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
Opinion: Europe’s Carbon Credit Plan Needs A High Bar, Not A Narrow Gate
BeZero Carbon Co-founder Sebastien Cross argues that the EU should apply technology-neutral but highly demanding eligibility criteria to its proposed carbon credit procurement programme. The Commission currently plans to restrict initial domestic removal purchases to BECCS and DACCS, while reconsidering nature-based removals in 2034 and leaving biochar’s status unclear. Cross warns that relying exclusively on costly engineered removals could widen the gap between credit costs and the ETS allowance revenues financing procurement, diverting funds from industrial decarbonisation and household support. Instead, different removal technologies should undergo rigorous, independent and risk-based project assessments, supported where necessary by monitoring, insurance, permanence funds and portfolio management. Cross also cautions against creating an oversized central procurement bureaucracy. He recommends integrating existing market infrastructure, particularly independent carbon ratings and live project-level risk monitoring, into EU workflows. The EU should therefore establish a high integrity threshold while allowing different technologies to compete to satisfy it.
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#EU #EUETS #CarbonRemoval #CDR #BECCS #DACCS #Biochar #NatureBasedRemovals #CarbonRatings #CRCF
EU’s Proposed Carbon Levy On Some Long-Haul Flights Draws Swift U.S. Reaction
The United States has expressed deep concern over a European Commission proposal to impose carbon costs on emissions from certain international flights departing Europe. The proposal would cover flights landing in countries located within 5,000 kilometres of a specified point in central Europe. The threshold was designed to exclude direct transatlantic flights, partly to avoid confrontation with the Trump administration, but Washington warned that it could take appropriate action to protect American consumers and businesses. The dispute echoes an earlier confrontation in 2012, when U.S. opposition forced the EU to retreat from extending its emissions trading system to international aviation. The proposal also raises concerns over its interaction with CORSIA. Fifteen airline CEOs have warned that expanding the EU ETS could undermine CORSIA’s legitimacy, while MSCI estimates that airlines could face up to US$127 billion in cumulative CORSIA compliance costs by 2035.
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#EU #USA #EUETS #CORSIA #AviationEmissions #CarbonPricing #InternationalAviation #ClimatePolicy
Allied nation officials in Taipei to promote carbon credit cooperation
Taiwan hosted senior officials from 11 of its 12 diplomatic allies for the five-day “Co-Carbon Compass Workshop” in Taipei, aimed at strengthening carbon credit cooperation and participation in international carbon markets. Jointly organized by the Ministry of Foreign Affairs and the Industrial Technology Research Institute, the program featured lectures by Taiwanese and international experts on the UNFCCC, the Paris Agreement, carbon market mechanisms and emissions-reduction cooperation. Participants, including officials from Saint Lucia and Guatemala, also visited ITRI, the Ministry of Environment and TaiwanICDF to learn about Taiwan’s climate policies, technologies and international development initiatives. Deputy Foreign Minister François Wu said the workshop would help participating countries build shared knowledge and expertise, providing a foundation for potential bilateral and multilateral cooperation on carbon credits and emissions reduction.
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#Taiwan #CarbonCredits #ClimateCooperation #MOFA #ITRI #ParisAgreement #CarbonDiplomacy
EU Proposes Historic €50B ETS Carbon Removal Compliance Market
The European Commission’s proposed revision of the EU ETS for Phase 5 would establish a centralised mechanism for integrating permanent carbon removals into the compliance market. Rather than allowing emitters to purchase removals directly, the Commission would auction 250 million additional allowances, plus a 10-million-tonne contingency, between 2031 and 2040. Auction revenues would finance an equivalent volume of domestic permanent removals, with annual procurement reaching 48 million tonnes by 2040. Initially, eligibility would be limited to CRCF-certified BioCCS and DACCS, excluding technologies such as biochar pending review. The proposal also provides for up to 260 million international credits from 2036 to 2040, subject to a 2033 review and centralised EU procurement. At an assumed price of €200 per tonne, experts estimate that domestic procurement could create a €50 billion market. However, the proposal remains subject to negotiations involving the European Parliament and Council before becoming law.
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#EUETS #CarbonRemoval #CDR #DACCS #BioCCS #CRCF #ComplianceMarket
Indonesia, Japan Advance Clean Energy Partnership and JCM Carbon Projects
Indonesia and Japan agreed to accelerate Joint Crediting Mechanism projects and expand cooperation on clean energy and low-carbon technologies. During a bilateral meeting between Indonesia’s EBTKE and Japan’s METI, the two sides discussed the Sarulla and Muaralaboh Unit 2 geothermal developments, the Legok Nangka waste-to-energy plant, the Green Ammonia Initiative in Aceh, sustainable aviation fuel, small- and medium-scale nuclear power, and carbon markets. They also expressed an intention to strengthen JCM implementation through potential carbon capture and storage projects and internationally recognized carbon trading. The meeting signals continued government support for mobilizing Japanese technology and investment for Indonesia’s energy transition. However, no new JCM project registration, credit issuance, financing commitment, implementation schedule or credit allocation was announced. The report also does not establish that the two named geothermal projects are themselves JCM projects. Any credits transferred internationally would still require authorization, appropriate accounting and corresponding adjustments under Article 6 of the Paris Agreement.
