Presenting Carbon Pulse’s free CP Daily newsletter. Sign up here
TOP STORY
PREVIEW: Key issues to watch in the upcoming EU carbon market reform
As the European Commission prepares to unveil its proposed revision of the EU Emissions Trading System (EU ETS) on July 17, Carbon Pulse walks you through the main issues at stake in the reform – what is already on the table, and the key decisions still to come.
DAILY NEWS TICKER
CP Daily News Ticker: 6 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.
VCM WEEKLY
Voluntary Carbon Market News: June 29-July 5, 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
EMEA
European Commission sets second quarterly EU CBAM price at €75.28
The European Commission on Monday published the second quarterly reference price for certificates accepted under the EU’s Carbon Border Adjustment Mechanism (CBAM).
EU lawmakers agree position on Market Stability Reserve for ETS2
The European Parliament’s environment committee endorsed on Monday a provisional agreement to strengthen the Market Stability Reserve (MSR) for the EU’s new emissions trading system covering buildings and road transport (ETS2), paving the way for final approval in plenary.
Euro Markets: EUAs race up to test technical resistance after strong buying wipes out early decline
European carbon prices broke out of their recent range and raced to a seven-day high as a burst of aggressive buying in the afternoon clawed back the morning’s losses and drove the market to a key technical resistance level.
EU lawmakers vote to extend CBAM to more than 400 downstream products
Lawmakers in the European Parliament’s environment committee (ENVI) voted to extend the EU’s Carbon Border Adjustment Mechanism (CBAM) to more than 400 product codes on Monday, as well as for tougher anti-circumvention measures.
EU ETS maritime CO2 emissions slip in 2025 despite rise in overall sectoral emissions
CO2 emissions from ships covered by the EU’s monitoring, reporting, and verification (MRV) system rose modestly in 2025 year-on-year, according to preliminary data, but the share falling within the scope of the Emissions Trading System (EU ETS) edged lower compared to 2024 levels.
EU urged to enforce penalties on oil and gas firms over missed CO2 storage deadline
A coalition of NGOs, industry groups, and CCS stakeholders has urged EU governments to rapidly implement penalty regimes for oil and gas producers that fail to meet their CO2 storage obligations under the Net-Zero Industry Act (NZIA), after an end-June deadline has passed.
High power costs, not ETS, are stalling EU industrial decarbonisation, researchers say
Europe should resist calls to weaken its carbon market because the main barriers to industrial decarbonisation are slow electrification and weak investment signals rather than climate policy, according to a report published on Tuesday.
EU lawmakers agree to widen carbon leakage fund to downstream sectors, restrict aid to exports
Lawmakers in the European Parliament’s environment committee (ENVI) voted on Monday to extend carbon leakage financial support to downstream sectors, cement, cereals, and more fertilisers, while they limited support to the exported share of production.
Carbon market association IETA calls for EU ETS overhaul centred on removals, global offsets, UK linkage
IETA has urged the European Commission to pursue a broad overhaul of the EU Emissions Trading System after 2030, arguing the bloc should integrate carbon removals, prepare to use international credits from 2031, reform the Market Stability Reserve (MSR), and prioritise linking the scheme with the UK carbon market.
Italy set to pivot to temporary gas price cap as ETS reimbursement plan fades
Italy appears to be moving away from its controversial proposal to reimburse carbon costs, with a new consultation on plans to instead introduce a temporary gas price cap mechanism that analysts say is more likely to win regulatory approval but would have a much smaller impact on electricity prices.
Italy’s Enel urges long-term stability in EU carbon market to drive investment
The EU’s flagship Emissions Trading System (ETS) risks scaring off long-term investment unless policymakers curb regulatory “noise” and set out a clearer plan for how subsidies and the carbon price will work together to drive decarbonisation, said Italy’s largest power company.
German DAC startup opens 150 tonne/year carbon removal plant in Berlin
A German direct air capture (DAC) startup has launched the country’s largest DAC plant, with capacity to remove 150 tonnes of CO2 a year, it announced last week.
UK’s Sizewell C nuclear developer strives to limit construction emissions below expectations
The developer of a new nuclear power plant in southern England aims to keep construction emissions below 2.1 million tonnes of CO2e through a number of low-carbon measures, which is 0.9 MtCO2e lower than previous lifecycle assessment estimates for the plant.
UK needs national cooling plan to avoid carbon lock-in, report says
The UK risks locking in higher emissions unless it develops a national cooling strategy that limits demand for air conditioning, a London-based non-profit warned on Monday.
EV sales in UK surge in June, but fall short of target needed for UK climate goals
New electric vehicle car sales in the UK surged in June to take 30% of the market, but still fell short of the government’s Zero Emission Vehicle (ZEV) mandate, data showed Monday.
World Bank approves $265 mln for hydro project in Morocco, amid retreat from climate targets
The World Bank has announced a $265-million financing package to support a major hydropower infrastructure project in Morocco, just days after retiring its climate finance targets amid US pressure.
Ghana must position carbon markets to address “everyday developmental problems” -lawmaker
Ghana needs to treat carbon markets as a tool for national development, and position itself as a regional hub for credible carbon credits that attract credible international investment, technology, and partnerships, parliamentarians said during a debate on the country’s carbon market framework.
