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TOP STORY
EU leaders back ETS review plan, proceed to discuss carbon market’s role in next budget
EU leaders on Friday endorsed the European Commission’s plan to review the EU Emissions Trading System (ETS) next month, with proposals on free allowances and industrial emissions benchmarks due in July, while talks continue on how to use ETS revenues in the next EU budget.
DAILY NEWS TICKER
CP Daily News Ticker: 19-21 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
EU warned against rushed return to international carbon credits
The European Union risks repeating the mistakes of the Kyoto Protocol as it moves to reintegrate international carbon credits into its climate policy, a Brussels-based think tank has warned, amid growing calls to include next-generation credits in the EU carbon market.
BRIEFING: Draft EU CBAM rules “onerous” in practice for foreign carbon credits, experts say
Importers face steep challenges to take advantage of proposed EU rules allowing the application of carbon credits against Carbon Border Adjustment Mechanism (CBAM) fees, due to the “onerous” conditions imposed by Brussels on their use, experts told Carbon Pulse.
Euro Markets: EUAs, UKAs consolidate gains to end week above key levels
EUAs and UKAs both consolidated gains on Friday accrued earlier in the week to end the session above €80 and £60 respectively, with energy prices also charting solid gains as a heatwave across Western Europe loomed into view as analysts anticipated a significant ramping up of cooling demand, coupled with lower nuclear output in France.
EU opens €1.1 bln funding round to decarbonise transport links
The European Commission has launched a €1.1 billion funding round to upgrade rail, waterway and other low-carbon transport infrastructure across the EU, Ukraine and Moldova under the EU’s 2026 Connecting Europe Facility (CEF) Transport calls.
EU’s CRCF forest methodology needs baseline, risk-based rules to avoid over-crediting -report
The EU should tailor its Carbon Removals and Carbon Farming Regulation (CRCF) methodology for improved forest management (IFM) to regional climate risks and forest conditions, while tightening baseline rules to reduce over-crediting risks, a policy brief published Thursday said.
Mysterious US ocean carbon capture startup set for development in Saudi Arabia
An ocean carbon removal startup that has yet to reveal its pioneering technology has struck a partnership with a state-backed Saudi development company to further bolster the country’s carbon credit exchange.
AMERICAS
Costa Rica to receive LEAF Coalition’s first-ever funding disbursement
Costa Rica will soon receive funds from the LEAF Coalition public-private buyers’ club, becoming the first country in the world to receive results-based forest carbon finance through this programme.
Costa Rican coral reef restoration project brings to market $160k of marine biodiversity credits
A US-based non-profit has issued $160,000 worth of marine biodiversity credits, generated through a coral reef recovery project in Costa Rica.
Brazil regulates payments for ecosystem services
Brazil has issued long-awaited regulations governing the country’s national policy on payments for ecosystem services (PES), establishing rules for both public and private initiatives.
Peru’s national carbon registry adds two new standards
Peru’s Ministry of Environment (MINAM) has accredited two new standards and added 17 new methodologies to the national carbon registry RENAMI, as per a resolution issued Thursday.
Amazon NbS fund concludes deployment of R$250 mln into carbon pipeline
A R$250-million ($48.7 mln) nature finance vehicle has completed its investment period after fully deploying capital across its portfolio of 11 nature-based solutions (NbS) in the Brazilian Amazon, according to a report published this week.
BRIEFING: AI data centres’ gas rush tests whether power demand can become flexible
US grid regulators and a federal court are being pulled into a fight over how AI data centres power their operations, as reliability demands push developers toward private gas-fired generation and raise questions over whether some workloads can be shifted before emissions are locked in.
V25 credits settle below $10 in first round of 2026 auction for Colorado manufacturing GHG trading programme
V25 credits settled at below $10 in the first round of the 2026 auction under Colorado’s carbon trading programme for manufacturing facilities, less than half of the previous year’s initial result, according to a state notice.
Allowances on offer hold steady for Q3 WCI auction
The Q3 California-Quebec joint WCI auction will offer just 1% fewer allowances than the previous quarter, according to a Friday notice.
Trump administration reaches deal to redirect $765 mln from offshore wind leases to gas, geothermal
Four federal offshore wind leases would be voluntarily terminated and $765 million redirected towards gas-fired power plants and geothermal generation under a settlement announced recently by the US Department of the Interior (DOI).
American forest carbon developer acquires land management firm
An Arkansas-based forestry company is joining a carbon project developer, according to a deal announced Friday.
ASIA PACIFIC
CN Markets: CEA prices remain stagnant, Shanghai completes first auction under carbon trust
China’s national emissions market remained in a narrow range over the past week due to a lack of fresh policy signals, while Shanghai completed its first carbon auction under a newly established trust for its regional scheme.
Malaysia seeks ICVCM, CORSIA alignment for national forest carbon registry
Malaysia is seeking to upgrade its national forest carbon registry to meet standards set by the Integrity Council for the Voluntary Carbon Market and the aviation sector’s Carbon Offsetting and Reduction Scheme for International Aviation.
Gradual phase-in of ETS auctions offers best route to decarbonise China’s power sector -study
China should gradually expand carbon allowance auctions and tighten emissions caps in its national ETS rather than pursue an aggressive reform pathway, according to a modelling study published this week that warns rapid changes could destabilise domestic CO2 prices and threaten power system reliability.
VOLUNTARY
FEATURE: Corporates excited about the new SBTi climate standard’s nod to market instruments
Companies are “excited about finally having clarity” on using market instruments to show progress towards their climate targets under the newly released Science Based Targets initiative’s (SBTi) Corporate Net-Zero Standard, say consultancies referring to the standard’s “incredible ripple effect”.
New agtech platform aims to unify farm carbon data, MRV, and sustainability programmes
A new agricultural technology company has been launched in the US through the combination of two existing digital agriculture businesses, with ambitions to build a neutral data and verification platform linking farm-level activities to sustainability, compliance, and carbon market outcomes.
Rock weathering could offset growing permafrost-driven river CO2 emissions -research
Chemical weathering triggered by permafrost thaw could offset a substantial share of CO2 emissions from rivers draining frozen landscapes, and in some regions may eventually outweigh them altogether, according to new research.
RFUK unveils decade-long plan to shift rainforest protection towards Indigenous-led governance
Rainforest Foundation UK (RFUK) has unveiled a new strategic vision through 2033 centred on expanding Indigenous and community control over tropical forests, arguing that rights-based conservation and local stewardship offer the most effective response to accelerating deforestation and biodiversity loss.
INTERNATIONAL
OPEC sees no peak in oil demand amid energy security concerns
OPEC sees “no peak oil demand” coming soon as governments around the world rethink climate and energy policies given recent concerns, according to its latest long-term outlook which claims crude will retain the largest share of the global energy mix through to 2050.
Anticipation litigation: Climate lawsuits seen to increasingly rely on consensus rather than causation
A growing body of climate litigation targeting major emitters may increasingly rely on broad scientific and political consensus rather than direct attribution of climate damages, according to a new academic study that identifies an emerging category of “anticipatory climate litigation”.
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EVENTS
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