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Australia announces the closure of Climate Active

The Australian government has announced it is shuttering its Climate Active certification programme, saying the voluntary scheme is no longer needed.

DAILY NEWS TICKER

CP Daily News Ticker: 24-26 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.

INTERNATIONAL

EU draws lessons from Belem, drafts sharper mandate for COP31

The European Union will head into this November’s UN climate talks better prepared and with a more focused mandate than at last year’s summit in Brazil, with EU diplomats drafting a shorter five‑page document ahead of COP31.

PACM methodology experts agree draft cookstoves methodology, update grid tool

The Methodological Expert Panel (MEP) for the Paris Agreement Crediting Mechanism (PACM) has agreed a long-awaited draft mechanism methodology for clean cooking.

Global climate action is building pace in the leadup to COP31

Progress is being made to advance global climate action in the leadup to COP31 in Turkiye as governments and the private sector engage on the key themes of electrification, nature stewardship, agricultural transformation, urban resilience, and social development, report the UN’s Climate High-Level Champions.

Meta leaves renewable energy initiative over gas buying

Meta has left a global scheme in which companies commit to sourcing all their power from renewable energy, having increased its gas procurement to power data centres, according to reports in the media.

EMEA

EU blocks Russia’s request to form a WTO panel to rule on CBAM

The EU on Friday blocked a request from Russia to the World Trade Organization (WTO) to establish a dispute panel to examine the bloc’s Carbon Border Adjustment Mechanism (CBAM).

EU carbon price cheapest but less equitable than national plans -report

A hypothetical economy-wide EU-wide carbon price would deliver the bloc’s 2030 climate target at the lowest average cost per household, but place a greater burden on poorer member states and households than the current national-plan-based approach, according to a study published Thursday.

Euro Markets: EUAs drop for second day as traders adopt risk-off ahead of tense geopolitical weekend

European carbon prices edged lower on Friday, extending Thursday’s €3.00 day-long decline as speculative traders took remaining profit after the market’s 10% jump early in the week, and participants reduced exposure ahead of a tense weekend in the Middle East.

German govt advisors back centralised Article 6 procurement for EU ETS, warn against direct offset use

International carbon credits under Article 6 of the Paris Agreement should only be integrated into the EU Emissions Trading System (EU ETS) through a centrally managed purchasing mechanism rather than allowing companies to buy offsets directly for compliance, according to a discussion paper published by the German Environment Agency (UBA).

German govt advisors find no clear policy option to support CBAM exports

Germany’s Federal Environment Agency has assessed four policy options to support exporters in sectors covered by the EU’s Carbon Border Adjustment Mechanism (CBAM), but concluded that no single measure is preferable and that a sequenced combination may work best.

Germany backs EU’s proposed ETS reform, says aligned with Berlin’s ideas

Germany’s environment and climate minister, Carsten Schneider, said the European Commission’s proposed overhaul of the EU Emissions Trading System (ETS) closely reflects German priorities, backing a package that would slow the pace of emissions cuts in the next decade while tightening conditionality for the distribution of free allowances to industry.

Sweden “frustrated” by EU plan to weaken ETS, clashes with Germany and Poland

The Swedish state secretary for climate and environment, Daniel Westlen, clashed with his German and Polish counterparts on Friday, pushing back against European Commission proposals to slow the pace of CO2 cuts in the EU Emissions Trading System (ETS).

Hidden carbon cost of inland shipping exposed while Germany bets on rivers to decarbonise

Inland water vessels emit almost a quarter of global shipping CO2 emissions despite operating on less than 1% of the world’s navigable waters, according to a major new study landing just as Germany eyes river transport for its low-carbon industrial strategy.

Renewables provided over 25% of total EU energy use in 2025 -Eurostat

The share of renewables in the EU’s gross final energy consumption last year exceeded a quarter, while almost half of the bloc’s electricity came from renewable sources, according to the latest official data.

EU demand for electric and hybrid cars surges amid oil price spike

Battery electric cars surged to a fifth of all new car registrations in the EU in the first half of the year, as oil prices spiked on the back of the US-Israeli war against Iran.

