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TOP STORY
ANALYSIS: EU ETS carbon removal volumes may be much lower than headline figure
EU carbon removal units procured for integration into the bloc’s Emissions Trading System (ETS) could be much lower than the headline 250 Mt, as this figure refers to the number of carbon permits that will be set aside to fund removal unit purchases, experts have noted.
DAILY NEWS TICKER
CP Daily News Ticker: 20 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.
VCM WEEKLY
Voluntary Carbon Market News: July 13-19, 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
EMEA
Brussels prepares ‘shopping proposal’ for removals and international credits going into EU ETS
The European Commission plans to set up an EU facility to centralise purchases of international carbon credits and domestic removal units that will enter the bloc’s Emissions Trading System (ETS) in the 2030s, officials told Carbon Pulse.
EU ETS reform risks flooding carbon market, weakening climate ambition, warn researchers
The European Commission’s proposed overhaul of the EU Emissions Trading System (ETS) would create a prolonged glut of carbon allowances that risks suppressing prices, weakening investment signals, and putting the bloc’s 2040 climate target in jeopardy, according to a new assessment by a German think tank.
DATA DIVE: EU gas storage levels down 10% YoY, injection rates also down
Gas storage levels in Europe are 10% lower year-on-year, with levels only hitting 50% in early July, as injection rates over the last three months are 15% lower than over the same period in 2025, according to statistics published by a European gas association.
German ETS tweaks could push national CO2 price above €65, utilities warn
Germany’s planned reform of its national emissions trading system (nEHS) risks pushing carbon prices above the government’s intended €65 per tonne, with utilities and energy industry groups warning that higher-priced supplementary allowances will encourage speculative bidding and raise compliance costs.
UK’s new PM faces battle over North Sea oil and gas drilling
The North Sea is set to become a new battleground for the UK’s net zero commitment, after the new prime minister’s team signalled plans to allow further oil and gas drilling.
Euro Markets: EUAs, UKAs rise 5% as market rebounds following EU ETS reform package
European carbon prices broke higher on Monday after a multi-week resistance target snapped and the market appeared to confirm that the European Commission’s EU ETS reform proposals had been broadly priced in ahead of the announcement, with UK carbon also up by over 5%, while gas locked in gains despite falling back from a three-month high seen in overnight trading as Iran and the US continued strikes.
German ETS tweaks could push national CO2 price above €65, utilities warn
Germany’s planned reform of its national emissions trading system (nEHS) risks pushing carbon prices above the government’s intended €65 per tonne, with utilities and energy industry groups warning that higher-priced supplementary allowances will encourage speculative bidding and raise compliance costs.
EU sets out draft ETS2 payback scheme for wrongly charged fuel users
The European Commission has drafted new rules that spell out how EU countries may compensate consumers that are inadvertently charged carbon costs under the bloc’s upcoming Emissions Trading System for road transport and heating fuels (ETS2), while also using that data to correct the future supply of allowances under the scheme.
Brussels ask EU states to delay methane penalties amid war-driven energy crisis
The European Commission has recommended that the EU 27 member states suspend penalties under the bloc’s landmark methane rules for three years, assuming that the current energy crisis requires a more flexible approach while leaving all compliance obligations intact.
Brussels clears Italian scheme that boosts indirect carbon cost compensation for heavy industry
Italy will more than double the amount it spends reimbursing energy‑intensive companies for higher power prices linked to carbon costs, after Brussels signed off on an expanded state aid scheme on Monday.
Germany softens renewables law reform, but industry still warns of investment risks
Germany’s government has unveiled a softened version of controversial reforms to its renewable energy support scheme, but utilities, renewable energy groups, and even members of the ruling coalition say the plans still risk undermining investment in wind and solar capacity.
EU Commission greenlights Latvia’s €617 mln plan to shield citizens from ETS2 impacts
The European Commission approved on Monday Latvia’s Social Climate Plan, which is designed to soften the impact of the bloc’s new carbon market for buildings and road transport.
Seven EU countries could add 25 GW of wind and solar without new grids -report
Seven EU countries could add 25 GW of wind and solar capacity to the grid at existing hydropower sites so that this capacity does not require new grid connections, according to a report published Tuesday.
EU identifies two additional North African ports as carbon leakage hotspots
Brussels has proposed that two additional North African ports be excluded from emissions obligation calculations for ships under the bloc’s ETS, as part of draft rules published on Friday.
New biochar firm targets African agricultural waste for carbon credits
A newly launched biochar company plans to help African agricultural processors convert biomass waste into biochar and generate verified carbon removal credits for corporate buyers, it announced last week.
French cement producer raises €17 mln to scale low-CO2 clinker alternative
A French producer of low-carbon cement materials has raised €17 million to expand the output of its calcined clay product that it says has up to 90% lower CO2 emissions than the clinker it replaces.
Iraq consults on national aviation surcharge to generate climate finance -official
Iraq’s state-owned carbon pricing company is in talks with aviation industry stakeholders to introduce a country-specific surcharge on plane tickets, according to a senior official.
