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
Vietnam strengthens energy storage pathway
Vietnam’s December 1–3 convention signals a major step toward clean energy leadership. The country targets 10–16.3 GW of storage by 2030 and 96 GW by 2050, a scale that will transform grid reliability and renewable integration. Vietnam Electricity (EVN) plans to deploy 1.2 GW of Battery Energy Storage Systems (BESS), while a forthcoming Ministry of Industry and Trade (MoIT) circular and pricing frameworks will unlock investment clarity. Industrial parks and pilot projects showcase practical models, positioning Vietnam as a regional benchmark for storage-enabled decarbonization.
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#Vietnam #SoutheastAsia #EnergyStorage #BESS #GridReliability #MoIT #PricingFramework #2050 #Decarbonization
Thailand approves landmark Climate Change Bill with carbon tax and ETS
Thailand has passed its first comprehensive climate law, aiming to cut greenhouse gas emissions by 47% by 2035 and achieve carbon neutrality by 2050. The bill introduces carbon taxes, an emissions trading system (ETS), and a national climate-policy body, creating a framework for managing emissions across key sectors. An earlier draft indicated that more than 30 fuels and products, such as gasoline, diesel, and liquefied natural gas, would be subject to a domestic carbon tax. Implementation will roll out in three phases starting 2026, impacting industries that represent 37% of Thailand’s GDP. Financial institutions view the law as a catalyst for competitiveness, signaling a major shift toward sustainable growth and global trade readiness. The bill also establishes a state climate fund and a national taxonomy to guide green investments, reinforcing Thailand’s commitment to long-term climate resilience.
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#Thailand #ClimateChangeBill #CarbonTax #ETS #NetZero2050 #GreenTaxonomy #ClimateFund
Stellantis Korea Turns EV Miles into Cashable Carbon Credits for Owners
Stellantis Korea recently announced that owners of its electric vehicles (EVs) can convert the mileage they have accumulated into carbon credit rewards. The company, through a carbon credit specialist, Hooxi Partners, will trade these credits and return the money as a reward to vehicle owners. This turns miles driven into a green credit benefit.
The move, the first in Korea, marks a novel incentive. Stellantis Korea doesn’t only offer discounts or rebates. They view driving an EV as building a true carbon reduction “asset.” By turning EV use into carbon credits, the company lets EV owners share in the carbon credit market. Korea’s carbon credit market is expanding with the Korea Emissions Trading Scheme (K-ETS) and the activation of voluntary transactions, and global automakers are also expanding customer benefit models that use carbon credits.
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#Korea #EV #CarbonCredits #ETS #CarbonMarket #GreenIncentives #Decarbonization #Stellantis
EU Parliament Moves to Delay and Reassess Supply Chain Deforestation Law
The European Parliament voted 402-250 to delay the EU Deforestation Regulation by one year, pushing obligations for large companies to end-2026 and small operators to mid-2027, while calling for an early 2026 review that could lead to further simplifications. The law requires traceability for commodities like palm oil, coffee, cocoa, soy, beef, timber, and rubber to ensure no deforestation since 2020 and compliance with local laws. This aligns with the Council’s position amid concerns over administrative burdens, system readiness, and impacts on companies already investing in compliance, though critics warn of uncertainty and weakened forest protection credibility.
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#EU #Deforestation #SupplyChain #Regulation #Traceability #Sustainability #ForestProtection
Indonesia secures 2.75 million carbon credits amid climate target criticism
Indonesia secured commitments for 2.75 million tonnes of CO₂e in carbon credits at its COP30 Pavilion in Belém, Brazil, from 12 climate projects across energy (8), forestry/land use (3), and waste management (1). The pavilion, themed “Accelerating Substantial Actions of Net Zero Achievements through Indonesia’s High Integrity Carbon,” attracted over 5,000 visitors, hosted 50+ sessions, and facilitated bilateral cooperation on climate action and sustainable forestry. However, environmental groups criticized Indonesia’s conservative climate targets and heavy reliance on carbon sales over ambitious emissions cuts or fossil fuel phaseouts, with its NDC rated “critically insufficient” amid ongoing deforestation risks.
