CP Daily Newsletter: Thursday July 9, 2026

Published 02:06 on July 10, 2026 / Last updated at 02:06 on July 10, 2026 / / Newsletters

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TOP STORY

BRIEFING: China’s shift to absolute ETS caps may create new model for developing countries

China’s experience in finetuning its national ETS, particularly its transition toward absolute caps, could serve as a model for other developing countries, a conference heard Wednesday.

DAILY NEWS TICKER

CP Daily News Ticker: 9 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

Brussels publishes draft rules for selling EU CBAM certificates

The European Commission published draft rules on the sale and repurchase of certificates accepted under the EU’s Carbon Border Adjustment Mechanism (CBAM) on Thursday, which will be open for feedback for four weeks.

Leaked EU electrification plan taps ETS revenues, leaves 2040 target unresolved

Brussels is set to propose a plan to electrify the bloc’s economy that would require EU member states to devote a greater share of carbon market revenues to industrial decarbonisation, according to a leaked draft of the forthcoming Electrification Action Plan, which still leaves its headline 2040 electrification target undecided.

FEATURE: CEE renewables push runs into politics, not a funding gap

Central and Eastern Europe (CEE) has the resources, EU support, and investor appetite to speed up its renewables buildout, but weak political direction is still holding back parts of the region, experts told Carbon Pulse.

No major integrity concerns in EU carbon market despite concentrated auctions -report

The European Securities and Markets Authority (ESMA) found no significant concerns over the transparency or integrity of the EU carbon market, in an annual report published Thursday, despite auction participation remaining heavily concentrated among a small number of companies.

Euro Markets: EUAs unchanged as market endures “calm before the storm” of EU reform package

EU carbon ended Thursday unchanged on the day, maintaining its largely rangebound trading as the market continued to focus on the upcoming ETS reform package, while energy markets reacted to the military escalation in the Middle East.

FEATURE: EU weighs central purchasing authority for carbon removals in ETS

The European Commission is weighing the creation of a central purchasing authority for carbon removal units entering the EU Emissions Trading System (EU ETS), a move supported by environmentalists, but which also has drawbacks.

Revenue recycling key to winning public backing for carbon pricing, EU review finds

Revenue recycling mechanisms such as direct household rebates, tax cuts, and visible environmental investments are the most effective way to increase public support for carbon pricing policies, according to a systematic review published this week by the European Commission’s Joint Research Centre (JRC), which also found that how carbon prices are communicated can significantly influence public acceptance.

IEA announces $900 mln in new commitments for clean cooking in Africa

The International Energy Agency (IEA) announced $900 million in new commitments to expand clean cooking in Africa, unveiled alongside its Clean Cooking in Africa 2026 report.

Aluminium industry urges Brussels to ‘stop the clock’ on EU CBAM pending urgent fixes

A European Parliament vote on revising the EU’s Carbon Border Adjustment Mechanism (CBAM) has left major loopholes unresolved for the aluminium sector, the industry’s trade association has warned, calling for the scheme to be suspended unless the issues are fixed.

Europe dominates sustainability performance, but most countries lag on net zero -index

Europe dominates worldwide sustainability performance due to its progress on energy transition and other areas, but still few countries are on track to meet the global goal of achieving net zero by 2050, according to an index published Thursday.

German think tank warns against rigid investment rules on free EU ETS allowances

Conditionalities for free carbon allowances should not be overly prescriptive or based on rigid investment requirements, according to a think tank headquartered in Berlin.

UK exit from EU ETS had no measurable impact on firms’ emissions -study

The UK’s departure from the EU ETS and creation of a standalone domestic carbon market in Britain did not produce a statistically significant change in regulated companies’ emissions during 2021-23, according to new research that adds evidence to the debate over linking the two schemes.

Renewables developer injects first green gas into Italian grid

A Swiss renewable energy company has injected its first biomethane into the Italian gas grid, marking the start of the company’s expansion into renewable gas.

Turkish court nixes environmental assessment for new coal-fired power units

A Turkish court decided this week to annul an environmental impact assessment for Turkiye’s last coal-fired power project, in a win for climate campaigners who argued the assessment had failed to properly study the plant’s cumulative impact.

Offset provider steps into EU ETS with Spanish registry account

A Canadian carbon offset provider is stepping into the EU Emissions Trading System (ETS) by opening a registry account in Spain, as part of the company’s growth into Europe, it announced on Thursday.

