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TOP STORY
Indonesia’s top court quashes REDD+ project’s licence reinstatement
Indonesia’s Supreme Court has overturned a lower court ruling that had reinstated the operating licence of PT Rimba Raya Conservation (RRC), the concession holder of one of the world’s largest REDD+ forest carbon projects, according to a case record published on the court’s website.
DAILY NEWS TICKER
CP Daily News Ticker: 16 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
Ten EU countries call for “pragmatic and fair” carbon market reform
Ten EU countries led by Poland have urged Brussels to pursue a “pragmatic and fair” overhaul of the bloc’s Emissions Trading System (ETS) that aims to “rebuild Europe as an industrial powerhouse” in the upcoming carbon market reform proposal due on July 17.
UK outlines CBAM relief rules, leaves little scope for international credits
The UK will only allow international credits to count towards its Carbon Border Adjustment Mechanism (CBAM) fees if they are already allowed into the compliance price paid at home, and will recognise payments for greenhouse gas removals, according to government rules released on Thursday.
Euro Markets: EUAs lose ground before review, UKAs ease back despite linkage rumours
European carbon prices lost further ground over Thursday trading, as the market continued to anticipate bearish announcements on Friday when the European Commission is due to publish its EU ETS reform proposals, while UK allowances shrugged off Wednesday’s gains as uncertainty remains over a possible timeline to link British and EU carbon markets.
European steel association calls for more free carbon allowances, greater ETS revenue share
The European steel trade body Eurofer wants to see a “significantly slower” phaseout of free carbon allowances from the EU Emissions Trading System (ETS), it said on the eve of the European Commission’s long-awaited reform proposals.
France adopts third national low-carbon strategy, with economy-wide sectoral targets
The French government announced Wednesday it has adopted its third National Low-Carbon Strategy (SNBC 3), setting out sectoral pathways to halve territorial greenhouse gas emissions by 2030 from 1990 levels and reach carbon neutrality by 2050.
Russia requests WTO panel to rule on EU carbon pricing dispute
Russia has asked the World Trade Organization (WTO) to examine its dispute over the the EU ETS and Carbon Border Adjustment Mechanism (CBAM) this month, following initial efforts in 2025.
Brussels approves Czech capacity market, Irish price relief for energy intensives
The European Commission has given the green light to Czechia’s capacity market, designed to secure power supply for the next 10 years, and a €300 million Irish price relief scheme for energy-intensive companies, under EU state aid rules.
UK nationalises British Steel as govt moves to secure strategic steelmaking capacity
The UK government has taken British Steel into public ownership, completing a move ministers said was necessary to protect thousands of jobs, preserve the country’s primary steelmaking capability, and give the state greater control over the future of one of Britain’s most strategically important industrial assets.
Campaigners call for rejection of EU carbon farming certification rules
Environmental groups have called on policymakers to reject the European Commission’s proposed methodologies to certify removals from carbon farming activities, saying they will consider legal action if the rules go through unchanged.
Italy’s Eni urges more American imports in response to fossil fuel crisis
The CEO of Italian energy giant Eni said importing oil and gas from Gulf states and Russia will not be an option for some time, adding that the solution to the EU’s energy shortages and price spikes lies in increasing US and South American imports.
ART TREES publishes concept for Central African Republic, paves way for J-REDD+ issuance
The Architecture for REDD+ Transactions (ART) has published the TREES Concept for the Central African Republic’s jurisdictional REDD+ programme on its registry, marking the first formal step towards potential issuance of jurisdictional forest carbon credits.
Europe’s record heatwave pushes climate adaptation up investor agenda as infrastructure strains mount, investment bank warns
Europe’s record-breaking heatwave is accelerating investor focus on climate adaptation opportunities, as increasingly frequent bouts of extreme weather expose vulnerabilities in the continent’s transport, power, water, and industrial infrastructure while driving growing demand for cooling technologies, a major US investment bank has warned.
Brokerage, advisory form partnership aimed at European carbon market
An environmental markets brokerage is joining forces with an advisory service to expand their European carbon market offering, they announced on Wednesday.
AMERICAS
ANALYSIS: Carbon industry welcomes Brazil’s ITMO draft framework, but criticises timeline, volume limits
Brazil’s long-awaited draft resolution on the authorisation of Internationally Transferred Mitigation Outcomes (ITMOs) has been broadly welcomed as a milestone by the carbon industry, although some warned that its proposed volume cap and 2031 start date risk leaving the country behind in the rapidly-evolving Article 6 market.
End of Amazon Soy Moratorium to cause 1.4 mln ha of deforestation over next decade -study
The end of the Amazon Soy Moratorium is expected to cause at least 1.4 million hectares of additional deforestation in Brazil over the next decade, according to new research.
WCI Markets: CCAs recede from six-month highs
California Carbon Allowance (CCA) futures hit six-month highs near the $34 mark after the state advanced its regulatory effort to update its Cap-and-Invest Program, but receded over the last couple of trading sessions as the market looks towards next month’s Q3 auction, traders said.
