Presenting Carbon Pulse’s free CP Daily newsletter. Sign up here
TOP STORY
BRIEFING: NZ govt proposal to limit climate torts another breach of trade agreements, say experts
The New Zealand government’s legislative efforts to restrict climate-related tort claims is a breach of trade agreements with the UK and EU, experts told Carbon Pulse.
DAILY NEWS TICKER
CP Daily News Ticker: 4 June 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
Brussels says new EU ETS benchmarks could be fast-tracked and backdated to 2026
Brussels has told industries they could receive a top-up of free carbon allowances for 2026 once new benchmarks are presented alongside the reform of the bloc’s carbon market in July, EU sources told Carbon Pulse.
EU eyes raising ETS cap to make room for carbon removals
The overall cap on the EU Emissions Trading System (ETS) will likely need to be raised to make room for units generated from permanent carbon removals, while giving extra breathing space to regulated industries, an official has indicated.
Brussels takes Spain and Poland to court over failure to implement ETS rules
The European Commission has referred Spain and Poland to the EU Court of Justice for failing to transpose revised emissions trading rules into national law, more than two years after the deadline passed.
EU carbon sales to fund ‘Investment Booster’ will come from free permits buffer, reserve for new entrants -Bloomberg
The EU is preparing to finance a new €30 billion clean energy investment programme by selling carbon permits from a reserve for new entrants in the bloc’s Emissions Trading System (ETS) and from an existing buffer of free allowances, while spreading out any auctioning to ensure the additional supply does not disrupt the bloc’s carbon market, Bloomberg reported Thursday.
Euro Markets: EUAs fall as much as €2 amid continued selling before afternoon stabilisation
EU carbon allowances fell by as much as €2 by early on Thursday afternoon as traders continued to liquidate long positions that were initiated last week, before prices then stabilised over the balance of the session, while news reports concerning 400 million permits set to be allocated to fund a new Industrial Decarbonisation Bank also appeared to add to the bearish mood.
Finnish minister urges strong EU ETS to keep Europe in clean-tech race
Finnish climate minister Sari Multala on Thursday defended the EU Emissions Trading System (EU ETS) as the central policy to steer investment towards clean energy, warning that any weakening of the bloc’s carbon market risks undermining the continent’s clean-tech ambitions.
Brussels appoints EEX to auction EU ETS1 and ETS2 allowances until 2030
The European Commission has selected the EEX exchange to auction EU carbon allowances for the EU Emissions Trading System (ETS) and for the ETS for heating and transport (ETS2) for the next five years.
Brussels to present CO2 infrastructure law in November
The European Commission will present its CO2 transport and infrastructure package in November, a senior EU official has indicated, saying the regulation will remain light in the beginning while providing a long-term vision to support investment in carbon capture and storage (CCS) networks.
EU carbon farming rules face backlash as biodiversity safeguards watered down
The European Commission is facing mounting criticism over its forthcoming rulebook for certifying carbon farming activities, with campaigners warning that the framework risks undermining environmental integrity just as the EU seeks to expand carbon removals alongside its emissions trading and carbon border policies.
EU needs to find “middle ground” for CORSIA credit eligibility, says rating agency
EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.
Norway emissions edge down in 2025 as road transport cuts offset industry rise
Norway’s greenhouse gas emissions fell by 1.2% in 2025, as lower road transport emissions outweighed increases from industry and agriculture, according to preliminary data released Thursday.
Europe’s post-1980 heatwave surge driven mainly by GHGs, amplified by cleaner air policies -study
The sharp rise in European summer heatwaves since 1980 has been driven primarily by greenhouse gas emissions and further intensified by reductions in aerosol pollution resulting from air quality regulations, according to a new study.
UK govt urged to set up carbon reporting office, streamline data
The UK government needs to create a dedicated carbon reporting office in order to streamline an increasingly fragmented landscape of regulations and approaches to emissions accounting, according to a report published on Thursday.
UK waste wood BECCS project files planning application
A UK energy-from-waste wood company has submitted a planning application to add carbon capture technology to an existing bioenergy plant, it announced last week.
Jordan, Norway push ahead on carbon market cooperation
Jordan is aiming to be among the first Arab countries to join international carbon markets, by convening its third steering committee meeting for a Norway‑funded initiative to cut emissions from the waste sector.
AMERICAS
WCI Markets: CCAs reach five-month highs following ARB approval of ETS revamp
California Carbon Allowance (CCA) futures rose to five-month highs following the long-awaited approval of programme updates by California regulator ARB late last week, although traders expressed mixed expectations whether prices would hold at current levels.
LACS26: Latin America, the Caribbean provide a “comprehensive offer” for future international carbon trading with the EU -representative
Ambitious climate targets, robust carbon pricing instruments in the works, and substantial emissions reductions potential make Latin America and the Caribbean one of the best regions to supply the EU’s future demand for international carbon credits, a representative from the bloc’s climate taskforce said this week.
LACS26: Chile plans ‘matchmaker’ platform for early-stage carbon projects with investors
The Chilean government is looking into building a platform designed to increase carbon project transparency and connect developers with investors, consultants, and potential buyers across different markets, an official said on Thursday.
Trump taps wartime authority to bolster coal plants, expand export capacity
US President Donald Trump launched hundreds of millions of dollars in funding to protect coal plants and mines on Thursday, using powers under wartime authority to dole out much of the funding.
Alberta price floor could fail, set path to increased emissions, market observers say
Alberta market participants are pricing credits for “materially looser market conditions” as the price floor laid out in the Canada-Alberta carbon deal looks set to fail, charting a path to increased emissions by the mid-2030s without tighter stringency, a new analysis said.
