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TOP STORY
Washington, California, and Quebec to sign carbon market linkage agreement
Washington, California, and Quebec plan to sign a linkage agreement of their carbon markets in their respective regions, according to a market notice circulated Tuesday.
DAILY NEWS TICKER
CP Daily News Ticker: 23 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.
LCAW26
UN ramps up pressure on high methane-emitting sectors
The UN is launching a new push to tackle methane emissions, putting pressure on the sectors most responsible for the potent greenhouse gas – fossil fuels, waste, and agriculture, Secretary General Antonio Guterres announced in London on Tuesday.
Ministers look to scale forest financing ahead of COP31
Government officials set out their priority actions for scaling forest finance ahead of of November’s COP31, with a minister from Ghana sharing ambitions to ramp up forest financing “from millions to billions” during a London Climate Action Week event on Tuesday.
Pacific states seek to turn ICJ climate opinion into fossil fuel action at Tuvalu summit
Pacific Island states are looking to next year’s Second Conference for the Just Transition Away from Fossil Fuels in Tuvalu as a key test of whether the International Court of Justice’s (ICJ) landmark climate opinion can be translated into action on fossil fuel phase-out, speakers said on Tuesday.
Singapore, ICVCM partner up to advance carbon markets in Asia
The Singapore government and the Integrity Council for the Voluntary Carbon Market (ICVCM) have signed an agreement to advance high-integrity carbon markets in Asia, they announced Wednesday during London Climate Action Week.
Voluntary and compliance markets will continue to co-exist, with some linkages -registry
The widespread expectation that voluntary carbon markets will eventually fold into compliance is unfounded, according to the president of a removals registry, who instead sees both markets continuing to co-exist, with some linkages.
EMEA
12 EU countries call for expansion of ETS-financed Modernisation Fund
Twelve EU member states have urged the European Commission to allocate more money from the EU ETS-financed Modernisation Fund, in a letter to EU climate chief Wopke Hoekstra.
INTERVIEW: Adding carbon removals to UK ETS will guarantee a market – but not demand
The UK’s planned route for integrating greenhouse gas removals (GGRs) into its Emissions Trading Scheme (ETS) would give project developers access to the compliance market – but it would not guarantee the buyers, a former UK government official told Carbon Pulse.
Turkish ETS to be finalised imminently, kicking off pilot phase this year -official
Turkiye’s final Emissions Trading System (ETS) policy is expected to be signed off imminently, clearing the way for the start of a two-year “rehearsal” period before the first stage of implementation in 2028, an official has said.
Euro Markets: EUAs trim losses after steady options-related selling, as UKAs fall 7.1% in two days
European carbon dropped by as much as 1.6% through to mid-afternoon on Tuesday before clawing back around a third of the decline as market participants eyed Wednesday’s expiry of the June options contract, while UK allowance prices fell heavily for a second session and have lost 7.1% in two days, after having come within nearly €10 of their EU counterpart late last week.
Fossil plants win 58% of backup power contracts, despite EU push for clean flexibility -study
European governments have awarded more than half of capacity market contracts to fossil fuel power plants since 2014, a new report has found, warning that weak oversight is locking in gas-fired generation, pushing up consumer bills, and inflating CO2 emissions.
Batteries, EVs and heat pumps seen slashing EU gas power needs by 2030
The rapid expansion of battery storage alongside smarter use of electric vehicles (EVs) and heat pumps could sharply reduce the need for gas-fired power plants in Europe by the end of the decade, according to new analysis by think tank Ember.
EU risks missing gas decarbonisation targets as biomethane, hydrogen deployment lag -ACER
The EU risks falling short of key gas sector decarbonisation objectives despite significant progress in reducing fossil gas consumption since the 2022 energy crisis, according to a report published Tuesday by the Agency for the Cooperation of Energy Regulators (ACER).
EU-backed project validates biogas-to-hydrogen technology with carbon storage potential
An EU-backed research project has validated a process that converts raw biogas into hydrogen and solid carbon at pilot-relevant conditions, one of the project partners announced on Monday.
UK forestry firm launches $115-mln Ghana reforestation fund
A UK‑based forestry company has announced the launch of a $115‑million Alternative Investment Fund (AIF) to finance large‑scale commercial hardwood plantations in Ghana’s Afram Headwaters Forest Reserve.
Ethiopia drafts bill to include banking sector in carbon markets -local media
Ethiopia’s legislature is reviewing a draft Carbon Market Proclamation that would permit local commercial banks and financial institutions to participate directly in carbon trading, local daily Ethiopia Today reported.
AMERICAS
California prepares to sue Trump administration over federal buyout of offshore wind deal
A key state regulatory agency in California filed a notice of intent (NOI) to sue against the US Department of the Interior for an allegedly unlawful buyout of an offshore wind project planned on the West Coast.
