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
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
Italy and other EU countries call for ETS review
Ministers from 11 EU member states, led by Italy, have called for a major review of the EU Emissions Trading System (ETS) to improve price stability, protect energy‑intensive industries, and support investment in clean technologies. They argue that excessive price volatility and reduced free allowances risk undermining industrial competitiveness. The group has urged the European Commission to reconsider emissions benchmarks, quota allocation, and coordination with the Carbon Border Adjustment Mechanism (CBAM). The next ETS review is expected in July, amid broader concerns over energy costs and market predictability.
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#EUETS #Italy #ClimatePolicy #CarbonMarket #CBAM #IndustrialCompetitiveness
UN Supervisory Body Unveils New Roadmap To Advance Article 6 Implementation
The UN Article 6.4 Supervisory Body has agreed on an accelerated plan to operationalize the Paris Agreement Crediting Mechanism, shifting from rule‑making to delivery. The focus is on developing robust methodologies and practical tools to ensure emissions reductions are real and verifiable, particularly in high‑demand sectors. The meeting also advanced CDM transitions, registry design, and accreditation processes. UN officials say the move provides predictability and confidence as international carbon markets move toward implementation in 2026.
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#UnitedNations #Article6 #ParisAgreement #CarbonMarket #CDM #ClimatePolicy
Kenya launches a carbon registry to boost climate finance and credibility
Kenya has launched a national carbon registry to boost transparency, prevent double counting, and position itself as a hub for high‑integrity carbon credits. The system, aligned with Paris Agreement rules, tracks project approvals, emissions reductions, and credit transfers. With over 80 project proposals already submitted, Kenya aims to attract more climate finance while ensuring communities benefit. Officials say the registry strengthens governance and investor confidence, helping Africa capture a greater share of global carbon market investment.
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#Kenya #CarbonRegistry #CarbonMarket #Article6 #Transparency #ClimateFinance
European carbon prices slide as Germany’s Merz says EU ETS may need revamping
European carbon prices dropped to six‑month lows after German Chancellor Friedrich Merz said the EU ETS should be revised or postponed if it harms industrial competitiveness. EUAs fell to €73/mtCO₂e amid mounting political pressure to ease carbon costs, with leaders from Germany and the Czech Republic calling for reforms or price caps. High energy and carbon costs have intensified industry concerns ahead of the EU summit, signalling broader willingness to slow the pace of EU climate policy. The discussion will take many months to find a landing zone, but many favor a less tight carbon market and lower prices.
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#EUETS #CarbonMarket #EU #CarbonPrice #ClimatePolicy #IndustrialCompetitiveness
Trump revokes landmark ruling that greenhouse gases endanger public health
President Trump revoked the 2009 EPA endangerment finding, arguing it harmed the U.S. auto industry and raised consumer prices. The administration claims the rollback will cut automaker costs by $2,400 per vehicle and reduce regulatory burdens. Critics warn it will increase pollution, fuel expenses, and health risks. Environmental groups plan legal challenges, while experts say the move creates uncertainty for U.S. carmakers and may disadvantage them in global markets requiring higher efficiency standards.
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#UnitedStates #Trump #ClimatePolicy #GHG #RegulationRollback #AutoIndustry
India will support steel exports hit by Europe’s carbon tax, federal secretary says
India’s steel exports will remain under pressure as the EU’s Carbon Border Adjustment Mechanism (CBAM) and import quotas continue to impose costs on carbon‑intensive products. Although a new India‑EU trade deal reduced tariffs in other sectors, CBAM was left unchanged. With nearly two‑thirds of India’s steel exports going to Europe, volumes are expected to fall, prompting mills to seek buyers in Africa and the Middle East. India’s federal steel secretary said the government will take measures to support affected exporters.
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#India #CBAM #Steel #CarbonTax #TradePolicy #EU #ClimatePolicy
EU launches world’s first voluntary carbon removal standards
The European Commission has adopted the world’s first voluntary certification methodologies for activities that permanently remove carbon dioxide (CO₂) from the atmosphere under its carbon removals and carbon farming (CRCF) Regulation. Projects using direct air capture with carbon storage (DACCS), direct air capture with carbon storage (BioCCS) and biochar can now apply for EU certification under the framework.
Two further sets of certification methodologies are due to be adopted in 2026: one covering “carbon farming” activities such as agriculture, agroforestry, peatland rewetting and afforestation, and another covering carbon storage in bio-based construction products. The Commission also announced it would set up an EU Buyers’ Club for permanent removals and carbon farming under the EU Bioeconomy Strategy.
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#EU #CarbonRemoval #CRCF #DACCS #Biochar #CarbonFarming #ClimatePolicy
Singapore and Rwanda Open New Call For Article 6 Carbon Credit Projects
Singapore and Rwanda have launched a new application round for carbon credit projects under their bilateral Implementation Agreement on carbon market cooperation, expanding Singapore’s growing network of government-backed international credit partnerships.
The call marks Singapore’s fourth international project application round, following similar initiatives with Ghana, Peru and Bhutan. Authorised projects developed in Rwanda will be eligible to generate Paris Agreement Article 6-compliant carbon credits, which can be used by Singapore-based companies to meet a portion of their carbon tax obligations.
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#Singapore #Rwanda #CarbonCredits #Article6 #ParisAgreement #CarbonMarket #CarbonTax