News

Indonesia has reopened its carbon market to international buyers after a four-year hiatus. President Prabowo Subianto signed a presidential regulation on Oct. 10 allowing the cross-border sale of Indonesian carbon credits.

Singapore’s Parliament on Oct. 14 passed the Civil Aviation Authority of Singapore (Amendment) Bill, paving the way for a green fuel levy on all departing air passengers starting in 2026.

The U.S. on Friday warned of retaliatory measures against countries that vote in favor of an IMO proposal to cut greenhouse gas emissions from ships.

Malaysia has released its Steel Industry Roadmap 2035 (SIR2035), prioritizing the resolution of industry overcapacity while planning to cut carbon emissions through carbon pricing mechanisms such as a carbon tax.

The United States is pushing back against a global carbon pricing plan for the shipping sector, threatening retaliatory measures—including tariffs, port levies, and visa restrictions—against countries that support it. The move risks fragmenting regulatory

Although shipping accounts for only about 3% of global carbon emissions, the sector carries nearly 90% of global trade, making it central to global decarbonization efforts.

Thailand's carbon market is still in its early stages, with its Securities and Exchange Commission estimating that the voluntary carbon market (VCM) will be launched by 2027, ahead of the mandatory market.

The shipping industry, especially long-haul shipping, is classified as one of the hardest sectors to decarbonize, underscoring the importance of the International Maritime Organization's (IMO) carbon fee.

Taiwan launched its carbon fee regime this year, with formal collection scheduled to begin in 2026. As part of the Ministry of Environment’s roadmap, a dual-track mechanism combining a carbon fee and an ETS is set to be piloted next year.

The Singaporean government estimates that the 2024 carbon tax will generate SGD 640 million (about USD 497 million), more than 30% below the original projection.