Lawmakers agree to assign country-level default values to producers trying to trick EU CBAM

Published 18:34 on July 2, 2026 / Last updated at 18:34 on July 2, 2026 / / EMEA (Europe), International (CBAM & Tariffs), Net Zero Transition (Industrial Decarbonisation)

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Lawmakers in the European Parliament’s environment committee want to be able to assign country-level emissions values to goods and origins they suspect of trying to circumvent the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a compromise document seen by Carbon Pulse.

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EU urged to back ETS2 with stronger support for vulnerable households

Published 15:38 on July 2, 2026 / Last updated at 15:38 on July 2, 2026 / / EMEA (Europe), Net Zero Transition (Transport & Heating Fuels)

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Europe’s plan to extend carbon pricing to buildings risks leaving millions of vulnerable households behind unless it is matched with major public investment in home renovations and clean heating, researchers and EU officials warned this week.

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DATA DIVE: EU ETS-covered cement and steel emissions slump in H1 2026 as chemicals rebound

Published 15:26 on July 2, 2026 / Last updated at 15:28 on July 8, 2026 / / EMEA (Compliance Markets & Taxes, Europe), Insights (Data Dives), Net Zero Transition (Industrial Decarbonisation)

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Cement and steel emissions fell significantly across the EU in the first half of 2026, data shows, while the chemicals sector saw a rise in impact due to the closure of the Strait of Hormuz restricting Asian and Middle Eastern competition.

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European bank buys SAF to help cut its supply chain emissions

Published 14:56 on July 2, 2026 / Last updated at 14:56 on July 2, 2026 / / EMEA (Europe), International (Aviation/CORSIA), Net Zero Transition (Investment, Reporting & Disclosure, Transport & Heating Fuels)

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A European bank and airline have teamed up to increase to supply the airline with sustainable aviation fuel (SAF), helping to cut the bank’s supply chain emissions. 

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Renewables a ‘geopolitical shock absorber’ and their cost advantage over fossil fuels keeps widening, says IRENA

Published 14:50 on July 2, 2026 / Last updated at 14:50 on July 2, 2026 / / Americas (LATAM & Caribbean, US & Canada), Asia Pacific (Asia, Pacific), EMEA (Africa, Europe, Middle East), Net Zero Transition (Power/Electrification, Transport & Heating Fuels)

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The cost advantage of renewable energy over fossil fuels continues to widen – helping to avoid an estimated $480 billion in fossil fuel-related costs last year and about 8.4 bln tonnes of CO2 emissions – turning clean energy into a “geopolitical shock absorber” during times of energy crisis, said the International Renewable Energy Agency (IRENA) in new analysis.

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Brussels taps ETS cash for €2.5 bln clean energy push in poorer EU countries

Published 13:34 on July 2, 2026 / Last updated at 13:34 on July 2, 2026 / EMEA (Europe), Net Zero Transition (Industrial Decarbonisation, Investment, Reporting & Disclosure, Power/Electrification, Transport & Heating Fuels)

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The European Commission and European Investment Bank (EIB) have released a fresh €2.5 billion tranche from the EU’s Modernisation Fund to support 51 energy-sector projects in 11 lower-income EU member states, using revenues from the EU Emissions Trading System (ETS).

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Germany’s first nEHS carbon allowance auction clears at price ceiling

Published 13:04 on July 2, 2026 / Last updated at 19:33 on July 6, 2026 / / EMEA (Compliance Markets & Taxes, Europe), Net Zero Transition (Transport & Heating Fuels)

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Germany’s national emissions trading system (nEHS) held its first-ever auction of emissions allowances on Wednesday, with demand strong enough to trigger the scheme’s price ceiling and double the volume of permits sold.

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Free EU ETS permits have stifled investments in green steelmaking, non-profit says

Published 11:48 on July 2, 2026 / Last updated at 11:48 on July 2, 2026 / / EMEA (Compliance Markets & Taxes, Europe), Net Zero Transition (Industrial Decarbonisation)

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The allocation of free allowances under the EU’s Emissions Trading System (EU ETS) has acted as a brake on decarbonisation investment by European steelmakers rather than a catalyst for action, according to a new briefing by Steelwatch.

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Carbon standard finalises new bioCCS methodology in bid to align with EU carbon removal framework

Published 11:36 on July 2, 2026 / Last updated at 11:36 on July 2, 2026 / / CO2 Management (CCUS, Engineered Removals), EMEA (Europe), Nature-based Carbon (Other NbS), Net Zero Transition (Industrial Decarbonisation), Voluntary (VCM Governance)

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Rainbow has finalised a methodology for biogenic carbon capture and storage (bioCCS) that directly incorporates requirements from the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, marking one of the first voluntary carbon market methodologies explicitly designed around the bloc’s emerging carbon removal certification framework.

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Malawi eyes carbon markets to help fund its third climate plan

Published 11:18 on July 2, 2026 / Last updated at 11:18 on July 2, 2026 / / EMEA (Africa), International (Paris Article 6/PACM, UN Climate Talks), Net Zero Transition (Industrial Decarbonisation, Investment, Reporting & Disclosure, Power/Electrification, Transport & Heating Fuels)

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Malawi has highlighted carbon markets as one of the financing mechanisms it intends to use to implement a more ambitious third Nationally Determined Contribution (NDC), as the climate-vulnerable African nation seeks to bring in greater domestic and international support for emissions reductions.

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