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EU set to drop strict carbon credit eligibility criteria proposal for CORSIA’s Phase 1

The European Commission is set to drop proposals to impose strict additional eligibility criteria for carbon credits used by EU airlines for Phase 1 of the UN’s CORSIA international aviation offsetting scheme, according to a recent presentation from the EU’s executive.

DAILY NEWS TICKER

CP Daily News Ticker: 14 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

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

Expanding EU carbon market to aviation would raise billions with minimal emissions leakage -study

Expanding the EU Emissions Trading System (EU ETS) to cover a greater share of aviation emissions would not have led to a significant displacement of emissions outside the bloc, and could have boosted revenues by an estimated €14.3 billion a year, a study by an independent transport research organisation found.

Sweden, Finland press EU to keep ETS emission cuts “close to 90%” in upcoming revamp

The prime ministers of Sweden and Finland are urging the European Commission to keep the Emissions Trading System (EU ETS) at the core of the EU’s new 2040 climate regime, in a major review it’s due to present on Friday, warning against shifting extra burden onto member states’ national targets, forest sinks, or international offsets.

EU should maintain current ETS cap reduction pathway through 2035 -report

EU lawmakers should maintain the current EU ETS cap reduction pathway through 2035, reform the Market Stability Reserve (MSR), and link remaining free allocation to industrial decarbonisation investment, according to a policy brief released Tuesday.

EU urged to turn €100 bln Industrial Decarbonisation Bank into project delivery machine

The European Commission’s planned €100 billion Industrial Decarbonisation Bank (IDB) should be designed less as a grant pot and more as a coordinated delivery system for low-carbon projects, with targeted backing for shared infrastructure, a think tank has argued.

Euro Markets: EUAs advance for third day as speculative length builds ahead of reform package

European carbon surged after Tuesday morning’s auction as speculative length-building in anticipation of Friday’s ETS reform package continued to drown out other market signals, including a further ratcheting up of the conflict in the Persian Gulf and rising European power prices.

New governance needed to manage growing EU ETS complexity, think tank says

The European Union must overhaul how it steers its carbon market, with a more dynamic Market Stability Reserve (MSR) at the heart of a new governance architecture that could eventually lead to a European Carbon Central Bank, according to a Brussels-based think tank.

Carbon market fine bites into Q2 results of Norwegian aviation group

Aviation conglomerate Norwegian Group saw its financial results dip in Q2, after taking a hit from a court ruling forcing the company to pay outstanding EU ETS charges and a penalty, as well as higher fuel prices.

British direct air capture developer acquires Dutch rival

A London-based direct air capture (DAC) company has acquired its Dutch rival, which will see the creation of one of Europe’s largest integrated producers in the sector.

Clean ferries can outcompete conventional shipping in EU, finds report

Investments into battery-electric ferries and wind-assisted propulsion systems (WAPS) can outperform conventional fossil-fuelled vessels due to rising carbon compliance costs, according to a study from the European Commission.

AMERICAS

Allowances available at Q3 RGGI auction jump by half with additional Virginia, set-aside volumes

The Q3 RGGI auction will offer nearly 50% more allowances than the previous quarterly sale, buoyed by the availability of Virginia’s volumes and set-aside units by certain participating states.

US CDR credits reach 850k tonnes, verified projects favour biochar -analysis

Around 850,000 tonnes worth of verified carbon removal (CDR) credits have been issued in the US through to the first half of 2026, a sector data platform said Tuesday.

Orphan US well-plugging firms expand project development, credit generation collaboration

Two methane offset developers are scaling up a collaboration to accelerate the plugging of orphan oil and gas wells across the US, with the expanded partnership set to begin on a project in Oklahoma and include collaboration on credit generation.

New Jersey to procure new nuclear power

New Jersey aims to bring at least 1100 MW of nuclear generation to the state, according to legislation signed by Governor Mikie Sherrill (D) on Monday.

Trump administration argues California emissions waiver lawsuit is legally barred

The Trump administration has asked a federal court to dismiss California’s challenge to the US EPA’s decision to submit four state emissions waivers to Congress, arguing that the Congressional Review Act bars courts from reviewing the move.

Colombia proposes mandatory Scope 3 GHG reporting by 2029

Colombia’s outgoing left-wing government is seeking public input on phased-in emissions reporting requirements to support national GHG accounting and a long-awaited emissions trading system (Spanish: PNCTE).

INTERVIEW: Latin America risks losing long-term nature finance without local-level institutional reforms

Latin America could miss out on international nature finance unless it shifts its focus from mere project delivery to strengthening local institutions and community leadership, according to a climate policy expert.

