Nickel nixing borders - Mining company Canada Nickel will partner with carbon trading firm RWE Supply and Trading GmbH (RWEST) to support the commercialisation of low-carbon stainless and alloy steel products from its subsidiary, Net Zero Metals. The subsidiary uses feeds from Canada Nickel's Crawford Nickel Project. RWEST brings European and US market access for Canada Nickel, as well as CBAM expertise and carbon trading capabilities, the company said. The agreement would focus on semi-finished steel, alloys, and stainless products with long-term offtakes, help position Canada Nickel ahead of accelerating EU compliance costs.

Climate litigation this month focused heavily on the rules and approvals that shape fossil fuel growth, as claimants challenged gas projects, clean air waivers, liability shields, carbon offsetting, and corporate transition claims, and new research found a persistent accountability gap for the companies most closely tied to historical emissions.

Europe should resist calls to weaken its carbon market because the main barriers to industrial decarbonisation are slow electrification and weak investment signals rather than climate policy, according to a report published on Tuesday.

IETA has urged the European Commission to pursue a broad overhaul of the EU Emissions Trading System after 2030, arguing the bloc should integrate carbon removals, prepare to use international credits from 2031, reform the Market Stability Reserve (MSR), and prioritise linking the scheme with the UK carbon market.

The European Parliament's environment committee endorsed on Monday a provisional agreement to strengthen the Market Stability Reserve (MSR) for the EU's new emissions trading system covering buildings and road transport (ETS2), paving the way for final approval in plenary.

Lawmakers in the European Parliament's environment committee (ENVI) voted to extend the EU's Carbon Border Adjustment Mechanism (CBAM) to more than 400 product codes on Monday, as well as for tougher anti-circumvention measures.

Lawmakers in the European Parliament's environment committee (ENVI) voted on Monday to extend carbon leakage financial support to downstream sectors, cement, cereals, and more fertilisers, while they limited support to the exported share of production.

Green shoots - Green Earth Group has published its Q2 2026 trading update, reporting  progress in its shift from project development to commercial delivery. During the first half of 2026, the company increased its sales order book to €41.5 mln, including €4.1 mln in prepaid contracted sales, which it said reflects growing commercial traction as it scales project execution.

European carbon prices broke out of their recent range and raced to a seven-day high as a burst of aggressive buying in the afternoon clawed back the morning's losses and drove the market to a key technical resistance level.

Benchmark ICE CORSIA futures bounced back towards $10/t last week, climbing from two-year lows, as the European Commission's assessment of the international aviation offsetting scheme that will affect the participation of EU carriers inches closer.

Cookstoves for Nigeria - Developer Greenplinth Africa reiterated its promise to roll out 80 mln cookstoves in the country, it said during a two-day project implementation and stakeholder engagement meeting in late June. This will be complemented with an initiative to plant 4 bln trees in Nigeria, it said, according to the news outlet Business Day. Greenplinth last year launched a smaller proof of concept cookstove project with Gold Standard financed solely from PACM credits, while waiting for an approved methodology from the UNFCCC, its COO told Carbon Pulse in November.

The International Civil Aviation Organization (ICAO) is warning against fragmenting carbon regulation for the global aviation industry ahead of the EU assessment of CORSIA due for publication this month.

The UK risks locking in higher emissions unless it develops a national cooling strategy that limits demand for air conditioning, a London-based non-profit warned on Monday.

CO2 emissions from ships covered by the EU's monitoring, reporting, and verification (MRV) system rose modestly in 2025 year-on-year, according to preliminary data, but the share falling within the scope of the Emissions Trading System (EU ETS) edged lower compared to 2024 levels.

Ghana needs to treat carbon markets as a tool for national development, and position itself as a regional hub for credible carbon credits that attract credible international investment, technology, and partnerships, parliamentarians said during a debate on the country's carbon market framework.

The World Bank has announced a $265-million financing package to support a major hydropower infrastructure project in Morocco, just days after retiring its climate finance targets amid US pressure.

Divergent views - Talks between the UK and EU about linking their respective emissions trading systems are exposing differences over issues such as free permits and the UK emissions cap. A particular sticking point is the UK request for exemptions from EU rules governing free carbon permits, with the EU arguing that such an exemption would undermine the principle of a level playing field for its own industrials. Also yet to be decided, are details on the decision-making process and how the UK emissions cap will be calculated. The EU wants the level and rate of the British cap made integral to the linking agreement. (Bloomberg)

New electric vehicle car sales in the UK surged in June to take 30% of the market, but still fell short of the government’s Zero Emission Vehicle (ZEV) mandate, data showed Monday.

The developer of a new nuclear power plant in southern England aims to keep construction emissions below 2.1 million tonnes of CO2e through a number of low-carbon measures, which is 0.9 MtCO2e lower than previous lifecycle assessment estimates for the plant.

Funding circularity - Infra Impact Investment Managers has acquired a minority stake in South Africa's Cape Town Biogas, purchasing the interest from existing investor Metier Sustainable Capital Fund II, which will remain the controlling shareholder. The company operates an organic waste processing plant in Cape Town that uses anaerobic digestion to convert around 250 tonnes of organic waste daily into compressed biomethane, renewable beverage-grade CO2, and agricultural by-products. The purchase was made through Infra's Mid-Market Infrastructure Fund 1, said the statement on LinkedIn.

Italy appears to be moving away from its controversial proposal to reimburse carbon costs, with a new consultation on plans to instead introduce a temporary gas price cap mechanism that analysts say is more likely to win regulatory approval but would have a much smaller impact on electricity prices.

The European Commission on Monday published the second quarterly reference price for certificates accepted under the EU's Carbon Border Adjustment Mechanism (CBAM).

Carbon credit co‑labels have emerged as a “trust currency” in the voluntary carbon market (VCM), with market participants noting that they are shaping pricing tiers, buyer behaviour, and project design standards.

The EU’s flagship Emissions Trading System (ETS) risks scaring off long-term investment unless policymakers curb regulatory “noise” and set out a clearer plan for how subsidies and the carbon price will work together to drive decarbonisation, said Italy’s largest power company.

A German direct air capture (DAC) startup has launched the country’s largest DAC plant, with capacity to remove 150 tonnes of CO2 a year, it announced last week.

As the European Commission prepares to unveil its proposed revision of the EU Emissions Trading System (EU ETS) on July 17, Carbon Pulse walks you through the main issues at stake in the reform – what is already on the table, and the key decisions still to come.

Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.

EU ETS revenues siphoned off - Germany's finance ministry wants to divert half the country's EU ETS revenues to its general budget, and away from a dedicated climate fund, reported news site Euractiv on Monday. “Starting in 2027, a portion of the [EU] ETS1 revenues will be incorporated into the federal budget,” it said, citing a 1600-page draft text that will be decided on Monday. Germany earned €5.4 bln from the EU ETS in 2025 and the finance ministry wants to direct half of that into the general budget, Euractiv reported. How much would be redirected in future years remains unclear; the document suggests an "annual amount", it added. Normally, Germany's carbon trading revenues - €21 bln from a national ETS (nEHS) and the EU ETS combined - are ringfenced for the country's Climate and Transformation Fund (KTF). (Euractiv)

Fresh capital - PyroSA, a waste-to-value carbon removal infrastructure platform operating in Southern Africa, has secured its first catalytic grant for an undisclosed amount from venture capital firm Kinjani. The company said the funding will enable the engineering, permitting, and lifecycle work ahead of construction, strengthen its commercial and offtake partnerships across agriculture, mine rehabilitation, cement and durable carbon removal.