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TOP STORIES
EU to propose more dynamic ETS supply controls, slower emissions cap decline -reports
The European Commission is preparing a broad overhaul of the EU ETS that would introduce more dynamic controls over allowance supply, recalibrate the market’s emissions trajectory, and extend support for industrial decarbonisation, according to a media report citing people familiar with the plans.
Poland calls for further ETS2 delay, builds 12-country alliance on EU carbon market reform
A group of 12 EU climate ministers met separately on Thursday to discuss a joint stance on reforming the bloc’s Emissions Trading System (EU ETS) and on whether to again delay the EU’s second carbon market for heating and transport (ETS2).
DAILY NEWS TICKER
CP Daily News Ticker: 25 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
Investor says Brazil policy inspires more confidence than US or EU
Emerging market economies are proving to be more reliable recipients of green investment than developed countries, according to a Brazil-based investor.
Global carbon markets need to harmonise, with London as the hub -experts
The UK government needs to lean into the City of London’s rise as a hub for global carbon trading, and help to harness existing financial infrastructure to strengthen global carbon markets, experts said on Wednesday.
INTERVIEW – Japanese govt should look beyond domestic carbon market to international credits, investor group says
The Japanese government is placing too great a priority on its domestic carbon market, the GX-ETS, and should expand focus to engage with international credits, a Tokyo-based public-private partnership said at London Climate Action Week (LCAW).
CBAM is the stick, Article 6 the carrot, and market instruments the tool to implement, says commodities trader
The clearest route to scaling carbon markets is to penalise emissions using carbon border fees and reward low-carbon intensity products through the use of market instruments such as book-and-claim and environmental attribute certificates (EACs), according to a representative of a global commodities trading house.
UK, Japan urged to work together on transition finance
The UK can be an ally in Japan’s long-running effort to promote transition finance, pushing investments towards emission cuts from polluting sectors, according the executive director of FinCity.Tokyo, Tokio Morita.
Tencent shortlists global climate innovators for $30 mln catalytic funding programme
Chinese multinational technology conglomerate Tencent has unveiled 16 winners for its global initiative designed to help promising climate solutions grow and scale.
EMEA
EU ministers split over weakening CO2 car rules amid boom in EV sales
The EU’s 27 environment ministers remained divided over plans to relax car CO2 rules on Thursday, while Wopke Hoekstra, the EU’s climate chief, said the recent boom in electric car sales is a sign that weakening the cars CO2 target may not have been necessary after all.
Euro Markets: Afternoon sell-off wipes out early gains as EU reportedly mulls MSR softening
Carbon looked to be heading higher on Thursday, posting a healthy early increase even as energy markets extended their week of declines amid a gradual lessening of supply worries around the Strait of Hormuz, before a steep sell-off wiped out the day’s gains and left carbon with a 0.3% daily loss, while the European Commission was reported to be mulling a softening of the market stability reserve’s parameters.
Paris court finds TotalEnergies in breach of legal duty to tackle Scope 3 emissions
A Paris court has ordered TotalEnergies to overhaul its climate vigilance plan within six months, ruling that the French oil major breached its legal duty to address the climate risks posed by its activities and products, including so-called Scope 3 emissions generated when its oil and gas are burned.
EU rallies behind Cyprus as Turkiye excludes it from COP31 preparations
EU member states and the European Commission have condemned this year’s host of the international climate talks, Turkiye, for inviting only 26 of the 27 countries of the bloc to the COP31 conference and excluding Cyprus from preparatory climate talks.
US, Qatar urge EU to “stop the clock” on methane reporting rules
The United States, Qatar, Nigeria, and Algeria have warned that the EU’s methane regulation risks disrupting Europe’s oil and gas supplies unless Brussels swiftly freezes the law and amends it to prevent widespread non-compliance.
