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World needs much higher carbon prices to meet 2C target, say renowned economists

Published 14:03 on May 29, 2017  /  Last updated at 14:10 on May 29, 2017  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, China, EMEA, EU ETS, International, South Korea, US  /  No Comments

The world needs carbon prices of at least around $40-80/tonne in 2020 and $50-100 in 2030 to keep global temperatures from rising above 2 degrees C, according to a report led by two renowned economists and backed by the World Bank’s Carbon Pricing Leadership Coalition (CPLC).

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Canada’s northern territories could be exempted from federal carbon tax plan

Published 23:02 on May 24, 2017  /  Last updated at 23:02 on May 24, 2017  /  Americas, Canada, Carbon Taxes  /  No Comments

Canada’s frozen northern territories are not included in the federal government’s carbon pricing backstop plan for provinces and will be treated separately, a senior official with the environment and climate change ministry has confirmed.

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Value of world’s carbon pricing schemes edges up year-on-year while govt revenues drop -report

Published 18:10 on May 23, 2017  /  Last updated at 01:24 on May 24, 2017  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, EMEA, EU ETS, International, Kyoto Mechanisms, Mexico, New Market Mechanisms, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The combined value of the world’s carbon markets and CO2 tax regimes rose by 7% in 2017, with eight new pricing initiatives helping to nearly double the total number over the past five years, but government revenues have dropped by some 15%, according to a new report published Tuesday.

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Canadian government sets out carbon pricing ‘backstop’ option for provinces

Published 18:50 on May 18, 2017  /  Last updated at 10:00 on May 19, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

The Canadian government on Thursday outlined its carbon price ‘backstop’ option for provinces and territories that do not satisfy minimum federal requirements with their own programmes or that opt to implement Ottawa’s plan from 2018.

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Macron names environmental champion as France’s new ecology and energy minister

Published 19:08 on May 17, 2017  /  Last updated at 17:23 on May 18, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Incoming French President Emmanuel Macron has named France’s top environmental campaigner and former TV presenter and journalist as his new ecology and energy minister.

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BC carbon tax changes could be afoot after Greens made kingmakers

Published 12:05 on May 10, 2017  /  Last updated at 12:10 on May 10, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Changes could be in store for British Columbia’s frozen carbon tax after the Canadian province’s Green Party tripled their number of seats in Tuesday’s election, handing them the balance of power in the incumbent Liberals’ new minority government.

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Bangladesh set to introduce carbon tax

Published 11:36 on May 9, 2017  /  Last updated at 11:36 on May 9, 2017  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

Bangladesh is set to introduce a tax on fossil fuel consumption in this year’s budget in a bid to curb pollution and boost government revenue, according to local media reports.

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Macron’s France seen bolstering EU carbon market, global climate action

Published 16:17 on May 8, 2017  /  Last updated at 20:12 on May 8, 2017  /  Carbon Taxes, Climate Talks, EMEA, EU ETS, International  /  No Comments

The election of Emmanuel Macron as France’s president could secure the future of the EU carbon market for now while bolstering international cooperation on climate action, observers said on Monday.

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Washington state senator floats new carbon tax proposal

Published 02:17 on April 22, 2017  /  Last updated at 02:17 on April 22, 2017  /  Americas, Carbon Taxes, US  /  No Comments

Washington state Democratic Senator Guy Palumbo on Friday introduced legislation that would set a state-wide carbon tax starting in July 2018.

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Mexico’s carbon market plans picking up pace, targeting WCI link by 2021

Published 00:13 on April 22, 2017  /  Last updated at 00:21 on April 22, 2017  /  Americas, Aviation, Canada, Carbon Taxes, Mexico, US  /  No Comments

Mexico will launch its pilot carbon market in early 2018, with an aim to kick off its official ETS later that year and to link to other North American schemes by 2021.

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