EEX sees European emissions trading volumes climb 11% in H1 2026 as secondary carbon market surges

European Energy Exchange (EEX) reported strong growth in environmental markets during the first half of 2026, driven by a sharp increase in secondary emissions trading.

AMERICAS

RGGI futures pull back from power-driven spike, drop towards $45

RGGI Allowances (RGAs) pulled back on Thursday from a mid-week spike to the upper $40s as the power price surge that drove the rise reversed course, with RGA futures returning to previous levels in the $45 range.

WCI Markets: CCAs crawl higher as market activity remains muted

California Carbon Allowance (CCA) futures edged slightly higher over the last week but remained in recent ranges as the market continued to be quiet, traders said.

Canada sustainable finance taxonomy draft carves out future abatement category for fossil fuel emissions cuts

Canada’s sustainable finance taxonomy would include a separate category for select oil and gas emissions-reduction investments, setting up a later fight over guardrails for fossil fuel-related projects seeking climate-aligned finance, according to a draft published this week.

Federal policies in second Trump term lead to cancellation of over 20 GW of new US clean energy capacity -report

Projects for more than 20 GW of new capacity from solar, wind, and battery storage have been cancelled during the second Trump administration, according to an economic analysis released by a US-based nonpartisan business group on Thursday.

Carbon capture partnership targets modular design to cut industrial deployment complexity

A US carbon capture technology developer and a Danish thermal systems engineering company have agreed to standardise molten salt tank systems, aiming to make carbon capture projects more modular and easier to deploy for heavy industry.

INTERVIEW: American carbon scientist launches customisable carbon credit ratings agency

An American forest carbon scientist has founded a new credit ratings agency committed to transparency and re-building market trust through enhanced and customisable scoring metrics.

ASIA PACIFIC

China has potential to become international offset buyer as its ETS evolves

China has the potential to become a major buyer in the global carbon credit market as its emission trading scheme evolves, a conference heard Thursday.

Weak demand signals persist across Asia-Pacific CORSIA market

While Japan and Singapore are currently leading the procurement of CORSIA-eligible credits, demand signals across the broader Asia-Pacific region remain relatively weak, a conference heard this week.

Australian voluntary cancellations double in first half of 2026, data shows

A substantial volume of Australian Carbon Credit Units (ACCUs) were retired in June, according to data released by the Clean Energy Regulator, doubling the amount of credits retired in the first half of 2026, year-on-year.

South Korean companies searching for offset projects as KAU prices expected to rise, expert says

South Korean companies are scrambling to invest in new offset projects in anticipation of rising domestic carbon prices, according to an expert.

INTERVIEW: Indian developer turns to birdsong to win over buyers

An Indian carbon project developer is deploying bioacoustic monitoring across its agroforestry projects, betting that hard data on biodiversity can convince cautious corporate buyers to enter the voluntary carbon market.

Japan developer sets up consortium to design carbon methodologies

A Tokyo‑based digital measurement, reporting, and verification (dMRV) software developer on Thursday set up a consortium to develop methodologies for recognising transport emissions reduction results as tradable “environmental value”.

VOLUNTARY

Microsoft emissions jump 25% as AI buildout accelerates, but tech giant reiterates carbon removals commitment

Microsoft’s greenhouse gas output rose 25% in fiscal year 2025 as the rapid expansion of AI infrastructure drove higher emissions across its value chain, but the technology giant reiterated its commitment to become carbon negative by 2030 through a combination of operational decarbonisation and one of the world’s largest CO2 removal (CDR) procurement programmes.

World’s largest meatpacker waters down climate target

JBS, the world’s largest meatpacker that is under threat of legal action by an environmental group, is stepping back from a 2040 net zero emissions goal.

Gold Standard publishes Paris-aligned light and safe water carbon methodologies

Voluntary carbon certification body Gold Standard has published two new methodologies on Thursday as it continues to align its crediting programme with the principles of the Paris Agreement.

Digital carbon registry launches focused on building decarbonisation projects

A new digital carbon registry has launched, aiming to bring building decarbonisation projects into carbon markets.

Verra opens consultation on cookstove methodology revision

Verra opened a one-month public consultation process on Thursday for a major revision of its cookstove methodology in its Verified Carbon Standard (VCS) programme.

Carbon removal buyers beyond Microsoft accelerate activity in Q2 -report

Carbon removal (CDR) buyers apart from Microsoft committed to a record-high volume of quarterly purchases, according to analysis published by a CDR portfolio manager on Thursday.

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