45th Week Carbon Credit Markets 2025. Brazil in the Carbon Coalition; Belém, Salvador, and Bogotá make progress in mobility; EU ETS prices and voluntary credits; UNFCCC mechanisms; SEMC and forests
- Art Dam
- 2 hours ago
- 4 min read
Monday, 10 November 2025.
Week 45 of Carbon Credit Markets 2025. Carbon Credits in the Final Stage of COP30 Negotiations: Focus on Technical Deepening, Market Integration, and Strategic Positions
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Highlights of the Week
Beyond COP30, key developments include Brazil’s entry into the Open Coalition of Regulated Carbon Markets, inspiring experiences from Belém, Salvador, and Bogotá, the rise in carbon prices at the EEX, practical guidance from Article 6 of the UNFCCC, an explanation of how the CARP system operates, the creation of a provisional body to manage the domestic carbon market, and progress in the regulation of carbon credits in forest concessions.
COP30
Brazil Joins the Open Coalition of Regulated Carbon Markets
The Coalition is an international initiative that fosters cooperation among countries with emissions trading systems to tackle the climate crisis. The move aligns with Bill No. 412/2022, which proposes the creation of a regulated carbon market in Brazil. The coalition — already including Brazil, China, the European Union, the United Kingdom, Canada, Chile, Germany, Mexico, Armenia, Zambia, and France — aims to ensure real emission reductions, strengthen environmental integrity, and facilitate interoperability between markets.
Cities That Make It Happen, with Private Sector Support: Cases of Belém, Salvador, and BogotáIn the first week of COP30, we joined the panel “Resilient Cities: Urban Mobility and Climate Action – How Innovation Can Help”, organized by AYA HUB, showcasing inspiring experiences from Belém and Salvador, with emphasis on the electrification of bus fleets. The panel also featured a representative from iFood, who presented innovative environmental and social perspectives.
It is worth highlighting the case of Bogotá, recognized at the Earthshot Prize 2025 in Rio de Janeiro. Since 2018, the city has reduced air pollution by 24%, benefiting 8 million people. With investments of US$ 19.9 billion in clean transport, more than 1,400 electric buses, 100 km of low-emission corridors, and the construction of its first metro line, Bogotá expects to avoid 300,000 tons of CO₂ annually by 2028, equivalent to removing 65,000 cars from the streets.
International Panorama of Carbon Credits
Carbon Price Rising at the EEX: Overview of the European ETS and Voluntary Market
The European Energy Exchange (EEX) is Europe’s leading energy exchange, trading electricity, natural gas, hydrogen, carbon credits, and agricultural products. Within the EU ETS 🇪🇺, it conducts auctions of CO₂ emission allowances, with prices exceeding €78 per ton, and has introduced the CBAM Reference Price to help calculate carbon costs on imports. In the voluntary market, credits average US$ 4.80 per ton, while Brazil stands out regionally with 40% of VCS projects and 25.6% of avoided emissions, driven by strong reforestation and conservation initiatives. Visit the EEX website to explore real-time data and available environmental products.
Article 6, UNFCCC Explanatory Series Provides Practical Guidance on Cooperative Mechanisms of the Paris Agreement
The first module explains how to complete the Form, covering responsibilities, contributions to sustainable development, types of activities aligned with national climate commitments (NDCs or LT-LEDs), and methodological aspects of the mechanism. It is aimed at government representatives, designated national authorities, organizations involved in emission reduction projects, and climate policy experts. The content is available in an interactive format at this link, and new modules will be published on the official UNFCCC website.
How the UNFCCC CARP Works in Carbon Credit Exchanges Between Countries
The CARP platform of the UNFCCC is the official system for accounting and transparency in international carbon credit transactions, as outlined in Article 6.2 of the Paris Agreement. Even in bilateral or multilateral deals, countries must report their activities to ensure traceability, prevent double counting, and meet their NDCs with integrity. The system standardizes reports and independent technical reviews, functioning as an international climate registry that strengthens global governance and aligns voluntary and cooperative markets with the principles of the agreement. Click here to see if your country already uses the tool.
Initiatives in Carbon Credit Markets
Brazil Creates Provisional Body for Management of the Domestic Carbon Market
Published on the last day 16, Decree No. 12.677 establishes the Extraordinary Secretariat for the Carbon Market (SEMC), linked to the Ministry of Finance, with the mission to provisionally implement and manage the Brazilian Emissions Trading System (SBCE), as provided in Law No. 15.042/2024. The measure represents a strategic step toward the operationalization of the national carbon market, focusing on building the necessary regulatory and technological infrastructure, such as the Central Registry and monitoring, reporting, and verification (MRV) systems. The SEMC will also work to align the SBCE with international standards and will receive technical support from national and international institutions, including the World Bank. The decree further introduces changes to the structure of the Ministry of Finance and comes into force on November 6, 2025.
Regulation of carbon credits in forest concessions.
The new decree published by the Brazilian Government on the 17th authorizes concessionaires of public forests to generate and trade carbon credits using international methodologies, unlocking investments in forest conservation and restoration projects. For the first time, these concessions will be able to access the voluntary carbon market with legal certainty, transforming environmental protection into additional revenue and aligning the country with the climate goals of zeroing illegal deforestation by 2030 and restoring 12 million hectares of native vegetation.
Connect
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