ECB extends climate collateral haircut to bank loans

The European Central Bank (ECB) is widening its climate-related collateral discount beyond bonds to cover certain bank loans, or credit claims, where the borrower is a non-financial corporation, it said on Friday.

CBAM lead advisor moves to big four consulting group

The former lead Carbon Border Adjustment Mechanism (CBAM) advisor for a London-based carbon market intelligence firm has taken on the role of director in the same area for one of the big four global consulting groups.

AMERICAS

Chile to unveil three designs for energy-sector ETS pilot ahead of 2027 launch

Chile’s Ministry of Energy will publish three alternative designs for its planned energy-sector emissions trading system (ETS) pilot for public consultation later this year, ahead of its 2027 rollout, an official said Thursday.

New York needs up to 105 GW of new capacity for zero-emissions grid target -NYISO

New York’s power grid needs up to 105 GW of new generation capacity by 2044 to reach zero-emissions electricity, a report by the state’s grid operator showed.

BRIEFING: Environmental researchers, advocacy groups back challenges to Apple carbon neutrality lawsuit

A coalition of carbon market researchers and several environmental groups separately filed to support the reversal of a US federal judge’s dismissal of a class action lawsuit, which claimed Apple consumers were misled by carbon neutral marketing.

CFTC: Managed money builds CCAs, RGAs

Financial players added to their California Carbon Allowance (CCA) net length and narrowed their RGGI Allowance (RGA) net short, according to the latest US Commodity Futures Trading Commission (CFTC) data.

Wildfires are burning California compliance offset projects, research group warns

Wildfires currently burning in two forest offset projects, eligible for compliance under California’s Cap-and-Invest programme, are expected to incur more losses in the coming days, a carbon market research group warned Friday.

ASIA PACIFIC

Australian regulator approves stacking of water quality improvement credits, ACCUs

Australia’s Clean Energy Regulator (CER) has approved the stacking of credits generated through water quality improvement activities with the Australian Carbon Credit Unit (ACCU) Scheme.

Australian pension funds ease pressure on investment bank over climate disclosures

Shareholder pressure on Australian investment bank Macquarie Group over its fossil fuel financing weakened at its annual meeting this week after several large domestic pension funds withdrew support for a push seeking greater scrutiny.

CN Markets: CEAs hold above RMB 90 amid slower trading, Beijing eyes global market engagement

Prices in China’s national emissions market continued to climb over the past week despite the absence of the allocation plan for power plants, while the government is weighing options to further engage in the international carbon market.

EU ETS overhaul to challenge India’s steel exports -report

The European Commission’s proposed overhaul of the EU Emissions Trading System (ETS) could make the bloc an even tougher market for Indian steel exporters unless carbon pricing and trade rules are better aligned, a global steel standards body warned on Friday.

India’s mangrove plantation success should be measured by long‑term outcomes, scientists say

India’s mangrove plantation programmes should be evaluated by long-term ecological outcomes rather than sapling counts, a study suggested.

Philippines, climate tech firm launch rice‑paddy pilot to generate carbon credits

The Philippine National Irrigation Administration and a climate tech company have jointly launched a pilot project to generate carbon credits from rice paddies through alternate wetting and drying (AWD).

Vietnamese conglomerate builds carbon credit measurement platform for EV projects, eyes exports

A Vietnamese conglomerate has built the measurement infrastructure for carbon credit generation from its electric vehicle and charging network projects, which could collectively generate up to 4.5 million units, with room for exports under Article 6.2 of the Paris Agreement.

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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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EVENTS

Carbon Accounting in Agricultural Supply Chains Summit: Aug. 18-20, Chicago – As scrutiny of Scope 3 emissions intensifies, agricultural supply chains remain one of the most challenging areas to measure accurately. The 3rd Carbon Accounting in Agricultural Supply Chains Summit brings together sustainability, agriculture, and supply chain leaders to explore practical approaches for building credible, audit-ready carbon accounting programs. Hear from experts at Danone, Mars, Elanco, Hunnicutt Farms, Continuum Ag, New Belgium Brewing, and many more, as they share real-world strategies for MRV, data integration, farmer engagement, and regulatory readiness. Gain actionable insights into turning farm-level data into trusted reporting and emissions reduction decisions. Learn more here.

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