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TOP STORY
EU adjusts REPowerEU sales volumes after one component hits revenue target
EU Allowance auction volumes are to be adjusted downwards after the first of two fundraising mechanisms to help the European Union speed its transition away from Russian fossil fuels reached its revenue target on Monday, the European Commission said on Monday.
DAILY NEWS TICKER
CP Daily News Ticker: 22 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 15-21, 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
LCAW26
Integrating removals is way of “future-proofing” UK ETS, official says
The forthcoming integration of domestic carbon removals (CDR) into the UK’s Emissions Trading System (ETS) is a way of incentivising investment in the market and “future-proofing the ETS”, regardless of fluctuations in political appetite on net zero over time, a UK government official said at London Climate Action Week.
Amazon opened carbon credit service after companies said they were “super scared”
Amazon decided to open its carbon credit service to qualified UK companies after hearing from many that they were scared to even dip a toe in the carbon market, as required by the tech giant’s Climate Pledge, a company official said on Monday.
Government coalition to publish carbon credit policy playbook at COP31
A government-led coalition of 11 countries plans to publish a non-binding policy playbook at COP31 to guide national measures aimed at increasing demand for high-integrity carbon credits, it announced Tuesday.
Nature-based carbon projects face catch 22, report says
Project developers working on nature-based carbon are trapped within a structural catch 22 whereby an offtake is necessary to receive investment, but funding is required to secure an offtake, according to a report launched at London Climate Action Week (LCAW) on Monday.
EMEA
Corporate giants urge electrification push to shield Europe from fossil fuel shocks
More than 100 companies, including multinationals such as Ikea, Unilever, Siemens, and EDF, issued a statement on Monday urging governments to put electrification at the heart of economic and industrial policy, warning that continued reliance on fossil fuels is driving volatility and higher costs.
Green steelmakers urge EU to hold line on ETS as rivals seek carbon freeze
Green steelmakers have urged the European Union to resist calls for freezing the bloc’s Emissions Trading System (ETS), warning that weakening the carbon market would undermine investment in low-carbon steelmaking.
EU ETS expansion would add less than 1% to some long-haul fares while raising billions for climate action –report
Extending the EU’s carbon market to cover all flights departing the European Economic Area (EEA) would have only a marginal impact on airfares and passenger demand, while generating billions of euros annually for climate action, according to a new study commissioned by Carbon Market Watch (CMW).
Euro Markets: EUAs jump 1.2% amid options hedging while UKAs plunge as UK-EU summit postponed
European carbon allowance prices jumped by more than €1 late in the session as aggressive options hedging drove prices to their highest in more than four months, after the strongest auction result in two weeks signalled the completion of the first of two fund-raising efforts to smooth the EU’s transition away from Russian fossil fuels, while UKAs slumped on news that the long-anticipated EU-UK summit to discuss market linking would be postponed after the resignation of the British prime minister.
EU methane rules not to blame for gas price spikes, analysts say
A new analysis by Rystad Energy has found no evidence that the European Union’s methane rules are contributing to current oil and gas price increases or supply pressures, attributing market volatility instead to geopolitical disruptions.
UK climate targets at risk from car industry lobbying, says former government advisor
The UK’s seventh carbon budget and its net zero ambitions are under threat from a car industry “stuck in the past” that needs to “wake up and smell the coffee”, a leading academic and former government adviser warned Monday.
UN agency joins African carbon fee initiative as observer, advisor
A UN agency outpost in Djibouti has joined a compliance carbon pricing initiative active in several African countries, as an observer and strategic advisor.
Germany leads Europe’s 2025 heat pump surge as EU readies ETS2 launch
Heat pump deployment rebounded across Europe in 2025, led by Germany, paving the way for a smoother launch of the EU’s upcoming Emissions Trading System for road transport and heating fuels (ETS2), according to new market data published on Monday.
German service group backs DAC demonstration project
A German multi-service group has entered a technology partnership to support a Munich-based direct air capture (DAC) company’s first larger demonstration plant in Germany, with the cooperation due to begin in 2027.
Gambia explores payments for ecosystem services in national plan
The Gambia’s national biodiversity plan has explored payments for ecosystem services (PES) and carbon credits as innovative tools for raising financing for conservation.
Coal emissions soar above legal limits in Western Balkans, despite EU carbon pressure
The Western Balkans’ ageing coal plants are breaching legal pollution limits and operating beyond closure deadlines, despite pressure from the EU’s Carbon Border Adjustment Mechanism (CBAM), an NGO has warned.
UK publishes shipping compliance guidance as maritime ETS entry nears
The British government has published detailed guidance for shipping companies on complying with the maritime expansion of the UK ETS, setting out monitoring, reporting, and allowance surrender requirements ahead of the sector’s entry into the carbon market from July 1.
