.jpg)
44th Week CCM 2026. World doesn't stop. Carbon credits, Türkiye’s ETS, Singapore hub, Brazil’s timeline, progress in Australia; Pre-COP in Fiji and Tuvalu; IETA and legal safe harbour
Monday, 2 November 2026.
44th Week Carbon Credit Markets in 2026.
🎸 On the soundtrack of carbon markets.
Carbon credits advanced in Türkiye and Singapore. Türkiye launched the TR ETS, its national carbon market, with a pilot phase in 2026-2027 for emissions-intensive sectors and full implementation scheduled for 2028. Singapore, in turn, strengthened its role as a regional hub for carbon credits through the Blue Catalyst initiative and incentives for projects aligned with Article 6 of the Paris Agreement, expanding its ecosystem, which now includes more than 160 companies in the sector.
Other highlights include the Pre-COP31, held in Fiji and Tuvalu, which brought together around 4,000 participants from more than 100 countries and reinforced calls for climate finance, international cooperation, and the protection of countries most vulnerable to the climate crisis. The meeting resulted in the adoption of the Taku Pakasoa Declaration, reaffirming the commitment to concrete action, the recognition of indigenous knowledge, and the strengthening of the ocean and climate agenda, with expectations that COP31 will move from commitments to tangible outcomes.
Briefs and opportunities include the IETA, at the request of the Coalition to Grow Carbon Markets, proposing legal safe harbour mechanisms to expand the use of high-integrity carbon credits. In Brazil, the implementation schedule for the SBCE was defined, initiating sectoral preparations for emissions monitoring. In Australia, experts emphasized the importance of credit integrity, trust in carbon markets, and regulatory certainty to accelerate the transition to net zero.
Carbon Credits
Türkiye Completes Carbon Market Regulatory Framework with Launch of ETS
According to Turkey’s Directorate of Climate Change, the body responsible for the country’s climate policy, the Turkish Emissions Trading System (TR ETS) entered into force, establishing the operational rules for the new national carbon market for facilities in emission-intensive sectors. In a statement released on September 3, 2026, the authority announced that the pilot phase will cover emissions from 2026 and 2027 across the electricity generation, cement, iron and steel, aluminum, and fertilizer sectors. This phase includes a 100% free allocation of allowances, an initial reporting requirement starting in 2026, and the commencement of a pricing mechanism in 2027. Participating companies will be required to surrender allowances corresponding to their 2027 emissions by November 2028, ahead of the full-scale implementation of the system, which is scheduled for 2028.
Singapore Boosts Carbon Market with Innovation and Financing for Carbon Credits
The Singapore Economic Development Board (EDB), the government agency responsible for driving economic development and attracting investment to Singapore, is highlighting the country's progress in establishing an Asian carbon market hub. This effort is being advanced through the "Blue Catalyst" innovation challenge and new financial support from the Carbon Project Development Grant for projects aligned with Article 6 of the Paris Agreement. The initiative supports feasibility studies for generating high-integrity carbon credits, while Blue Catalyst attracted over 130 proposals from 37 countries to develop solutions for blue carbon projects, including emissions monitoring, measurement, and verification. According to the EDB, these measures bolster Singapore's capacity to develop, finance, and scale reliable carbon credit solutions and strengthen its position as a regional hub for the sector, which already hosts more than 160 carbon trading and service companies and maintains carbon credit implementation agreements with 11 partner countries.
Others Highlights
Pacific Pre-COP31 reinforces call for unity, climate finance, and ocean protection
Over the course of four days, approximately 4,000 people from more than 100 countries participated in the Pre-COP31 in Fiji and Tuvalu, discussing topics such as energy security, electrification, climate resilience, climate finance, and the economic opportunities of the clean energy transition. The gathering highlighted the reality facing Tuvalu, one of the countries most vulnerable to the impacts of climate change, where rising sea levels are already affecting the daily lives of communities. Leaders, ministers, and representatives from vulnerable nations advocated for upholding the 1.5°C goal, strengthening international cooperation, and expanding access to financial resources for adaptation and mitigation. A key outcome was the adoption of the Taku Pakasoa Declaration, inspired by the Tuvaluan concept of strength through unity and collective action. The declaration reaffirms the commitment to implementing concrete measures to tackle the climate crisis, valuing Indigenous knowledge, youth, and local communities, and supporting populations on the front lines of climate impacts. Discussions also emphasized the need to elevate the ocean-climate nexus in global negotiations, recognizing the role of oceans in regulating the climate and absorbing heat and carbon. At the conclusion of the meeting, participants urged that COP31 in Antalya move beyond the commitment phase toward concrete results, focusing on action implementation, faster access to climate finance, and the protection of countries most vulnerable to the climate crisis. Testimonies shared during the Pre-COP, particularly by representatives from communities on the front lines of the climate crisis, were among the most impactful moments of the gathering.
Briefs & Opportunities
The report “Unlocking Demand in Voluntary Carbon Markets Through Safe Harbour Mechanisms,” prepared by the International Emissions Trading Association (IETA) at the request of the Coalition to Grow Carbon Markets, argues that the growth of voluntary carbon markets is being constrained by the legal uncertainty faced by companies that use carbon credits, specifically due to the risk of litigation and accusations of greenwashing. The document recommends that governments establish “safe harbour” mechanisms to protect companies that act in good faith, utilize high-integrity credits, and make climate-related claims that are aligned with clear rules.
Brazil. The Ministry of Finance, through the Extraordinary Secretariat for the Carbon Market (SEMC), has defined the implementation timeline for the Brazilian Emissions Trading System (SBCE). This marks the beginning of preparations for industrial sectors to measure and report carbon emissions, a crucial step for the future allocation of emission allowances and the development of a regulated national carbon market.
Australia. The Carbon Market Institute highlighted the key takeaways from the 2026 Australasian Emissions Reduction Summit, focusing on the need to strengthen the integrity of carbon credits, build greater confidence in carbon markets, and ensure increased regulatory certainty to drive investment and accelerate the transition to net zero.
Events
November
🇹🇷 9 - 20, COP31. Antalya, Türkiye.
Carbon Credit Markets is an educational channel and leading media outlet in the carbon markets with a strong digital presence and a global audience in over 100 countries.
