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TOP STORIES
Myanmar cookstove developer defends first PACM carbon credits after calls for suspension
The developer of the first project to earn carbon credits under the UN’s Paris Agreement Crediting Mechanism (PACM) defended a controversial Myanmar cookstove programme, while acknowledging that conflict and security concerns in the Southeast Asian country forced independent auditors to rely on remote verification.
ANALYSIS: Kenya’s limit on ITMO sales highlights Article 6 supply constraints, and may force developers back onto VCM
Kenya’s recent announcement that it will limit Article 6 transfers to 10 million Internationally Transferred Mitigation Outcomes (ITMOs) between 2026 and 2030 surprised many market participants, particularly given the scale of the country’s existing carbon project pipeline, and may signal a fundamental shift for project developers relying on voluntary prices currently languishing in single-digit figures.
DAILY NEWS TICKER
CP Daily News Ticker: 16 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
“At least” 14 more projects to receive host party approval by end of month -official
“At least” 14 additional projects, but hopefully more, will receive host party approval (HPA) to transition to Paris Agreement Crediting Mechanism (PACM) from the Clean Development Mechanism (CDM) by the deadline at the end of this month, a UN official said on Tuesday.
Vulnerable nations accuse negotiators of ‘de-linking’ science as finance pact risks being ‘dead on arrival’
Small islands and least developed countries accused some parties of attempting to weaken the role of science and sideline the 1.5C goal, warning that progress towards key climate finance commitments was faltering ahead of COP31 in Turkiye.
Climate finance tensions tainting talks across topics in Bonn
Political tensions around the issue of climate finance are seeping into and tainting progress in negotiations across other topics at annual mid-year UN climate talks in Bonn this week.
Status quo falls short of Belem biofuels pledge, but policy signals can drive growth -panellists
The status quo will be insufficient to reach a Belem pledge to quadruple the use of sustainable fuels by 2035, but the right policy signals and can help drive growth in the emerging sector, experts said during mid-year UN climate talks.
EMEA
Brussels aims for swift adoption of new benchmarks to release extra free EU ETS allowances
The European Commission will present in July a separate proposal with additional benchmarks for certain industries to increase their allocated free ETS allowances, alongside the revision of the bloc’s carbon market, and will work with co-legislators for a swift adoption, it confirmed on Tuesday.
Verra puts large Zambian agriculture, forestry project on hold
Verra has put a large Zambian REDD+ project on hold, six years after project registration, according to the standard body’s registry.
EU states back competitiveness fund with ETS-linked decarbonisation focus
EU member states have agreed a partial negotiating position on the European Competitiveness Fund (ECF), a flagship pillar of the bloc’s next long-term budget.
Euro Markets: EUAs rally from early 1.1% drop with a boost from UKA jump as EU-UK summit confirmed
European carbon allowance prices fell away over the course of Tuesday morning before rallying strongly in the afternoon with UKAs, after Britain and EU confirmed a Jul. 22 date for a summit that’s expected to include an agreement to link carbon markets, while energy markets continued to weaken amid expectations of steadily improving supply from the Middle East in the coming weeks.
European steel and chemicals giants urge EU leaders to freeze ETS costs
Europe’s largest steel and chemical companies have urged EU leaders to halt rising carbon costs they fear will result from an expected reform of the bloc’s Emissions Trading System (EU ETS) due to be presented in July.
Nordic businesses urge EU to protect a strong ETS price signal
The EU Emissions Trading System (ETS) is finally delivering what industrial investments need most – a long-lasting, technology-neutral price signal for decarbonisation – and the upcoming reform needs to reinforce the market’s core function, a northern European business coalition said on Tuesday.
Business coalition urges EU to heed its ideas for scaling carbon farming
A group of companies including Danone, Nestle, and Unilever, shared a set of recommendations on Tuesday which it says could accelerate a European agricultural transition under the bloc’s Carbon Removal Carbon Farming (CRCF) regulation.
EU groups urge Commission to create stronger market for carbon farming credits
A coalition of agricultural, climate, and carbon market organisations has called on the European Commission to take urgent action to ensure demand for carbon farming credits, warning that the success of the EU’s Carbon Removals and Carbon Farming (CRCF) regulation depends on creating a viable market for farmers.
BRIEFING: EU eyes ‘Governance 2.0’ to turn national climate plans into investment roadmaps
The European Commission is preparing a major overhaul of the EU’s energy and climate governance rules, aiming to turn national planning from a reporting exercise into what officials described as “credible investment roadmaps” for the post-2030 energy transition.
‘Reward funds’ could be used to meet foreign credit share of EU’s 2040 climate target -report
The EU could use performance-based reward funds for developing and emerging economies to cover the international component of its 2040 climate target at a cost of around €5 billion in 2040, according to a new policy paper.
INTERVIEW: Cooling sector could generate Paris credits at scale, with legal caveats
The cooling sector has great potential to generate Paris Agreement carbon credits – especially in the Middle East, North Africa, and Turkiye (MENAT) – but projects must respect the boundaries set by other treaties, said the co-author of a recent report.
