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ANNOUNCEMENT
Carbon Pulse launches EU ETS data portal ahead of flagship reform
Market, policy, and emissions data at your fingertips as the European Commission prepares to issue legislative proposals to reform the world’s largest compliance carbon market by traded value.
DAILY NEWS TICKER
CP Daily News Ticker: 7 July 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.
EMEA
EU clean tech chief pushes back against lowering ETS emissions cap
Teresa Ribera, the EU’s clean technology chief, is at odds with European Commission President Ursula von der Leyen over how ambitious the annual rate at which carbon allowances under the EU’s Emissions Trading System (ETS) are cut should be, according to multiple EU sources.
EU plans to cut livestock emissions 16% by 2040, stops short of binding target
The European Commission on Tuesday unveiled a strategy to reduce greenhouse gas emissions from the bloc’s livestock sector, saying technology and targeted farm support could cut emissions by at least 16% by 2040, while stopping short of proposing a dedicated emissions target for the industry.
Industrial carbon management coalition backs “strong, predictable” EU ETS
A broad coalition of industrial carbon management stakeholders has urged the European Union to use the forthcoming review of the bloc’s Emissions Trading System (EU ETS) to preserve the market’s core architecture while directing a larger share of its revenues into industrial decarbonisation.
Steelmakers set for EU ETS “jackpot” despite free allocation fears, think-tank says
EU steelmakers are set to benefit from the EU’s Emissions Trading System (EU ETS) and Carbon Border Adjustment Mechanism (CBAM) in the coming years, despite industry concerns over the phaseout of free allowances, according to a brief by a Brussels-based climate policy think-tank.
EU should use carbon credits to build carbon pricing systems abroad, policy brief says
The EU should use its quota for international carbon credits to help build domestic carbon pricing systems in partner countries, rather than treating them as a cheaper route to fulfilling its 2040 emission targets, according to a recent policy brief.
Chemicals industry escapes EU carbon price as free allowances cover 98% of emissions, watchdog says
Europe’s chemical industry has effectively paid no carbon price under the EU Emissions Trading System (ETS) over the past decade, contradicting claims that high carbon costs are undermining the sector, according to a new investigation by a watchdog group.
EU auditors say flagship home renovation fund failing to cut energy use
Billions of euros in EU funding to improve the energy efficiency of homes are falling short of the bloc’s climate and energy objectives, the European Court of Auditors has warned in a new report published on Monday.
Euro Markets: EUAs give up Monday’s gain amid steady day-long selling, as gas jumps on tanker attack
EU carbon allowances gave up all Monday’s price gains from Tuesday and more, as sellers came to the fore despite the approaching reduction in EU auction volumes as the REPowerEU programme is expected to end on Thursday, while energy markets rallied after an LNG tanker was attacked overnight.
Clean cooking developer secures €1.1 mln to expand biomass stove access in Mozambique
A Mozambique-based clean cooking company has secured around €1.1 million from a European clean cooking fund to expand access to biomass-fuelled cookstoves and fuel production in the country.
Kenyan carbon developer puts technology platform, factory up for sale
Koko Networks, the Kenyan-based bioethanol and clean cooking developer that folded in February after failing to secure an agreement to sell credits internationally under the Paris Agreement, is selling its technology platform and factory.
AMERICAS
Brazil proposes up to 50 MtCO2e in ITMO transfers through 2031-35 in draft resolution
The Brazilian government has proposed authorising up to 50 million tonnes of CO2e in Internationally Transferred Mitigation Outcomes (ITMOs) for international transfer during 2031-35, according to a draft resolution published on Tuesday.
Verra signs capacity building agreement with Argentine province, looks to support international transfers
The government of Argentina’s Misiones has signed a memorandum of understanding (MoU) with Verra to strengthen the province’s technical capacity to participate in international carbon markets, following the standard’s recent approval of its landmark jurisdictional forest carbon programme.
WCI compliance instrument surplus edges up slightly in Q2
The compliance instrument surplus for the California-Quebec ETS edged less than half a percentage point higher in Q2 than the previous quarter, state data showed.
