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TOP STORY
New SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.
DAILY NEWS TICKER
CP Daily News Ticker: 1 July 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.
EMEA
Brussels confirms two-day postponement of EU carbon market reform
The European Commission confirmed on Wednesday that its proposal to revise the EU Emissions Trading System (EU ETS) will be presented on July 17 instead of July 15 as initially planned.
German ruling party seeks looser EU carbon cap, aviation freeze in upcoming ETS reform
The German centre-right CDU/CSU wants to “significantly lower” the rate at which carbon allowances under the EU’s Emissions Trading System (ETS) are cut each year, introduce a limited amount of international carbon credits into the market, and resist extending the scheme to international flights departing the bloc, according to a preliminary draft position seen by Carbon Pulse.
Euro Markets: EUAs bounce off technical support again as market absorbs two-day ETS reform delay
European carbon allowances traded in a tight range, weakening to test a key technical support and failing to react to news that the presentation of the EU ETS reform package will be delayed by two days.
Dutch “committed” to final deal on Aramis CO2 hub by end 2027
A final investment decision on the giant Aramis CO2 transport and storage hub in The Netherlands will be taken “at the end of next year” once the EU regulatory landscape becomes clearer, the Dutch gas infrastructure operator behind the project has said.
Renewables supply record share of German power consumption in first half of 2026
Renewable energy sources supplied a record 58% of Germany’s electricity consumption in the first half of 2026, putting it on track towards its 2030 clean energy goals, according to a new report.
German carbon platform launches search for 520k nature-based removal credits in long-term corporate procurement
A Berlin-based nature-based solutions platform has launched a request for information (RFI) to source up to 520,000 high-quality nature-based carbon removal credits on behalf of an unnamed German enterprise, underscoring continued corporate demand for long-term, high-integrity removals despite broader weakness in voluntary carbon markets.
Europe’s biomethane production hits 8 bcm/year, backed by EU carbon price signal
Europe’s biomethane industry has crossed 8 billion cubic metres (bcm) of annual production capacity for the first time, with planned investments rising to €36 billion, a move the industry says is increasingly underpinned by the EU’s carbon price signal.
Majority of Europeans support carbon pricing, according to poll
Some 59% of citizens polled across major European countries support carbon pricing for industrial emitters, according to a public opinion survey published on Wednesday.
Regenerative agriculture programme claims 96k tCO2e in emissions reductions, removals
A regenerative agriculture network has said it contributed to 96,000 tonnes of CO2e in emissions reductions and removals in 2025 across four European countries, nearly double that of the previous year.
France approves method for hydraulic restoration of peatlands under low-carbon label scheme
Paris has approved a new methodology for emissions reduction linked to the hydraulic restoration of degraded peatlands in mainland France under the country’s low-carbon label scheme.
UK to cut £2 bln from energy department to fund defence
The UK will seek to find £2 billion of savings from energy projects to help fund its newly announced £15 bln Defence Investment Plan, government estimates indicate.
UK forest carbon standard clarifies elements of new version
A UK forest carbon crediting standard has made clarifications and slight amendments to Version 3 of the standard, including on transition periods and project governance.
UK govt allocates £47 mln to peatland restoration in England
The UK government has allocated $47 million to support peatland recovery in England, as part of its broader efforts to restore 280,000 hectares by 2050.
Carbon fund pulls support from African nature carbon project after it fails to generate credits
A major African nature-based carbon project will lose backing from its lead fund after failing to secure validation and generate credits since its 2022 launch, the investor said Wednesday.
AMERICAS
Quebec eyes 77% renewable energy share by 2050 under C$87bln plan
Quebec aims to increase the share of renewables in its energy mix to nearly 77% by 2050, from around 48% currently, under a newly published long-term energy strategy.
California-based WCI accounts rise 1.5% in Q2, surpass 830
Total California-registered accounts under the state’s Quebec-linked compliance carbon market increased 1.5% during Q2 to surpass 830, data showed.
AI looms large over Big Tech sustainability reports
Two of the world’s largest technology companies reaffirmed their long-term climate targets in sustainability reports released this week, while acknowledging that AI is making them harder to achieve.
CAR adopts revised permanence approach for carbon storage
US-based voluntary carbon standard Climate Action Reserve (CAR) finalised its revised permanence approach for long-term carbon storage on Tuesday.
