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TOP STORY

ANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals

Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard Version 2.0, according to some carbon market stakeholders, who pointed to the standard’s prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line.

DAILY NEWS TICKER

CP Daily News Ticker: 12-14 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.

SB64 UN CLIMATE TALKS

Australia, Turkiye praised for unlikely friendship at Bonn summit, but real test yet to come, observers say

Observers have praised the relationship between Australian and Turkiye as they lead the Bonn intersessional in their novel role-sharing arrangement, however the real challenge will come when they assume full responsibilities in November.

Civil society groups urge COP31 hosts to lead fossil fuel transition

A coalition of civil society organisations from Turkiye, Australia, and the Pacific has urged the incoming COP31 presidency team to use this year’s UN climate summit to accelerate the transition away from fossil fuels.

EU hopes CORSIA will use PACM as guide to ensure Paris alignment, advisor says

The EU is hopeful that the UN’s CORSIA offsetting scheme for airlines will look at the Paris Agreement Crediting Mechanism’s (PACM) direction of travel and explore potential revisions, a policy advisor to the European Commission said Friday, as aviation stakeholders await a decision on whether the bloc will expand its ETS to cover extra-European flights.

South Korea seeks to accelerate implementation of Article 6.2 projects

South Korea is seeking to fast-track its bilateral partnerships under the Paris Agreement, with approvals for new GHG reduction projects expected in the coming months.

EMEA

Oil and gas industry says reprieve from EU methane rules “helpful but insufficient”

Industry groups have welcomed the European Commission’s draft move to ease penalties on fossil fuel importers that breach the EU Methane Regulation (EUMR), but warn the soft-law approach falls short of the legal overhaul they say is needed to avoid widespread non-compliance and energy supply risks.

Euro Markets: EUAs give up early gains to end the week flat, as gas slumps 6% on Friday

European carbon prices gave up early momentum on Friday, generated by an overnight US government statement that an agreement had nearly been reached with Iran to open the Strait of Hormuz, which pressured gas prices around 6% lower, though the supportive sentiment faded as the session went on for EUAs which ended the week flat, with several market players doubtful that the deal would be signed in the next few days.

EU member states agree to extend CBAM to downstream sectors from 2028

EU member states agreed on Friday to extend the bloc’s Carbon Border Adjustment Mechanism (CBAM) to downstream goods from Jan. 2028, while tightening the conditions for temporarily exempting products and broadening the list of goods covered.

Netherlands retires 7k carbon removal credits in record transaction for state govt

The Dutch government has retired nearly 7,000 tonnes of durable carbon removal credits to compensate for emissions generated by official government flights, marking what is believed to be the largest retirement of durable carbon removal credits by a government entity to date.

INTERVIEW: War pushes carbon insurers to pause cover in parts of Middle East

Armed conflict and policy uncertainty are making parts of the international carbon market harder to insure just as the EU looks to lean more on overseas credits, according to Bilal Hussain, co-founder and CEO of carbon credit insurer Artio.

UK’s first commercial DAC project launches with 60,000-tonne target

The UK’s first commercial direct air capture (DAC) project has launched with plans to remove up to 60,000 tonnes of CO2 per year by 2032, the project developers announced Thursday.

UK govt confirms imminent 2026 ETS auction calendar change for maritime inclusion

The 2026 UK Emissions Trading Scheme (UK ETS) auction calendar will be updated to reflect the inclusion of domestic maritime emissions once the regulation enabling the scope expansion comes into force in July, the government confirmed late on Friday.

Ukraine approves low-carbon strategy, updated energy plan in package of 11 climate measures

Ukraine’s cabinet has approved a package of 11 environmental measures, including a long-term, low-carbon development strategy to 2050, an updated National Energy and Climate Plan (NECP) through 2030, and a new biodiversity conservation strategy.

UPDATE – Watchdog alleges Senegal mangrove credits overstated, fund denies

An environmental watchdog publication alleges that carbon credits from Senegal’s flagship mangrove restoration project were overstated, with researchers describing much of the claimed storage as “ghost carbon”.

AMERICAS

Brazilian Climate Fund announces new round of R$2.7 bln for restoration projects, backing carbon credit pipeline

Brazil’s National Bank for Economic and Social Development (BNDES) and the Ministry of Environment and Climate Change (MMA) have announced five new forest restoration and agroforestry financing operations worth R$834 million ($164 mln), expected to leverage a total of R$2.7 billion in investments and generate millions of carbon credits.

Investors price carbon attention, not carbon itself, crypto study observes

Investors react sharply when an asset’s carbon footprint becomes a prominent public issue, but do not systematically price changes in underlying emissions, according to new research using cryptocurrency markets as a natural experiment.

CFTC: Producers short CCA, RGA following Q2 auction results

Producers cut their California Carbon Allowance (CCA) net length and extended their RGGI Allowance (RGA) net short during the most recent period reported by the US Commodity Futures Trading Commission (CFTC) following quarterly auction results.

ASIA PACIFIC

Oil product demand in China falling faster than expected amid Middle East conflict

Oil demand in China may have fallen faster than expected as the US-Israeli war against Iran passed the 100-day mark, Reuters reported Friday, in an indication that demand destruction may be advancing rapidly across some global regions, which would see a reduction in emissions across key carbon pricing schemes.

CN Markets: CEAs hold above RMB 80 mark, block trade price softens

China’s carbon allowance prices have maintained their position above the RMB 80 ($11.81) threshold for a fourth consecutive week, yet upward momentum is stalling as block trade activity softens and the market awaits the finalised power sector allocation plan.

VOLUNTARY

Verra issues corrections and clarifications for VM0042 carbon methodology

Verra has issued a number of corrections and clarification for version 2.2 of its VM0042 methodology for Improved Land Management that was released in October.

Digital MRV firm partners with Danish biogas operator on BECCS project

A digital monitoring, reporting, and verification (MRV) provider has partnered with a Danish biogas operator to provide data infrastructure for a five-site bioenergy with carbon capture and storage (BECCS) project in Denmark, the firms said last week.

Colombian carbon standard opens consultation on revised biochar methodology

A Colombian carbon crediting standard has opened a public consultation on a revised biochar methodology, with updates aimed at strengthening rules on biomass eligibility, permanence, leakage, uncertainty, and long-term storage.

Blue carbon guidance risks overlooking Indigenous and community tenure rights, researchers warn

Guidance underpinning the rapidly expanding blue carbon sector frequently overlooks key tenure rights and international obligations to Indigenous peoples, coastal communities, and small-scale fishers, potentially exposing local groups to dispossession and exclusion from project benefits, researchers have warned.

INTERNATIONAL

PACM could scale carbon crediting beyond projects, but rule gaps remain -report

The Paris Agreement Crediting Mechanism (PACM) could help carbon markets move beyond individual projects and deliver mitigation at scale, but regulators still need to close key methodological, governance, and demand gaps, according to a report released Tuesday.

Scientists say 15% of global warming lies outside Kyoto-era climate ‘basket’, urge overhaul

Climate policies are overlooking up to 15% of global warming because they focus on a decades-old “basket” of greenhouse gases while ignoring other pollutants that indirectly heat the planet, according to a new paper.

GHG Protocol expands on review amidst controversy of scientist resignation

Staff at global standard Greenhouse Gas Protocol have responded with detailed steps of an independent review conducted after scientists on the Independent Standards Board (ISB) raised concerns internally regarding deliberations over forest carbon accounting.

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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.

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