22nd Carbon Credit Markets 2025 Week. Certificates China, H₂ India, ‘The days of profiting from failure are over’ UK, digital carbon market Argentina, emissions trading Japan and much more
- Art Dam
- Jun 8
- 7 min read
Monday, 09 June 2025.
We've revamped the structure of our posts to make them even more dynamic and informative. We hope you like them and share them! 🚀
Here is a summary of the 22nd Carbon Credit Markets 2025 week.
Highlights of the week: Chinese hourly renewable energy certification 🇨🇳, India's green ammonia public consultation🇮🇳, Ofwat's record £122.7m fine against Thames Water, and UK executive bonus cuts🇬🇧, as experts assess whether new climate plans are ambitious enough.
Carbon Credits: Argentina 🇦🇷 launches its first digital carbon credits marketplace and Asia 🌏 discusses Article 6 advances.
Around the world: Japan🇯🇵 implements new rules for emissions trading in 2026 and we delve deeper into the case above from UK Ofwat 🇬🇧: “The days of profiting from failure are over”
Opportunities: COP 30 Brazil🇧🇷, in the Carbon Markets Team in Chile🇨🇱, launch of the 🇯🇵 Carbon Markets Now Video Series, the UNFCCC public hearings and the new GRI Academy course on biodiversity.
* Events: Forecast 2025 for carbon capture and storage (CCS) by Norwegian🇳🇴 DNV, IBGC on IFRS S1 and S2 challenges in Brazil🇧🇷, the Annual ESG Conference in Portugal🇵🇹, and the Project Blue Webinar on battery supply chain security. 🚀🌱
And here in details.
HIGHLIGHTS OF THE WEEK
📢🇨🇳 Hourly carbon accounting. China accelerates its green renewable energy certification for industrial consumption. The city of Yantai, China, has hosted the country’s first renewable energy matching pilot, aligning generation with industrial consumption on an hourly basis. Facilitated by AsiaREC with Shandong Luneng Group and Wanhua Chemical Group, this was made possible through the purchase of 5,000 MWh of Green Energy Certificates with detailed hourly data. This initiative signals China’s ability to scale up hourly carbon accounting in response to EU and international compliance requirements and best practices. Read more here.
📢🇮🇳 Green Ammonia Production. New methodology within Article 6 of the Paris Agreement put to a quick public consultation. Proposed by AM Green Ammonia (India) Private Limited, the methodology will be applicable globally to project activities that produce ammonia with lower carbon intensity than conventional production, mainly using renewable sources for: (1) Production of hydrogen (H₂) through electrolysis to separate water into H₂ and O₂; (2) Production of nitrogen (N) through Air Separation Plants or other facilities that use exclusively renewable energy; (3) Synthesis of hydrogen and nitrogen to produce ammonia (Haber-Bosch Process). See the proposal. Public hearing runs until June 12.
💧🇬🇧 “The days of profiting from failure are over.” Office of Water Services (Ofwat) fines Thames Water a record £122.7 million. And UK government cuts executive bonuses. Read more below in AROUND THE WORLD section about this interesting situation unfolding in the UK.
📢🌍 Are Countries’ New Climate Plans Ambitious Enough? What We Know So Far. WRI analyzes the level of ambition of the NDCs submitted so far and highlights that some countries, such as the United States, Brazil and the United Kingdom, have already submitted their plans, while major emitters such as the European Union and China have not yet.
🌏☀️ Temperatures are expected to remain at or near record levels for the next five years, according to global climate forecasts in a new report from the World Meteorological Organization. Read on.
CARBON CREDITS
🇦🇷Argentina launches its first digital carbon market.
ACX (AirCarbon Exchange) and Bolsa Argentina de Carbono (BACX) have partnered to launch Argentina’s first digital carbon market, reinforcing their commitment to building robust and scalable carbon markets in the Americas.
Carbon Credit Markets has been following ACX for quite some time, since it was established in Abu Dhabi, due to the highly favorable legal environment for “environmental instruments”, such as carbon credits. Remember here, it was in November 2023.
And more recently, in September 2024, when it arrived in Brazil, in partnership with BlockC. Here is the article, which includes coverage of a Brazilian methodology for carbon credits associated with agriculture, a partnership between Eccon and Reservas Votorantim.
Read the full press release about ACX’s arrival in Argentina here.
🌏Asia. Presentations from the Regional Workshop on Article 6 and Carbon Pricing.
Focusing on Central Asia, Eastern Europe and the South Caucasus, the meeting was organized by the UNFCCC, UNDP and the European Union in Istanbul, Turkey, from 27 to 30 May.
The sessions covered the following topics:
- Carbon pricing (Emissions Trading System - ETS, carbon taxes).
- Impacts of the European Union's CBAM and trade competitiveness.
- MRV (Monitoring, Reporting and Verification) infrastructure as a basis for ensuring market confidence.
- Use of Article 6.2 and 6.4 mechanisms for international cooperation and ITMO (Internationally Transferred Mitigation Outcomes) transactions.
