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TOP STORY
Irish presidency aims for EU member states agreement on ETS in December
Ireland, which holds the Council of EU member states’ rotating six-month presidency from July, is aiming to secure an agreement between the bloc’s 27 nations on the revision of the Emissions Trading System in the first half of December.
DAILY NEWS TICKER
CP Daily News Ticker: 29 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 22-28, 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
INTERNATIONAL
Most eligible CDM projects on course to miss out on Article 6 transition as deadline looms
The vast majority of carbon projects developed under the Kyoto Protocol’s Clean Development Mechanism (CDM) are set to miss a Tuesday deadline to enable them to transition to UN crediting under the Paris Agreement, leaving many legacy projects outside the new scheme.
Chile authorises second standalone battery storage project under Swiss Article 6 deal
Chile and Switzerland have authorised a second standalone battery energy storage system (BESS) mitigation activity under Article 6 of the Paris Agreement, expanding the use of carbon finance to support grid-scale energy storage in the South American country.
Singapore, Indonesia close to Article 6 agreement -media
Singapore and Indonesia are closing in on finalising an implementation agreement under Article 6 of the Paris Agreement, local media reported Tuesday.
UN draft sets Article 6.4 first transfer, real-time reporting rules
The UNFCCC’s latest draft procedure for the Article 6.4 mechanism registry sets out requirements for real-time public reporting of registry activity, detailed first-transfer rules, and proposed account fees for the Paris Agreement Crediting Mechanism (PACM).
International climate diplomacy should evolve to distinguish institutional, implementation processes -report
A recent report by a German non-profit suggested a two-tiered approach to multilateralism in international climate diplomacy, more distinctly distinguishing between institutional and implementation efforts, offers the most realistic path for turning talk into action.
EMEA
Top EU Parliament group seeks free permit handouts for power providers, speculation limits in upcoming ETS reform -media
The European Parliament’s largest political group is considering a push to grant power generators free EU Emissions Trading System (ETS) allowances after 2030 in exceptional circumstances, as well as limits to the participation of speculators in the market, according to a draft negotiating position seen by news outlet Montel.
EU governments leave €85 bln in ETS2 funding frozen as social plans stall -report
One year after the deadline to submit national Social Climate Plans, 19 EU member states have yet to file the documents required to access funding linked to the bloc’s new Emissions Trading System for road transport and heating fuels (ETS2), leaving €85.3 billion effectively frozen, according to campaigners.
FEATURE: Gross or net? EU wrestles with CO2 accounting rules for ETS removals
As the European Commission prepares legislation to bring carbon removals into the EU Emissions Trading System (ETS), experts warn that choices over CO2 accounting risk giving policymakers a serious headache in Brussels.
EU vote on CBAM carbon price deduction rules delayed
EU member states did not vote last week on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, even though a decision had been scheduled.
Euro Markets: EUAs hold on to €80 before ETS reform reports trigger heavy selling
European carbon managed to hold above the €80 mark for the first half of the day until news reports detailing a key political party’s position on the EU ETS review triggered a heavy sell-off as traders reacted to perceived bearish supply-side proposals.
INTERVIEW: Govts urged to use health budgets for urban nature-based solutions amid deadly European heatwave
Governments should allocate part of their health budgets to greening urban areas, as scaling up nature-based solutions is one of the most effective ways to tackle rising temperatures in European cities, an expert told Carbon Pulse.
UK off target to meet 2030 clean power goal by two years -report
The UK is set to fall short of its target for 95% clean power by 2030 by a margin of 12 percentage points, though could achieve the full target by 2032 provided more renewables come online and grids are upgraded, said a consultancy in a new report.
BRIEFING: UK’s first CCUS projects seen as test case for second wave
Projects under Track 1 of the UK’s carbon capture, usage, and storage (CCUS) strategy must move ahead with construction to prove the model is repeatable and attract private capital for the next wave, experts said at a webinar on Monday.
UK hospitals, small emitters cut emissions below ETS targets in 2025
Britain’s hospitals and small industrial emitters cut their greenhouse gas emissions well below government targets in 2025, according to newly published data covering participants in the UK Emissions Trading Scheme’s Hospital and Small Emitter (HSE) scheme.
Vertis appoints new head of carbon analysis
Vertis Environmental Finance has appointed a new head of research and analysis, as it seeks to expand its role in emissions trading.
Tanzania rejects claims carbon market deals surrender natural resources
Tanzania has rejected opposition claims that international carbon trading agreements amount to the sale or transfer of control over the country’s natural resources, insisting that its carbon market framework is designed to protect national sovereignty while generating new revenue.
Ghana approaches J-REDD+ issuance
Ghana is close to issuing forest carbon credits under its large-scale forest conservation programme, a minister announced in London this week.
