Carbon removal credits unlikely to be considered for EU CBAM compliance until mid-2030s, expert says
While foreign countries may accept international credits to achieve their climate targets under the Paris Agreement, the EU is unlikely to consider allowing carbon removal (CDR) units for compliance under its Carbon Border Adjustment Mechanism (CBAM) until the mid-2030s, according to an expert consultant.
Read MoreUK CBAM to penalise new nuclear and wind, but let solar off the hook, warns utility giant
EDF, which is seeking fresh investors for the Hinkley Point C nuclear power plant in England, has warned the UK government that its planned Carbon Border Adjustment Mechanism (CBAM) will push up the cost of building new nuclear plants and wind farms.
Read More“Tariffs in disguise”: EU CBAM sparking plethora of new green trade barriers
The EU’s Carbon Border Adjustment Mechanism (CBAM) is giving rise to a plethora of copycats around the world that are really meant as tariffs, according to an expert consultant who warned about “a nightmare” when it comes to implementation.
Read MoreINTERVIEW: Canada’s Green Party centres affordability, sovereignty in climate-oriented election bid
The Green Party of Canada would re-establish Canada’s carbon tax, given a chance at the helm, though the group’s co-leader said she hopes to broaden support for climate action beyond its environmental benefits.
Read MoreCarbon price critical to making low-carbon steel competitive, ArcelorMittal says
Supportive policy and a global price on carbon will be critical to making low-carbon steel production competitive, according to steelmaker ArcelorMittal, which reported on Thursday that it had almost halved its emissions footprint since 2018.
Read MoreDATA DIVE: Chilean renewable projects aim for PACM after major support from CDM
The Kyoto Protocol’s Clean Development Mechanism (CDM) played a critical role in building out Chile’s renewable energy generation, Carbon Pulse analysis of new national data has found, while dozens of Chilean renewables projects look ahead to the Paris Agreement Crediting Mechanism (PACM).
Read MoreFEATURE: Rise of border carbon fees will create compliance costs, trade shuffles, and – maybe – some emissions cuts
The once-distant idea of a global market divided up by border carbon fees is coming increasingly into focus, as countries ready themselves for the full force of the EU’s Carbon Border Adjustment Mechanism (CBAM) next year.
Read MoreTurkish government delays Climate Law with national ETS
The Turkish government withdrew the country’s draft Climate Law from discussions in parliament on Tuesday, putting on hold a policy that would introduce a national emissions trading system, amid opposition, according to local media.
Read MoreQuebec cutting gasoline price floor amid plummeting gas prices
Canada’s only province with a cap-and-trade system appears to be rethinking its gasoline regulations, as prices otherwise dipped across the country following the elimination of the consumer-facing carbon tax.
Read MoreBrazil to propose international carbon market integration at COP30 -official
Brazil will present a proposal to integrate carbon markets worldwide when it hosts the COP30 UN climate conference in November, a senior government official said Friday.
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