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#Indonesia #Japan #JCM #Article6 #CarbonMarkets #CleanEnergy #Geothermal #CCS #SAF #GreenAmmonia
Verra Publishes CORSIA Insurance Criteria Checklist
Verra has published a CORSIA insurance criteria checklist to streamline the processing of CORSIA Eligible Label requests submitted through the insurance route. Project proponents must include a completed checklist when evidence that the host country has completed the required corresponding adjustment is not yet available. The checklist helps demonstrate that the relevant Verified Carbon Units are covered by an approved insurance product that complies with Verra’s CORSIA Eligible Label Insurance Criteria and CORSIA Accounting Representation Deeds. If an application relies on multiple insurance policies, proponents must submit a separate checklist for each policy. The document standardizes the review process but does not introduce a new insurance product or replace the corresponding adjustment requirement.
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#Verra #CORSIA #CORSIAEligibleLabel #CORSIAInsurance
EU Drops Stricter Carbon Credit Rules For CORSIA Phase 1, But Maintains Tougher Standards For Phase 2
The European Commission has withdrawn proposed additional quality criteria for CORSIA Phase 1, covering 2024–2026 emissions, while retaining stricter requirements for Phase 2 (2027–2035). The revised approach means Phase 1 credits from High Forest-Low Deforestation projects and cookstove or other projects displacing non-renewable biomass will not be barred under the proposed EU rules. Meeting minutes described the change as a goodwill gesture intended to secure a positive autumn vote. Market participants had expected the shift because little time remains in Phase 1 and eligible supply is constrained. Traders anticipate Phase 2 market fragmentation, with EU-eligible credits carrying a $5–6 per tonne premium. Asian airline RFPs totaling about 700,000 tonnes also boosted purchasing in early July ahead of the Commission’s broader EU ETS review.
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#EuropeanUnion #CORSIA #CORSIAPhase1 #CORSIAPhase2 #HFLD #Cookstoves #EUETS
Agreement reached on multibillion-dollar Pathways carbon capture and storage project
Canada, Alberta and five members of the Oil Sands Alliance signed an agreement to advance the multibillion-dollar Pathways carbon capture and storage project alongside policies supporting oilsands production and a proposed West Coast pipeline. The project would transport captured CO₂ from northern Alberta oilsands facilities to an underground storage hub near Cold Lake. Infrastructure is expected to enter service in stages from January 2032, with completion targeted for 2035 and annual transport and storage capacity of approximately six million tonnes. Canada will extend investment tax credits of 50% for eligible capture equipment and 37.5% for transportation, storage and utilization equipment through 2035, while Alberta will finalize provincial incentives.
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#Canada #Alberta #CarbonCapture #CCUS #OilSands
Indonesia expands forest carbon market to boost green growth
Indonesia is expanding forest carbon trading to support its emissions targets, increase community participation and strengthen its position in global carbon markets. The government has approved forestry carbon units issued by international institutions for carbon trading, supporting the carbon-pricing framework announced at COP30 in 2025. Its forestry strategy includes rehabilitating 12.3 million hectares of degraded land and forests, sustainably managing 48.9 million hectares of production and protected forests, and strengthening 8.3 million hectares of social forestry. Indonesian forests could potentially generate 13.4 billion tons of carbon dioxide equivalent in carbon credits between 2024 and 2050. The policy also enables social forestry groups, including Indigenous communities, to participate in carbon markets and create new income opportunities while supporting Indonesia’s NDC and FOLU Net Sink 2030 targets.
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#Indonesia #ForestCarbon #NDC #FOLUNetSink2030 #COP30
Brussels Sets First Carbon Farming Certification Rules Under New Regulation
The European Commission has adopted its first technical certification methodologies for carbon farming under the EU Carbon Removals and Carbon Farming Regulation. The delegated act covers three categories: agriculture and agroforestry on mineral soils, the rewetting and restoration of peatlands and other organic soils, and afforestation. The methodologies translate the regulation’s general quality criteria into detailed technical requirements that farmers, foresters and land managers must meet to obtain certification. Once the delegated regulation enters into force, certification schemes will be able to apply for recognition of compliance and begin certifying eligible activities across EU member states. Developed through public consultation and input from the Expert Group on Carbon Removals, the rules are also intended to enhance climate resilience, biodiversity, ecosystem services, and long-term food and biomass security. By establishing a consistent and trusted certification framework, the Commission expects the methodologies to help land managers access new income streams from sustainable practices and strengthen carbon farming’s role in EU climate policy.
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#EU #CRCF #CarbonFarming #CarbonRemovals #Agriculture #Agroforestry #Afforestation #Peatland #SoilCarbon