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TOP STORY
ANALYSIS: Market preps for ETS reforms that slow the cap’s decline, but new industrial support vehicle still “a major unknown”
Market analysts are preparing for a European Commission reform proposal that would significantly slow the EU Emissions Trading System (ETS) cap reductions after 2030 – but looming uncertainties, especially on how support for industry will interact with existing market mechanisms, is raising concerns of a bearish shock upon Friday’s announcement.
DAILY NEWS TICKER
CP Daily News Ticker: 15 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.
SPONSORED
Building the carbon markets of tomorrow – Singapore’s blueprint
Carbon markets have a key role to play as countries look to scale up their climate finance and decarbonise. However, more than two decades since the earliest market activity, gaps still remain, which lead to emissions reduction opportunities being missed as projects go unfinanced, solutions fail to scale, and uncertainty mounts for buyers. These three challenges hinder progress, and stymie climate finance flows.
EMEA
Centre-right EPP group to lead EU carbon market reform talks in European Parliament
The centre-right European People’s Party (EPP) MEP Peter Liese will lead EU Parliament talks on the upcoming revision of the EU Emissions Trading System (ETS) while a related proposal on free allocation benchmarks will be negotiated by Polish EPP member Adam Jarubas, Liese confirmed on Wednesday.
EU plans softer ETS cap reduction, halving intake rate of Market Stability Reserve -Bloomberg
The European Commission is preparing to slow the pace of annual emissions cuts in the EU’s carbon market and loosen its supply‑control reserve from the next decade, according to a Bloomberg news report.
EU ETS “paying off massively” as industrial emissions fall 41% in 2021-23 -report
The EU Emissions Trading System (ETS) reduced emissions from covered industrial installations by an estimated 41% between 2021 and 2023, equivalent to around 800 million tonnes of CO2 annually, according to research published Thursday.
Euro Markets: UKAs climb over 3% on linkage news, EUAs ease as funds cut length ahead of review
European carbon prices eased back on Wednesday, as investment funds cut their overall net length in the leadup to Friday’s EU ETS reform package presentation, while UK allowances rose steeply in the afternoon after comments from an influential EU MEP suggested an agreement to link the EU and UK ETS’s could be signed next week.
Polish power lobby wants greater flexibility for EU Modernisation Fund investments
EU member states should have greater control over the money they receive from the ETS-financed Modernisation Fund, the Polish electricity association said Wednesday.
EU’s electrification plan is a chance to overhaul market for clean power -think tank
The EU’s electricity market architecture, largely unchanged since its waves of liberalisation waves in the 1990s and 2000s, is buckling under the weight of a power system it was never built for and needs significant reform in order to speed up electrification, a think tank warned on Wednesday.
EU plans decade-long €30 bln ETS Investment Booster to back industrial decarbonisation -Bloomberg
The European Commission is set to propose allowing companies up to 10 years to receive support under a new €30 billion industrial decarbonisation scheme funded through the EU Emissions Trading System (EU ETS), people familiar with the plans told Bloomberg.
Greens push centrist coalition to defend EU ETS in European Parliament
Green lawmakers are pressing for a broad centrist coalition in the European Parliament to fast‑track a new overhaul of the EU Emissions Trading System (ETS), warning that conservative attempts to weaken the carbon market’s trajectory risk derailing the EU’s goal to reach a quick agreement on the file, before the end of Q1 next year.
BRIEFING: LNG emerges as short-term winner in shipping decarbonisation race, despite climate concerns
Shipping industry executives and campaigners are clashing over the best pathways to net zero emissions, sketching out a fragmented decarbonisation landscape where liquefied natural gas (LNG), green hydrogen-based fuels, and electrification will coexist for decades depending on the route, segment, and regulation.
EU27 hit with infringement procedures for failing to adopt laws on energy use in buildings
The European Commission is calling on all 27 member states to put the EU’s policy on the energy performance of buildings into national law, after they all missed deadlines in Jan. 2025 and this past May, it announced on Wednesday.
Nature-based developer, Japanese utility look to generate carbon credits in Tanzania
A developer of nature-based carbon removals is teaming up with a Japanese power company to develop projects in Tanzania under the Japan’s Joint Crediting Mechanism (JCM), it announced on Wednesday.
UK regulator cracks down on airline’s carbon offset messaging
A Middle Eastern airline has taken down advertisements promoting its offsetting programme after a UK authority Wednesday judged they were misleading consumers.
Coalition urges Helsinki Convention parties to remove barriers to Baltic CCS
A coalition of 24 industry, research, and civil society organisations has urged Helsinki Convention parties to remove barriers to carbon capture and storage (CCS) in the Baltic Sea, saying they are slowing industrial decarbonisation and the development of a European CO2 market.
AMERICAS
Peru significantly expands enabled carbon accounting frameworks under national registry
Peru has recognised four additional carbon crediting standards and seven methodologies under its National Registry of Mitigation Measures (RENAMI), broadening the range of eligible mitigation activities under the Paris Agreement’s Article 6 mechanisms.
