Presenting Carbon Pulse’s free CP Daily newsletter. Sign up here
TOP STORY
DATA DIVE: EU ETS-covered cement and steel emissions slump in H1 2026 as chemicals rebound
Cement and steel emissions fell significantly across the EU in the first half of 2026, data shows, while the chemicals sector saw a rise in impact due to the closure of the Strait of Hormuz restricting Asian and Middle Eastern competition.
DAILY NEWS TICKER
CP Daily News Ticker: 2 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.
AVIATION/SHIPPING
Real CORSIA demand could be 38% lower than theoretical obligation, analysts say
The demand for Eligible Emissions Units (EEUs) under the UN’s CORSIA aviation offsetting scheme could be far below the 198 mln EEUs due to be retired by Jan. 2028, largely because of limited enforcement – while uncertain supply thins liquidity in the market, according to an analysis published Thursday.
FEATURE: Shipowners face choppy but navigable seas from inclusion in UK ETS, say experts
The inclusion of domestic maritime emissions in the UK Emissions Trading System (ETS) from this month is expected to pose limited difficulties for most shipowners, who are already familiar with the EU’s carbon pricing regime, but it is also unlikely to significantly cut emissions, experts said.
European bank buys SAF to help cut its supply chain emissions
A European bank and airline have teamed up to increase to supply the airline with sustainable aviation fuel (SAF), helping to cut the bank’s supply chain emissions.
EMEA
Lawmakers agree to assign country-level default values to producers trying to trick EU CBAM
Lawmakers in the European Parliament’s environment committee want to be able to assign country-level emissions values to goods and origins they suspect of trying to circumvent the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a compromise document seen by Carbon Pulse.
Euro Markets: EUAs remain rangebound between technical levels as attention shifts to policy developments
European carbon prices posted a modest loss on Thursday, moving within a steadily shrinking channel between two key technical levels as trading activity continued to diminish in anticipation of the European Commission’s unveiling of its ETS reform package in around two weeks.
Brussels taps ETS cash for €2.5 bln clean energy push in poorer EU countries
The European Commission and European Investment Bank (EIB) have released a fresh €2.5 billion tranche from the EU’s Modernisation Fund to support 51 energy-sector projects in 11 lower-income EU member states, using revenues from the EU Emissions Trading System (ETS).
EU urged to back ETS2 with stronger support for vulnerable households
Europe’s plan to extend carbon pricing to buildings risks leaving millions of vulnerable households behind unless it is matched with major public investment in home renovations and clean heating, researchers and EU officials warned this week.
Germany’s first nEHS carbon allowance auction clears at price ceiling
Germany’s national emissions trading system (nEHS) held its first-ever auction of emissions allowances on Wednesday, with demand strong enough to trigger the scheme’s price ceiling and double the volume of permits sold.
Free EU ETS permits have stifled investments in green steelmaking, non-profit says
The allocation of free allowances under the EU’s Emissions Trading System (EU ETS) has acted as a brake on decarbonisation investment by European steelmakers rather than a catalyst for action, according to a new briefing by Steelwatch.
EU countries urged to step up Mediterranean seagrass restoration efforts
EU member states need to step up efforts to recover Mediterranean seagrass meadows, including by allocating long-term funding and improving restoration planning, according to a report.
Carbon standard finalises new bioCCS methodology in bid to align with EU carbon removal framework
Rainbow has finalised a methodology for biogenic carbon capture and storage (bioCCS) that directly incorporates requirements from the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, marking one of the first voluntary carbon market methodologies explicitly designed around the bloc’s emerging carbon removal certification framework.
Malawi eyes carbon markets to help fund its third climate plan
Malawi has highlighted carbon markets as one of the financing mechanisms it intends to use to implement a more ambitious third Nationally Determined Contribution (NDC), as the climate-vulnerable African nation seeks to bring in greater domestic and international support for emissions reductions.
Polish developer targets £35 bln UK SMR fleet, eyes AI energy demand
A Polish small modular reactor (SMR) developer has unveiled plans to invest £35 billion in a fleet of 14 nuclear reactors across three sites in Britain, targeting first power generation by 2034 as the UK seeks to expand low-carbon electricity supply and support growing demand from AI data centres.
AMERICAS
Chile approves 2026-30 energy roadmap with pilot ETS, $100 mln Article 6 funding target
Chile’s Ministry of Energy has formally approved its Energy Roadmap 2026-30, placing the sectoral emissions trading system (ETS) pilot and international carbon markets as key instruments in the country’s energy transition.
DATA DIVE: Brazil leads the way in CDM transitional approvals, as one-quarter of eligible activities meet June deadline
Brazil has approved nearly all of its eligible Clean Development Mechanism (CDM) activities to transition to Paris-era carbon crediting, far more than any other country, as around 25% of all potential projects that could have moved to the new system secured government approval in time.
Brazilian development bank seeks buyers for R$6 bln in reforestation carbon credits
Brazil’s National Bank for Social and Economic Development (BNDES) launched a public call on Thursday to attract large companies interested in buying carbon credits from reforestation in the Amazon Rainforest.
Guyana pledges 32.7 MtCO2e annual emissions cut in UN targets, all from forest carbon
Guyana has released its third Nationally Determined Contribution (NDC) to the Paris Agreement, in which it pledges to reduce forest carbon emissions by 32.7 million tonnes CO2e per year by 2030, depending on carbon finance.
Allowances available at Q3 Washington carbon auction jump by more than one-quarter
The Q3 sale under Washington’s cap-and-invest market will offer roughly 28% more allowances than the previous quarterly sale, a year-to-date (Ytd) high, according to a state notice.
