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EU member states agree to extend CBAM to downstream sectors from 2028
EU member states agreed on Friday to extend the bloc’s Carbon Border Adjustment Mechanism (CBAM) to downstream goods from Jan. 2028, while tightening the conditions for temporarily exempting products and broadening the list of goods covered. Read MoreTop
ANALYSIS: New SBTi corporate climate standard offers path to scale nature-based carbon finance, even if onus is on tech-based removals
Nature-based solutions deserve stronger support in the newly released Science Based Targets initiative's (SBTi) Corporate Net-Zero Standard Version 2.0, though they still have a clear pathway to scale, according to some carbon market stakeholders, who pointed to the standard's prioritisation of engineered removals to help companies tackle hard-to-abate emissions later down the line. Read MoreTop
EU food sector seeks more ETS revenues to back 85% emissions cut potential
Europe’s food and drink industry could cut greenhouse gas emissions by 85% from 2020 levels by 2050, exceeding the reductions required under science-based guidance, but only if policymakers channel more carbon pricing revenues and targeted support into low-carbon technologies, according to a sectoral net zero roadmap presented in Brussels on Thursday. Read MoreTop
Netherlands retires 7k carbon removal credits in record transaction for state govt
The Dutch government has retired nearly 7,000 tonnes of durable carbon removal credits to compensate for emissions generated by official government flights, marking what is believed to be the largest retirement of durable carbon removal credits by a government entity to date. Read MoreTop
UK govt confirms imminent 2026 ETS auction calendar change for maritime inclusion
The 2026 UK Emissions Trading Scheme (UK ETS) auction calendar will be updated to reflect the inclusion of domestic maritime emissions once the regulation enabling the scope expansion comes into force in July, the government confirmed late on Friday. Read MoreTop
SB64: EU hopes CORSIA will use PACM as guide to ensure Paris alignment, advisor says
The EU is hopeful that the UN’s CORSIA offsetting scheme for airlines will look at the Paris Agreement Crediting Mechanism’s (PACM) direction of travel and explore potential revisions, a policy advisor to the European Commission said Friday, as aviation stakeholders await a decision on whether the bloc will expand its ETS to cover extra-European flights. Read MoreTop
PACM could scale carbon crediting beyond projects, but rule gaps remain -report
The Paris Agreement Crediting Mechanism (PACM) could help carbon markets move beyond individual projects and deliver mitigation at scale, but regulators still need to close key methodological, governance, and demand gaps, according to a report released Tuesday. Read MoreTop
Colombian carbon standard opens consultation on revised biochar methodology
A Colombian carbon crediting standard has opened a public consultation on a revised biochar methodology, with updates aimed at strengthening rules on biomass eligibility, permanence, leakage, uncertainty, and long-term storage. Read MoreTop
SB64: Civil society groups urge COP31 hosts to lead fossil fuel transition
A coalition of civil society organisations from Turkiye, Australia, and the Pacific has urged the incoming COP31 presidency team to use this year’s UN climate summit to accelerate the transition away from fossil fuels. Read MoreTop
INTERVIEW: War pushes carbon insurers to pause cover in parts of Middle East
Armed conflict and policy uncertainty are making parts of the international carbon market harder to insure just as the EU looks to lean more on overseas credits, according to Bilal Hussain, co-founder and CEO of carbon credit insurer Artio. Read MoreTop
Scientists say 15% of global warming lies outside Kyoto-era climate ‘basket’, urge overhaul
Climate policies are overlooking up to 15% of global warming because they focus on a decades-old "basket" of greenhouse gases while ignoring other pollutants that indirectly heat the planet, according to a new paper. Read MoreTop
Euro Markets: EUAs give up early gains to end the week flat, as gas slumps 6% on Friday
European carbon prices gave up early momentum on Friday, generated by an overnight US government statement that an agreement had nearly been reached with Iran to open the Strait of Hormuz, which pressured gas prices around 6% lower, though the supportive sentiment faded as the session went on for EUAs which ended the week flat, with several market players doubtful that the deal would be signed in the next few days. Read MoreTop
CN Markets: CEAs hold above RMB 80 mark, block trade price softens
China's carbon allowance prices have maintained their position above the RMB 80 ($11.81) threshold for a fourth consecutive week, yet upward momentum is stalling as block trade activity softens and the market awaits the finalised power sector allocation plan. Read MoreTop
Oil and gas industry says reprieve from EU methane rules "helpful but insufficient"
Industry groups have welcomed the European Commission’s draft move to ease penalties on fossil fuel importers that breach the EU Methane Regulation (EUMR), but warn the soft-law approach falls short of the legal overhaul they say is needed to avoid widespread non-compliance and energy supply risks. Read MoreTop