AMERICAS
LATAM Roundup: EU ETS proposal sends tentative demand signal as Latin America builds Article 6 frameworks
Latin America’s push to establish Article 6 frameworks gained added significance after the European Commission proposed allowing a limited volume of international credits into the EU ETS from 2036.
Argentine provincial J-REDD+ seeks new private native forest land as programme expands -media
The first Verra-approved jurisdictional and nested REDD+ (JNR) programme, located in northern Argentina, is aiming to incorporate a batch of privately owned native forests in the coming months after the launch of a capacity-building programme, according to local media.
US “deeply concerned” over proposed EU ETS extension to some long-haul flights, State Dept says
The US is “deeply concerned” about potential expansion of the EU Emissions Trading System (ETS), the State Department said on Monday after the bloc last week proposed extending its market to cover some longer-haul international flights.
RGGI Market: RGAs fall to $40 amid additional auction supply, retreat in power prices
RGGI Allowance (RGA) futures fell to around the $40 mark following the announcement of additional allowances to be offered at September’s Q3 auction and after a pull back in power prices in the region, traders said.
Apple Watch buyers challenge dismissal of carbon neutral marketing lawsuit
Apple Watch buyers have asked a US appeals court to revive claims that the tech giant falsely marketed certain devices and its corporate operations as carbon neutral, arguing that a lower court improperly required scientific validation before allowing the case to proceed.
South Carolina conservation non-profit to support landowner, cooperative participation in VCM
The South Carolina chapter of the National Audubon Society will launch a programme aimed at enabling family landowners to generate revenue from the voluntary carbon market (VCM), the conservation charity announced Monday.
California consumers say court prematurely resolved disputed offsets in carbon neutral vape marketing case
A proposed class action challenging carbon neutral marketing for vaping products should be revived because the lower court misdefined the term and prematurely resolved disputed factual questions, three consumers have told a US appeals court.
Texas approves research project towards coastal restoration blue carbon financing scheme
Texas officials approved Monday a research project to investigate the feasibility of a blue carbon financing model that will aid in a Gulf Coast shoreline restoration plan.
US clean energy project announcements in 2026 outstrip cancelled, postponed generation -analysis
The US has 17.3 GW of clean energy generation announcements through May 2026 remaining ahead of some 13.3 GW of cancelled or postponed projects, according to analysis published on Monday.
More public support for more “natural” CDR, early study results find
Low-carbon energy and CDR technologies perceived as more natural were judged as safer, more beneficial, and evoked less negative emotion among US study participants, according to a preprint published Monday.
Canada’s Sustainable Finance Taxonomy will include new regional-specificity approach, mirroring diverse power generation mix
Canada’s upcoming Sustainable Finance Taxonomy will be one of the few globally to have a regional-specific component, owing to provincial diversity in urban and rural populations, weather patterns, and existing electricity contexts.
ASIA PACIFIC
Singapore weighs carbon prices in Indonesia green power import talks
Singapore is looking at prices of carbon credits in negotiations over imports of low-carbon electricity from Indonesia, as the city-state seeks a “commercially viable” cost for the cross-border power trade.
BHP decarbonisation delay to massively increase Safeguard compliance costs, research finds
BHP’s deferral of decarbonisation spending could increase its carbon costs by 48% to $16-28 billion by 2050, according to research published Monday, calling on the company to outline interim emissions reduction investment plans.
Australia achieves record electricity project output, but teething issues persist
Australia saw the volume of new electricity generation and storage capacity reaching full output more than double last financial year, though batteries did most of the heavy lifting as well-known bottlenecks continue to stifle wind and solar rollouts, according to a report by the market operator Monday.
VOLUNTARY
VCM REPORT: CORSIA futures jump above $12/t on EU ETS reform package, despite complications for global aviation
ICE CORSIA Dec-26 futures continued their upward swing last week, rising to $12.50/t by the end of Friday, from $10 per tonne the previous week, as the European Union proposed to extend EU Emissions Trading System (ETS) coverage to some international flights while continuing “support for multilateralism” through a CORSIA cost deduction mechanism.
INTERNATIONAL
FEATURE: Continued EU ETS exemption for most long-haul flights brings short-haul relief for CORSIA
The European Commission proposal to hold off on extending the Emissions Trading System (ETS) to all international flights is a welcome sign of certainty for the UN’s carbon offsetting scheme CORSIA – although ICAO, and market participants, worry the relief will be short-lived.
Scaled-up crediting needs stronger safeguards as CORSIA, Article 6 demand rises, OECD says
Scaled-up carbon crediting, which covers emissions reductions measured across entire jurisdictions or sectors, or linked to specific government policies, needs stronger safeguards as demand from aviation and Article 6 buyers grows, the OECD said in a report released Monday.
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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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JOB LISTINGS THIS WEEK
- Carbon Projects Manager, WeAct – South Africa
- Head of Carbon Projects, South Africa, WeAct – South Africa
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