Presenting Carbon Pulse’s free CP Daily newsletter. Sign up here
TOP STORY
Global shipping carbon price in the crosshairs as countries debate future of Net-Zero Framework
Countries remain divided on what a Net-Zero Framework (NZF) for global shipping should look like, with some calling on Wednesday to scrap its carbon levy, and others to ditch any mechanism that collects revenue.
DAILY NEWS TICKER
CP Daily News Ticker: 29 April 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
European Parliament wards off attempts by right-wing groups to cancel EU ETS2, approves MSR position
The European Parliament voted to keep allowances in the Emissions Trading System for heating and transport (ETS2)’s Market Stability Reserve (MSR2) fully valid until 2033, with partial validity until 2035, while they rejected right-wing political parties’ attempts to delete and postpone the bloc’s second carbon market.
EEX confirms fall in EU carbon volumes in 2025, as Q1 2026 trade surges
European exchange EEX confirmed that its EU emissions spot and derivative volumes dipped in 2025, year-on-year, in annual financial results published Wednesday.
Euro Markets: EUAs tumble most since Easter as market snaps back to negative correlation with energy
European carbon prices shed 2.5% on Wednesday as traders re-focused on the conflict over the Strait of Hormuz and its impacts on energy markets while the negative correlation – between gas and oil on one side and carbon on the other – resumed to send EUAs back below a number of technical support levels.
Brussels loosens state aid rules, insulates ETS from power price spike
The European Commission’s new Middle East crisis aid framework draws a line between the EU ETS and the latest surge in energy cost, helping to ease high power prices while insisting that the carbon market is not the culprit.
Middle East turmoil reopens battle over ETS as EU centre-right defends system, urges pragmatic rollout
A European Parliament debate on the EU’s response to the Middle East crisis veered onto the bloc’s carbon pricing system, as MEPs clashed over whether the ETS and border carbon fee are shielding people from fossil fuel shocks or piling costs onto households, farmers, and industry.
EU Commission open to discussing Italian gas power subsidy
The European Commission signalled conditional openness to Italy’s plan to subsidise gas-fired power on Wednesday, as it unveiled a new temporary state aid framework to cushion energy-intensive sectors from the Middle East crisis.
Brussels looks to merge emission rules for land-based removals, non-ETS sectors
Brussels is looking into merging the land use, land use change, and forestry (LULUCF) Regulation and the Effort Sharing Regulation (ESR) into a single instrument, it said as part of its regulatory “deep cleaning” action plan.
CBAM appears to be distorting power flows between Western Balkans and EU, says Energy Community
The EU’s carbon border fee appears to be distorting electricity flows between the EU and the Western Balkans countries, which risks reducing the amount of clean power flowing from these countries into the bloc, according to a report by an energy community body.
Policymakers should consider rewarding carbon removal with EU ETS benefits -expert
Carbon removal could be added to the list of decarbonisation actions that are tied to EU ETS benefits like free allowances and indirect ETS cost compensation, suggested a German consultant on a webinar Tuesday.
EU case for renewable expansion boosted by UK CCS subsidies, finds paper
The folly of the UK offering vast subsidies for a single gas-fired power plant with carbon capture and storage (CCS) should serve as warning to the rest of Europe, according to a new paper.
Steelmaker profits from EU ETS freebies, while watering down decarbonisation goals -NGO
A European steelmaker has profited from the EU’s Emissions Trading System (ETS) by receiving more free carbon allowances than it emits, and is weakening its decarbonisation goals despite receiving significant government subsidies, according to new analysis.
UK electrification firms lag on public emissions disclosure, Scope 3 reporting, study says
Emissions reporting is becoming standard practice across the UK’s electrification supply chain, but public transparency and Scope 3 coverage still lag behind, according to an industry analysis published Wednesday.
Europe’s climate extremes reached new records in 2025 -report
Europe’s climate saw one of its most extreme years yet in 2025, with record wildfires – and emissions from fires – as well as prolonged heatwaves and severe drought, according to the latest European State of the Climate report.
Africa Roundup: Rush of clean cookstove projects cleared for international carbon crediting
A flurry of Sub-Saharan African clean cookstoves were cleared to generate international carbon credits this past month, injecting fresh supply into the aviation offsetting scheme CORSIA, and the wider international market.
