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ANALYSIS: Market preps for ETS reforms that slow the cap's decline, but new industrial support vehicle still "a major unknown"
Market analysts are preparing for a European Commission reform proposal that would significantly slow the EU Emissions Trading System (ETS) cap reductions after 2030 – but looming uncertainties, especially on how support for industry will interact with existing market mechanisms, is raising concerns of a bearish shock upon Friday's announcement. Read MoreTop
California power emissions remain stable in May YoY, natural gas continues to fall
California’s power emissions stayed stable at nearly 2 million tonnes of CO2 year-on-year (YoY) in May, according to the latest release of the GHG emissions tracking report by the California Independent System Operator (CAISO).  Read MoreTop
Greens push centrist coalition to defend EU ETS in European Parliament
Green lawmakers are pressing for a broad centrist coalition in the European Parliament to fast‑track a new overhaul of the EU Emissions Trading System (ETS), warning that conservative attempts to weaken the carbon market’s trajectory risk derailing the EU’s goal to reach a quick agreement on the file, before the end of Q1 next year. Read MoreTop
Developer expands orphaned well methane projects into Colorado, Wyoming with acquisition
A Chicago-headquartered carbon project developer has acquired a Colorado-based well-plugging company, expanding its pipeline of methane abatement projects into Colorado and Wyoming. Read MoreTop
UPDATE - Austrian asset manager delivers its first CORSIA Phase 1-tagged carbon credits
A Vienna-headquartered carbon asset manager has delivered its first credits tagged as eligible under the first compliance phase of CORSIA under a $1 million offtake agreement, it announced on Wednesday. Read MoreTop
Nature-based developer, Japanese utility look to generate carbon credits in Tanzania
A developer of nature-based carbon removals is teaming up with a Japanese power company to develop projects in Tanzania under the Japan's Joint Crediting Mechanism (JCM), it announced on Wednesday. Read MoreTop
BRIEFING: LNG emerges as short-term winner in shipping decarbonisation race, despite climate concerns
Shipping industry executives and campaigners are clashing over the best pathways to net zero emissions, sketching out a fragmented decarbonisation landscape where liquefied natural gas (LNG), green hydrogen-based fuels, and electrification will coexist for decades depending on the route, segment, and regulation. Read MoreTop
UPDATE - Centre-right EPP group to lead EU carbon market reform talks in European Parliament
The centre-right European People’s Party (EPP) MEP Peter Liese will lead EU Parliament talks on the upcoming revision of the EU Emissions Trading System (ETS) while a related proposal on free allocation benchmarks will be negotiated by Polish EPP member Adam Jarubas, Liese confirmed on Wednesday. Read MoreTop
Euro Markets: UKAs climb over 3% on linkage news, EUAs ease as funds cut length ahead of review
European carbon prices eased back on Wednesday, as investment funds cut their overall net length in the leadup to Friday's EU ETS reform package presentation, while UK allowances rose steeply in the afternoon after comments from an influential EU MEP suggested an agreement to link the EU and UK ETS's could be signed next week. Read MoreTop
EU plans decade-long €30 bln ETS Investment Booster to back industrial decarbonisation -Bloomberg
The European Commission is set to propose allowing companies up to 10 years to receive support under a new €30 billion industrial decarbonisation scheme funded through the EU Emissions Trading System (EU ETS), people familiar with the plans told Bloomberg. Read MoreTop
SBTi seeks views on latest draft net zero standard for power sector
The Science Based Targets initiative (SBTi) has opened a second consultation on its net zero standard for the power sector, which lines up with the initiative's new corporate standard and provides more clarity on the emissions and activities it would cover. Read MoreTop
Polish power lobby wants greater flexibility for EU Modernisation Fund investments
EU member states should have greater control over the money they receive from the ETS-financed Modernisation Fund, the Polish electricity association said Wednesday. Read MoreTop
Green Climate Fund changes raise more cash from same balance sheet
Reforms of the UN's Green Climate Fund (GCF) will make it possible to provide another $4 billon of financing for new projects starting in October, the fund announced on Wednesday. Read MoreTop
EU27 hit with infringement procedures for failing to adopt laws on energy use in buildings
The European Commission is calling on all 27 member states to put the EU's policy on the energy performance of buildings into national law, after they all missed deadlines in Jan. 2025 and this past May, it announced on Wednesday. Read MoreTop
