80 for first time in two weeks as peace deal, benchmarks boost confidence
European carbon prices surged early on Monday as markets reacted to the announcement that a peace memorandum between Iran and the United States will be signed later this week, and edged up further in the afternoon to cross the psychological €80 level after EU representatives voted to approve proposed benchmarks adjustments for free allocation.
EU states back updated free allocation benchmarks in exchange of separate fallback proposal
EU member states approved on Monday the updated benchmarks used to determine the number of free ETS allowances handed to industries for the next five years, while Brussels also committed to put forward a new proposal with more specific ‘fallback’ values in July.
Italy attacks draft EU ETS review, says Brussels is undermining political deal
Italian Prime Minister Giorgia Meloni has launched a fresh attack on the EU Emissions Trading System (ETS) ahead of this week’s EU leaders’ summit in Brussels, accusing officials of using technical interpretations to overturn political agreements reached by member states.
BRIEFING: EU eyes faster permitting, onshore CO2 storage to support industrial CCS
Europe must slash permitting times and embrace onshore CO2 storage if it wants to deploy carbon capture and storage (CCS) at scale in cement and other hard to abate sectors at an affordable cost, according to EU officials, industry, and policy experts.
Campaigners warn against gas push ahead of EU summit
Europe risks undermining its energy security by pressing ahead with a wave of new gas-fired power plants in Germany, Poland, and Romania that could add 28 billion cubic metres (bcm) to annual gas demand and lock the EU into decades of fossil fuel dependence, a new analysis has warned.
Germany set to miss long-term climate targets under current policies -report
Germany is set to miss its 2030, 2040, and 2045 climate targets under current policies, according to a government-commissioned projection report released last week.
BRIEFING: Global governments urge Brussels to simplify CBAM compliance rules
Governments around the world have urged the EU to simplify what they describe as overly prescriptive and complex requirements for complying with its Carbon Border Adjustment Mechanism (CBAM).
Environmental groups challenge EU’s new carbon removal rules over ‘greenwashing’ risks
A coalition of environmental NGOs has triggered an internal review of the European Commission’s newly adopted methodologies for biogenic carbon removals, arguing they breach the EU’s Carbon Removals and Carbon Farming (CRCF) Regulation and could end up increasing emissions rather than cutting them.
Norway launches plans for CCS auction, seeking to fund carbon removals with up to €1.7 bln
The Norwegian state energy agency, Enova, is looking to launch an auction scheme for carbon capture and storage, open to a wide variety of technology types and with a budget ceiling of €1.7 billion for carbon removal, the agency announced on Monday.
ECB climate report shows lower portfolio emissions, higher share of green bonds
The European Central Bank (ECB) saw a further decline in emissions linked to its sovereign and corporate bond portfolios last year, although most of the cuts stem from balance sheet run-off rather than decarbonisation of issuers, according to its latest climate-related financial disclosure.
UK may water down EV target, leaving question marks hanging over carbon budget
The UK may be poised to water down its target for scaling electric vehicles (EVs), with the government now discussing with industry on the plans, according to British media reports, in a move that could undermine its longer term carbon commitments.
Technical assistance funding backs Congo sustainable land-use project
A sustainable land-use project in the Republic of the Congo has secured catalytic technical-assistance funding to support environmental and social studies aimed at advancing the project towards investment readiness.
AMERICAS
Guyana sees boom year for J-REDD+ revenues with nearly $200 mln income
Guyana’s jurisdictional REDD+ (J-REDD+) programme is blowing past prior annual revenue figures, bringing in some $196 million this year, according to Carbon Pulse calculations based on statements made by the government.
LATAM Roundup: Country regulations shape developers’ goals for project size, attributes
From Mexico to Brazil, state support and regulations appear to be influencing the scale and bonus attributes that carbon project developers plan for in their initiatives.
RGGI Market: RGAs hover above $40, market awaits new entrants and affordability measures
RGGI Allowance (RGA) futures largely settled above the $40 mark during the last week according to data on ICE, as traders expect relative price stagnancy in the absence of expected market interventions from Virginia’s re-entry and affordability measures signalled by the administrator.
US court overturns DOE clean energy grant cuts over targeting of Democratic-leaning states
A US federal court has vacated 11 DOE grant termination notices after the Trump administration stipulated that a primary reason the awards were selected for cancellation was whether the grantee was located in a “Blue State”.