UK govt carbon removal expert joins voluntary standard
A carbon removal expert that had been working for the UK government has joined a voluntary market registry and standard body.
Industrial companies, local govts urge UK to choose HyNet for first hydrogen network
More than 40 companies, associations, and local governments are urging the UK government to make the HyNet carbon capture and storage cluster the countries first regional hydrogen network.
AMERICAS
Pennsylvania funds $6.8 mln carbon capture at cement plant, part of wider GHG reduction package
Pennsylvania announced more than $267 million to projects across the state targeting GHG emissions reductions between a number of projects, including one carbon capture initiative at a cement manufacturing plant.
RGAs move higher Wednesday following reversal, RGGI confirms Virginia’s July re-entrance
RGGI Allowance (RGA) futures moved back higher following Tuesday’s reversal from the recent historic surge as market administrator RGGI Inc. issued a statement late in the day welcoming Virginia back into the programme.
US researchers publish independent GHG emissions inventory after EPA fails to file annual report
US researchers have published an independent national GHG inventory covering three decades of emissions data, after the Environmental Protection Agency (EPA) missed its annual reporting deadline for the second consecutive year.
Washington releases proposed APCR, auction updates under cap-and-invest
Washington’s Department of Ecology (ECY) published on Wednesday implementation guidance related to planned updates to Allowance Price Containment Reserve (APCR) and other auction- and supply- related provisions under the state’s cap-and-invest programme.
Brazilian agtech startup for soil carbon MRV raises R$10.8 mln
A Brazilian startup focused on the development of monitoring, reporting, and verification (MRV) technology for carbon crediting in agriculture has raised R$10.8 million ($2.15 mln) to expand its business, it announced on Wednesday.
Cost, demand barriers limit species-level forestry project data -expert
Remote sensing-based models used for forest carbon projects are unlikely to incorporate tree species identification due to cost constraints, with speakers instead highlighting the role of time-series biomass data in assessing forest carbon projects at a Wednesday webinar.
ASIA PACIFIC
Verra reinstates eight Chinese carbon projects to registry, probes ongoing into others
Verra has reinstated eight carbon projects in China following the conclusion of quality control reviews (QCRs), but probes are continuing in another 27 projects, it announced Wednesday.
Kazakhstan signs Article 6.2 forest-climate MOU targeting 1.2 mln CDR credits
The government of Kazakhstan announced a memorandum of understanding (MoU) under Article 6.2 of the Paris Agreement regarding a forestry project targeting more than 1.2 million tonnes of CO2 removals.
India’s green steel ambitions falter as capital lags, emissions intensity worsens -report
Indian steelmakers have been setting ambitious climate targets, but a recent report found that failure to back those goals with capital spend is leaving the sector lagging global peers on decarbonisation efforts, even as emissions intensity worsens.
Australia’s electricity emissions fall 5% as renewables, battery use expands
Emissions in Australia’s largest electricity grid fell to a new quarterly low thanks to increasing penetration of renewables battery storage, according a report by the operator Thursday.
Australian coal mines relying more on emissions accounting, offset use to meet Safeguard liabilities, analysis finds
Australian coal mines increased their reliance on offsets to meet compliance obligations under the Safeguard Mechanism, according to analysis calling for the upcoming review to plug gaps in the scheme.
Report pushes APAC countries to shift to renewable, decarbonisation trade partnerships to avoid fossil fuel shocks
A report published Wednesday has urged trading partners in the Asia Pacific to move away from their fossil fuel dependencies as a way to reduce emissions and shore up energy security.
**WEBINAR**
The Carbon Removal Debate – Nature vs Tech: Apr. 28 – How do you choose between nature-based and technology-based carbon removals – and do you even need to choose? Join UPS, Kearney, and Climate Impact Partners for a practical, discussion-led webinar on building a defensible removals portfolio that fits your goals, reputation, budget, and evolving guidance. Hear real-world perspectives from Jessica Garcia, Sustainability Manager at UPS and Pei Yun Teng, Senior Director for Impact & Sustainability at Kearney. Tuesday 28 April 2026 | 8am PDT | 11am EDT | 4pm BST | 5pm CEST. Learn key trade-offs, what “quality” means in practice, and how to justify decisions internally. Leave with a clear next-step framework. Register here to watch live or on-demand
VOLUNTARY
SBTi updates ‘contraction approach’ in corporate net zero guidance
The Science Based Targets initiative (SBTi) has announced an update to its “absolute contraction approach”, a key method used by companies to set emissions reduction targets, in a move aimed at improving consistency and implementation while preserving net zero ambition.
