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
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
Singapore Names Three Carbon-Rating Firms to Enhance Integrity of International Carbon Credits
Singapore’s National Environment Agency (NEA) has appointed three firms—BeZero Carbon Ltd, Calyx Global, Inc, and Sylvera Ltd—to provide independent assessments of carbon-credit methodologies and projects under its International Carbon Credit (ICC) Framework. This supports the ICC Framework, allowing companies to offset up to 5% of taxable emissions using eligible credits from 2024. The ratings panel will enhance governance and integrity in cross-border carbon credits, reinforcing investor confidence and Singapore’s leadership in Article 6 markets. This initiative highlights Singapore’s commitment to rigorous oversight and global carbon market governance.
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#Singapore #CarbonCredits #ICC #Article6 #CarbonRating #Governance #Integrity
Completion of the first international transfer of mitigation outcomes for JCM credits
The Joint Crediting Mechanism (JCM) between Thailand and Japan completed its first international transfer of mitigation outcomes at the Seventh Meeting of the Joint Committee on October 30, 2025. The project involved the introduction of a 5MW floating solar power system on an industrial water reservoir in Thailand (Project TH014). The transfer authorized 1,009 tCO2eq of Internationally Transferred Mitigation Outcomes (ITMOs) from the 2021 vintage. The Ministry of the Environment, Japan, is the acquiring entity, and the credits are fully authorized by Thailand.
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#JCM #Japan #Thailand #ITMO #CarbonMarket #FloatingSolar #MitigationOutcomes
PETRONAS CCS Ventures Sdn Bhd Receives Malaysia’s First Offshore Assessment Permit for Carbon Capture and Storage
Petronas CCS Ventures Sdn Bhd (PCCSV), a wholly owned unit of Petronas, has received Malaysia’s first offshore assessment permit for carbon capture and storage (CCS) at the Duyong field offshore Peninsular Malaysia. The permit, granted by the Malaysia Carbon Capture, Utilisation, and Storage Agency (MyCCUS) under the newly enacted Carbon Capture, Utilisation, and Storage Act (CCUS Act 2025), allows geological assessment to confirm the site’s feasibility as a carbon storage site. PCCSV collaborates with TotalEnergies and Mitsui under a Key Principles Agreement to advance technical studies with plans to move into front-end engineering design, aiming to establish a commercially viable CCS hub by 2029. This milestone positions Malaysia as a regional leader in CCS and supports national carbon reduction goals aligned with its Net Zero target for 2050.
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#PETRONAS #Malaysia #CCS #CarbonCapture #Offshore #NetZero #CCUSAct2025 #Partnership
EU approves 90% emissions cut by 2040, boosts carbon credit use to 5%
The EU has approved a 90% emissions reduction target for 2040, allowing up to 5% use of international carbon credits under its climate policy. This decision, after intense negotiations, aims to boost global carbon markets and align with the Paris Agreement’s Article 6. The plan also sets a 66.25%-72.5% reduction range for 2035. While significant for climate ambition, the implementation involves strict criteria and potential flexibility, with some concerns about economic impacts and the actual extent of emissions cuts.
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#EU #ClimatePolicy #CarbonMarket #EmissionsReduction #Article6 #CarbonCredits #Regulation
Q4 CORSIA Credits Procurement Event Now Open
The Q4 CORSIA Credits Procurement Event is open from November 3 to 28, 2025, inviting airlines to purchase carbon credits through the IATA Aviation Carbon Exchange (ACE). This event offers 1 million credits from the Guyana Jurisdictional REDD+ project. In the recent Q3 event, credits sold at a fixed price of $22.55/tonne via the CBL GEO-CP1 spot contract, which acts as the market benchmark for CORSIA Phase 1. Airlines can monitor this benchmark using the Offset Compliance Simulator on IATA EcoHub. More procurement events are planned for 2026 with increasing supply of eligible emission units (EEUs).
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#CORSIA #CarbonMarket #Aviation #IATA #REDD+ #ACE