North American methane mitigation firm raises $2.4 mln, expands well-plugging footprint
A North American methane mitigation and well-plugging company has raised $2.4 million in fresh capital and secured several new energy-sector clients as it expands its remediation operations across the United States and prepares for international growth.
US-based startup launches carbon removals business, first projects due this year
A newly launched CO2 removals developer has emerged with plans to build a portfolio of community-focused forestry and biomass projects.
Louisiana biofuels project cancelled given slow uptake of low-carbon marine fuels
A US-based developer cancelled a biofuels project planned in central Louisiana, citing uncertainty in financing, regulatory, and carbon capture aspects of the projects, along with a “slower-than-expected market adoption” of sustainable marine fuels.
ASIA PACIFIC
Sydney investment firm rolls out global natural capital fund
A Sydney-based investment manager and forestry firm launched its first global natural capital strategy fund, which will invest across forestry, agriculture, carbon, and biodiversity markets.
Indonesia targets export sale of 30 mln forestry carbon credits in July
Indonesia is looking to launch an international sale of forestry carbon credits next month, offering more than 30 million tonnes of emission reductions to global buyers, according to officials.
Verra reinstates four more Chinese projects after review
Carbon standard Verra has reinstated four additional Chinese forestry and grassland carbon projects following a review of their government authorisations, according to a developer.
Australian tech company divests from sustainability platforms business to focus on biochar project development
ASX-listed digital infrastructure company NoviqTech has annouced a CEO shakeup and the complete divestment of its supply chain traceability platforms in a move to pivot the company’s focus to its carbon removal (CDR) business, it announced Monday.
Nvidia Scope 3 emissions spike draws scrutiny to East Asia supply chain
Nvidia’s Scope 3 emissions have nearly tripled since 2024, according to its latest sustainability report, fueling concerns that the tech giant is offloading carbon burden on its manufacturing hubs in Taiwan and South Korea.
Environmental commodity procurement platform acquires Singapore supply-side intermediary
A Seoul-headquartered procurement platform for Renewable Energy Certificates (RECs) and carbon credits has acquired a Singapore-based consultancy, it announced Monday.
Vietnam drafts environment law amendments, tightening controls
Vietnam’s Ministry of Agriculture and Environment said it has drafted amendments to the Law on Environmental Protection, introducing stricter emissions controls, mandatory pollution inventories, and decentralised responsibilities for local authorities.
VOLUNTARY
VCM REPORT: CORSIA benchmark future settle below $10, SBTi recognises voluntary carbon credit use in new corporate standard
CORSIA futures were little changed last week, with benchmark contracts on ICE slipping below $10/tonne mark after stabilising in recent weeks following a prolonged decline.
FEATURE: New SBTi corporate climate standard sets meaningful internal carbon pricing goalposts, say experts
The introduction of specific price anchors for companies choosing to set an internal carbon price under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, will help to ‘avoid race-to-the-bottom dynamics’ and provide viable financial support to many carbon projects, according to experts.
Global biochar output nearly triples in two years as carbon market participation widens -industry report
Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.
Carbon investor hires new senior leadership member from removal developer
A carbon markets investment firm has hired a new client solutions director from an enhanced rock weathering (ERW) developer, it was announced Monday.
INTERNATIONAL
G7 could still address fossil fuel reliance despite absence of climate on agenda, advocates say
Hopes that G7 countries will help to spur a shift from fossil fuels are dimmer this year, with the term ‘climate change’ omitted from the agenda – but campaigners are still hoping to see advancements through the prism of ‘energy security’.
Electrification key to cutting fossil fuel exposure, strengthening business competitiveness -report
Businesses across 18 markets increasingly view clean electrification as a way to reduce exposure to fossil fuel volatility, lower long-term costs, and strengthen competitiveness, according to a polling report released Monday.
AVIATION/SHIPPING
Nodal launches new CORSIA, future and options contracts
Nodal Exchange launched several new environmental futures and options contracts, including for CORSIA.
COMMENT
COMMENT: From public good to bankable cash flow – the real role of nature credits, and banks
Nature credits can support private investment in restoration, but only when embedded within a broader framework of regulatory obligations, subsidy reform, and high-integrity market rules.
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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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