Carbon Market News

A federal judge struck down an executive from President Donald Trump that stopped permits and land leasing for wind power projects. The judge said government agencies did not clearly explain why they suddenly changed rules that had been used for many years. Because there was no clear reason, the decision was seen as unfair and unreasonable. Trump supports a “drill, baby, drill” policy that focuses on oil and gas development instead of renewable energy. This court ruling creates a serious legal problem for his energy policy and supports the continued development of wind energy in the United States.
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#US #WindEnergy #OffshoreWind #FederalCourt #PolicyReversal #Permitting #RenewableEnergy #LegalRuling #EnergyPolicy

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

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

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