Average new car and van emissions falling sharply in Europe ahead of ETS2
Average carbon emissions from new cars and vans in Europe, due to be included in the delayed ETS2 cap-and-trade scheme, fell sharply last year amid the switch to electric vehicles (EVs), according to provisional data on Thursday.
Campaigners call for national CDR goals, despite EU ‘target fatigue’
Climate NGO Carbon Gap has urged EU governments to set binding national targets for permanent carbon removal (CDR) under the bloc’s 2040 climate framework, warning that a single, EU‑wide net emissions goal will not deliver the volumes needed to reach net zero.
EU to issue detailed CBAM guidance soon as it works with India on MRV alignment
The European Commission will soon publish detailed guidance on certain requirements under its Carbon Border Adjustment Mechanism (CBAM), while working with India to narrow differences between the border levy and the country’s upcoming emissions trading, officials said on Thursday.
Africa roundup: Kenya surprises the market, while others press ahead with Article 6 prep
Kenya, a regional frontrunner in the race to attract carbon trading, took many in the market by surprise this month when it announced it would limit its Article 6 credit transfers despite already having a big existing project pipeline – in another sign of the uncertainties surrounding Sub-Saharan Africa’s up-and-coming carbon markets.
Algeria sets 14% emissions cut goal by 2035, eyes Article 6 cooperation
Algeria pledged to reduce its greenhouse gas emissions by 14% below business-as-usual levels by 2035, according to its updated Nationally Determined Contribution (NDC), with the country signalling its intent to use the Paris Agreement’s Article 6 cooperation mechanisms.
Engineering giant teams up with Berlin climate tech startup on carbon capture project
A German engineering company and a climate technology startup have partnered to scale direct air capture (DAC) systems, with one named as the other’s preferred automation and digitalisation partner ahead of the inauguration of the country’s largest DAC facility in Berlin.
Finnish consortium launches to unlock €34 bln hydrogen market opportunity
A new Finnish consortium aiming to scale up hydrogen adoption has been launched, seeking to unlock Finland’s €34 billion hydrogen market, announced a consortium member on Thursday.
INTERVIEW: French pilot offers credits spanning biodiversity, carbon, water, and soil
A French project developer is offering voluntary credits across biodiversity, carbon, water, and soil from regenerative agriculture and forestry initiatives, an executive told Carbon Pulse.
African tropical forests remove enough carbon to offset most land-use emissions, study finds
Tropical moist forests across 18 African countries removed enough carbon to offset most land-use emissions between 2015 and 2019, though researchers said uncertainty means the region’s overall carbon balance remains unresolved.
AMERICAS
Alberta publishes biomass waste combustion offset protocol
Alberta has published its biomass waste combustion for energy generation protocol, following a public comment period.
Alberta-Canada carbon pricing deal threatens C$5 bln in Canadian CDR projects, project developers say
Project developers behind around C$5 billion ($3.5 bln) in carbon removal (CDR) projects are sending up flares Canada’s reduced industrial carbon price threatens their viability.
Canada offers C$19.4 mln to energy innovation projects in Alberta
The federal government of Canada Thursday announced C$19.4 million ($13.7 mln) in clean energy, reliability, and energy efficiency investments across the province of Alberta.
WCI Markets: CCAs record mild gains, WCAs continue to decline post-linkage signing announcement
As the market continued to digest news that California, Quebec, and Washington would sign linkage agreements on Thursday, California Carbon Allowance (CCA) prices settled above $33 through the week before dipping just below that threshold on the day, while Washington Carbon Allowances continued its decline from the week period.
Tech giant opens value chain decarbonisation RFP targeting heavy industry, transport
A US-based tech giant has launched a request for proposals (RFP) seeking emissions reduction interventions across a broad range of hard-to-abate sectors in its value chain.
Colorado GHG trading programme logged no activity in recent auction
Colorado’s air regulator reported no activity on Thursday from the most recent auction round of the carbon trading programme for manufacturing facilities in the state, as no credits for the 2025 or 2024 vintage years were matched.