Colorado gubernatorial candidate supporting cap-and-invest loses Democratic primary
The only gubernatorial candidate with plans to establish a cap-and-invest programme in Colorado lost Tuesday’s Democratic nomination, according to the results of the state’s primary election on Tuesday.
ASIA PACIFIC
Australian bank signs large ACCU offtake deal with Indigenous carbon project group
One of Australia’s ‘Big Four’ banks on Wednesday signed its largest-ever purchase of Australian Carbon Credit Units (ACCUs), securing around 150,000 credits over five years from an Indigenous-owned carbon project developer.
Safeguard-linked Australian green hydrogen project reaches FID
An ASX-listed chemical and explosives manufacturer has greenlit its commercial-scale green hydrogen project tied to a Safeguard Mechanism facility, it announced on Wednesday.
India govt to launch a $528-mln scheme to promote green steel technologies
India is preparing to launch a scheme to promote the adoption of clean technologies in steelmaking processes, with an outlay of INR 50 billion ($528 million), according to the national news agency.
Indian state Odisha could be an early mover in farm carbon credits -study
Odisha can emerge as an early mover in farm carbon markets in India if backed by favourable policies to generate tradable credits while reducing greenhouse gas emissions, a report said, citing the state’s extensive paddy cultivation and the potential of climate‑smart practices.
INTERVIEW: Indonesia needs to clean up nickel processing, strengthen emissions data
Indonesia wants to build a globally competitive green industrial sector, but the government first needs to tackle emissions from its coal-powered nickel industry and strengthen measurement of industrial emissions, analysts said.
Carbon pricing is key to cutting transport emissions in Central Asia, says ADB
Carbon pricing could play a central role in reducing rapidly rising transport emissions across Central Asia while creating new revenue streams to fund low-carbon infrastructure, according to a new report from the Asian Development Bank (ADB).
New Zealand Ombudsman upholds complaint over climate litigation OIA response
New Zealand’s Ombudsman has found that the Prime Minister’s office acted unreasonably in its response to an Official Information Act request relating to a long-running climate lawsuit, upholding an NGO complaint over the matter.
Vietnam carrier urges first claim on domestic credits for sector
Vietnam Airlines has urged policymakers to prioritise allocating domestic carbon credits to the aviation sector as carriers prepare to meet international climate obligations, a domestic newspaper said.
Pacific Islands Forum Secretariat floats regional climate finance taxonomy
Developing a Pacific Regional Climate Change Taxonomy would help improve transparency around climate-related expenditures and strengthen donor trust, said a report.
Former Aurecon analyst launches carbon advisory service
A former analyst at Aurecon’s recently shuttered carbon offering has launched their own advisory, aiming to support Australian Carbon Credit Unit (ACCU) market participants navigate the sector.
VOLUNTARY
Isometric issues first reforestation credits for Brazilian developer with Google, Microsoft deals
Isometric has issued nearly 22,000 reforestation carbon credits to an Amazonian project from a Sao Paulo-based developer, the first such credits for both companies, they announced on Wednesday.
Media company signs agreement to pilot emissions tracking, offsetting programme
A US-based media company has signed an agreement to begin tracking and offsetting production emissions in 2027 at a rate of $20 per credit.
Airlines must set stronger climate goals as current voluntary targets fall short, experts say
Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector’s emissions gap, according to an academic report.
Carbon credits could help unlock billions for climate adaptation, study claims
Carbon credits have the potential to become a large source of finance for climate adaptation in emerging economies by attracting private investment into nature-based solutions such as mangrove restoration, wetlands rehabilitation, and agroforestry, according to a new academic study.
INTERNATIONAL
Article 6 expert panel recommends two new methodologies for PACM crediting
Technical experts overseeing the Paris Agreement Crediting Mechanism (PACM) have recommended two draft methodologies for approval by the scheme’s Supervisory Body, while opening fresh consultations on key implementation tools.
Uzbekistan needs clearer Article 6 rules before scaling carbon trades, report finds
Uzbekistan has laid the groundwork for Article 6 carbon market participation, but still needs clearer rules on authorisation, corresponding adjustments, registry operations, and monitoring, reporting, and verification (MRV) before it can scale credible international carbon trades, according to a report.
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