EU Parliament and Council reached a political agreement to strengthen the ETS2 carbon market for buildings and transport, aiming for a 42% emission reduction by 2030. Measures include an emergency mechanism to limit price spikes and a gradual release of emission allowances.
Shandong province leads China in carbon market participation, with companies trading over 17 million tons of carbon credits in 2025. The province also achieved significant improvements in air and water quality, and biodiversity.
Singapore and the World Bank Group have launched the Carbon Markets Programme to address challenges in carbon market development. The initiative aims to enhance digital MRV mechanisms and establish interoperable carbon registries, fostering Asia's role as a carbon market hub.
A US$30 million carbon credit deal by tech giant Amazon with India’s Good Rice Alliance will boost carbon markets globally, according to experts, potentially showing agriculture – as well as industry – can be at the heart of emission reductions. The organisation, primarily backed by Bayer and in collaboration with GenZero and Shell, is designed to transform emissions-heavy rice cultivation in India through scientific advances. It helps thousands of smallholder farmers adopt climate-smart growing...
