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TOP STORY
Five European Commission departments object to draft EU ETS reform
Five European Commission departments have issued negative opinions on a draft reform of the EU’s Emissions Trading System (EU ETS), EU officials told Carbon Pulse.
DAILY NEWS TICKER
CP Daily News Ticker: 3-5 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.
EMEA
EU Parliament puts reform of ETS Market Stability Reserve on hold
The European Parliament lawmaker steering the proposed revision of the ETS Market Stability Reserve (MSR) has opted not to alter the European Commission’s draft, saying the plan must be assessed in the broader context of the upcoming overhaul of the EU’s Emissions Trading System (ETS), due on July 17.
EU countries to vote on CBAM carbon price deduction rules in September
EU member states will vote in September on rules defining which foreign CO2 prices importers can deduct from their Carbon Border Adjustment Mechanism (CBAM) fees, a European Commission official said.
EU updates green reporting rules, slashes mandatory datapoints by 60%
The European Commission on Friday proposed revised sustainability reporting standards for companies operating in the EU, saying the changes will cut reporting costs for businesses by around 30%.
Wind energy industry urges EU ETS overhaul to prioritise industrial electrification
The European Commission should use its upcoming revision of the EU Emissions Trading System (ETS) to redirect billions of euros in carbon market revenues towards industrial electrification, trade association WindEurope has said.
UK engineered carbon removal credits could top 850 mln by 2050 -report
Total UK-based engineered carbon removal credit supply could reach up to 852 million by 2050 under a high-growth scenario, according to modelling commissioned by the British government.
German grid operator urges pause to coal plant closures amid energy security concerns
Germany should halt further closures of coal-fired power plants until replacement capacity is in place, the country’s largest transmission system operator has said, warning that electricity security could be at risk early in the next decade as the country accelerates its energy transition.
EU pressed to frontload ETS cash to jump‑start carbon removals
The EU should use €10-30 billion of frontloaded revenues from its Emissions Trading System (ETS) to support durable carbon removal (CDR) before 2035, as waiting until compliance demand emerges risks leaving Europe short of its 2040 and 2050 removals targets, according to a recent paper.
MENA Roundup: Gulf countries build up voluntary carbon markets at home
Middle Eastern and North African (MENA) countries last month offered carrots, sticks, and capacity support to accelerate domestic and regional carbon market development.
Islamic ethical principles could strengthen carbon pricing legitimacy, study says
Islamic ethical principles such as fairness, accountability, and distributive justice may contribute to strengthening the legitimacy and long‑term sustainability of carbon pricing policies, according to a study.
ASIA PACIFIC
INTERVIEW: Korean securities firm eyes potential in growing CORSIA market, secures its first procurement contract
A major securities firm in South Korea has facilitated the country’s first CORSIA-eligible emission unit (EEU) purchase agreement for a domestic airline, signalling its strategic push to expand its presence in the emerging compliance market for the aviation industry, a manager at the company told Carbon Pulse.
Asia‑Pacific’s CDR market to reach $911 million by 2035, report says
Asia‑Pacific’s carbon removal (CDR) market is projected to reach $911.43 million by 2035, up from $160 million in 2025, growing at a 19% annual rate from 2026 driven by demand from heavy industry, power, and transport under tightening carbon pricing rules and net zero targets.
Australian electricity generators push back against being included in Safeguard Mechanism
An industry body representing Australia’s electricity producers has argued against folding the sector into the Safeguard Mechanism, arguing it will be inefficient, legally complex, and lead to higher operating costs.
CN Markets: CEA trading volumes remain strong, prices hold near RMB 85
Trading volumes in China’s national emissions market held above 3 million units over the past week amid a supply boost, while analysts expected a gradual price recovery in the coming months.
Agriculture body seeks panel members to develop new livestock ACCU method
An Australian agriculture body is seeking expressions of interest to help it develop a new method it has been assigned by the government to create.
The Philippines launches first policy framework for nature-based solutions
The Philippines has launched its first-ever national nature-based solutions (NbS) policy framework and catalogue, as the Southeast Asian country seeks to unlock more investment.
Carbon ratings agency deepens Japan expansion with new partnership
A carbon ratings agency on Friday partnered with a Japanese developer to launch an initiative to improve transparency around the quality of forest carbon credits.
India proposes carbon intensity targets for iron, steel under ETS
India’s environment ministry has proposed carbon intensity targets for iron and steel producers under its Carbon Credit Trading Scheme, the largest sector yet brought under the compliance mechanism.
AMERICAS
Canadian national carbon credit framework pledged under new multi-billion dollar prosperity agreement
British Columbia and Canada signed a multi-billion dollar prosperity agreement, including a commitment to develop a multilateral National Carbon Credit Framework.
Fossil fuels inclusion would undermine incoming Canadian sustainable finance taxonomy -report
Including oil and gas activities in Canada’s planned sustainable finance taxonomy would undermine its credibility, invite greenwashing and reduce its ability to attract investment for net zero-aligned projects, a new report argued.
VOLUNTARY
FEATURE: Corporate non-market environmental donations are picking up, driven by employees and business value -experts
Voluntary giving by companies to environmental outcomes outside of formalised markets is starting to pick up this year after a few years of lacklustre growth, with more willingness to go public on action, and for reasons of talent acquisition and business value, according to experts in the field.
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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.
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