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Carbon tax of $200/t would only marginally cut global oil emissions -study

Published 17:44 on July 26, 2019  /  Last updated at 17:44 on July 26, 2019  /  Africa, Americas, Asia Pacific, Australia, Carbon Taxes, EMEA, International, South & Central  /  No Comments

A global CO2 tax of $200 per tonne would only reduce GHGs from oil production by 4% over the next century, as the price would not be high enough to make a large dent in existing and undiscovered reserves, according to new research.

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UPDATE – Incoming British PM Johnson names new environment, energy ministers

Published 23:39 on July 24, 2019  /  Last updated at 14:23 on July 25, 2019  /  Carbon Taxes, Climate Talks, EMEA, EU ETS, International  /  No Comments

Incoming British Prime Minster Boris Johnson has named new minsters in charge of energy and the environment after more than half of the Conservative cabinet resigned or was sacked upon his arrival at Downing Street earlier Wednesday.

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New York CO2 charge may trigger RGGI supply curbing mechanism -analysis

Published 22:50 on July 24, 2019  /  Last updated at 00:16 on July 26, 2019  /  Americas, Carbon Taxes, US  /  No Comments

The New York Independent System Operator’s (NYISO) planned imposition of a carbon adder in the state’s wholesale electricity market could trigger the northeast US RGGI ETS’ Emissions Containment Reserve (ECR) in the next decade as more low-carbon generation come online, analysts said Tuesday.

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US House committee plots “all-market” climate plan for mid-century decarbonisation

Published 23:07 on July 23, 2019  /  Last updated at 23:07 on July 23, 2019  /  Americas, Carbon Taxes, US  /  No Comments

House Democrats unveiled plans to develop a market-related strategy that will achieve net-zero GHGs by 2050 in committee on Tuesday, but specific legislation and future compatibility with progressive lawmakers’ Green New Deal has not yet been determined. 

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ANALYSIS: Final electricity benchmarks in Canadian ‘backstop’ OBPS still creating uneven playing field

Published 22:28 on July 22, 2019  /  Last updated at 22:34 on July 22, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

More stringent electricity benchmarks for new natural gas plants under Canada’s ‘backstop’ output-based pricing system (OBPS) may still be slow to incentivise greater renewables usage and could also exacerbate dispatch decisions of more carbon-intensive fuel types under the programme, economists said.

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Swiss energy-related CO2 emissions fall in 2018 despite stubborn transport output

Published 18:18 on July 19, 2019  /  Last updated at 20:23 on July 19, 2019  /  Carbon Taxes, EMEA, EU ETS, Switzerland  /  No Comments

Switzerland’s energy-related CO2 emissions continued falling in 2018, the government announced this week, though the decline was again mostly seen in the consumption of thermal fuels as transportation’s output was unchanged.

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Alberta large emitter carbon price of C$30/tonne “very likely” for 2020 -official

Published 22:24 on July 17, 2019  /  Last updated at 23:17 on July 17, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Alberta will likely keep the C$30/tonne compliance charge in its proposed overhaul of the Canadian province’s trading programme for large emitters, a shift from the ruling United Conservative Party’s (UCP) original plan to lower the CO2 price below the federal ‘backstop’ rate next year, a government official said Wednesday.

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French environment minister De Rugy resigns over spending scandal

Published 15:06 on July 16, 2019  /  Last updated at 15:38 on July 16, 2019  /  Carbon Taxes, EMEA  /  No Comments

France’s energy and ecology minister Francois de Rugy has resigned after being embroiled in a scandal over spending taxpayer cash on lavish lobster dinners and home renovations.

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Impose CO2 price on German transport, buildings sectors before EU ETS transition -experts

Published 12:19 on July 12, 2019  /  Last updated at 14:28 on July 12, 2019  /  Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Germany’s transport and building sectors should be assigned carbon prices either through a market or a tax before transitioning them into the EU ETS, government-appointed economic experts have recommended.

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Study to determine Canadian offset supply for federal OBPS expected this autumn

Published 21:49 on July 11, 2019  /  Last updated at 23:53 on July 11, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian federal government has solicited a report to determine the potential for different offset protocols to supply credits to the country’s ‘backstop’ large emitter trading programme.

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