News

Asia’s carbon markets are entering a decisive phase in 2026, with ETS, carbon taxes, and Article 6 cooperation agreements moving from policy design toward early implementation.

Vietnam has officially released its long-awaited regulatory framework for carbon market trading, defining institutional responsibilities across government agencies and financial market operators.

Vietnam is accelerating efforts to build an internationally connected carbon market, but experts say gaps remain in global standards alignment and MRV capacity.

Vietnam’s government on the 24th approved detailed arrangements for a pilot carbon emissions allowance scheme, outlining how allowances will be calculated and adjusted based on three key criteria.

Saudi Arabia is sharpening its focus on Asia and the wider Global South as it seeks to position itself at the center of emerging carbon markets.

Indonesia reported modest results from its carbon-credit sales at this year’s UN climate summit (COP30), booking pledges for 2.75 million tonnes of CO₂ reductions amid criticism.

COP30 closed on Saturday after two charged weeks in Belém. A fire that briefly disrupted the venue became an apt metaphor for a summit defined by heated disputes over fossil fuels, finance, forests, critical minerals, and carbon markets.

The global carbon market under Article 6.4 of the Paris Agreement is facing a funding crunch, raising concerns that part of its budget may be diverted to the Adaptation Fund.

Indonesia has been publicly rebuked at COP30 with a “Fossil of the Day” award after civil society groups accused its delegation of echoing fossil fuel and carbon industry lobbyists during negotiations on Article 6.4, the UN’s new carbon market mechanism.

Indonesia is using the COP30 to aggressively market its carbon credits, launching daily “Sellers Meet Buyers” sessions and seeking international commitments 6 despite unresolved integrity issues in its carbon market.