Top US companies must navigate climate-target recalibration with care -report
Corporate climate targets are increasingly facing execution risk as businesses navigate the evolving emissions disclosure and economic landscapes, but likely incoming recalibrated targets don’t automatically mean rollbacks, according to a Wednesday report.
Private credit mobilises $2 bln for US sustainable infrastructure buildout
A global investment manager and California pension fund have partnered to invest up to $2 billion into sustainable infrastructure projects in the US, they announced Wednesday.
Pennsylvania requires data centres to report energy, water usage
Data centres sited in Pennsylvania will be required to report their annual usage of power and water, according to the latest state budget.
California power emissions remain stable in May YoY, natural gas continues to fall
California’s power emissions stayed stable at nearly 2 million tonnes of CO2 year-on-year (YoY) in May, according to the latest release of the GHG emissions tracking report by the California Independent System Operator (CAISO).
New utility-industrial MOU targets 50% cost cuts of gas paired with CCS
A US power producer and a Japanese industrial group said Wednesday they would work to cut the cost of integrated gas turbine combined cycle (GTCC) with carbon capture and storage (CCS) technology by half.
Developer expands orphaned well methane projects into Colorado, Wyoming with acquisition
A Chicago-headquartered carbon project developer has acquired a Colorado-based well-plugging company, expanding its pipeline of methane abatement projects into Colorado and Wyoming.
Canada urged to pair taxonomy with mandatory rules, exclude oil, gas from transition labels
Canada should complement its Australia-influenced sustainable finance taxonomy with mandatory disclosure, transition-planning, and anti-greenwashing rules, while keeping upstream oil and gas outside green and transition labels, according to a new report.
Belize to host industrial-scale biochar facility by 2028
The Central American nation of Belize is set to host an industrial-scale biochar facility designed to generate more than 42,000 tonnes of durable carbon removal (CDR) credits annually, the developer announced this week.
ASIA PACIFIC
China’s thermal power production remains stable in June, wind output swings to contraction
Power generated by China’s thermal power plants remained stable in June, but wind power output reversed, swinging from year-on-year growth to a contraction, according to government data published Wednesday.
BRIEFING: ‘Grave issues’ with NZ govt bill to ban climate torts, submissions say
Submissions on the New Zealand government’s proposed Climate Change Response Act (CCRA) amendments to ban climate torts have flagged issues with both the content and the process, with one legal expert decrying the “implausible” scenario of bankruptcy put forward by a corporation in its support for the bill.
No single solution to NZ livestock methane emissions -study
An array of interventions is needed to reduce biogenic methane emissions from livestock in New Zealand, including gene selection, vaccines, and feed additives, a study has found.
India’s CCTS faces weak enforcement, oversupply, and governance risks -reports
Design choices on coverage, governance, and supply risks will determine whether India’s Carbon Credit Trading Scheme (CCTS) delivers a robust framework, two papers have warned.
ID Market: Trading edges up in June, regulator widens market access
Trading activity on Indonesia’s carbon exchange ticked up from a 10-month low in June, but remained subdued even as volumes tripled from a low base.
VOLUNTARY
Verra biochar methodology revision would expand facility eligibility, tighten additionality tests
Production increases at existing biochar facilities could become eligible under Verra’s proposed overhaul of its biochar methodology, which would also introduce project-level additionality tests, uncertainty deductions, and expanded monitoring requirements.
SBTi seeks views on latest draft net zero standard for power sector
The Science Based Targets initiative (SBTi) has opened a second consultation on its net zero standard for the power sector, which lines up with the initiative’s new corporate standard and provides more clarity on the emissions and activities it would cover.
Isometric launches soil carbon protocol, registers first developers
Carbon removal registry and certification body Isometric on Wednesday announced a new improved soil management protocol, with three project developers already registered to generate carbon removal certificates under the framework.
INTERNATIONAL
Green Climate Fund changes raise more cash from same balance sheet
Reforms of the UN’s Green Climate Fund (GCF) will make it possible to provide another $4 billon of financing for new projects starting in October, the fund announced on Wednesday.
AVIATION/SHIPPING
BRIEFING: LNG emerges as short-term winner in shipping decarbonisation race, despite climate concerns
Shipping industry executives and campaigners are clashing over the best pathways to net zero emissions, sketching out a fragmented decarbonisation landscape where liquefied natural gas (LNG), green hydrogen-based fuels, and electrification will coexist for decades depending on the route, segment, and regulation.
Austrian asset manager delivers its first CORSIA Phase 1-tagged carbon credits
A Vienna-headquartered carbon asset manager has delivered its first credits tagged as eligible under the first compliance phase of CORSIA under a $1 million offtake agreement, it announced on Wednesday.
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GATEWAY TO ASIA’S CARBON MARKETS
Singapore’s blueprint to building the carbon markets of tomorrow. Carbon markets play a key role in accelerating decarbonisation efforts but significant challenges remain, from financing early-stage projects to navigating a complex market landscape. Enter Singapore – home to over 160 carbon services and trading companies, it is establishing itself as a leading hub for companies to access, develop, and scale high integrity carbon market opportunities across the region.
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