AMERICAS
Petrobras, BNDES announce winners of 5 mln-carbon credit call
Brazil’s state-controlled oil company Petrobras and national development bank (BNDES) announced on Monday the three winners of the pair’s call for contracting 5 million carbon credits.
Brazilian state to launch $80 mln carbon tender, governor says
The Brazilian state of Mato Grosso do Sul will launch a tender worth $80 million for the commercialisation of carbon credits in the coming days, Governor Eduardo Riedel said, tying the initiative to productivity gains, planted forests, and payments for environmental services.
FEATURE: Colombian safeguards draft decree could suffocate existing nature-based carbon projects if enacted, market players say
Provisions on crediting periods and the ownership of carbon credits in a draft decree regulating land-based mitigation activities could place even greater financial strain on an already weakened Colombian carbon market if enacted, stakeholders have told Carbon Pulse.
LATAM Roundup: Paying out carbon finance, paying up carbon fees
Two large private funding vessels announced carbon finance disbursements last week, while public-sector commitments have companies contemplating looming compliance carbon prices.
Brazilian carbon project developer names new co-CEOs as it eyes expansion
A Sao Paulo-based carbon credit project developer announced on Monday it has appointed two new co-CEOs, as the company looks to grow its project pipeline.
SCOTUS rejects bid to review US EPA rule governing refrigerant phasedown
The US Supreme Court (SCOTUS) has denied a petition by a Georgia-based refrigerants company to review the EPA’s phasedown of hydrofluorocarbons (HFCs).
RGGI Market: RGAs move into mid-$40s on lower volumes
RGGI Allowance (RGA) futures continued to climb into the mid-$40s last week on decreased activity before reversing course on Monday as traders said it’s unclear if there’s enough momentum for prices to move beyond current levels.
Mass GWSA current auction clears nearly $10 lower in June, while advance sale sets another record high
The June auction for current vintage allowances under Massachusetts’s Global Warming Solutions Act (GWSA) carbon market cleared roughly one-third lower quarter-on-quarter (QoQ) while the advance sale set a new all-time high settlement, a recently published notice showed.
California sues to block US EPA bid to send clean air waivers to Congress
California sued the Trump administration on Monday over the US EPA’s decision to reclassify four state clean air waivers as rules subject to congressional review, arguing the move threatens the state’s authority to enforce long-standing vehicle and equipment emissions standards.
CFTC: Producers continue to cut, investors add CCAs
Producers cut their California Carbon Allowance (CCA) net length, largely via reductions to Auction Clearing Price (ACP) holdings, while investors added exposure to the market, the latest report by the US Commodity Futures Trading Commission (CFTC) showed.
ASIA PACIFIC
Japanese coal plants may face 10 mln CO2 permit shortfall by 2030
Japan’s coal-fired power plants may see their annual demand for emission allowances exceed 10 million units by 2030, if they maintain current output levels, according to modelling by the consulting arm of a major financial group.
Australia’s National party introduces bill to limit ACCU methods over Koala Park additionality concerns
Australia’s National party on Monday introduced an amendment into Parliament attempting to limit what has been described as non-additional carbon credit methodologies from being approved.
AU Market: ACCU price hits year-to-date high, Shell’s SMC issuance faces further scrutiny
Spot prices in Australia’s carbon market reached year-to-date highs on Friday, as Shell’s Prelude FLNG facility faces fresh questions over how it is allocated Safeguard Mechanism Credits (SMCs).
Australian gas industry invokes Japan’s energy security to fight proposed LNG export tax -report
The majority of Australian fossil fuel companies cited concerns for Japanese rather than Australian energy security in their opposition to a proposed 25% tax on liquefied natural gas (LNG) exports, a new report found.
Australian miner accelerates zero-emissions shipping push with ammonia-fuelled fleet deal
An Australian mining company has agreed to charter up to 12 ammonia-ready vessels from a Belgium-based maritime group, it announced Monday.
India proposes risk buffer for nature-based projects under offset scheme, seeks input
India has launched a consultation on draft rules that would allow nature-based carbon projects into its emerging carbon market, proposing a risk-buffer system for forest, wetland, mangrove, and soil carbon activities.
India nods $2 bln scheme to capture carbon from power, steel, and cement plants
India’s finance ministry has cleared an INR 197 bln ($2.1 bln) scheme to develop technologies and reservoirs to capture and store carbon emissions (CCUS) from large industrial units such as power plants, steel mills, and cement factories, a domestic business daily reported, citing sources.
Indonesia’s growing truck fleet could lock in diesel demand for decades, report warns
Indonesia could slash freight emissions, cut its dependence on imported diesel, and save money in fuel subsidies by electrifying its truck fleet, but high upfront costs and limited charging infrastructure risk locking Southeast Asia’s largest economy into decades of diesel use, according to a new report.
