COP26 – ANALYSIS: EU’s carbon border plans test alliance with poorer nations
The EU’s proposed carbon border adjustment measure (CBAM) risks straining the bloc’s alliance with the world’s poorest nations as COP26 UN talks kicked off in Glasgow this week, with lawmakers considering ways of appeasing their partners while keeping the flagship climate measure.
Read MoreUS envoy Kerry touts six-fold hike in adaptation aid as COP26 credibility at risk
US climate envoy John Kerry stressed his country’s pledge to drastically hike adaptation aid to poor nations on Thursday, but experts questioned the undertaking that still lacks lawmaker approval just days before UN climate talks.
Read MoreEU banking capital proposal eases fears over carbon trading, says trade group
EU proposals for applying international banking rules are likely to shield the bloc’s carbon market from being impacted by higher capital costs for banks, a financial industry body said on Wednesday.
Read MoreLack of transparency casts doubt on “carbon neutral” fuel deals –report
Fossil fuel companies are brazenly greenwashing by marketing shipments bundled with offsets as “carbon neutral”, environmental campaigners concluded on Monday in a report scrutinising the burgeoning trade.
Read MoreEU’s east-west wealth divide may widen if climate overhaul falters – think-tank
The EU’s central and eastern (CEE) nations must deeply commit to the bloc’s wide-ranging European Green Deal (EGD) or risk falling further behind wealthier western member states, a think-tank said in a report published on Wednesday.
Read MoreANALYSIS: EU seen resisting Poland’s call to slow climate effort, may bolster support measures
Poland’s plea to cancel or delay EU climate action and curb carbon market speculation is unlikely to gain enough support among the bloc’s leaders, experts said on Tuesday, although it could end up bolstering mechanisms to help poorer citizens cope.
Read MoreConcerns mount for EU’s downstream industries left out of CO2 border measure
EU downstream manufacturers fear their exclusion from the EU’s carbon border adjustment mechanism (CBAM) will lead to their customers switching to foreign-made products, as officials deem them not currently worth the effort.
Read MoreEU nations show signs of outpacing climate goals, bringing higher ambition within reach -study
Several EU countries are overachieving in their national climate strategies, green groups and analysts said Thursday, in findings that suggest the bloc could feasibly raise its 2030 emissions target again to help meet global warming goals.
Read MoreLawmakers urge EU to form ‘climate club’ of nations to escape border measures
EU lawmakers on Tuesday urged the EU to form an “international climate club” with other big emitting nations that would be shielded from the effects of the bloc’s proposed carbon border adjustment mechanism (CBAM).
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