News
Carbon Pricing
September 30, 2025
Malaysia unveils steel industry roadmap, eyeing carbon tax rollout in 2026
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.
September 04, 2025U.S. threatens tariffs to block global shipping 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
August 18, 2025Carbon costs drive Taiwan shipping majors to ramp up clean fuels, fleets
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.
August 18, 2025Thailand's voluntary carbon trading set for 2027 with 15% offset limit
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.
August 13, 2025Decarbonizing industry: Carbon pricing forces shipping giants to choose different fuels
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.
July 14, 2025Taiwan turns to dual-track carbon pricing: Can ETS unlock corporate decarbonization?
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.
June 10, 2025Singapore’s carbon tax revenue falls short of expectations after sharp rate increase
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.
May 23, 2025Updated: European Parliament supports CBAM amendments
On May 22, the European Parliament voted in favor of proposed amendments to the Carbon Border Adjustment Mechanism (CBAM), originally introduced by the European Commission in February.
April 28, 2025Canada election: Trump’s threats spur push to diversify oil exports beyond U.S.
Canada's federal election will take place on April 28, with a new Prime Minister set to be elected. This election has seen energy issues come to the forefront, largely due to repeated threats from U.S. President Donald Trump.
April 14, 2025IMO reaches initial deal on first global shipping carbon pricing
The United Nations’ International Maritime Organization (IMO) on April 11 reached a historic deal on the world’s first carbon pricing mechanism for the shipping industry.