EU teases metals industry with announced changes to CBAM for exports
Steel and aluminium producers have welcomed announced changes to the EU’s Carbon Border Adjustment Mechanism (CBAM) to deal with exports, and called on policymakers to move swiftly into gear in order to protect Europe’s industry.
Read MoreUS stalls $2.6 bln climate finance package to South Africa -media
The US is planning to hold up the distribution of $2.6 billion in climate finance to South Africa, raising concerns that the entire funding could be held back, Bloomberg reported Thursday.
Read MoreVietnam to develop voluntary carbon labelling for emissions-heavy exports
Vietnam’s Department of Climate Change (DCC) under the new Ministry of Agriculture and Environment (MAE) is working to design voluntary carbon accounting programmes and labelling for emissions-heavy businesses that export to Europe and the US.
Read MoreCarbon tax will fail Pakistan unless restructured to value adaptation, judge says
For a country such as Pakistan, battered by the impacts of climate change, policies like carbon markets and taxes will fail the nation unless adapted to local realities, a Supreme Court judge told an event this week.
Read MoreAxing of Canada’s consumer carbon tax expected to have limited impact on inflation -report
A new report estimates that removing the consumer portion of Canada’s carbon tax could save drivers the amount added at the pumps since inception of the levy, but slow price growth minimally, according to a new report.
Read MoreCleaner US manufacturing advantaged in more carbon-conscious world of trade -report
US manufacturers are two times more carbon efficient than the world average, and are well-positioned to take advantage of an increasingly emissions-conscious world trade environment, according to a report.
Read MoreGlobal shipping stakeholders not expecting major breakthroughs at IMO’s April meeting
An upcoming meeting at the UN’s International Maritime Organization’s (IMO) is expected to yield small incremental gains rather than a finalised set of policies, said several industry stakeholders.
Read MoreIMF-Morocco deal wraps up without implementing CO2 tax
Morocco has delayed introducing a long-awaited carbon tax that was expected to be part of a $1.2 billion financing deal with the North African country, the International Monetary Fund (IMF) has revealed.
Read MoreFull UK-EU ETS link-up may not be realistic, UK lawmaker concedes
A full link-up of the UK and EU emissions trading systems (ETSs) is not “realistic”, but the two sides should try and get as close as possible, a UK lawmaker conceded following a two-day meeting between British and EU parliamentarians.
Read MorePower sector flags “major issues” with EU-UK electricity trade ahead of CBAM
Electricity producers have called on the European Commission to improve the EU’s Carbon Border Adjustment Mechanism (CBAM) before it starts applying next year, pointing to the risk of “double paying” CO2 charges when importing from the UK, and asking for “more realistic default values” to be applied when evaluating the emissions intensity of Britain’s electricity exports to Europe.
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