WCI Markets: CCAs quiet, rangebound around $33 amid summer lull
California Carbon Allowance (CCA) futures traded sideways around $33 amid limited activity ahead of the July 4th holiday in the US.
US data centre boom could add a county’s worth of GHG emissions annually -report
US natural gas power plants planned to power AI expansion could add annual GHG emissions equivalent to an entire mid-sized country, according to a new report.
ASIA PACIFIC
FEATURE: Data centre boom boosting renewables across APAC as governments play catch up
The global boom in data centres is driving an increase in renewable energy across Asia-Pacific as governments in the region take varying approaches, including carbon markets, to ensure the build-out does not lead to higher emissions, among other environmental considerations.
Australia’s Climate Change Authority grapples with Safeguard onsite abatement, baseline decline rates
Australia’s Climate Change Authority (CCA) is seeking feedback on key aspects of the Safeguard Mechanism, including onsite abatement and baseline decline rates, as part of broader advice to the government on achieving the country’s climate targets.
Indian developer, Thai non-profit partner on nature‑based carbon projects in Southeast Asia
An Indian project developer and Thai non-profit have signed a memorandum of understanding (MoU) to collaborate on nature-based solutions (NbS) project development in Southeast Asia.
India should channel carbon market revenues into industrial decarbonisation, report says
India should establish two national funds financed by revenues generated from its Carbon Credit Trading Scheme (CCTS) to support industrial decarbonisation, a report said.
Singapore companies show early climate efforts, but target-setting lags far behind -survey
Singapore shows mixed progress on corporate decarbonisation, with the majority of companies reporting active efforts but only a quarter having actually set emissions reduction targets, a survey found.
Singapore exchange enhances climate disclosures portal to ease reporting for listed companies
The Singapore Exchange Group (SGX) announced enhancements on Thursday to its sustainability disclosures platform, further streamlining mandatory reporting for over 600 SGX-listed companies.
Indonesia’s aluminium boom risks repeating coal-powered nickel model -report
Indonesia’s fast-growing aluminium industry is following the country’s nickel sector into a heavy reliance on captive coal-fired power, with 9.8 GW of coal capacity linked to existing and planned projects, risking another emissions lock-in, according to a report released on Thursday.
South Korea’s carbon prices trail OECD peers despite extensive policy framework
South Korea’s effective carbon rates remain low compared to its OECD peers, despite the implementation of broad policy instruments, according to a new report.
Australia’s Clean Energy Regulator appoints acting CEO
The Clean Energy Regulator has appointed an acting CEO and chair as David Parker steps down after nine years at the helm.
VOLUNTARY
INTERVIEW: New standard targets Global South developers with no upfront fees
A Bengaluru-based carbon registry and standard startup is looking to claw market share from established voluntary carbon standards by eliminating upfront costs for developers and targeting under-capitalised projects across the Global South.
Carbon credit insurers receive Verra approval for durability pilot
A Zurich-headquartered carbon credit insurer has received Verra approval for its reversal insurance under the standard’s durability pilot initiative.
INTERNATIONAL
First PACM carbon credits still face quality risks despite tougher accounting rules, says rating agency
The first carbon credits approved for issuance under the Paris Agreement Crediting Mechanism (PACM) show that the UN’s new system is improving the quality of legacy Clean Development Mechanism (CDM) projects through more conservative carbon accounting, but significant project-level risks remain, according to a new analysis.
Green Climate Fund approves projects set to remove nearly 20 mln tonnes of CO2
The Green Climate Fund (GCF) on Thursday approved at least four projects spanning Southeast Asia, the Pacific, Africa, and South Asia that are expected to collectively deliver almost 19.4 million tonnes of CO2e in emissions reductions or removals, while channelling more than $311 mln into climate-resilient agriculture and forest restoration.
Renewables a ‘geopolitical shock absorber’ and their cost advantage over fossil fuels keeps widening, says IRENA
The cost advantage of renewable energy over fossil fuels continues to widen – helping to avoid an estimated $480 billion in fossil fuel-related costs last year and about 8.4 bln tonnes of CO2 emissions – turning clean energy into a “geopolitical shock absorber” during times of energy crisis, said the International Renewable Energy Agency (IRENA) in new analysis.
Tripling global nuclear capacity by 2050 will require major investment and policy overhaul, says OECD
Tripling global nuclear power capacity by 2050 will require a dramatic expansion of financing, skilled workers, manufacturing capacity, and government support, according to a new report published by the OECD’s specialist nuclear energy agency (NEA).
—————————————————
EVENTS
Asia Climate Summit (ACS) 2026: July 7-9, Hong Kong – The ACS, organised by IETA, is the leading gathering of carbon market practitioners, experts, and governments from across Asia Pacific. Bringing together around 800 delegates from across the APAC region and internationally, the ACS offers a unique opportunity to gain insights into the latest climate regulatory developments, enhance your carbon market expertise, and foster meaningful business connections. The ACS addresses how to best drive corporate decarbonisation strategies, gather regional market intelligence with global perspectives, focusing on how market-based solutions can drive credible climate action, investment and sustainable growth. The programme focuses on the next steps for climate action in Asia and internationally, collaboratively moving the needle on delivering climate action and transition finance at scale. Check out the event page, or register here.
—————————————————
ADVERTISE WITH US
Check out our 2026 Advertising Brochure & Media Pack, featuring updated offerings and prices. Bookings are open! The pack presents an overview of our content, products, and readership, as well as full details of our website and newsletter advertising opportunities.
Got a tip? How about some feedback? Email us at [email protected]