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#COP30 #Indonesia #CarbonCredits #NDC #ClimateAction #Deforestation #NetZero
Court Blocks California’s Climate-Risk Law as Emissions Rule Moves Forward
A federal Ninth Circuit Court of Appeals has temporarily halted enforcement of California’s SB 261, which required companies with over $500 million in annual revenue doing business in the state to disclose climate-related financial risks starting January 1, 2026. The injunction, sought by the U.S. Chamber of Commerce and business groups claiming First Amendment violations, provides relief amid an appeal set for January 2026, while SB 253—mandating Scope 1, 2, and later Scope 3 emissions reporting for firms over $1 billion in revenue—continues toward its 2026 rollout enforced by the California Air Resources Board (CARB). The ruling highlights tensions in state-led climate governance as federal rules remain uncertain, affecting over 3,100 companies and intensifying debates over compliance costs and national standards.
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#California #US #ClimateRisk #Regulation #SB261 #SB253 #EmissionsReporting #LegalUpdate
Taiwan Legislature passes suite of solar-related changes
Taiwan’s legislature passed amendments to tighten environmental impact assessment (EIA) regulations for solar energy facilities. The changes require EIAs for solar projects on hillsides or floating installations with capacities of 10,000 kW or more, or covering 5 hectares or above, excluding rooftop solar. The amendments also restrict solar panel installations in national scenic areas and geologically sensitive zones unless EIAs are approved. The Taiwan People’s Party pushed for stronger legal oversight amid criticism of the Ministry of Environment’s previous ineffective management, while environmental and industry groups call for more dialogue to avoid hindering green energy development.
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#Taiwan #SolarEnergy #EIA #Regulation #GreenEnergy #Legislation #EnvironmentalImpact
Carbon Market Coalition Welcomes 18 Member Countries at COP30
Brazil has launched an Open Coalition on Compliance Carbon Markets at COP30, now backed by 18 countries including Brazil, China, the EU, UK, Canada, Chile, Germany, Mexico, Singapore and Norway. The coalition aims to create shared standards and a common carbon pricing framework by linking national compliance markets, harmonizing MRV and accounting rules, and ensuring environmental integrity and just transition. Officials emphasize that regulated carbon markets are a key tool to phase down fossil fuels in an orderly, equitable way and to increase liquidity, predictability and transparency in carbon trading.
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#COP30 #CarbonMarket #Coalition #Compliance #Article6 #MRV #JustTransition #InternationalCooperation
The Only U.S. Representative Says A Global Carbon Price Is Our Last Hope
U.S. Senator Sheldon Whitehouse, the lone federal representative at COP30, warned that a globally linked carbon price anchored around the EU’s Carbon Border Adjustment Mechanism (CBAM) is “the last lifeboat” to keep climate goals alive, arguing that the current “free-to-pollute” model is incompatible with climate safety. He urged defending CBAM from fossil-fuel lobbying and called for ending an estimated $700 billion in annual fossil subsidies, saying no demand scenario justifies allowing unabated pollution. The article also notes that Democrats like Nancy Pelosi and California Governor Gavin Newsom are trying to fill the federal climate diplomacy vacuum, while some diplomats suggest President Trump’s absence may actually ease negotiations as other countries push ahead with clean energy and carbon pricing efforts.
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#COP30 #CarbonPricing #CBAM #US #EU #ClimatePolicy #FossilFuels #GlobalCarbonMarket
EU Parliament votes to weaken corporate sustainability laws
The European Parliament voted to significantly scale back the EU’s corporate sustainability laws, simplifying both the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD). CSRD will now apply only to companies with over 1,750 employees and €450 million revenue, while CSDDD targets companies with more than 5,000 employees and €1.5 billion revenue. The changes remove the Paris Agreement-aligned transition plan requirement and shift CSDDD liability to national levels. These reforms reduce the number of affected companies to about 5% of the original scope, drawing criticism from environmental groups like WWF, who see it as a setback for climate and nature protection. Negotiations with the European Council will continue to finalize the laws in 2025.
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#EU #CSRD #CSDDD #SustainabilityReporting #CorporateESG #Regulation #ClimatePolicy