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TOP STORY
INTERVIEW: UK financial services firm ‘structurally long’ on CORSIA, sees price rebound
A London‑based financial services platform has taken a “bold” long‑term position on aviation compliance credits, with senior executives saying the firm is structurally long on CORSIA‑eligible units and is leaving most of its exposure to future prices unhedged.
DAILY NEWS TICKER
CP Daily News Ticker: 13 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: July 6-12, 2026
Introducing VCM Weekly, a full list of our Voluntary Carbon Market (VCM) reporting from the past week, Monday to Sunday.
SPONSORED
Building the carbon markets of tomorrow – Singapore’s blueprint
Carbon markets have a key role to play as countries look to scale up their climate finance and decarbonise. However, more than two decades since the earliest market activity, gaps still remain, which lead to emissions reduction opportunities being missed as projects go unfinanced, solutions fail to scale, and uncertainty mounts for buyers. These three challenges hinder progress, and stymie climate finance flows.
EMEA
EU carbon market reforms spurred emissions cuts, green takeovers, study finds
A tightening of the EU Emissions Trading System (EU ETS) prompted the bloc’s most carbon-intensive companies to reduce emissions without cutting output, while encouraging manufacturers to pursue greener acquisitions as part of their decarbonisation strategies, according to a new study.
Euro Markets: EUAs advance after REPowerEU sales programme seen ending, cutting supply by 20%
European carbon prices advanced on Monday after the EU completed an auction programme that raised €20 billion to speed its transition away from Russian fossil fuels, despite an intensification of the conflict in the Strait of Hormuz that pushed energy costs higher and widespread anticipation of the ETS reform package due to be unveiled at the end of the week.
LEAK: EU plans procurement rules overhaul to hard‑wire green criteria into public tenders
The European Commission is preparing sweeping changes to EU public purchasing rules that would turn procurement into a driver of decarbonisation, circularity, and energy efficiency, according to a leaked draft of its forthcoming Public Procurement Act seen by Carbon Pulse.
UK-EU ETS linkage should include coordinated carbon market reforms, business group says
Linking the UK and EU emissions trading systems (ETSs) could add around £3 billion to UK GDP by 2040 while protecting approximately £7 bln of UK exports from the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a new report.
Ukraine ETS draft law introduced in parliament
Ukrainian politicians have introduced a bill to create a national emissions trading system (ETS) from 2028, in a step that would further integrate the country with the EU, and help to offset the costs of the bloc’s border carbon fee.
UK publishes emissions accounting rules for carbon border tax
The UK government has published the technical rules that importers will use to calculate the embedded emissions of goods covered by the country’s Carbon Border Adjustment Mechanism (CBAM), providing greater clarity on how carbon-intensive imports will be assessed when the scheme takes effect.
EU clears massive €63 bln French offshore wind support scheme
The European Commission has approved a €63 billion French scheme to support eleven offshore wind farms, in one of the largest single state aid packages yet signed off under the EU’s Clean Industrial Deal State Aid Framework (CISAF).
Romanian power adequacy risks may be overstated, EU energy regulator says
Romania may face electricity supply risks later this decade, but its national assessment likely makes the outlook appear worse than the most probable scenario, the EU energy regulator said in an opinion published last week.
Financial services firm invests in large UK woodland carbon project
A financial services provider has partnered with National Parks Partnerships (NPP) and the South Downs National Park to finance one of the UK’s largest woodland creation projects through carbon markets, in a move designed to accelerate nature restoration while generating credits.
EU Commission signs off leather exclusion from anti-deforestation law
The European Commission has adopted measures to exclude products including leather from the scope of the EU Deforestation Regulation (EUDR) following a hotly contested simplification package presented earlier this year.
DRC minister pledges to keep logging moratorium after pressure from environmental groups
The Democratic Republic of the Congo’s (DRC) environment minister has pledged to maintain the country’s 23-year-old moratorium on new industrial logging concessions, marking a significant reversal after weeks of concern that the government was preparing to reopen vast areas of the Congo Basin to commercial timber operations.
Kenyan court orders fresh review of dispute on public tender for carbon credits
A Kenyan Court of Appeal has given new life to a legal dispute over Kenya Electricity Generating Company’s tender for international carbon credits, ruling that it should not have changed the rules of procurement mid-process.
EU should look to new and cleaner cement technologies – not carbon capture and storage, environmental group says
The best way for Europe to cut emissions from cement is to reduce and replace the use of clinker and shift to alternatives that already exist, but are locked out of the market, according to a report published on Monday.
EU should centralise buying of Article 6 credits, report says
The EU should set up a centralised system for buying Article 6 international carbon credits to manage delivery risks and prevent the bloc from weakening its own climate policy, according to a report released Monday.
Solar generates quarter of EU power for first time in June -report
Solar supplied a quarter of EU electricity for the first time in June, becoming the bloc’s largest individual power source during a month of elevated demand and hot weather, according to analysis released on Tuesday.
AMERICAS
California ETS amendments move to final review ahead of September start
California’s latest cap-and-invest amendments are set to enter final administrative review on Tuesday, advancing changes that would tighten allowance budgets through 2031 while creating a manufacturing incentive of up to 118 million allowances.
RGGI Market: RGAs continue to reverse course from recent highs
RGGI Allowance (RGA) futures continued to reverse course following last week’s push to recent highs as carbon prices again appeared to reflect moves in the power market, traders said.
Pathways CCUS deal would ease TIER rules for Canadian oil sands producers
Canadian oil sands companies would be allowed reduced stringency requirements under Alberta’s carbon market if they deliver emissions reductions through a long-awaited carbon capture, utilisation, and storage (CCUS) project, under a new memorandum of understanding (MoU).
