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New Brunswick climate plan to redirect fuel taxes, impose carbon levy on big emitters

Published 18:11 on December 14, 2017  /  Last updated at 18:11 on December 14, 2017  /  Americas, Canada, Carbon Taxes  /  No Comments

New Brunswick on Thursday unveiled new climate change legislation that will impose Canadian federal rules on the province’s large emitters and redirect existing fossil fuel taxes to fund decarbonisation programmes.

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Defiant Saskatchewan unveils carbon tax-less climate plan with international links

Published 21:48 on December 4, 2017  /  Last updated at 08:34 on December 5, 2017  /  Americas, Canada, Carbon Taxes, International, New Market Mechanisms, US  /  No Comments

Saskatchewan on Monday released its new climate change plan, opting for a suite of proposed measures including a market-based system that allows both provincial and international units but excluding an economy-wide price on carbon, defying the Canadian federal government in the process.

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UK’s future in EU ETS is distinct from EU exit, stresses UK climate minister  

Published 13:39 on November 28, 2017  /  Last updated at 20:54 on November 28, 2017  /  Carbon Taxes, EMEA, EU ETS, International, Kyoto Mechanisms  /  No Comments

The UK’s future in the EU ETS is distinct from its move to exit the bloc, though the government is exploring options to trade carbon with other partners as some in the EU seek to use the issue as a Brexit bargaining chip, Britain’s climate minister Claire Perry said Tuesday.

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Argentina proposes $25/t national carbon tax on energy sector

Published 17:08 on November 27, 2017  /  Last updated at 22:37 on November 27, 2017  /  Americas, Carbon Taxes, Mexico, South & Central  /  No Comments

Argentina has proposed a new $25/tonne carbon tax on its energy sector, targeting emissions from transport fuels, natural gas and coal, as well as the country’s burgeoning oil and shale gas industry.

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Ontario’s poll-leading Conservatives pledge to exit WCI, replace carbon market with federal tax plan

Published 11:25 on November 26, 2017  /  Last updated at 11:35 on November 27, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Ontario’s opposition Progressive Conservatives have pledged to replace the province’s cap-and-trade scheme with the federally-designed carbon tax option, which would see its Western Climate Initiative membership traded for consumer and business tax cuts.

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UK aims to keep domestic carbon price at current levels near £24/tonne until 2025

Published 15:41 on November 22, 2017  /  Last updated at 15:50 on November 22, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The UK government aims to keep its domestic carbon price near current levels of around £24/tonne until 2025, it said in its autumn budget released Wednesday, a move that will allow the rest of the EU to catch up to Britain’s high national price via the bloc’s carbon market but which could endanger the country’s long-term climate goals.

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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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Replacing Ontario’s carbon market with a tax will cut more emissions -study

Published 20:18 on November 15, 2017  /  Last updated at 21:49 on November 15, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Replacing Ontario’s cap-and-trade scheme with a revenue-neutral carbon tax, as the province’s poll-leading Progressive Conservatives have vowed to do, would result in larger emission reductions, a new study shows.

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Portugal targets coal, carbon with taxes new and old

Published 19:09 on November 15, 2017  /  Last updated at 19:09 on November 15, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Portugal will remove tax exemptions for coal from next year to help phase it out of its power sector, while “revitalising” its national carbon tax.

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Fix it or reject it: Environmental groups blast Nova Scotia’s carbon market plans

Published 00:58 on November 4, 2017  /  Last updated at 00:58 on November 4, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Two Canadian environmental groups have outlined what they say are major flaws in Nova Scotia’s proposed carbon market that, if not addressed, should result in the programme being rejected by Ottawa.

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