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
Singapore collaborates with Tanzania on carbon credits
Singapore and Tanzania signed an Article 6 MOU to collaborate on high-integrity carbon markets and mobilize green finance. The partnership establishes a framework to identify compliant mitigation projects aligned with both nations’ NDCs.
Crucially, the agreement lays the groundwork for a legally binding Implementation Agreement. This future treaty will govern the formal authorization and international transfer of correspondingly adjusted carbon credits, establishing a strict cross-border accounting structure to prevent double counting while driving the global energy transition.
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#Singapore #Tanzania #Article6 #MOU #ImplementationAgreement #CorrespondingAdjustment #NDC #ClimatePolicy
Kenya Sets 10 Million-Tonne Cap on Article 6 Carbon Credit Exports
Kenya has capped its Article 6 carbon credit exports at 10 million tonnes through 2030. Announced at the UN climate negotiations in Bonn, this policy establishes a national carbon trading budget to manage international transfers. It ensures Kenya retains enough emission reductions to meet its domestic climate targets (NDCs). Managed through the new Kenya National Carbon Registry, the cap positions mitigation outcomes as a strategic resource. This framework ensures high market integrity, though it may increase competition among project developers for export allocations.
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#Kenya #Article6 #ITMOs #CarbonMarket #BonnClimateTalks #NDC #ClimatePolicy
First carbon fee cycle rakes in almost NT$5bn
Taiwan’s Ministry of Environment announced it collected NT$4.97 billion in its first carbon fee cycle, exceeding the initial estimate of NT$4.5 billion. A total of 461 factories across 240 companies paid the fees, with the semiconductor industry contributing the largest share of NT$2.2 billion. The final amount was higher because several companies withdrew or were rejected from preferential rates. The revenue will go to a greenhouse gas management fund to support emissions-reduction projects and climate change research.
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#Taiwan #CarbonFee #SemiconductorIndustry #TSMC #EmissionsReduction #CarbonPricing
Vietnam, Indonesia launch new regulations for forest carbon projects
Vietnam and Indonesia have launched updated regulatory frameworks to standardize their forestry carbon sectors for international buyers.
Vietnam’s new policy establishes clear rules for tracking forest carbon storage, mandating that sales revenues be directly reinvested into local forest preservation and community livelihoods. Concurrently, Indonesia has introduced a first-of-its-kind “”nesting”” system. This framework automatically syncs individual commercial projects with state climate goals, eliminating the risk of double-counting and clearing up regulatory uncertainties for developers.
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#Vietnam #Indonesia #ForestryCarbon #CarbonCredits #VoluntaryCarbonMarket
The next phase of South-east Asia’s energy transition: Fixing the grid
Southeast Asia’s energy transition is shifting from renewables build-out to grid upgrades, as power demand could rise over 60% by 2040. Rapid growth from AI, data centres and EVs is straining ageing systems. ASEAN is accelerating the ASEAN Power Grid, but progress is constrained by a US$100bn+ investment gap, regulatory barriers, and challenges integrating intermittent renewable energy.
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#ASEAN #EnergyTransition #PowerGrid #RenewableEnergy #Infrastructure #SoutheastAsia
UK Commits to Cutting Emissions by 87% by 2040 Under New Carbon Budget
The UK government has set a legally binding target to cut greenhouse gas emissions by 87% by 2040 under its Seventh Carbon Budget, aiming for net-zero by 2050. This strategy focuses on expanding domestic clean energy, like renewables and hydrogen, to enhance energy security and avoid £445 billion in future fossil fuel costs. Supported by over £90 billion in private capital since mid-2024, the transition is expected to create over 400,000 jobs by 2030 and boost competitiveness.
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#UK #Renewables #GreenHydrogen #GreenJobs #ClimatePolicy
SEC Moves To Eliminate Biden-Era Climate Disclosure Requirements
The U.S. Securities and Exchange Commission (SEC) has initiated a process to repeal the climate disclosure rules adopted in 2024 under the Biden administration. The rules would have required public companies to disclose material climate risks, climate-related governance practices, and certain financial impacts from severe weather events. SEC leadership argues that disclosure requirements should focus on financial materiality and investor protection while reducing compliance burdens on companies. Although the federal rules may be withdrawn, many companies will continue to face climate reporting obligations under the EU’s Corporate Sustainability Reporting Directive (CSRD) and California’s climate disclosure laws. As a result, multinational firms are expected to maintain investments in climate reporting systems despite potential changes at the federal level.
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#SEC #ClimateDisclosure #CSRD #CaliforniaClimateLaw #SustainabilityReporting #FinancialMateriality #InvestorProtection
California eases carbon market rules amid affordability concerns
California’s Air Resources Board approved revisions to its Cap-and-Invest program that could provide up to US$4 billion in additional free emissions allowances to refiners and industrial companies through 2035. The changes are intended to ease compliance costs and limit fuel price increases amid inflation concerns and rising energy prices. Regulators will offset the planned removal of 118 million allowances by issuing an equivalent amount of free allocations, while also providing US$800 million in consumer cost relief measures. Critics argue the changes could weaken carbon price signals, reduce auction revenues, and make California’s 2030 and 2045 climate targets harder to achieve. CARB maintains that the reforms balance affordability concerns with long-term decarbonization objectives.
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#California #CARB #CapAndTrade #ETS #CarbonPricing #CarbonMarket #Allowance
New Agro-Forestry Law Shifts Carbon Credit Titles to Ethiopian Landowners
Ethiopia’s new Forest Carbon Trading Amendment Directive No. 1141/2026 fundamentally reshapes forest carbon ownership by granting private and community forest owners full legal title to carbon credits generated on their land. The reform allows landowners to opt out of government-led jurisdictional programs and independently develop carbon projects for international markets. While increasing market autonomy, the directive also strengthens compliance requirements, including mandatory registration, benefit-sharing plans, MRV obligations, and public disclosure of project information. The amendment significantly limits the role of the Ethiopian Forestry Development agency to government-managed programs while promoting transparency and private sector participation. The reform is expected to improve access to climate finance and stimulate forest carbon project development across Ethiopia.
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#Ethiopia #EthiopianForestryDevelopment #ClimateFinance #Article6 #DoubleCounting #BenefitSharingPlan
Brazil carbon market becomes an industrial competitiveness strategy amid ETS rollout
Brazil is positioning its future emissions trading system (SBCE) as both a climate policy and an industrial competitiveness strategy. Beyond promoting low-carbon steel and aluminium exports, the government is developing a new carbon credit framework centered on Verified Emissions Reduction or Removal Credits (CRVEs), which will become the only credits officially recognized under Brazil’s future regulated carbon market. CRVEs are intended to serve as a national environmental integrity label and support both domestic compliance and international transactions under Article 6 of the Paris Agreement. The government also plans to launch a public consultation on corresponding adjustment export rules in July, emphasizing that low-quality credits should not be eligible for international transfers. These developments signal Brazil’s ambition to become a major supplier of high-integrity carbon credits and decarbonized products.
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#Brazil #SBCE #CarbonMarket #ETS #Article6 #CRVE #GreenMetals