Market Updates
© Copyright – Welhunt Materials Enterprise Co. Ltd. | Disclaimer/Terms conditions
© 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
Econetix Closes Million-Dollar CORSIA Deal As Airlines Race To Secure Eligible Credits
Econetix completed its first delivery of CORSIA Phase 1-tagged credits to a major international commodity trading house, fulfilling a million-dollar offtake agreement signed earlier in 2026. The company did not disclose the buyer, delivered volume, project, price or delivery schedule. Econetix said the transaction demonstrates its ability to move credits from an Article 6-authorized project portfolio through registry tagging and commercial delivery as airlines and traders seek supply ahead of the January 2028 cancellation deadline. Its next project in the pipeline is a Rwanda cookstove initiative expected to deliver 1.3 million CORSIA Phase 1-eligible credits. Econetix said its portfolio complies with Tool 33 requirements and is supported by host-country Letters of Authorization, under which corresponding adjustments are intended to prevent the same emission reductions from being counted toward both CORSIA use and host-country climate targets.
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#Econetix #CORSIA #CP1 #CEEUs #OfftakeAgreement #Article6 #CorrespondingAdjustment #Cookstoves #Rwanda #Aviation
BEClimate and Xpansiv Launch BEVerify Registry To Bring Carbon Credits To Buildings
BEClimate has launched BEVerify, a dedicated registry designed to connect building decarbonization projects with global carbon markets. Developed by BEClimate, powered by Quidos and delivered with Xpansiv, the platform aims to unlock finance for energy-efficiency upgrades in schools, care homes and commercial properties, where energy savings alone often fail to justify upfront costs. BEVerify converts verified improvements in building performance into auditable carbon assets, allowing owners to include carbon-credit revenue in project economics from the outset. Its digital measurement, reporting and verification system uses continuous asset-level monitoring and has demonstrated reduction-to-issuance times measured in minutes rather than months. The automated verification model is intended to reduce administrative delays while preserving a traceable digital audit trail. Combining BEClimate’s built-environment methodology with Xpansiv’s cloud-native, API-driven registry infrastructure, BEVerify is designed to support audit-grade traceability and interoperability with other registries and emerging Article 6 and CORSIA programs, while offering buyers tangible, localized emissions reductions.
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#BEClimate #BEVerify #Xpansiv #Quidos #Buildings #Dmrv
Google, McKinsey, Tencent invest in Indonesia carbon removal
Thryve.Earth secured its first corporate carbon removal offtake commitments through separate 10-year agreements involving Google and McKinsey, through the Symbiosis Coalition, and Tencent. Google and McKinsey will jointly purchase more than 335,000 tonnes of removals, while Tencent committed to 300,000 tonnes in its first carbon removal offtake outside China. The removals will come from Thryve’s project to restore 6,000 hectares of degraded land in Sulawesi, Indonesia. The project will use a multilayer agroforestry system combining sugar palms and timber trees with fruit, coffee and annual crops. The model aims to sequester carbon, replenish soils, reduce fire risks and increase biodiversity while diversifying local farmers’ income. Thryve said the long-term commitments provide the volume and price certainty needed to raise financing and expand the project.
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#Google #McKinsey #Tencent #ThryveEarth #SymbiosisCoalition #CarbonRemoval #Agroforestry #Indonesia #NBS
The System That Removes Carbon and Makes Cleaner Fuel at the Same Time
Tencent’s CarbonX Program is supporting Parallel Carbon as it advances an integrated system that combines direct air capture with clean hydrogen production. Its membrane-free electrolyser produces hydrogen while generating the acids and bases required to release concentrated CO₂ from mineral sorbents and regenerate the capture material. This integration could create two revenue streams and reduce carbon removal’s dependence on credit sales alone. The hydrogen may support fertilizer, lower-carbon shipping fuels and sustainable aviation fuel, while captured atmospheric CO₂ must be permanently stored to qualify as carbon removal. Parallel Carbon plans to begin commissioning and testing Project Tsavorite in Kenya in 2027, using local renewable electricity and potentially storing CO₂ through mineralisation in basalt formations. Tencent has provided grant funding and helped establish local partnerships. However, the project remains at the demonstration stage, and its commercial-scale costs, net removal efficiency, operating performance, lifecycle emissions and monitoring arrangements have yet to be demonstrated under field conditions.
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#Tencent #CarbonX #ParallelCarbon #DAC #CarbonRemoval #CleanHydrogen #Kenya #GreenAmmonia #SAF
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