TIER compliance obligation drops, prices stagnant at C$32/t despite policy certainty
The compliance obligation under Alberta’s Technology Innovation and Emissions Reduction regulation dropped 15% in 2025, according to a new report.
LATAM Roundup: Brazil ITMO rules reinforce Latin America’s push to lead Article 6 markets
Latin America took a firm step towards becoming a key Article 6 player after Brazil unveiled last week long-awaited rules for Internationally Transferred Mitigation Outcomes (ITMOs), further building infrastructure despite the Kyoto-era Clean Development Mechanism (CDM) transition flop.
North American forestry body, US non-profit launch carbon analytics pilot
A North American forestry standards organisation and a US-based non-profit have partnered on a pilot forest analytics tool for carbon reporting, wildfire mitigation, and resilience planning across timber sourcing areas, the two announced.
Timing remains a challenge across orphan well carbon crediting methodologies -academic commentary
Voluntary carbon methodologies for orphan well methane leaks are conservative enough to avoid over-crediting, but timing, or estimating when the plugged well would have emitted methane, remains a weak point, a paper has argued.
ASIA PACIFIC
BRIEFING: Japan seeks to address vintage issues, supply bottleneck under JCM
Japan is seeking to address the vintage issue and lasting supply bottleneck under the Tokyo-led Joint Crediting Mechanism (JCM) in the coming years, amid growing concerns over the trajectory of the bilateral crediting programme beyond 2030.
South Korean financial group establishes fund for Paris-aligned carbon projects
In a first for South Korea, a leading financial group has established a pilot blind fund dedicated to international offset projects that support the country’s climate targets.
Australian carbon market sees annual traded volumes fall 20% as emitters well-supplied -analysis
Total traded volumes of carbon credits in the financial year ending last month was down some 20% year-on-year, according to recent analysis.
Kazakhstan considers legal framework for implementing Article 6
An environmental package proposed in Kazakhstan is poised to implement the country’s carbon offset mechanisms and Article 6 provisions, provided that the country’s reformed parliamentary body advances it.
Malaysia investors deepen climate integration, but hurdles remain -report
Malaysia’s institutional investors are embedding climate into governance and investment frameworks, with more than half recognising climate change as a financial risk or opportunity, though gaps remain between commitments and detailed transition plans, according to a report.
Japanese pilot to add nature positivity to blue carbon credits
Two Japanese organisations have joined to set up a pilot crediting project that will measure the nature positive impacts of blue carbon activities by using environmental DNA (eDNA).
Major Japanese manufacturer signs partnership with conservation organisation
A Japanese consumer electronics manufacturer and a conservation group have signed an agreement to promote domestic biodiversity initiatives and nature positivity through 2030, according to a Monday statement.
VOLUNTARY
VCM REPORT: CORSIA futures rebound above $10/t as market awaits crunch EU decision
Benchmark ICE CORSIA Phase 1 futures rebounded above $10 per tonne last week as sources noted the slump down from nearly $20/t since the end of last year may not be as bad as some fear.
Frontier CDR deliveries exceed full-year 2025 total in first half of 2026
Carbon removal (CDR) buyers’ club Frontier said suppliers in its portfolio delivered about 30,600 tonnes of CO2 to its members in the first half of 2026, surpassing the total delivered through the initiative in all of 2025 and putting its portfolio on track to pass 50,000 tonnes this year.
Corporate sustainability initiative, UK bank launch NbS accelerator for Middle East, SE Asia
A multi-company partnership for sustainability and a London-based bank have jointly launched a programme to coach high-potential initiatives in the nature-based solutions (NbS) space across the Middle East, North Africa, and Turkiye (MENAT), and Southeast Asia.
Verra proposes major revision to concrete carbon crediting methodology
Verra has opened a consultation on a major revision to its methodology for projects that use captured waste CO2 in concrete production.
International organisation consults on draft legislative guidance for verified carbon credits
An intergovernmental organisation dedicated to private and commercial law is launching a 10-week public consultation on draft principles that would provide legislative guidance regarding verified carbon credits (VCCs), it announced on Monday.
Carbon standard consults on updates to project and methodology rules
An Icelandic carbon crediting standard has launched a public consultation on proposed revisions to rules governing project development, methodologies, validation, and verification across its programme.
INTERNATIONAL
MDB climate finance reached $163 bln in 2025
Multilateral development banks (MDBs) provided $163 billion in climate finance in 2025, driven primarily by mitigation efforts in the energy sector, while remaining on track to meet collective 2030 financing targets despite political complexities.
Fusion industry sees huge cash injection over last 12 months
Private investment is pouring into the global fusion industry, which is aiming to deliver commercial electricity in the 2030s, according to a report published Monday.
Fires become leading driver of intact forest loss worldwide -analysis
Forest fires have overtaken logging as the leading driver of the decline in the world’s remaining intact forest landscapes, according to a new analysis of Global Nature Watch data published on Monday.
AVIATION/SHIPPING
EU’s Ribera urges China to back IMO net zero shipping deal by December
The European Commission’s executive vice president, Teresa Ribera, on Monday urged governments to clinch a “meaningful agreement” on the IMO’s net zero emissions framework for shipping at a key committee meeting in December, calling on China in particular to move from declarations to delivery on climate action at sea.
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GATEWAY TO ASIA’S CARBON MARKETS
Singapore’s blueprint to building the carbon markets of tomorrow. Carbon markets play a key role in accelerating decarbonisation efforts but significant challenges remain, from financing early-stage projects to navigating a complex market landscape. Enter Singapore – home to over 160 carbon services and trading companies, it is establishing itself as a leading hub for companies to access, develop, and scale high integrity carbon market opportunities across the region.
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