Market Updates
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© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© Copyright – Welhunt Materials Enterprise Co. Ltd.
Disclaimer/Terms conditions
Singapore, Thailand launch applications for carbon credit projects: MTI
Singapore and Thailand have launched applications for carbon credit projects under their bilateral implementation agreement, advancing the operationalization of Article 6.2 of the Paris Agreement. The initiative enables developers to submit projects that may generate internationally transferred mitigation outcomes (ITMOs), subject to host country authorization and corresponding adjustments. The credits are expected to support Singapore’s carbon tax system, creating a direct link between supply and compliance demand. The development highlights a maturing cross-border carbon market structure and reinforces Southeast Asia’s growing role in supplying high-integrity, policy-aligned carbon credits.
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#Article6.2 #ITMO #Singapore #Thailand #CarbonTax #CorrespondingAdjustments
Japan proposes removal of the “global carbon tax” scheme
Japan has proposed removing the global carbon tax scheme under discussion at the International Maritime Organization, signaling growing divisions over how to decarbonize the shipping sector. The proposal reflects concerns about the cost burden such a levy could impose on international trade and shipping operators. Instead of a universal tax, Japan is advocating for alternative approaches, potentially including market-based mechanisms or flexible compliance tools. The debate highlights the lack of consensus among IMO member states on carbon pricing design and underscores ongoing uncertainty for maritime stakeholders as global regulations continue to evolve.
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#IMO #NZF #GlobalCarbonTax #Japan #LowCarbonTransition
India’s Carbon Market Portal Goes Live as Carbon Credit Trading Nears
India has launched its national carbon market portal, marking a key step toward its domestic carbon trading system under the CCTS. The platform will support registration and future trading as India builds its compliance market. In parallel, the country is also developing a voluntary carbon market, allowing a broader range of projects to generate tradable […]
EU carbon rules to hit Korean exports from 2031
The EU’s Carbon Border Adjustment Mechanism (CBAM) is expected to significantly impact South Korea’s export-oriented industries, particularly steel and manufacturing, by imposing carbon costs on embedded emissions. At the same time, the EU is gradually phasing out free allowances under the EU ETS, increasing compliance costs for both domestic and foreign producers. This dual policy […]
EU eyes energy tax cuts, subsidies to ease Iran war impact
The EU is considering temporary measures, including energy tax cuts, subsidies, and lower grid fees, to mitigate the impact of soaring energy prices triggered by the Iran conflict. The proposals aim to support households and energy-intensive industries while maintaining long-term decarbonization goals. The European Commission is also exploring the use of ETS revenues, with a €30 billion investment package to support the energy transition. However, divisions remain among member states over potential adjustments to the ETS framework, highlighting growing tension between climate policy and economic competitiveness.
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#EUETS #EUETS #Decarbonization #EnergyCrisis
MOU on exchanges in climate finance finalized
Taiwan is advancing its carbon market development through the Taiwan Carbon Solution Exchange (TCX), which recently signed an MoU with the Central American Bank for Economic Integration (CABEI) and introduced international carbon credits from the American Carbon Registry (ACR). These developments signal early steps toward integrating Taiwan into global carbon markets. However, with carbon fee regulations still evolving and international credits not yet eligible for compliance use, a gap remains between market infrastructure and policy implementation. The move highlights Taiwan’s gradual transition toward a more internationally connected carbon market.
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#TaiwanCarbonPolicy #CarbonFee #CarbonPricing #ClimatePolicy #Decarbonization #NetZeroTaiwan
EU officially adopts the 2040 climate target, postpones ETS 2 by one year
The EU has formally adopted its 2040 climate target, committing to a 90% reduction in greenhouse gas emissions from 1990 levels as part of its pathway to net zero by 2050. At the same time, the EU announced a one-year delay to the launch of ETS 2, now scheduled for 2028, with auctioning to begin in 2027.
ETS 2 will expand carbon pricing to sectors such as buildings and road transport, marking a significant extension of the EU’s carbon market into consumer-facing emissions. The delay reflects concerns over energy affordability and social acceptance, highlighting the EU’s effort to balance climate ambition with economic realities.
The framework also signals a potential future role for limited high-quality international carbon credits from 2036, although these will remain outside EU ETS compliance. Overall, the development reinforces the EU’s long-term decarbonization trajectory while introducing greater structural complexity to carbon market design.
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#EUClimatePolicy #ETS2 #CarbonPricing #NetZero2050 #CarbonMarkets #ClimateRegulation
Legal framework set up for domestic carbon exchange
Vietnam has established a legal framework for its domestic carbon exchange, marking a key step toward launching a national carbon market. The framework defines rules for carbon credit issuance, trading, and market oversight, with a phased rollout starting from pilot operations. Under the decree, the Hanoi Stock Exchange will operate the trading system, the Vietnam Securities Depository and Clearing Corporation will handle custody and settlement, and the Vietnam Stock Exchange will oversee overall market supervision. The structure formalizes Vietnam’s carbon market infrastructure and supports its integration into regional and global carbon trading systems.
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#Vietnam #ETS #CentralisedModel #HanoiStockExchange #VietnamSecuritiesDepository #DomesticCarbonTrading
Washington, California and Québec take the next step towards linking carbon markets by releasing draft agreement
Washington State, California, and Québec have released a draft agreement for public consultation to advance the potential linkage of their carbon markets, marking a key step toward regional integration in North America. The proposal outlines efforts to align program design elements, including emissions caps, auction mechanisms, compliance rules, and market oversight. If finalized, the linkage could expand market size, enhance liquidity, and improve price stability across jurisdictions. Building on the existing California–Québec system, the initiative reflects growing momentum for regional carbon market cooperation and offers a potential model for scaling carbon markets globally.
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#CarbonMarkets ##CarbonMarkets #CapAndTrade #ETS #ComplianceMarket
Carbon Markets Deliver First Results: Climate Policies Cut 3.1 Gigatons, First Paris Credits Issued by UN
The UN has issued its first carbon credits under Article 6.4 of the Paris Agreement, marking a major milestone in establishing a globally governed carbon crediting mechanism. The issuance signals the transition of Article 6.4 from a regulatory framework to an operational system, with the potential to bridge voluntary and compliance markets. While the development strengthens the role of UN-backed credits, questions around credit quality and the legacy of CDM projects remain key considerations for market participants.
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#Article6 #A6.4er #PACM #UNFCCC #Cookstove #Myanmar