ASIA PACIFIC

Singapore’s central bank highlights “structural shift” away from carbon‑heavy investments in sustainability report

Singapore’s central bank reported mixed results this year on reducing the carbon intensity of its Official Foreign Reserves (OFR) equities investments in its annual sustainability report, though overall progress reflected a “structural shift” away from carbon-intensive sectors.

NZ introduces amendments to include carbon removals, industrial allocation changes to ETS

The New Zealand government on Wednesday introduced the next tranche of climate change amendments to Parliament that would make carbon removal activities eligible in the ETS, as well as changes to industrial allocation settings.

Success of NZ climate litigation case could wipe NZ$21.9 bln off GDP over five years, report claims

If allowed to proceed and successful, a climate case in New Zealand could cause the country’s GDP to contract by 0.9%, or NZ$21.9 billion ($12.7 bln), out to 2032, according to a report commissioned by three of the defendants.

NZ reforestation initiative retools for carbon, nature markets

A New Zealand initiative aiming to encourage native reforestation is pivoting to broader carbon and nature markets for funding, following a lack of commitment from the government for an earlier iteration which would have leveraged the country’s Nationally Determined Contribution (NDC).

Singapore expands acceptable host country authorisations under new carbon tax guidance

Singapore has updated its guidance for carbon tax liable entities who wish to use International Carbon Credits (ICCs) to meet their obligations, expanding the list of documents acceptable as proof of the host country’s approval of ICC issuance.

Pacific climate finance strategy eyes carbon pricing

Exploring carbon pricing, including cap-and-trade systems, was flagged as a priority activity in a new climate finance strategy for the Pacific Islands – with a goal to initiate carbon pricing pilots in the next four years.

VOLUNTARY

VCM MONTHLY: Issuances down 31% while retirements fall 2% over first half of 2026

Carbon credit issuances across major registries in the voluntary market fell 31% year-on-year between January and June as retirements dropped 2%, while prices generally remained stable or gained strength.

Demand remains steady but prices fall across voluntary carbon market in Q2 -analysts

Demand across the voluntary carbon market (VCM) remained steady in the first half of 2026 after a large retirement from a US oil and gas company helped to keep pace with 2025’s record level, according to data from an analytics firm.

SBTi unit launches readiness checks for updated net zero standard

SBTi Services, the commercial subsidiary of the Science Based Targets initiative (SBTi), has launched an assessment service to help companies determine what changes they would need to make to seek validation under its updated Corporate Net-Zero Standard.

Swiss agribusiness, Israeli bio firm partner on soil carbon programme

A crop input supplier has struck a partnership to market biological products alongside a soil carbon programme that will allow farmers to generate carbon credits in Latin America and Europe, the companies announced Tuesday.

Nature-based standard updates methodology for soil carbon projects

A standard-setter for nature projects is seeking feedback on a fundamental shift in its methodology for soil carbon projects, recognising that they need to be tailored to local conditions, it announced on Tuesday.

DAC unlikely to deliver billion-tonne removals, researchers say

Direct air capture (DAC) is unlikely to deliver carbon removals at the billion-tonne scale because of its high energy requirements, according to a recent study.

CDR should be treated as public infrastructure, researchers say

Carbon removal (CDR) should be treated as essential public infrastructure rather than primarily as a tradable commodity, with compliance markets, public mandates, and public investment used to support community ownership, according to a new study.

Carbon buyers broaden quality checks but remain hesitant on long-term offtakes -panellists

Corporate carbon credit buyers are applying more detailed quality and risk criteria to their purchases, but many remain reluctant to move beyond spot transactions into long-term offtakes that carry delivery, counterparty, and balance-sheet exposure, experts said during a Tuesday panel.

DAC integration offers viable path to decarbonise buildings -study

Buildings could achieve net zero emissions and accelerate urban decarbonisation by 2050 through the use of decentralised direct air capture (DAC) systems, according to a recent study.

Direct storage of biomass could remove 115 mln tCO2e annually, issue brief says

A new issue brief recommends a path to scale direct storage of biomass (DSB) to a larger American market.

INTERNATIONAL

Low carbon-focused data centres drive $26.1 bln in climate tech investment -analysis

Low-carbon companies attracted $26.1 billion in venture capital in H1 2026, largely led by data centre developers that have made clean power a core part of their strategy, according to a market intelligence company.

Global mobile operators need to accelerate emissions reductions to meet 2030 targets -report

Mobile network operators worldwide are on track to reduce their emissions by 33% by 2030, short of a 45% reduction target, according to a trade association report.

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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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