Non-profit challenges California regulator’s approval of ETS amendments
California regulator ARB’s recent approval of new Cap-and-Invest rules is facing a legal challenge over a non-profit’s claim that the agency did so without adequately analysing environmental and fiscal impacts of the amendments.
mCDR company hands off US pilot project to philanthropic initiative
A marine carbon removal (mCDR) company has handed over its US pilot project to a philanthropic initiative, which has a new goal of establishing a non-profit research hub in the region.
US projected to reduce power sector emissions by two-thirds despite Trump-era rollbacks -study
Despite the rollback of incentives to decarbonise power generation during the recent Trump administration, the US energy sector remains on track to reduce GHG emissions from 2025-35, according to new academic research.
Carbon finance is becoming a major revenue source for US biochar producers, survey data shows
Carbon finance is playing an increasing role in the US biochar market, according to a survey-based report published Tuesday that found national production estimates rose 32% per year between 2023 and 2025 and estimated industry value nearly tripled.
ASIA PACIFIC
AU Market: ACCU price holds, as traded volumes slip, contract exit arrangement requests open
Australia’s carbon market continues to meet resistance above the A$38 ($26.37) mark, as monthly volumes continue to trade below 2025 levels, while the start of the financial year saw applications open for the the new permanent exit arrangements for carbon contract holders.
DATA DIVE: Forestry units sees NZ stockpile inch up in June as ETS applications stay low
Forestry allowance issuances has been attributed to NZU holdings growing modestly in June, according to EPA data published Tuesday, as new applications into the ETS continue to remain flat.
NSW’s outdated coal mine guidelines are leading to flawed assessments -report
The New South Wales (NSW) government is assessing coal mine approvals under guidelines last updated in 2018, resulting in valuations that understate emissions costs and overstate project benefits, according to a report.
VOLUNTARY
Verra looks to compliance carbon markets after 2025 issuance slowdown
Verra has high hopes for growth via regulated carbon markets after issuances under its flagship carbon standard fell by around 30% year-on-year in 2025, according to its annual report.
Verra moves ahead with tighter soil carbon rules for sustainable grasslands credits
Sustainable grasslands carbon projects under a revised Verra methodology would need to validate soil carbon models against changes over time, rather than one-off stock measurements, according to a Tuesday announcement.
INTERNATIONAL
Loss and damage funding gap exposes climate finance tensions ahead of Manila meeting
Underfunding of the Loss and Damage fund risks bleeding into broader UN climate negotiations, hardening developing countries’ reluctance to raise mitigation ambition without matching finance, experts warned ahead of a critical meeting this week.
Global gas demand sees little impact from Middle East war, as LNG supply bounces back
Global gas demand will only slip marginally this year despite the US and Israel war with Iran, and the impact on LNG supply will be offset by the end of the year, according to the International Energy Agency (IEA).
International think tank publishes simulator to support governments designing carbon market frameworks
An international advisory company and think tank announced on Tuesday a new scenario-based simulation model to help governments designing their own carbon market frameworks.
AVIATION
INTERVIEW: SAF made from waste plastics can be “bridging fuel” for aviation, experts say
Producing sustainable aviation fuel (SAF) from waste plastics could act as a “bridging fuel” in decarbonising aviation before the scale-up of other fuels with a stronger emissions saving profile, say experts.
Airline retires second tranche of CORSIA credits, taking total to 250k
An Asian airline has retired another 100,000 carbon credits to meet its obligations under the aviation sector’s international offsetting programme, taking its recent total to 250,000 tonnes after the second tranche.
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EVENTS
Asia Climate Summit (ACS) 2026: July 7-9, Hong Kong – The ACS, organised by IETA, is the leading gathering of carbon market practitioners, experts, and governments from across Asia Pacific. Bringing together around 800 delegates from across the APAC region and internationally, the ACS offers a unique opportunity to gain insights into the latest climate regulatory developments, enhance your carbon market expertise, and foster meaningful business connections. The ACS addresses how to best drive corporate decarbonisation strategies, gather regional market intelligence with global perspectives, focusing on how market-based solutions can drive credible climate action, investment and sustainable growth. The programme focuses on the next steps for climate action in Asia and internationally, collaboratively moving the needle on delivering climate action and transition finance at scale. Check out the event page, or register here.
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