FEATURE: Companies face EU “CBAM chaos”, with high fees for ‘default’ emission values
Companies worldwide are scrambling to prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), but many still do not know whether they will be able to use verified plant-level emissions data or be forced to rely on punitive default values – a distinction experts say could determine whether exporters remain competitive in Europe at all.
Read MoreAustralia budget sends mixed signals on energy transition with fossil fuel, green tech backing
Australia’s latest federal budget sent mixed signals on the energy transition on Tuesday, coupling billions of dollars in fossil fuel support with backing for green technology.
Read MoreSingapore extends offset rollover for carbon tax-liable firms amid shortage
Singapore will again allow companies under its carbon tax to carry over unused international carbon credits (ICCs) into the following year, as a shortage of eligible units under the city-state’s Article 6 framework persists.
Read MoreAustralia’s top court to hear first climate case over coal mine expansion
Australia’s highest court will hear its first-ever climate change case next week, in a legal battle between a local community and a coal company over mine expansion.
Read MoreBRIEFING: Energy shock will lead to short-term pain, but long-term gain for Asia Pacific’s energy transition
Asia Pacific countries have responded to the global energy shock by delaying key carbon pricing and tax policies, however this will likely be replaced with renewed efforts to transition away from fossil fuels in the future, experts have said.
Read MoreAustralian voluntary carbon credit cancellations retreat in April after brief spike
Voluntary cancellations of Kyoto-era carbon credits in Australia fell sharply in April, with activity concentrated in fewer hands than the previous month, registry data showed.
Read MoreID Market: Trading nearly stalls after quarter-end rush
Trading activity on Indonesia’s carbon exchange nearly ground to a halt in April after a brief rebound in March, as negotiated deals disappeared, exchange data showed.
Read MoreCorporate carbon farming projects rely on scale over intensity in India -study
India’s agrarian carbon market is currently dominated by corporate-led, low-carbon intensity projects like regenerative agriculture that rely on enrolling vast numbers of farmers, while smaller, high-intensity initiatives like agroforestry remain niche, according to a study.
Read MoreSafeguard Mechanism fails to curb diesel use in Australian coal mines as subsidies dwarf carbon costs
Australia’s Safeguard Mechanism is failing to limit diesel use in coal mining, with carbon costs being undercut by fuel subsidies, according to an analysis.
Read MoreAustralian state to scrap emissions goals in revised climate bill
The government of an Australian state is preparing to drop formal emissions reduction targets, replacing them with alternative measures like green exports, carbon capture, and renewable energy.
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