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
PLN Indonesia Power, South Pole Explore Expanded Carbon Market and Decarbonization Partnership
PLN Indonesia Power and South Pole are exploring an extension of their carbon trading partnership for the Gunung Salak geothermal power plant. This collaboration allows the Indonesian state-owned utility to issue and sell verified carbon credits from its renewable energy projects, creating a new revenue stream beyond electricity generation. By effectively monetizing these green assets, the initiative supports the company’s broader decarbonization strategy and accelerates Indonesia’s transition toward a sustainable, low-carbon economy.
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#SouthPole #Indonesia #CarbonCredits #GeothermalEnergy #RenewableEnergy #ClimateFinance #BeyondEnergy
Sumitomo Mitsui Banking Corp Invests In Deep Sky To Support DAC And CDR In Japan
Sumitomo Mitsui Banking Corporation (SMBC) has made a strategic investment in Montreal-based Deep Sky, marking its first-ever funding allocation under its Social Value Creation Investment Fund into the CDR and DAC sectors.The investment aims to leverage Deep Sky’s project development and CO2 storage expertise to secure high-quality carbon removal credits, establishing a vital Japan-Canada carbon removal corridor. SMBC will utilize these market and technological insights to support its corporate clients’ decarbonization strategies and expand Japan’s domestic carbon ecosystem.
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#SumitomoMitsuiBankingCorporation #DeepSky #CarbonRemoval #DAC #CDR #GreenFinance #NetZero #ClimateTech
Amazon Opens Carbon Credit Service to UK Companies Pursuing Net-Zero Targets
Amazon has expanded its carbon credit service to the UK, marking its first international market outside the United States since its 2025 launch. Available through Amazon’s Sustainability Exchange, the service provides vetted climate credits and supply-chain decarbonisation tools (such as fuel insets) to help businesses address residual emissions.
To qualify, UK companies must maintain a net-zero target for 2050 or earlier covering Scope 1, 2, and 3 emissions, while publicly reporting their greenhouse gas data. Early adopters include Co-op Live and euNetworks.
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#Amazon #CarbonCredits #Scope3 #NetZero #UK #Decarbonisation #SupplyChain #CoOpLive #euNetworks
Brookfield and Foxconn form renewable energy partnership in Vietnam
Global investment firm Brookfield has partnered with Foxconn to develop up to 1 GW of utility-scale wind, solar, and battery capacity in Vietnam. Funded via Brookfield’s Catalytic Transition Fund, the projects will be backed by long-term power purchase agreements (PPAs). This collaboration aims to secure a stable, cost-effective, and renewable energy supply for Foxconn’s expanding regional operations and supply chain. The initiative highlights rising corporate demand for clean energy in Southeast Asia amid Vietnam’s evolving direct PPA framework.
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#Brookfield #Foxconn #Vietnam #RenewableEnergy #PPAs #DPPA #SupplyChain #ClimateFinance
American Airlines and Google sign record-breaking sustainable aviation fuel agreement
American Airlines and Google have signed a record-breaking agreement for 35 million gallons of sustainable aviation fuel certificates (SAFc) over three years. Marking the largest publicly announced SAFc deal between an airline and a single corporate customer, it will reduce emissions by nearly 300,000 metric tons. Supported by an Illinois SAF tax credit, American will receive the physical fuel at Chicago O’Hare, while Google utilizes the environmental benefits for business travel emissions, signaling strong corporate demand to catalyze the market.
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#AmericanAirlines #Google #SAFc #SustainableAviationFuelCertificates #Scope3 #AviationDecarbonization #ClimateTech
Airline CEOs warn EU plan to expand carbon costs will raise fares
European airline CEOs, including leaders from Air France-KLM, Lufthansa, IAG, and Ryanair, have urged the EU not to extend its Emissions Trading System (ETS) to international flights. They warn that expanding carbon pricing beyond the European Economic Area will increase airfares and cargo costs. The industry argues this move undermines CORSIA, the UN’s global emissions scheme. However, the European Commission believes the expansion ensures fair competition and doubts CORSIA alone can effectively achieve Europe’s climate goals.
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#Airlines #EUETS #CORSIA #AviationIndustry #CarbonPricing #AirFranceKLM #Lufthansa #IAG #Ryanair #EuropeanCommission #ClimatePolicy #EmissionsTrading #Sustainability
Nest Backs Climate Innovation with £200 Million Investment Through IFM Alliance
Nest, a major pension scheme in the UK, has invested £200 million in climate technology through its partnership with IFM Investors. This funding backs businesses and infrastructure projects driving global decarbonisation, particularly within the UK. While the pension fund declined to disclose expected returns, this commitment aligns with its broader plan to invest £5 billion through IFM by 2030. The move highlights how large pension funds are increasingly financing sustainable innovations to support the global energy transition while securing members’ returns.
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#Nest #IFMInvestors #ClimateTech #PensionFund #Decarbonisation #UKInfrastructure #ClimateFinance
Stockholm emerges as key buyer of removal credits with bioenergy carbon capture deal
Stockholm has become the world’s fifth-largest buyer of permanent carbon removal credits after signing a 15-year agreement with Stockholm Exergi for 50,000 mt/year from its BECCS facility. The credits will help offset hard-to-abate emissions from construction materials and wastewater treatment as the city pursues climate-positive status by 2030 and fossil-fuel-free operations by 2040. Stockholm Exergi’s BECCS plant, scheduled to begin operations in 2028, will capture 800,000 mt/year of CO2 from biomass combustion and permanently store it beneath the North Sea near Bergen, Norway. The project is funded through government support and carbon removal credit sales. The agreement further strengthens growing demand for engineered carbon removals in voluntary carbon markets.
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#Stockholm #StockholmExergi #BECCS #CarbonRemoval #CDR #Sweden #Norway
Econetix And SmartestEnergy Partner On CORSIA Carbon Credits
Econetix has signed a multi-million dollar forward supply agreement with SmartestEnergy to provide CORSIA-eligible carbon credits for aviation and corporate buyers. The credits will come from certified projects in Africa, including improved cookstove and solar lamp initiatives in the Democratic Republic of the Congo. SmartestEnergy, part of Japan’s Marubeni Group, will distribute the credits through its global trading network. Econetix said the agreement strengthens its position in the growing market for CORSIA-compliant credits, as airlines prepare for stricter international offsetting requirements. The company is developing more than ten projects across Africa and managing the full CORSIA value chain, including Article 6 approvals, corresponding adjustments, and registry labelling.
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#CORSIA #Econetix #SmartestEnergy #Marubeni #Article6 #CorrespondingAdjustments #Cookstoves #SolarLamps
Lufthansa Group Revamps Carbon Offset Portfolio with Tech Focus
Lufthansa Group has revamped its climate protection portfolio by increasing the share of technology-based carbon removal projects and introducing DACCS projects for the first time. The updated portfolio includes 14 projects certified under high-integrity standards, with removal projects now accounting for 20% of the portfolio, double the previous share. The remaining projects focus on emissions avoidance initiatives such as efficient cookstoves and biogas systems. Lufthansa is collaborating with partners including Climeworks, Deep Sky, Airbus, and 1PointFive to support long-term carbon removal technologies. In 2025, passengers supported projects covering more than 710,000 metric tonnes of CO₂ through Lufthansa’s sustainable travel options, representing a 20% increase compared with the previous year.
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#Lufthansa #DACCS #CarbonRemoval #CarbonRemoval #Aviation #CDR