Hawaii establishes clean fuel standard starting 2028
Hawaii’s new law creates a clean fuel standard requiring the state to reduce the carbon intensity of transportation fuels by at least 50% from 2019 levels by 2045.
Billions in investment at risk due to Trump administration’s rollback of clean economy policies -report
Following rollbacks under the Trump administration’s One Big Beautiful Bill Act (OBBBA), 223 clean energy, manufacturing, and industrial projects representing over $82 billion in capital investment have been cancelled or stalled, according to a report released by a US advocacy group.
US ranchers’ trust deficit, not economics, is biggest barrier to carbon market participation -study
US ranchers’ willingness to participate in voluntary soil carbon markets is driven more by trust, social acceptance, and previous conservation experience than by income or management objectives, according to new research that found widespread scepticism continues to constrain uptake despite growing interest in carbon farming.
US researchers propose profitable alternative to CO2 sequestration at natural gas plants
A proposed natural gas power process could convert its concentrated CO2 output into carbon monoxide for use in fuels and chemicals, potentially generating a positive return rather than incurring the costs of underground sequestration, according to a new study.
Data centre consumption reaches 2% of global grid, US leads among nations -report
Data centres now consume nearly 2% of global power generation and are likely to outpace renewables growth, according to a new report by a global think tank.
ASIA PACIFIC
Australia Market Roundup: 1.86 mln ACCUs issued as unit holdings climbs to new heights
Some 1.86 million Australian Carbon Credit Units (ACCUs) were issued in June, according to data published Thursday, as unit holdings continue to reach new records.
BRIEFING: NZ’s move to shift to biennial ETS unit, price control settings sees tug-of-war between business, climate groups
New Zealand business groups are urging the government to take what they describe as a balanced approach to its proposed ETS price controls and settings, while others have argued the proposals are shortsighted and not fit for purpose.
India proposes automaker compliance credit trading system under next-generation fuel economy rules
India’s government on Thursday proposed a compliance credit trading system for passenger vehicle manufacturers under draft third-phase Corporate Average Fuel Economy (CAFE-III) rules that would progressively tighten fleet-wide fuel efficiency standards from 2027 while giving automakers greater flexibility in how they comply.
Indian carrier signs sustainable jet fuel deal with refiner
India’s youngest fully operational airline and a state-owned oil marketing company have signed an agreement to develop supply frameworks for sustainable aviation fuel (SAF) at Indian airports, supporting compliance with ICAO’s CORSIA scheme and the country’s wider decarbonisation targets.
South Korea’s megaprojects for AI may lead to surge in emissions, report says
South Korea’s recently launched megaprojects for the semiconductor and AI sectors may create a “black hole” in the country’s carbon budget, according to a new report.
Australian waste‑to‑energy projects higher‑emitting than grid, says study
Waste‑to‑energy projects in Australia are being promoted as renewable and low‑emissions, but a study found the technology is not under federal definitions and it produces higher emissions than the grid.
Western Australian conservation supported A$2.4 bln of economic activity in a year
Nature conservation across Western Australia underpinned A$2.4 billion ($1.7 bln) of economic activity across the state over 2023-24 while supporting ecosystem services and social benefits, according to a report released on Thursday.
VOLUNTARY
Environmental commodities trader raises credit facility to €310 mln
A European environmental commodities trading firm has refinanced and increased its syndicated borrowing base facility to €310 million to support its global trading activities and working capital needs.
CAR launches modular crediting framework, opens nitric acid rules for comment
US-based registry Climate Action Reserve (CAR) launched a modular framework on Thursday and opened a core protocol and India-specific rules for crediting nitrous oxide (N2O) reductions from nitric acid plants for public comment, while approving a corresponding US module.
Fossil fuel emissions could overtake ecosystems as driver of atmospheric CO2 seasonality, researchers predict
Researchers have challenged one of the foundational assumptions underpinning atmospheric carbon monitoring, warning that under strong climate mitigation pathways the seasonal cycle of atmospheric CO2 across the Northern Hemisphere could increasingly reflect declining fossil fuel emissions rather than changes in terrestrial ecosystems.
Major barriers in agricultural nitrogen tracking influencing carbon credit potential– report
Accurate nitrogen data lags behind carbon and methane research, leaving the vital fertiliser compound and polluter under-researched, and the potential profitability of its emissions reduction unreached, according to two US nonprofits
INTERNATIONAL
FEATURE: ICJ climate opinion bolsters need to fulfil NDCs, increase ambitions -legal experts
The International Court of Justice’s (ICJ) landmark climate advisory opinion adds moral and legal weight to the need for countries to deliver on their Paris Agreement goals despite it not being legally binding, experts have told Carbon Pulse.
AVIATION/SHIPPING
Indian carrier signs sustainable jet fuel deal with refiner
India’s youngest fully operational airline and a state-owned oil marketing company have signed an agreement to develop supply frameworks for sustainable aviation fuel (SAF) at Indian airports, supporting compliance with ICAO’s CORSIA scheme and the country’s wider decarbonisation targets.
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