Verra publishes auditor scorecards, says it’s cutting timelines amid digitalisation
The standard body is cutting project review timelines, rolling out digital systems, as well as expanding Article 6 and CORSIA labelling guidance, it said in a Wednesday stakeholder update, as it also published auditor scorecards on the same day.
Carbon removal startup raises $1.1 mln to scale platform for nature-based solutions
An India-based climate startup has raised $1.1 million in a funding round to help scale its carbon removals platform focused on nature-based solutions.
Carbon markets expert leaves BP to join rival fossil fuel major
An established carbon markets expert has departed the British fossil fuel producer BP to join another large oil and gas company, they announced Wednesday.
INTERNATIONAL
Nearly a quarter of legacy UN carbon projects risk overlapping with community lands -analysis
Nearly a fourth of the Kyoto Protocol’s Clean Development Mechanism (CDM) era projects transitioning into the Paris Agreement’s Article 6.4 market risk overlapping with land used by Indigenous Peoples and local communities, according to an analysis that geospatially mapped hundreds of projects.
Rainforest loss down 36% in 2025, but 30×30 biodiversity target remains out of reach -report
Tropical rainforest loss decreased by 36% in 2025 from the previous year, but remained 70% above the level required to meet the global target of halting and reversing biodiversity loss by 2030, according to a report.
Unreported coal mine methane hinders climate action, report says
Coal mine methane (CMM) emissions remain largely unaccounted for in official data, hindering the uptake of proven technologies that could cut emissions this decade, according to a report published Wednesday.
GEF strategy puts nature-based solutions at centre of climate adaptation funding
Countries have agreed on a four-year strategy for climate adaptation funds run by the Global Environment Facility (GEF), which aims to scale up investment in nature-based solutions (NbS).
AVIATION/SHIPPING
Aerospace company procures 20k CDR credits via carbon marketplace
A US-based aerospace company has procured 20,000 carbon removal (CDR) credits from six suppliers across the globe via a UK-based marketplace, it was announced Wednesday.
—————————————————
EVENTS
ClimateGlobal 2026: May 12, Vancouver – bringing together 300+ founders, investors, and operators from the Canadian and international climate tech ecosystem to explore what comes next and how to actually get there. This second edition will focus on two themes: “The Canadian Opportunity” and “Going Global from Canada”. Confirmed attendees include trade missions from ASIA and LATAM, North American and EU investors as well as global corporations and startups. If you are raising, selling, or expanding internationally make sure to be in the room. Register here.
Carbon Removal Investment Summit 2026: May 13, London – The Carbon Removal Investment Summit returns to London on May 13, 2026. cCarbon’s flagship, data- and modelling-driven dialogue brings together 200+ attendees from 160+ organisations, including investors, financiers, buyers, policymakers, developers, and market leaders shaping the carbon removals market. The summit features 40+ expert speakers across 10 curated sessions, along with a private investor conclave for deeper discussions among leading capital providers. The agenda explores where capital is moving, how investment and offtake structures are evolving, and what it will take to move from early momentum to meaningful scale. Register here.
Power Summit: June 3-4, Helsinki – Join Eurelectric’s annual summit, where policymakers, industry leaders and innovators will explore how electrification can power Europe’s secure, competitive and climate-neutral future. This year’s edition will focus on accelerating electrification, strengthening energy security and mobilising investment for the energy transition. Register now.
—————————————————
PREMIUM JOB LISTINGS
- Carbon Sales Manager, BioLite – Remote/Kenya/Europe
- Environmental Markets Correspondent, Carbon Pulse – Toronto/Vancouver
- Asia-Pacific Environmental Markets Correspondent, Carbon Pulse – Remote
See all listings or post a job
—————————————————
ADVERTISE WITH US
Check out our 2026 Advertising Brochure & Media Pack, featuring updated offerings and prices. Bookings are open! The pack presents an overview of our content, products, and readership, as well as full details of our website and newsletter advertising opportunities.
Got a tip? How about some feedback? Email us at [email protected]