Canadian timber company reports emissions cuts, $13.3 mln in credit revenues
A Canadian-headquartered forestry major this week reported progress towards its climate targets, including lower emissions and new revenues from carbon market activities, in its latest sustainability report.
Canadian DAC developer inks deal with financial major for 18k credits
A Canadian bank has signed a deal to purchase 18,000 verified direct air capture (DAC) carbon removal (CDR) credits from a Montreal-headquartered project developer, it was announced on Thursday.
US oil companies could be converted to carbon removal obligation, says academic
A fresh lobbying campaign in the US to mandate fossil fuel companies to use carbon removal (CDR) technology may garner support from the oil sector, an academic and sectoral expert told Carbon Pulse this week.
Greenpeace wins jurisdiction battle in Dutch challenge to $345 mln US pipeline verdict
A Dutch court has cleared the way for Greenpeace International to pursue legal action against US pipeline operator Energy Transfer, rejecting the company’s attempt to have the anti-intimidation case dismissed and allowing proceedings to move to the merits stage.
Colombian draft decree conditions carbon market continuation on emerging systems
Colombia has published a draft carbon markets decree addressing technical and safeguarding concerns with tools that don’t yet exist, also imposing new responsibilities on domestic and international entities, but leaving key implementation questions open.
ASIA PACIFIC
Credible carbon price signals in India CCTS hinge on stronger reforms, report says
India’s forthcoming Carbon Credit Trading Scheme (CCTS) will need tighter benchmarks, eventual power sector inclusion, and stronger coordination with companion policies to deliver credible carbon price signals, a report said on Thursday.
Irrigation equipment maker launches biochar reactor in India, among world’s largest
An Indian micro‑irrigation systems provider has commissioned an industrial‑scale biochar facility in the western Indian state of Maharashtra, which it described as its largest to date.
Papua New Guinea unveils enhanced NDC, secures €2.1 mln in EU climate funding
Papua New Guinea has set a pathway to reach net zero emissions by 2030 and become net-negative by 2035 under a near-final update to its national climate pledge, while simultaneously securing new EU funding to strengthen climate finance, forest monitoring, and biodiversity governance.
AU Market: ACCU prices rise 6% year-on-year in May as compliance activity solidifies
Australian carbon prices steadily climbed to higher levels last month, thanks to consistent compliance activity that suggests a maturing market, according to intelligence companies.
Japan-led JCM faces hurdles, but NbS may offer a path forward, paper says
The effectiveness of the Joint Crediting Mechanism (JCM) remains constrained by institutional complexity and insufficient partner engagement, but Tokyo’s move to scale up nature-based projects may address the issue of limited credit issuance, a new paper argued.
VOLUNTARY
Corporate net zero targets need clearer split between controllable cuts and external barriers -report
Companies should split net zero targets between emissions cuts they can deliver themselves and reductions that depend on wider system change, as part of a more honest approach to corporate climate commitments, according to a report published Thursday.
Oil and gas companies call for harmonisation across CCS, engineered CDR standards
An initiative led by major oil and gas providers called for harmonisation of reporting standards for carbon capture and storage (CCS) and engineered carbon removals (CDR), saying addressing gaps would enable the industry to accelerate towards climate goals.
Machine learning-guided composting could turn global organic waste sector into carbon sink -researchers
Optimising composting practices using machine learning could transform the global organic waste sector from a net greenhouse gas emitter into a carbon sink while conserving nutrients for agriculture, according to a new study.
Voluntary carbon registry lists first Paris Agreement-aligned activity
A voluntary carbon registry has listed its first Paris Agreement-aligned project, a clean cooking initiative in Senegal that is set to expand to cover several different programmes in the coming years, it was announced on Thursday.
Natural forest expansion sequesters more carbon than secondary forests in tropics -study
Natural forest expansion across the moist tropics has sequestered more above-ground carbon than secondary forests, but the sink remains far smaller than emissions from tropical forest loss, according to a new study.
INTERNATIONAL
World Cup given red card for carbon emissions
This summer’s World Cup will emit more than twice as much CO2 as the carbon footprint of the last football bonanza in Qatar in 2022, finds research published on Thursday.
—————————————————
Secure your exact CBAM compliance costs today – With CBAM now in its definitive phase, EU ETS market volatility introduces a highly unpredictable expense into global supply chains. AFS Energy offers a dedicated hedging strategy. We enable CBAM declarants to lock in their exact CBAM cost for the next quarter, absorbing 100% of the market risk and guaranteeing CBAM certificate price for the February 2027 purchase. Whether protecting your own supply chain or advising clients, partner with us to turn an unpredictable regulatory burden into a fixed operational expense. Contact AFS Energy here to find out more.
—————————————————
EVENTS
Climate Futures APAC Summit 2026: June 17-18, Bangkok – As Asia-Pacific enters a defining era, the opportunities in climate and carbon markets, and decarbonisation strategies have never been greater. CFAS2026 convenes 600+ senior decision-makers from governments, corporates, financiers, exchanges, developers, and multilateral organisations to deliver actionable, proven strategies on Article 6 flows, CBAM-resilient supply chains, 2026-2028 procurement strategies, carbon accounting and digital MRV, high-integrity crediting, nature-based and engineered removals, and carbon insurance/guarantees for bankable projects. CFAS2026 will equip leaders with the tools to transform compliance obligations into lasting competitive advantage, resilient growth, and new sources of value. Register here.
—————————————————
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]