Battery-electric trucks offer deepest emissions cuts across US heavy transport -study
Battery-electric trucks and buses offer deeper lifecycle emissions cuts than hydrogen fuel-cell vehicles across US medium- and heavy-duty transport, even under scenarios favourable to hydrogen, according to a new study.
ASIA PACIFIC
ANALYSIS: China’s push to curb superpollutants creates carbon credit potential
China’s policy efforts to mitigate superpollutants have advanced over the past few years, creating new potential for carbon credit development, experts told Carbon Pulse.
South Korea kicks off government-led carbon capture and utilisation project
South Korea has launched a large carbon capture and utilisation (CCU) project, aiming to reduce CO2 emissions by over 600,000 tonnes annually by 2035.
Singapore raises additional $250 mln for Asia energy transition through blended finance vehicle
Singapore’s flagship blended finance initiative for the net zero transition has raised another $250 million for its fossil fuel displacement strategy, the Monetary Authority of Singapore (MAS) announced on Wednesday.
Australia approves improved native forest management ACCU method
The Australian government has signed off on the improved native forest management (INFM) carbon credit methodology developed by the New South Wales government.
NZ cleantech platform seeks to help homegrown companies break out
A new cleantech platform in New Zealand is looking to bring together innovators, funders, and relevant government agencies to help the sector grow, its co-founder and CEO told Carbon Pulse.
Major Japanese bank invests in Canadian DAC developer
A major Japanese bank has decided to invest in a Canadian startup dedicated to carbon removal solutions, eyeing the potential of Japan’s direct air capture (DAC) sector.
Vietnam’s pilot carbon market opens June 29 with 92 firms
Vietnam will launch its pilot carbon market next week, with 92 domestic firms, including Hoa Phat Group, Formosa Ha Tinh Steel Corp., and Vietnam Electricity Group, set to begin trading greenhouse gas emission permits.
VOLUNTARY
EU, US corporates could drive $17 bln of annual climate investment by addressing ongoing emissions, says Gold Standard
Companies across the EU and US could mobilise around $17 billion annually for climate action if they adopt the ‘advanced’ level of the Science Based Targets initiative’s ongoing emissions framework under its newly updated corporate standard, said Gold Standard on Thursday as it released a report setting out how such emissions could be dealt with.
Platts to scrap annual vintage roll for some assessments
Platts will remove the annual vintage roll for its Renewable Energy, Nature-Based Avoidance, South America, and Household Devices carbon credit assessments on July 1, the price assessor said Thursday.
Ocean CO2 removal company raises $12.5 mln in initial Series B financing
A California-based marine carbon dioxide removal (mCDR) company raised $12.5 million in the first close of its latest funding round, targeting application of its technology in other industrial markets.
Global mangrove loss seen tapering over four decades, study says
Mangrove forests, coastal habitats that support fisheries and store carbon, have shown signs of recovery after years of global decline, according to a satellite analysis.
Longer reference periods could improve reduced deforestation emissions estimates -study
Longer historical reference periods could improve confidence in estimating emissions reductions from reduced deforestation initiatives, according to new research.
Engineered wood could cut building-sector CO2 emissions by 7% -report
Greater use of engineered wood products in construction could deliver savings equivalent to around 7% of projected annual emissions from the global buildings sector, a UN-backed report has found.
New framework monetises the environmental value of leaving fossil reserves untouched
A digital infrastructure company has proposed a new framework to monetise the environmental value of leaving commercially recoverable carbon resources untouched, with the preservation capital then directed towards restoration and reclamation activities such as cleaning up legacy coal waste.
Food processors largely outside carbon markets despite potential, says report
Direct exposure to carbon markets is limited for food and beverage manufacturers because most fall below emissions thresholds covered by compliance schemes, leading to investment decisions driven largely by fuel-credit programmes, tax incentives, and energy savings, according to a new report.
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