Consumer groups target EU energy majors over ‘green’ gas offers
EU consumer groups have lodged a greenwashing complaint with the European Commission and national consumer protection authorities against energy majors Engie, Eni Plenitude, Shell, and TotalEnergies over allegedly misleading marketing of “green” energy offers that still rely heavily on fossil gas.
Electric car sales surge in Europe as drivers try to sidestep soaring oil prices
Sales of battery-electric vehicles (BEVs) are rising fast in Europe as drivers seek to benefit from increasingly affordable models, the chance to save on fuel use, and favourable climate policies, according to the European Commission.
Up to 60 European ports well suited to processing CO2 emissions for offshore storage -report
Up to 60 European ports could be suitable for processing CO2 emissions for offshore storage by 2050, a new report has found, which examines how non-pipeline transport will play a key role in Europe’s CO2 transport chain.
Climate disasters push EU states into role of insurer of last resort
Europe’s governments face mounting fiscal risks from climate disasters as extreme weather becomes more frequent and severe, with public budgets increasingly filling the gap left by inadequate insurance coverage, a report warned on Tuesday.
BECCS project developer signs long-term CDR deals with Swedish property firms
A Swedish bioenergy with carbon capture and storage (BECCS) project developer has signed long-term agreements to supply permanent carbon removal (CDR) to two real estate companies, it announced Tuesday.
Carbon removals linked to UK ETS should have a project-risk assessment, says ratings agency
The UK government should incorporate project-level ratings assessments when they integrate domestic carbon removals into their Emissions Trading System (ETS), a ratings agency said Tuesday.
Finnish CDR registry passes 1 mln credits as 2025 retirements more than double
A Helsinki-based carbon removal (CDR) registry has surpassed one million retired carbon credits, after retirements more than doubled in 2025, the company announced on Tuesday.
Italy plans carbon market cooperation with Tanzania -local media
Italy is eyeing carbon market investments in Tanzania through Article 6.2 of the Paris Agreement, following a meeting between the two governments in Bonn, according to local media.
Senegal mangrove project second registered under Verra’s wetlands methodology
A mangrove restoration project in western Senegal has been registered under Verra’s Verified Carbon Standard (VCS) and Climate, Community, and Biodiversity (CCB) standards, becoming the second globally under the body’s flagship VM0033 blue carbon methodology, its developer announced this week.
Qatari standard, institute sign MoU with UAE emirate to build carbon market capacity
A voluntary carbon standard, a research non-profit, and an emirate in the UAE have signed a Memorandum of Understanding (MoU) to foster carbon market engagement, including on the Paris Agreement’s Article 6, among other sustainable development objectives.
Carbon tech startup secures Austrian grant for CO2 mineralisation analytics lab
A Vienna-based climate tech startup has secured Austrian government support to establish what it describes as the world’s first integrated laboratory dedicated to assessing the CO2 storage potential of mineral materials.
AMERICAS
UN-backed restoration finance facility backs Peru forest carbon developer
A UN-backed restoration finance facility has partnered with a Peru-focused nature-based solutions developer to help advance a pipeline of community-led forest restoration and conservation projects targeting carbon, biodiversity, and sustainable land-use outcomes across Latin America.
Brazilian mining giant puts carbon pricing at centre of $2.5 bln decarbonisation plan
A Rio de Janeiro-headquartered mining company has mapped nearly $2.5 billion in estimated decarbonisation-related spending and warned that carbon pricing mechanisms could cost the company up to $4 bln from 2030 onwards, according to an annual report.
Washington state adopts updated forest offset rule for cap-and-invest programme
Washington state regulators adopted revisions to the US forest offset protocol under its cap-and-invest programme on Tuesday, finalising changes intended to make the crediting framework more applicable to the state’s forests while responding to comments on permanence and Tribal land constraints.
Major oil and gas companies spent over $273 mln lobbying for favourable US carbon market rules, investigation finds
Oil and gas companies have spent over $273 million to bolster carbon credit use in California’s emissions trading scheme, as well as shape early governance of climate-related market risks at a US financial regulator, a report found.
NGO lays out roadmap to boost tech-based CDR in the US, flags $5 bln in unspent federal funds
Increasing research and development (R&D), building out infrastructure, creating durable markets, and strengthening standards and measurement, monitoring, reporting, and verification (MMRV) could help tech-based carbon removals (CDR) to scale in the US, according to a report from an NGO.
Canadian environment groups sue Carney government over climate rollbacks
A group of Canadian nonprofits and advocacy groups filed a lawsuit against the federal government, seeking a judicial review of its alleged failure to bring the Emissions Reduction Plan for 2030 (ERP) into compliance, listing over 30 instances of environmental rollbacks as of June.
Canadian nature-based solutions failing to realise full climate, water potential -researchers
A majority of nature-based solutions (NbS) projects implemented in Canada over the past 15 years have focused narrowly on biodiversity conservation despite possessing significant untapped potential to simultaneously address climate change, water security, and other societal challenges, according to new research.
ASIA PACIFIC
Australian Market Roundup: 1.7 mln ACCUs issued in May as forward trades push above A$38
The Clean Energy Regulator (CER) issued some 1.74 million Australian Carbon Credit Units (ACCUs) in May, according to its latest update, as forward purchases of units are more frequently breaking past the A$38 ($26.85) price ceiling in recent weeks.