AMERICAS
Federal oversight of US renewable energy pipeline puts $121 bln at risk -report
Heightened federal oversight since 2025 could disrupt the US renewable energy pipeline, putting over $121 billion of investment at risk, according to a new analysis.
Brazilian lender backs new Amazon REDD+ project targeting 7.5 mln credits annually by 2030
A Brazilian state-controlled lender will support a newly launched Amazon REDD+ carbon credit initiative targeting 5 million hectares under management, annual production of 7.5 mln credits, and around $50 mln in net yearly revenue by 2030.
Canadian developer issued North America’s first certified DAC credits under long-term offtake deals
A Montreal-headquartered developer has been issued North America’s first certified direct air capture (DAC) carbon removal (CDR) credits, setting up the first delivery under long-term purchase agreements extending through 2034.
RGGI Market: RGAs reverse course amid speculator shuffling, muted activity
RGGI Allowance (RGA) futures reversed course from their move towards the $45 mark mid-last week as speculators sought to position themselves and overall market activity remained muted, traders said.
Oregon panel eyes cap-and-invest adoption aligned with Washington, California
An Oregon advisory group has asked Governor Tina Kotek (D) repeal the state’s Climate Protection Programme (CPP) and adopt a cap-and-invest scheme, as part its suite of recommendations across a broad range of state policies.
Oregon allocates 23.3 mln compliance units for 2026
Oregon has distributed close to 23.3 million allowances for compliance with its Climate Protection Program (CPP) in 2026.
ASIA PACIFIC
Vietnam carbon price opens at $5.20/t in first day of trading
Vietnam’s newly launched domestic carbon exchange opened trading on Monday with carbon allowances priced at VND 136,000 ($5.20) per tonne of CO2e, marking the pilot’s first official transaction as the Southeast Asian prepares to roll out an emissions trading scheme.
Indonesia, LEAF Coalition operator sign JREDD+ MoU
Indonesia has signed a memorandum of understanding (MoU) with a US-based nonprofit to explore opportunities for reducing emissions from its forests, with a focus on jurisdictional REDD+ approaches.
Cookstove projects draw fresh criticism in India as investigation alleges poor adoption, limited awareness
An investigation into cookstove projects in India’s Karnataka state has found that some rural households rarely used the stoves they received, were unaware they were participating in carbon credit schemes, and did not receive any share of the revenues.
New Zealand activist lodges High Court case against govt’s plan to block tort-based climate litigation
A prominent Iwi leader has filed a case in New Zealand’s High Court challenging the government’s amendments to block tort-based climate litigation.
VOLUNTARY
VCM REPORT: CORSIA futures slip further, CDM deadline approaches with approvals still low Â
CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM).
Conservation should not over-rely on carbon markets, Singaporean NbS expert cautions
Conservation finance risks creating a “monoculture” by relying too heavily on carbon markets, a prominent Singaporean conservation scientist has warned.
Farm-level GHG accounting methods need urgent harmonisation efforts, study says
Farm‑level greenhouse gas accounting methods remain fragmented and require urgent harmonisation efforts, with estimates for the same farm varying by more than 1,000%, a study said.
New method could strengthen biochar carbon stability checks, study finds
A microscopy-based method could help assess whether biochar material has been sufficiently carbonised for long-term storage, a new study has found.
Experts draft global ocean carbon removals framework due in 2027
International marine science experts are drawing up a global framework to assess ocean-based climate interventions, such as marine carbon removal (mCDR), with the work due to be completed by mid-2027.
European consortium lays groundwork for Mediterranean seagrass nature credits
A group of organisations presented on Monday a framework for Mediterranean seagrass restoration aimed at helping quantify ecosystem value and support the development of nature credits.
Seaweed carbon removal faces major ocean trade-offs, study warns
Growing seaweed across vast areas of the ocean could help draw down more CO2, but the carbon removal gains would be limited compared with the amount of biomass produced and could come with major risks for marine ecosystems, a peer-reviewed study has found.
AVIATION
Singapore Airlines sees climate compliance costs as high as $155 mln
Singapore Airlines said climate‑related compliance costs were financially material, with exposure projected at between SGD 50-200 million ($38-155 mln), and high risk impacts above that.
Australian aviation company raises A$28 mln to scale drag-reducing tech
An Australian venture capital fund announced Tuesday it had successfully raised A$28 million ($19.2 mln) on behalf of an aerospace company looking to scale its drag-reducing adhesive film that improves flight efficiency.
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JOB LISTINGS THIS WEEK
- Carbon Market Analyst, Redshaw Advisors – London
- Greenhouse Gas Emissions Engineering Specialist (Environmental Engineer 2 or 3) Two Positions, Washington State Department of Ecology – Lacey
See all listings or post a job
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