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Canada needs C$150/t CO2 price to hit 2030 goal, but trading helps slash costs -study

Published 21:38 on March 31, 2017  /  Last updated at 21:51 on March 31, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Canada’s national carbon price must rise to a minimum C$150 per tonne by 2030 in order to achieve its emission goals, but inter-provincial trading could cut those costs dramatically, according to a study published Friday.

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Iceland to double national carbon tax

Published 18:20 on March 31, 2017  /  Last updated at 18:20 on March 31, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Iceland is doubling its carbon tax, which it called “low” by international standards, as part of a five-year fiscal plan that includes an overhaul of its tax system.

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Industry alarmed by Alberta’s surprise carbon credit usage limits

Published 23:27 on March 27, 2017  /  Last updated at 23:45 on March 27, 2017  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta’s decision to restrict the number of tradable carbon units that emitters can use to comply with incoming regulations has caught project developers “off guard” and threatens to damage the Canadian province’s 10-year old offset market.

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Ineffective Swiss ETS should be scrapped if EU link stalls -govt agency

Published 19:38 on March 24, 2017  /  Last updated at 21:48 on March 24, 2017  /  Carbon Taxes, EMEA, EU ETS, Switzerland  /  No Comments

Switzerland should consider abandoning its ineffective and oversupplied ETS should a link to the EU’s carbon market not materialise soon, the country’s Federal Audit Office (SFAO) recommended this week.

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Optimism abounds amid unknowns of Ontario’s first carbon auction

Published 23:01 on March 21, 2017  /  Last updated at 23:01 on March 21, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Analysts are expecting Ontario’s inaugural cap-and-trade auction to be well subscribed, with participants eager to snap up allowances before the coming decade of constrained supply.

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Economist Stiglitz tells Japan to go for carbon tax

Published 11:32 on March 20, 2017  /  Last updated at 11:32 on March 20, 2017  /  Asia Pacific, Carbon Taxes, Japan  /  No Comments

Taxing CO2 emissions would be the most efficient way for Japan to cut its contribution to climate change and simultaneously stimulate its economy, renowned American economist Joseph Stiglitz said in Tokyo.

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Canada’s frozen northern territories gradually warming to carbon pricing

Published 16:24 on March 14, 2017  /  Last updated at 16:25 on March 14, 2017  /  Americas, Canada, Carbon Taxes  /  No Comments

They may be laying out conditions and aggressively pushing for exemptions, but Canada’s three northern territories appear to be warming to the idea of carbon pricing.

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UK pledges to target “total carbon price” for 2020s, with details due in autumn

Published 15:03 on March 8, 2017  /  Last updated at 23:08 on March 8, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The UK will target a “total carbon price” from 2021, with further details to be provided in its autumn budget, the government said in its spring budget statement on Wednesday.

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ANALYSIS: Going it alone? UK emitters brace for EU ETS exit

Published 22:46 on February 23, 2017  /  Last updated at 00:20 on February 24, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The UK’s hardline approach to leaving the EU has upped the chances that British emitters will also exit the bloc’s carbon market, and the government’s recent track record suggests a move away from emissions trading altogether.

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South Africa prescribes more delays, consultations for long-awaited carbon tax

Published 00:29 on February 23, 2017  /  Last updated at 00:29 on February 23, 2017  /  Africa, Carbon Taxes, EMEA  /  No Comments

The introduction of South Africa’s long-awaited carbon tax looks doubtful this year after the government announced via its 2017 budget more delays and consultations for the bill.

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