NGO coalition urges DRC to halt plans to lift logging moratorium, warns of climate and governance risks
A coalition of more than 70 environmental, Indigenous rights, and human rights organisations has urged the Democratic Republic of the Congo (DRC) to abandon plans to lift its 23-year-old moratorium on allocating new industrial logging concessions, warning that the move would jeopardise climate commitments, undermine recent forest governance reforms, and expose vast areas of the Congo Basin to unsustainable exploitation.
AMERICAS
New York climate law retreat will require sweeping regulatory overhaul, likely litigation -legal experts
New York’s decision to weaken its landmark climate law through 2026 budget amendments will trigger years of regulatory revisions, planning changes, and likely legal challenges, while making it significantly easier for the state to meet its statutory emissions targets, according to legal experts.
RGGI Market: RGAs float around $44 through US, Canada holidays
RGGI Allowance (RGA) futures hovered around $44 through the US and Canada holidays, as traders said that market activity remained muted through hot temperatures in the US Northeast.
CFTC: Producers cut CCA net length, narrowed RGA, WCA net shorts
Emitters reduced their California Carbon Allowance (CCA) net length, while producers and managed money alike narrowed their respective net shorts for RGGI Allowances (RGAs) and Washington Carbon Allowances (WCA), according to the latest US Commodity Futures Trading Commission (CFTC) data.
LATAM Roundup: CDM to PACM project approval deadline passes, Latin America in the lead
The deadline has passed for countries hosting Kyoto-era Clean Development Mechanism (CDM) projects to approve transition to the Paris Agreement Crediting Mechanism (PACM), with just one-quarter of eligible activities making the cut – and Latin America leading the charge.
INTERVIEW: Future uncertain for Indigenous Peoples as Peru pledges land rights recognition
The government of Peru’s recently announced pledge to improve Indigenous land recognition will only help people secure their territories in the Peruvian Amazon if this high-level statement drives official, long-lasting land demarcation, an Indigenous Kichwa leader told Carbon Pulse.
Brazil finalises delayed ITMOs regulation text -source
The Brazilian government has completed the text of a draft resolution setting out the procedures for Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, Carbon Pulse has learned.
South Dakota researchers experiment with CO2-consuming microbes to clean up coal emissions
Biologists in South Dakota are cataloguing microbes found deep underground that could hasten the removal of CO2 from direct emission sources, such as coal-fired power plants.
ASIA PACIFIC
Indonesia’s flagship carbon project resumes issuance with 20 mln credits
Indonesia’s flagship project on avoided deforestation re‑entered the global carbon market with the verification of 20 million credits, one of the project managers said.
Singapore, Indonesia sign carbon credit MoU, eye deal on Article 6 trade
Singapore and Indonesia have signed a memorandum of understanding on carbon credits, agreeing to identify projects and work towards an implementation agreement under Article 6 of the Paris Agreement.
Macao carbon exchange launches spot contracts for CCP-labelled credits
Macao International Carbon Emission Exchange (MEX) has listed spot contracts for Core Carbon Principles (CCP)-labelled credits, it announced Monday.
El Nino could add 17 mln tonnes to India’s emissions
A strengthening El Nino could add 17 million tonnes of carbon dioxide to India’s emissions just over the next year as extreme heat drives up demand for electricity and weaker wind and rainfall curb renewable power generation, according to an analysis.
Australian court cases to push back against govt gas approval
Upcoming court cases are challenging the Australian environment minister’s decision to approve the North West Shelf (NWS) gas facility’s exporting licence, and will argue he failed to consider the impacts of its emissions on native wildlife, among other issues.
Mongolia passes first climate change law
Mongolia’s parliament has passed the country’s inaugural law on climate change, creating a legal framework to curb emissions, build climate resilience, and advance the carbon market.
VOLUNTARY
VCM REPORT: CORSIA edges back to $10/t ahead of EU assessment, analysts revise down demand outlook
Benchmark ICE CORSIA futures bounced back towards $10/t last week, climbing from two-year lows, as the European Commission’s assessment of the international aviation offsetting scheme that will affect the participation of EU carriers inches closer.
CDR demand to outstrip supply fivefold by 2036 -report
Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.
BRIEFING: Carbon credit co‑labels spark premiums as buyers continue to seek assurance
Carbon credit co‑labels have emerged as a “trust currency” in the voluntary carbon market (VCM), with market participants noting that they are shaping pricing tiers, buyer behaviour, and project design standards.
Gold Standard broadens list of approved insurance policies for CORSIA to five
Gold Standard (GS) has added another insurance policy to the list of approved covers for CORSIA, the international aviation offsetting scheme, the registry announced Tuesday.
INTERNATIONAL
Climate Litigation Roundup: Fossil fuel cases move from companies to the rules that enable growth
Climate litigation this month focused heavily on the rules and approvals that shape fossil fuel growth, as claimants challenged gas projects, clean air waivers, liability shields, carbon offsetting, and corporate transition claims, and new research found a persistent accountability gap for the companies most closely tied to historical emissions.
AVIATION/SHIPPING
ICAO attempts to ward off criticism of CORSIA, urges member state cooperation
The International Civil Aviation Organization (ICAO) is warning against fragmenting carbon regulation for the global aviation industry ahead of the EU assessment of CORSIA due for publication this month.
—————————————————
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.
—————————————————
JOB LISTINGS THIS WEEK
See all listings or post a job
—————————————————
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]
