South Korea strengthens support for SMEs to grapple with CBAM
South Korea has issued a public call exclusively for domestic small and medium-sized enterprises (SMEs) to help them meet emissions reporting and verification requirements, as the implementation of the EU’s carbon border adjustment mechanism (CBAM) draws near.
Read MoreTexas lawmaker files bill proposing ban of carbon tax, clean fuel standard
A Texas legislator filed a bill last week that would allow Texas voters to decide if the state should be prohibited from ever enacting a carbon tax or a clean fuel standard.
Read MoreTurkiye’s government submits climate bill establishing ETS to parliament
Turkiye’s ruling party has submitted a long-awaited climate change-related bill that foresees the creation of a carbon market board and an emissions trading system to the Parliament on Thursday.
Read MoreINTERVIEW: How to make carbon pricing multilateral, step by step
Multilateral carbon pricing schemes can be more effective in tackling carbon leakage and ensuring fair trade than unilateral measures — but they need to be phased in slowly, starting with common standards for pricing and reporting, according to an expert at the World Economic Forum (WEF).
Read MoreBRIEFING: ‘Perfect moment’ to talk EU ETS for agriculture, as Commission considers next steps
Experts from across the agriculture and food industry see the prospect of a specific emissions trading system for agriculture and food sectors as firmly on the table, with the European Commission now considering policy vehicles to drive down greenhouse gas emissions in the sector.
Read MoreCommission delays proposal on CBAM extension to 2026, while eyeing up other tweaks
The European Commission will delay its proposal for extending the Carbon Border Adjustment Mechanism (CBAM) to other sectors and downstream products by a year, to 2026, according to a senior official — although it is looking at other potential tweaks to the policy.
Read MoreASEAN faces limited impact from EU CBAM, but future risks loom -study
The EU Carbon Border Adjustment Mechanism (CBAM) will have minimal immediate economic impact on Southeast Asia in the short term, but that might change in time and the scheme offers an opportunity to nations in the region to scale up their carbon pricing systems, according to new research.
Read MoreBRIEFING: Thai carbon tax denounced as “window dressing” amid lack of broader plan
Thailand’s recent approval of a carbon tax on fossil fuels, while largely welcomed, has also come under criticism for the lack of clarity on how it will contribute to achieving carbon neutrality and meeting the nation’s net zero target.
Read MoreBRIEFING: Global carbon market traded volume surges in 2024, valuation remains flat -analysts
Global carbon markets saw their value marginally rise to above €800 billion in 2024, according to annual research published by analysts, while traded volume jumped by almost 25% year-on-year amid buoyant activity across nearly all systems.
Read MoreCanada flip flops on taxing overdue small business carbon tax rebates
The Canadian government has reversed its prior policy position and plans to tax the carbon rebate owed to small businesses over the last five years, a non-profit said Monday.
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