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Italy calls for new EU ETS 'fallback' benchmarks to apply retroactively
Italy has urged the EU to introduce new, softer sector-specific benchmarks that determine the number of free CO2 permits industries receive from 2027, saying it wants these changes applied retroactively to 2026 as well. Read MoreTop
Axing MSR 'invalidation clause' risks new oversupply shock in EU carbon market, watchdog warns
Carbon Market Watch has urged EU lawmakers to reject a European Commission plan to scrap the EU ETS Market Stability Reserve’s invalidation rule, warning it would “neutralise” the reserve’s core function and risk a new period of structural oversupply and depressed carbon prices. Read MoreTop
Futures fall as Q2 RGGI auction clears well below secondary prices, RGGI states say they'll begin affordability process
The Q2 RGGI carbon auction cleared nearly $9 below secondary market prices ahead of the sale, sending futures prices plunging on ICE Friday morning as participating states said they intend to begin a process for considering targeted measures to protect energy affordability and reliability. Read MoreTop
Supply chain, financing pressures keep corporate carbon accounting in play despite broader ESG pullback -panellists
Companies are continuing to use GHG accounting to guide investment, procurement, and emissions reduction decisions despite a more uncertain North American disclosure landscape, as climate risk, financing needs, customer demands, and supply chain pressure keep emissions data on the corporate agenda, panellists said on Thursday. Read MoreTop
France seeks allies to stop EU ETS extension to international flights
France is trying to rally other EU governments to oppose the extension of the EU Emissions Trading System (ETS) to flights departing the bloc, and plans to raise the issue at a ministerial meeting on Monday, Carbon Pulse understands. Read MoreTop
Brussels approves Lithuania’s €884 mln social climate plan, backed by ETS revenues
The European Commission has endorsed Lithuania’s Social Climate Plan, making it the second country after Sweden to secure approval under the EU’s Social Climate Fund, which is designed to cushion the impact of extended carbon pricing on households and small businesses. Read MoreTop
Multilateral forest facility’s investment arm finds host in Luxembourg
The investment arm of the Brazilian COP30 presidency’s flagship Tropical Forest Forever Facility (TFFF) will be hosted in Luxembourg, the TFFF’s newest contributor, it was revealed Friday. Read MoreTop
US bank signs second carbon removal deal with bio-oil developer
A large US bank has signed its second carbon removal offtake deal with a developer of bio-oil projects, bringing its total commitment with the company to 90,000 tonnes. Read MoreTop
Lawmakers see final deal on EU ETS Market Stability Reserve in September
A centrist alliance in the European Parliament is pushing to adopt their position on the revision of the EU ETS Market Stability Reserve (MSR) in September, paving the way for a final deal with EU member states in the same month. Read MoreTop
Newly-launched forest conservation finance vehicle seeks $50 mln for community-led projects
A forest finance facility launched Friday is targeting an initial $50 million raise to provide early-stage and continuity capital for Indigenous and traditional community-led forest conservation projects. Read MoreTop
INTERVIEW: EEX will stop REPowerEU carbon auctions once €20 bln target is hit, CEO confirms
The EEX exchange will stop auctioning carbon allowances to fund the bloc’s plan to exit Russian fossil fuels as soon as the €20 billion target is hit, the CEO of the exchange told Carbon Pulse, which could mean around 20 million fewer allowances are auctioned in 2026 than currently scheduled, assuming EUA prices remain at their current levels. Read MoreTop
Euro Markets: EUAs post 4.6% weekly loss despite Friday consolidation amid macro weakness
EU carbon prices posted their first weekly loss since the start of May, even as the market consolidated on Friday and only posted a modest 0.2% decline amid wider weakness across many asset classes, after early dip-buying had brought prices back from a two-week low. Read MoreTop
CN Markets: CEA trading price remains rangebound, analysts forecast June dip
Trading in the Chinese emissions market remained rangebound this past week amid a lack of policy updates, with analysts projecting the bid price to dip below the RMB 80 ($11.81) threshold in June. Read MoreTop
FEATURE: ICAO decision to block Zimbabwe credits reveals a disconnect with Paris Agreement rules
The news that Zimbabwe’s carbon credits are barred from the international aviation offsetting scheme CORSIA has sparked concerns elsewhere in Africa of a disconnect between Paris Agreement and ICAO rules – and may dissuade others from following a similar model for their national carbon registries. Read MoreTop