- Country-specific needs regarding capacity building, financing and regulatory reforms.
The main message of the workshop reinforced that carbon pricing is not just a tool, but a driver of clean investment, transparency and sustainable growth.
Read more about it here, with links to the rich presentations.
AROUND THE WORLD
🇯🇵 Japan advances in decarbonization with new law requiring large companies to trade emissions from 2026.
The Japanese Parliament passed a revised version of the Green Transformation Promotion Act (GX) on May 28. The new legislation requires companies with annual CO₂ emissions of 100,000 tons or more to participate in the emissions trading market, starting in fiscal year 2026.
Under this system, the Minister of Economy, Trade and Industry will allocate free annual emission allowances to participating companies, within which they can emit CO₂. If a company reduces its emissions and has excess credits, it can sell them to others. Otherwise, it will need to purchase additional allowances. The free distribution will be determined on a per-industry basis. The emissions trading market will be administered by the GX Acceleration Agency.
The measure is expected to impact between 300 and 400 large companies, which are responsible for about 60% of the country’s greenhouse gas emissions.
This initiative is part of Japan’s strategy to reduce emissions and promote more sustainable practices in the industrial sector. For more details, please visit nippon.com
💧🇬🇧 Office of Water Services (Ofwat) imposes record £122.7m fine on Thames Water. Government cuts executive bonuses.
Ofwat has been quite vocal recently about poor environmental management by water companies — especially when it comes to the discharge of sewage into rivers and seas in England and Wales. Read about the fine here.
Previously, Ofwat had already proposed cutting bonuses for executives of the companies involved, which ended up happening last Friday, June 6, when the UK Government banned “unfair bonuses” for executives of six substandard water companies. See the press release from the Department for Environment, Food & Rural Affairs here.
In short:
- Dirty water, frozen bonuses. The UK government has taken a historic step: it has banned bonus payments to executives at six water companies after years of scandals involving sewage pollution.
- What caused this? Six companies accused of: • Discharging untreated sewage into rivers and seas • Failing to maintain networks • Rewarding executives despite breaches
- “The days of profiting from failure are over”. That was the statement from Environment Secretary Steve Reed when announcing the new law. The Water (Special Measures) Act aims to restore public trust.
- Immediate impact. Companies will not be able to pay any performance-related bonuses to directors in the financial year ending April 2025. Ofwat will still be able to demand the return of previous bonuses.
- A step towards environmental justice. This is a victory for environmental campaigns that have been pushing for accountability for years. 📌 Water is essential – and its management must be up to the task.
OPPORTUNITIES
📢🇧🇷 COP 30, volunteer selection runs until June 10. Includes 120 hours of certified training. Details here.
📢 🇨🇱 Vacancy in the Carbon Markets Team Chile, Junior Developer, Ministry of the Environment. To support the development of the platform and the registration of article 15 of Law 21.455. The modality is hybrid, with the possibility of working in person in Santiago. LinkedIn post.
📢🇯🇵 Carbon Markets Now Video Series launched by the A6IP Center (Article 6 Implementation Partnership), under the leadership of the Japanese Government. The first episode focuses on carbon credit quality and rating agencies. In English. Watch.
📢🌍 Two UNFCCC Public Hearings until 23 June, (1) Addressing suppressed demand in mechanism methodologies and (2) Applicability of removal guidance to emission reductions activities and vice versa. Details here.
📢🖥️ New GRI Academy training on nature and biodiversity reporting. The course “GRI-TNFD Interoperability: A Guide for Nature-Related Reporting” aims to align the two frameworks. Details here.
EVENTS
🖥️🇳🇴 June 12, Launch of DNV’s CCS forecast to 2050: Carbon capture and storage at a turning point. Det Norske Veritas (DNV) is a Norwegian certification and classification company operating since 1864 in several sectors, including maritime, oil and gas, renewable energy, electrification and healthcare. Free online event.
🖥️🇧🇷 June 16 and 17, IBGC course on Sustainability Risks and Communication with the Market: The challenges of IFRS S1 and S2. Details here.
🖥️🌍 June 16-26, UNFCCC June Climate Meetings (SB62, Sixty-second session of the Subsidiary Body). With several panels on Article 6 and Carbon Markets. Stay tuned.
🖥️🇵🇹 June 18, ESG Annual Conference 2025: Evolution of Business Models, Financing and Regulation. With the support of the Portuguese Institute of Corporate Governance, the event will be held in person, in Auditorium 2 of the Calouste Gulbenkian Foundation, in Lisbon. Details here.
🖥️🔋 June 18, Project Blue Webinar - Battery Supply Chain Security in a Changing World. Latest market analysis and insights on how companies can assess and manage supply chain risks in uncertain market conditions. Register here.
🏆 If you have an interesting story about carbon credits in your country, our audience already reaches over 100 nations! Send your message directly through our LinkedIn page.
Sign up at www.carboncreditmarkets.com to receive insights, news and media updates and visit our new portal, Busca Global.