US CDR supplier expands market access as sales top 2025 total
A US carbon removal (CDR) supplier said Tuesday it is expanding access to its credits across compliance and voluntary markets after first-half 2026 sales surpassed its 2025 total.
Argentinian province issues first credits under public subnational standard
One of Argentina’s provinces has issued the first carbon credits under its publicly-led standard to a biogas facility, it announced on Monday.
Canada launches first nuclear energy strategy
Canada announced an accelerated Nuclear Energy Strategy to solidify its position as a global energy superpower, the federal government announced this week.
ASIA PACIFIC
Australian emitters, Safeguard Mechanism architects caution against limiting ACCU use ahead of upcoming review
A taskforce of emitters, advisors, and the architects of the Safeguard Mechanism published a policy briefing Tuesday urging the government not to listen to calls to limit the use of carbon credits at its upcoming review of the scheme.
Southeast Asian climate tech companies launch the first of nine biochar facilities producing carbon removal credits
Two climate‑tech companies have launched their first franchise biochar facility in Surat Thani, Thailand, producing carbon removal credits equivalent to more than 15,000 tonnes of CO2 annually, and said the model would be replicated across nine additional sites in Southeast Asia.
China releases rules for renewable consumption mandates
China has established a framework to measure the progress of emissions intensive sectors in fulfilling their mandatory minimum renewable energy consumption targets.
Malaysia’s first biomass carbon project heads to auction
Malaysia’s first Verra-registered biomass carbon credit project is set to be auctioned in September, as the Southeast Asian country looks to build liquidity on its Bursa Carbon Exchange (BCX).
Japanese voluntary standard introduces world’s first methodology for recycled auto parts
A voluntary standard has published what it claims to be the world’s first offset methodology for the use of recycled automotive components.
New Zealand bank, state-owned enterprise partner to drive removals, biodiversity improvements
One of New Zealand’s leading banks has announced a partnership with a state-owned enterprise to help landowners monetise native forests via carbon removals and boost biodiversity.
BRIEFING: Thailand carbon market coalesces around THB 50-200 price band as buyers, developers expect growth
Thailand’s voluntary carbon market is beginning to converge around a domestic price range of THB 50-200 ($1.50-6.10) per tonne of CO2 equivalent, with both buyers and project developers viewing the market positively in terms of climate action and future compliance, according to a survey.
Philippines expands forest restoration project with carbon aims to 120,000 ha
The government of the Philippines and a developer agreed on Tuesday to restore 120,000 hectares of degraded rainforest under an expanded nature recovery project that is expected to generate carbon credits, Carbon Pulse has learned.
Bangladesh unveils major carbon credit programme, eyes $1 bln of revenue
Bangladesh has announced an ambitious goal to generate almost $1 billion through the sale of new carbon credits.
VOLUNTARY
Nature-based solutions fund raises €124 mln in first close
A new fund aiming to scale up nature-based solutions has raised €124 million in a first close, with a target of sequestering at least 7 mln tonnes of CO2 over 25 years.
Carbon developer group elects Latin America specialist to leadership role
An international carbon project developer association has elected a Brazil-based project specialist as co-vice chair, adding Latin American experience to its leadership as it seeks to influence international carbon market rules.
Forest projects sequester carbon but fall short on biodiversity, ecosystem health -study
Most forest carbon projects analysed by a group of researchers failed to improve the wider ecological health of the land they cover, even when they succeeded in reducing deforestation, according to a new study.
Japanese manufacturer, Finnish institute move direct ocean capture tech towards pilot testing
A Japanese electronics group and a Finnish research institute have advanced an electrochemical direct ocean capture (DOC) technology towards pilot-scale validation, the two announced this month.
Investor guide to corporate climate goals updated to check for real world action
Academics at Oxford University have updated guidelines to help investors engage with companies to reflect the increasing complexity of meeting carbon reduction goals.
Foreign entities capture key CDR project roles in Africa, Latin America -study
Organisations positioned to capture value from carbon removal (CDR) projects are often located outside of the regions hosting those activities, according to a new analysis focusing on projects across Africa, Asia, and Latin America.
INTERNATIONAL
Global business leaders look to sustainability for competitiveness, call for policy certainty across economies -report
The majority of senior leaders across more than 500 global businesses expect sustainability to be a source of competitive advantage over the next five-10 years, according a CEO-led global business group.
AVIATION/SHIPPING
Governments join push to scale CORSIA credit supply ahead of 2027 demand
Five governments have joined an aviation carbon market alliance aimed at scaling the supply of eligible carbon credits for international airlines, as the sector looks to meet expected demand of up to 250 million emissions units by spring 2027.
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