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TOP STORY
ANALYSIS: Market hopes new administration awakens giant dormant Colombia, key implementation questions loom
Colombia, a major player in voluntary and international environmental markets, is nearing the end of a presidential term that dealt the sector a major blow – but while the incoming president has raised hopes of a revival, questions remain over implementation.
DAILY NEWS TICKER
CP Daily News Ticker: 30 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.
SPONSORED
Europe’s Industrial Wake-Up Call – Competitiveness Requires a New Approach to Energy and EU ETS
Europe’s climate ambitions must go hand-in-hand with industrial competitiveness. The upcoming EU ETS reform should support decarbonisation while ensuring affordable energy, investment certainty, energy security, and a level playing field for European industry.
AVIATION
ASEAN could unlock up to $8.5 bln from CORSIA, report says
Southeast Asia could generate up to $8.5 billion over the next decade by supplying carbon credits under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), provided governments speed up approvals necessary to bring more projects online, according to a report released on Wednesday.
EMEA
EPP not pushing to give free ETS allowances to power sector, key lawmaker says
Peter Liese, a senior German lawmaker tipped to lead the forthcoming revision of the EU Emissions Trading System (EU ETS), told journalists that his party is not seeking to grant power generators free ETS allowances, contrary to media reports.
EU states, oil and gas firms face key deadline on CO2 storage obligation
Oil and gas companies covered by the EU’s Net Zero Industry Act (NZIA) carbon storage obligation, along with 11 member states, face key compliance deadlines by close of business on Tuesday as Brussels moves to turn the bloc’s CCS ambitions into concrete projects, a senior European Commission official said.
Brussels urged to keep incinerators out of EU ETS ahead of July review
Waste-to-energy (WtE) operators oppose the sector’s inclusion in the EU Emissions Trading System (ETS), warning the move would increase costs for municipalities and consumers while doing little to reduce emissions because plant operators cannot control the composition of the waste they receive.
Top EU steelmakers say billions in green steel investments depend on ETS staying the course
A coalition of top European steel producers has said that more than €10 billion of low carbon investments are at risk if the EU Emissions Trading System (ETS) framework is weakened in the upcoming reform.
Renewable electricity down in EU in 2025 as hydro collapse offsets solar boom
Renewable electricity generation marginally fell in 2025 year-on-year across the EU as a solar boom was unable to offset the rebound in gas-fired power and a hydroelectric collapse, data from Eurostat reveals.
Euro Markets: EUAs end first half of 2026 down 8.3% as ETS reform reports dismissed as “fake news”
EU carbon prices ended the first half of the year down by 8.3% despite gaining nearly €1.40 on Tuesday, as traders reversed Monday’s sell-off after a key European politician dismissed as “fake news” earlier media reports on potential ETS reform measures, with the rally bringing EUAs back above a key technical support level.
Lithuanian soil carbon firm secures €120 mln facility to expand farm lending
A Vilnius-based soil carbon firm has secured a €120 million senior secured credit facility to expand transition financing for European small and medium-sized agricultural businesses, it announced Tuesday.
Europe’s chemicals lobby turns up the heat on Brussels ahead of EU ETS reform
The EU’s planned overhaul of its Emissions Trading System (ETS) must be reshaped to avoid accelerating Europe’s industrial decline, the continent’s chemicals lobby has warned, urging policymakers to treat the reform as “a test for Europe’s climate and industrial transition”.
European developer files for bankruptcy after funding efforts fall short, seeks buyer for ocean carbon removal technology
A Dutch direct ocean carbon capture (DOC) developer has filed for bankruptcy after failing to secure the funding needed to continue operations, despite having demonstrated its technology, secured public grants, and attracted investor interest.
Germany-backed CDR programme coordinates plan to scale up research
Researchers from a carbon removal (CDR) initiative backed by around €33 million from the German government are advancing work into scaling up engineered and land-based removals, the programme has announced.
Turkish bank secures $250 mln World Bank facilities to boost finance for green steel, renewables
The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has approved $250 million of trade finance facilities for a major Turkish bank to support the country’s export-oriented sustainable steel and renewable energy sectors.
QBE, partners launch UK nature restoration consortium with 50-year commitment
Insurance company QBE and seven businesses from its supply chain are partnering for a collective commitment of 50 years to fund rewilding and carbon credit generation in the United Kingdom, they announced on Tuesday.
EU risks litigation if it drops binding forestry climate goal, WWF warns
The EU risks exposing itself to legal challenges if it weakens or abandons binding targets for carbon removals from forestry and land use as part of its post-2030 climate framework, according to a new legal analysis commissioned by WWF and published on Tuesday.
ASIA PACIFIC
BRIEFING: Taiwan targets pilot ETS launch by 2028, but key policy details remain undecided
Taiwan is targeting the launch of a pilot cap-and-trade emissions trading scheme as early as 2028, but key policy aspects like the role of power plants in the scheme remain under discussion, a forum heard Tuesday.
Philippines’ carbon pricing plans raise concerns over exposure to global markets -report
The Philippines is edging closer to establishing legislature for a carbon pricing framework and itst architecture, but a new report has raised issues including the risks of interacting with international markets and unusually broad sectoral coverage and generous tax incentives.
