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TOP STORIES
PREVIEW – Adjacent plans, procedures take centre stage at Bonn UN climate talks
UN observers anticipate that already-agreed initiatives, or ones conceived in parallel to formal COP negotiations, will shape the SB64 climate talks in Bonn this week and next – and that forward momentum on these fronts could itself be a determinant of the summit’s success.
BRIEFING – Parties sidestep conflict as implementation concerns prevail
Day one of the Bonn intersessional (SB64) UN climate summit saw parties avoid major disputes over the agenda and resist the urge to reopen old negotiations, refocusing on implementation – though the COP31 co-presidents appeared to skate around transition away from fossil fuels
DAILY NEWS TICKER
CP Daily News Ticker: 8 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.
VCM WEEKLY
Voluntary Carbon Market News: June 1-7 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
EMEA
Key Parliament lawmaker seeks broad majority behind EU ETS reform
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS) in the European Parliament, said he aims to forge a broad majority for the next reform of the bloc’s carbon market, ranging from the conservative right to the radical left.
Six EU countries oppose plan to extend carbon market to departing flights
Six EU countries have urged Brussels to prioritise strengthening the international aviation sector’s carbon offsetting scheme (CORSIA) rather than extending the bloc’s carbon market to international flights.
Brussels clears Italy’s €23 bln renewables expansion plan
The European Commission has approved an Italian scheme to spend €23 billion to increase the country’s renewables capacity by 50%, under state aid rules.
Portugal registers first project under national VCM
An afforestation initiative has become the first-ever project to register on Portugal’s voluntary carbon market (VCM) platform, launched last October.
Euro Markets: EUAs shrug off early weakness to end day flat, UKAs consolidate
European carbon prices recovered to end the day flat on Monday, after trading started with bearish pressure, following on from last week’s selloff, with some sources noting that EUAs appeared to be drifting back again towards €75, which has acted like a magnet for much of the last two months.
UK will need to subsidise carbon removal prices to bring them down to ETS levels -research
The UK government will need to subsidise a fixed price for carbon removal credits when it integrates them into the country’s Emissions Trading Scheme (ETS), at a cost of around £147 million per year, and more in the future, according to new research.
UK govt presents planning law for first fusion power plants
The UK government is proposing a new planning policy for cutting-edge fusion power generation, which it says will help the sector move from research to commercial take-off.
EU countries reject national EV targets for corporate car fleets
A majority of EU member states have rejected a European Commission proposal to set binding national targets for zero-emission vehicles in corporate fleets, instead signalling support for non-binding “guidelines” at a meeting of EU transport ministers on Monday in Luxembourg.
Financial organisations join forces to scale carbon, nature investments
Two UK-based investment advisory and management firms have merged to accelerate investment in large-scale nature restoration projects across the Global South, they said on Tuesday.
South African rangeland carbon project seeks Verra-approved validator
A South African rangeland restoration programme is seeking a Verra-approved validation and verification body (VVB) to assess an initial project area covering more than 173,000 hectares, it announced last week.
UN review points to inconsistencies, transparency gaps in Tunisia’s carbon market plans
A UN expert review of Tunisia’s climate tracking report found “significant” inconsistencies in the Tunisia’s international carbon market arrangements, as well as its plans to set up a national carbon crediting registry.
AMERICAS
Mexico still debating key ETS design elements ahead of operational launch -official
Mexican authorities are still negotiating core elements of the country’s emissions trading system (ETS) ahead of the envisioned start of its operational phase, an official told attendees at the Latin America Climate Summit (LACS) recently.
Launch of carbon removal offtake call from reforestation in Colombia
Some 1 million carbon removal units are available from 2030 from a reforestation project in Colombia, according to a call for offtake launched by a project developer and climate consultancy.
RGGI Market: RGAs fall below $40 following Q2 auction, states’ intention to begin affordability process
RGGI Allowance (RGA) futures dropped below the $40 mark on Monday following Friday’s plunge after the release of Q2 auction results at the lower end of expectations and participating states saying they intend to begin a processing to consider “targeted measures” to address affordability.
Large-scale carbon removal could save trillions in climate damages, but at cost of forgone health benefits -study
Large-scale deployment of CO2 removal technologies could substantially reduce the cost of reaching net zero emissions in the US and generate trillions of dollars in revenues for project developers, but may also lead to worse air quality outcomes than pathways that rely more heavily on direct emissions cuts, according to a new study.
US DOE selects West Virginia coal and CCS project for $18.5 mln grant
A planned coal-fired power and carbon capture (CCUS) project in West Virginia has been selected for up to $18.5 million in US DOE funding to support early-stage development.
Pairing US carbon tax with tariffs would double emissions reductions, increase GDP -report
Academic economics researchers published a working paper illustrating the impacts of carbon tariffs and domestic taxes, creating a model that disproves the trade-off between global emissions reductions and US GDP.
ASIA PACIFIC
UN flags ‘significant’ Article 6.2 readiness gaps in four APAC countries
At least four countries seeking to participate in carbon markets under Article 6.2 of the Paris Agreement have significant gaps in their governance, authorisation, and tracking systems, according to recent UN technical reviews.
