EU-UK should align on carbon pricing, CCS to build thriving clean tech hub -report
The EU and UK should explore linking their emissions trading systems and cooperate on cross-border carbon capture and storage (CCS) under efforts to form a resilient clean tech hub on the global stage, an industry body said on Tuesday.
Read MoreIndustry groups want CBAM registry to be as transparent as EU ETS
The new registry containing information about importers of goods covered by the EU’s new carbon border fee should be as transparent as its ETS registry, a group of European business association have told the European Commission.
Read MoreEU timeframe for approval of applications to import CBAM goods is too long, industry groups say
The EU is proposing too long a timeframe for the approval of applications from companies looking to import goods subject to the Carbon Border Adjustment Mechanism (CBAM), according to feedback from industry associations and governments.
Read MoreEuropean carbon prices to remain stable this winter, pick up in 2025 -analysts
European carbon prices are likely to experience a relatively stable winter, with downside potential in the case of above-average temperatures, according to analysts at a bank.
Read MoreUAE considers carbon tax, cap-and-trade emissions scheme -Bloomberg
The United Arab Emirates (UAE) are considering implementing a compliance carbon scheme similar to the EU ETS, as well as an emissions levy, according to sources familiar with the matter, as reported by Bloomberg.
Read MoreLimited risk of loan losses from new CO2 taxes, warns Danish central bank
Denmark’s incoming carbon tax for agriculture, combined with other risks from low-carbon transition, will result in higher impairment charges for some lenders, but most will see only limited impact, according to the country’s central bank.
Read MoreArcelorMittal freezes green steel projects in Europe, waits for EU policy guidance
Europe’s largest steelmaker, ArcelorMittal, announced on Tuesday it had frozen final investment decisions over its ongoing decarbonisation projects on the continent until the company has “full visibility” on the EU policy environment.
Read MoreTurkiye launches industrial decarbonisation platform, targets $5 bln by 2030
Turkiye has unveiled a new industrial decarbonisation investment platform that targets $5 billion in funding by 2030 to cut over 20 million tonnes of carbon emissions annually.
Read MoreBRIEFING: UK could face hefty export tax on electricity under EU’s CBAM
The UK risks facing a tax on electricity exports to the EU in the range of £40-50 (€43-55) per megawatt-hour under the bloc’s Carbon Border Adjustment Mechanism (CBAM), experts told a webinar Friday about the UK’s need for electricity market reform.
Read MoreCOP29: New climate finance goal proposal offers $250 bln by 2035
A new climate finance goal of $250 billion by 2035 was proposed in a draft presidency text published on Friday at COP29, falling well below the $1.3 trillion figure requested by developing nations, while provisions that would encourage carbon markets were deleted.
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