BHP pushes efforts to cut blast furnace emissions over other steelmaking processes
Miner BHP has argued attention should focus on cutting emissions from traditional blast furnaces, through carbon capture utilisation and storage (CCUS) and other technologies, due to the technique’s dominance in global steelmaking supply chains.
Malaysian govt agency seeks partners for pilot carbon offset projects
The Malaysia Forest Fund (MFF), a federal government agency, has called for partners to pilot two new methodologies under its Forest Carbon Offset (FCO) Programme, with a focus on urban forestry and agroforestry, it announced.
Gap between Pacific finance needs and availability threatens NDC viability -analysis
Analysis of 14 Pacific Island Nationally Determined Contributions (NDCs) found that a lag in climate finance flows to the region threatens their implementation.
AMERICAS
Democrats introduce bicameral bill to advance US clean shipping with $1 bln per year
Democrats in the US Senate and House of Representatives have reintroduced a legislative effort to fund advanced clean shipping technology and infrastructure.
$8 bln clean energy project scrapped in Louisiana
A planned clean energy project in Louisiana will not proceed after failing to meet internal financial return criteria, its developer announced Tuesday.
Washington’s highest court upholds farm fuel exemption under cap-and-invest programme
The Supreme Court of Washington ruled in favour of the state’s Department of Ecology (ECY) regarding the agriculture fuel exemption for fuel suppliers within the carbon cap-and-invest programme, ending a dispute brought by an agricultural association.
California gasoline consumption edges higher, diesel sales dip lower YoY in March
California gasoline sales picked up year-on-year (YoY) in March for the first time in multiple years, while diesel dropped by a larger percentage, recently published state data showed.
LATAM Roundup: State-backed institutions assist the voluntary carbon market
Latin America is creating opportunities for carbon project developers to generate credits, access finance, and commercialise issuances, developing national carbon markets, Carbon Pulse reported last week – although Global North funds retain their key role in the market, for now.
VOLUNTARY
Verra review finds no evidence of historical safeguards breaches at withdrawn Kariba REDD+ project
Verra has concluded the safeguards component of its quality control review (QCR) of the Kariba REDD+ carbon project, with independent auditors finding no evidence that the project breached the standard’s rules during the period covered by their original assessments.
$6 mln offset project buyout collapses after purchaser said to miss closing payment
A planned $6 million buyout of a portfolio of offset projects has collapsed after the purchaser failed to make the required closing payment by the contractual deadline, leaving the original agreement in place and setting the stage for potential legal action, according to a company announcement late Tuesday.
Amazon to buy 2 mln South African carbon credits in long-term Spekboom restoration deal
Amazon will buy 1.95 million carbon removal credits from a large-scale ecosystem restoration project in South Africa, Bloomberg reported on Tuesday, as part of a an initiative that has also secured innovative financing through a $120 mln World Bank outcome bond.
Benin cookstove project secures €9 mln from carbon investment platform
A Benin-based improved cookstove project has secured €9 million from a new carbon investment platform backed by European development finance institutions, its developer announced Tuesday.
Saudi VCM company to bring domestic carbon credits to market
A Saudi state-backed company working to build out the voluntary carbon market domestically and internationally will add homegrown carbon credits to its platform before the year is out, it announced on Tuesday.
US climate finance firm, developer partner on bankable Global South reforestation carbon pipeline
An Oregon-based climate finance advisory firm has partnered with a Hawaiian nature restoration developer to support global reforestation projects, the companies announced on Tuesday.
ERW boosts carbon storage in young broadleaf woodland by up to 27%, study finds
Enhanced rock weathering (ERW) increased aboveground carbon storage in young native broadleaf woodland plots by up to 27% over four years, while soil microbiome enrichment delivered a smaller and less consistent early growth boost, a major UK study has found.
Regenerative farming company, UK bank launch nature-positive fund
A regenerative food and farming company has partnered with a UK-headquartered bank to launch a fund aimed at advancing the nature-positive transition in the agricultural sector.
INTERNATIONAL
World Bank drops climate financing targets, buckles under US pressure
The World Bank said it will scrap two headline climate financing targets, including its goal for 45% of financing to deliver climate benefits, as it shifts its focus from how much the bank spends on climate-related projects.
Countries reaffirm commitment to bolstering energy efficiency by 2030
Countries have reaffirmed the importance of scaling up energy efficiency in a new action plan signed in Montreal this week at a conference hosted by the International Energy Agency (IEA), which includes reference to enhancing efficiency in data centres.
Global energy emissions rose in 2025 despite surge in renewables -report
Renewables were the fastest growing energy source in 2025, but global energy emissions still ticked up 1.1%, driven by an expansion of fossil fuel use in the US, found a report.
Climate tech accelerator opens sixth intake, expands scope to AI-enabled carbon solutions
The Carbon to Value Initiative (C2V Initiative) has opened applications for the sixth cohort of its ‘carbontech’ accelerator, seeking startups developing carbon capture, utilisation, and removal technologies as well as AI-enabled tools designed to accelerate commercial deployment.
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