Australia sees the opening of world’s first carbon refinery
An Australian mineral carbonation company on Wednesday announced the launch of what it described as the world’s first carbon refinery, turning industrial CO2 streams into various materials.
Australia releases climate risk analysis guidance
The Australian government on Tuesday published guidance for companies to help them analyse and disclose climate risks.
China releases three-year plan to improve energy efficiency across key industries
China has released a three-year action plan for emissions-intensive industries to help meet its energy conservation and carbon reduction targets for this decade.
China’s thermal power output rises in May, wind momentum stalls
Power generated by China’s thermal power plants in May expanded 2.1% from a year ago, while momentum in the wind power sector slowed amid unfavourable wind conditions, according to government data released Tuesday.
Carbon market investor expands Asia presence with Singapore office
A California-headquartered carbon credit investment and project management firm has opened a regional office in Singapore amid its Asian expansion efforts.
Japan’s GX-ETS price corridor to factor into carbon capture support measures
Japan is considering using the average trading price in the GX-ETS as a reference price in carbon capture and storage (CCS) support measures.
India seeks public input on draft rules for carbon offset scheme
India’s Bureau of Energy Efficiency (BEE), administrator of the country’s emerging carbon market, has launched a public consultation on draft rules governing Programmes of Activities (PoA) under the offset mechanism.
Middle East conflict gives Southeast Asia energy a wake-up call, says IEA
Southeast Asia’s energy system has been exposed as structurally vulnerable due to its reliance on imported fuels, a study said, as the Middle East conflict drives up costs and forces governments to put energy security at the centre of future policy.
Japanese EV slows, but automaker influence strong in emerging markets, analysis finds
Automotive industry associations in Brazil, Indonesia, and Colombia are adopting the messaging of major Japanese automakers on transport decarbonisation, advocating for the continued use of combustion-powered hybrid vehicles and alternative fuels over electric vehicles (EV), according to a think tank’s analysis.
VOLUNTARY
INTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Airlines secure developer support to boost CORSIA supply to 250 million credits
A project developer lobby group has thrown its weight behind a new stakeholder initiative that aims to boost the number of credits available for CORSIA to around 250 million by the spring of 2027.
Verra publishes low-carbon shipping fuel methodology
Verra published its first framework to quantify emissions reductions in marine transport Tuesday in an effort to support alternative low-carbon fuels in shipping.
Registry becomes world’s first to require ratings, risk assessment for projects
Projects registered with the International Carbon Registry (ICR) will be required to include both a rating and a risk assessment – the first carbon registry to make such a move.
Carbon credit markets need binding regulation to scale with integrity, report says
Project-based carbon credit markets are moving towards a more regulated, state-led model as voluntary standards remain unable to address weak oversight, fragmented rules, and uncertainty around credit use, a report published Wednesday said.
New framework seeks to raise bar for voluntary low-carbon fuel procurement
New guidance published on Tuesday by a carbon management advisory seeks to provide voluntary buyers of low-carbon fuels with a unified framework for assessing quality across a fragmented and rapidly evolving market.
INTERNATIONAL
Article 6 implementation advances as bilateral cooperation, PACM continue to grow
Momentum behind the implementation of Article 6 of the Paris Agreement continues to build, according to the latest implementation status update from a partnership tracking the progress of UN carbon markets, with five new bilateral trade agreements inked in the past month.
EU officials promote CBAM stick to APAC, hints at future carrots of int’l credit purchases
EU officials on Wednesday soothed nerves about growing compliance costs and regulatory hurdles for Asian countries from its Carbon Border Adjustment Mechanism (CBAM) by highlighting plans to explore international credit purchase to meet its 2040 climate targets.
India, Japan adopt rules under JCM, paving way for Article 6 projects
India and Japan have adopted the operational rules for their bilateral Joint Crediting Mechanism (JCM), making it India’s first live framework for trading carbon credits under Article 6.2 of the Paris Agreement.
Responsible use of Article 6 lacking in key buyer, seller countries -analysis
At least four countries using the Paris Agreement’s Article 6 carbon markets mechanisms risk undermining, rather than strengthening, global climate action, according to an analysis published on Tuesday.
Net zero CO2 emissions by 2045, fossil fuel phaseout by 2070, can limit warming to 1.5C -study
Global CO2 emissions need to reach net zero by 2045, followed by all GHG emissions around 2060, in order to limit warming to 1.5C in the long run, according to analysis published on Tuesday.
Major firms deepen climate commitments as carbon credit adoption rises, report finds
More than half of the world’s largest companies now have net zero targets and nearly half plan to use carbon credits as part of their climate strategies, according to a report released Tuesday, highlighting the continued mainstreaming of voluntary carbon markets among major corporates.
Oil and gas majors set to boost output despite climate goals -study
Nearly a dozen major oil and gas companies are planning to increase their oil and gas output, exceeding the reductions needed to limit global warming and even to meet projected demand growth in the next few years, according to a study published on Thursday.
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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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