South Korea’s new refrigerant lifecycle management policy aims to cut HFC emissions
South Korea is seeking to strengthen management across the entire lifecycle of refrigerants, in the hope of reducing hydrofluorocarbon (HFC) emissions and achieving its Nationally Determined Contributions (NDC).
Pakistan introduces climate levy, raises surcharges in FY2026‑27 budget
Pakistan’s FY2026‑27 federal budget introduced a Climate Support Levy and raised petroleum and gas surcharges, while reducing royalties and off‑grid levies compared to the previous year.
Asia appeal surges as Australian investors hit domestic wall -report
Australian investor interest in funding climate solutions in Asia has jumped in the past year against a backdrop of domestic headwinds, according to a report.
Short seller attack puts Singapore exchange under scrutiny
A public battle between a Singapore-based exchange that also trades in carbon credits and an activist short seller has escalated into a dispute over market integrity and governance, drawing scrutiny to Asia’s leading commodity and carbon trading hubs.
VOLUNTARY
VCM REPORT: CORSIA futures fall to fresh two-year lows, wider carbon credit demand shows strong signs amid focus on quality
CORSIA futures sank to fresh two-year lows last week, with benchmark contracts slipping further below $10/tonne as uncertain sentiment over demand continued, while there were some positive signals in terms of retirements in the wider voluntary carbon market (VCM) amid an ongoing refocusing on quality.
US tech platform boosts CDR spending, adds biochar to offset mix
A US tech platform increased carbon removal (CDR) spending by nearly 30% in 2025, while also adding biochar credits to its portfolio.
INTERVIEW: India’s biochar boom risks oversupply within four years, developer warns
India’s fast-growing biochar industry could become overcrowded within three to four years as a multitude of developers deploy projects across the country, with consolidation already beginning among smaller operators, a developer told Carbon Pulse.
Brazilian biofuel producer signs 10k carbon credit agreement from BECCS project -media
A Brazilian biofuel producer has signed a deal for 10,000 carbon removal (CDR) credits with a large European commodities merchant from its bioenergy with carbon capture and storage (BECCS) project, media reported.
Frontier clears ERW methodology for supplier use
Buyer group Frontier has approved an enhanced rock weathering (ERW) methodology developed by a Helsinki-based carbon crediting platform for suppliers selling carbon removal credits.
Isometric raises $40 mln to expand AI certification platform
Carbon credit registry and certification body Isometric closed a $40 million Series A to expand its artificial intelligence (AI) certification platform across the $350 billion industrial certification market, according to a company statement.
Gold Standard launches updated climate responsibility framework
Gold Standard has published updated climate responsibility guidance that gives companies more detailed recommendations on indirect abatement, ongoing emissions responsibility, and credible climate claims.
Mozambique mangrove project secures Verra validation under blue carbon methodology
A Mozambique mangrove restoration project covering 155,000 hectares across 750 km of coastline has been validated under Verra’s VM0033 blue carbon methodology, becoming the largest such project in Africa to meet the standard, its developer said Monday.
NbS carbon removal offtake security costs could raise credit prices, report warns
Security requirements in long-term nature-based (NbS) carbon removal offtake agreements could increase developers’ financing needs and push up credit prices, particularly for early-stage projects in the Global South, a new report has warned.
New food waste-based method shows promise for lower-cost direct air capture
A team of Swiss researchers has developed a lab-tested direct air capture (DAC) material made from food-processing waste, which they say could offer a lower-energy and potentially cheaper route to removing CO2 from ambient air if it can be scaled.
INTERNATIONAL
Climate finance won’t meet minimum needs until 2030s as growth rate slows, report warns
Global climate finance flows neared $2.1 trillion last year, but will not meet minimum requirements for mitigation until “well into” the 2030s, as the annual rate of acceleration has dropped significantly, a report warned on Tuesday.
Bloomberg Philanthropies pledges $285 mln for clean energy industries in emerging, developing nations
Bloomberg Philanthropies has pledged $285 million to strengthen clean energy industries in emerging and developing economies, according to a company statement.
Tanzania files Article 6 report, opening path to CORSIA credits
Tanzania has filed its Initial Report under Article 6 of the Paris Agreement, a step that will enable the country to take part in international carbon markets and set the stage for CORSIA‑eligible credits from clean cooking projects, a cookstove developer announced on Monday.
Investment in low-emission hydrogen at risk, warns IEA
Huge volumes of low-emission hydrogen projects are under threat of being mothballed without policy backing, warns the International Energy Agency (IEA).
Private investment in nature grew fivefold in a decade -report
Private investment in nature increased from $2.8 billion in 2016 to over $14 bln in 2025, reflecting growing momentum in a market that includes environmental credit-linked deals, a report said on Monday.
COMMENT
If a Month of Football Is Worth a Tax Break, the Climate Is Worth More
If governments are willing to suspend tax rules to host a football tournament, they should consider doing the same for verified carbon and recycling credits to unlock the private capital needed for climate action.
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