Polluting Indian steelmakers already losing ground in EU under CBAM -study
Indian steelmakers with higher CO2 emissions are losing market share in the EU under the bloc’s Carbon Border Adjustment Mechanism (CBAM), while cleaner producers have largely maintained their position, according to new research that showed the mechanism already appears to be working.
India needs to authorise agricultural projects under Article 6.2 to unlock carbon potential -study
India needs to add agriculture to its list of Article 6.2‑eligible activities, to tap into the country’s carbon credit potential and enter international compliance markets, a study found.
Indonesia drafts climate justice law to share carbon trading gains with local communities
Indonesia’s Ministry of Environment and its Environmental Control Agency (KLH/BPLH) are drafting a climate justice law to ensure carbon trading benefits reach Indigenous peoples, local communities, and villages, rather than remaining concentrated among businesses, local media reported.
Indonesian palm oil firm prepares to launch biochar pilot
An Indonesian palm oil company plans to present a biochar pilot this week that aims to convert palm biomass residues into carbon removals.
New Zealand allowance auction declines again
New Zealand’s second government-held auction for the year failed to clear on Tuesday, in line with market expectations.
NZU holdings fall by 25 mln post surrender deadline, EPA data shows
Private holdings of New Zealand allowances fell by some 25.4 million following the May 31 surrender deadline, according to government data published Monday.
Clean industry financing jumps as China leads new project wave -report
Clean industry projects worth an estimated $43 billion secured financing over the past six months, more than double the pace recorded in the same period a year earlier, as China accounted for most new projects, according to a report published Monday.
Fiji exits World Bank carbon programme after failing to meet requirements
Fiji’s Ministry of Finance has ended the country’s participation in the World Bank‑backed Forest Carbon Partnership Facility (FCPF) Carbon Fund Emission Reductions Program (ERP), after failing to meet key requirements, a World Bank report said.
Global energy crisis fuels surge in near-term coal demand across Asia-Pacific, report says
The prolonged energy crisis stemming from the Middle East conflict is driving a significant near-term surge in thermal coal demand across the Asia-Pacific region, according to a new report.
VOLUNTARY
VCM REPORT: CORSIA prices steady after months-long slide as market searches for floor
CORSIA futures stabilised after months of price declines, with benchmark contracts on ICE holding around the $10 per tonne mark last week as selling pressure appears to be easing, as participants appeared to have found on a floor amid demand uncertainty.
Carbon standard consults on new model-based framework for enhanced weathering carbon removal
A carbon removal registry and standards developer has launched a public consultation on a new framework designed to quantify CO2 removal from enhanced weathering projects using a combination of field measurements and predictive models.
Carbon insurance market set for explosive growth, finds report
Premiums for insuring the carbon market could reach at least $1.8 billion by 2030 and up to $30 bln by 2050, claims a report.
INTERNATIONAL
Climate Litigation Roundup: International community stands firm on climate obligations as domestic pushback grows
The past month in climate litigation highlighted a widening divide between international and domestic climate law, as the former increasingly affirms that governments have an obligation to address climate change, while the latter are moving in the opposite direction, restricting avenues for relief against fossil fuel producers and high-emitting industries.
FEATURE: Dimming the sun could soon be a topic for COP, but experts urge caution amid “rogue implementation” risks
Dimming the sun could soon move from theoretical science into mainstream political debate as the world seeks to combat the expected overshooting of the Paris Agreement’s 1.5C warming goal – but the risks of rollout remain significant due to unintended consequences or misuse of the technology, experts say.
Wealthy countries falling short of 2030, 2035 Paris goals, unlike BASIC countries -report
The three UN negotiating blocs comprising mostly wealthy countries are collectively on track to fall short of their emission reduction pledges in the next decade, with emissions set to exceed the 2035 targets by nearly 20%, according to a study published on Monday.
Forests and climate set to suffer under countries’ bioenergy reliance, warns coalition
Countries are relying too heavily on bioenergy to reduce carbon emissions in their national Paris Agreement pledges, which spells bad news for forests and climate as huge swathes of land are eaten up for growing biomass, according to environmental and social justice groups.
AVIATION
Hope fading fast of airlines meeting net zero 2050 goal, warns airline body
Airlines may need an easier climate target because “hope was fading fast” of meeting the net zero 2050 goal, an industry body has warned.
Global airline association launches alliance to boost CORSIA credit supply
The International Air Transport Association (IATA) has launched an alliance to boost the supply of carbon credits eligible for compliance with CORSIA by spring 2027, it announced on Saturday.
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EVENTS
Latin America Climate Summit (LACS) 2026: June 2-4, Monterrey, Mexico – As part of IETA’s regional summits, we are pleased to announce that we are partners of the flagship LACS 2026 event being held at EGADE Business School y Escuela de Gobierno y Transformación Pública del TEC de Monterrey. With around 600 delegates, LACS combines regional leadership with global perspectives, focusing on how emerging emissions trading systems, carbon taxes, international market mechanisms, and innovation-driven infrastructure promote real climate action and sustained economic growth. As an in-person event with simultaneous English-Spanish interpretation, LACS offers a unique opportunity to engage directly with policymakers, market developers, investors, communities, and innovators, helping shape the architecture of carbon markets both regionally and globally. Check out the event page, or 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.
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.
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