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ArcelorMittal output recovers in “strongest quarter in a decade”, announces low-carbon steel projects

Published 16:45 on May 6, 2021  /  Last updated at 16:45 on May 6, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Steelmaker ArcelorMittal saw a substantial demand recovery in Q1, achieving the “strongest” quarterly results in a decade following the COVID-19 crisis, it said in financial results on Thursday that also unveiled new deals to reduce emissions at its European facilities.

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Colombian carbon tax reform package halted amid protests

Published 21:43 on May 3, 2021  /  Last updated at 22:42 on May 3, 2021  /  Americas, Carbon Taxes, South & Central, Voluntary Market  /  No Comments

Colombian President Ivan Duque Marquez asked Congress to withdraw a tax reform package on Sunday that included a revision to the country’s roughly $5/tonne CO2 levy after protests against other aspects of the proposal left several dead.

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Germany aims to launch carbon contract-for-difference support for industry this year

Published 11:42 on May 3, 2021  /  Last updated at 11:42 on May 3, 2021  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The German government said it could launch its scheme for carbon contracts for difference (CCfDs) this year to spur decarbonisation of its heavy industry, according to a document published by the federal Ministry of Environment (BMU).

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US Carbon Pricing and LCFS Roundup for week ending Apr. 30, 2021

Published 16:37 on April 30, 2021  /  Last updated at 02:45 on May 1, 2021  /  Americas, Canada, Carbon Taxes, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Illinois, Pennsylvania, and New Jersey.

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Brussels may delay 2030 climate package until July, says senior EU official

Published 09:33 on April 30, 2021  /  Last updated at 02:05 on May 1, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Commission could present its major EU climate package in July as it is still finalising work on a number of policy proposals, a senior EU official said Thursday, which may delay by several weeks proposals including the review of the bloc’s carbon market.

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US likely needs new legislation to hit its revised Paris climate goal -panel

Published 22:59 on April 23, 2021  /  Last updated at 22:47 on April 28, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.

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Leaders Summit on Climate: Officials highlight need for public, private action ahead of COP26

Published 17:30 on April 23, 2021  /  Last updated at 19:01 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

Government officials on Friday pushed for the public and private sectors to increase climate ambition ahead of the UN COP26 summit this fall, as the US and other countries announced a pair of initiatives to drive future reductions.

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California needs to begin cap-and-trade rulemaking soon to achieve long-term goals -panel

Published 00:47 on April 23, 2021  /  Last updated at 01:08 on April 23, 2021  /  Americas, Canada, Carbon Taxes, US  /  No Comments

California should start a cap-and-trade rulemaking concurrently with its Scoping Plan update to ensure long-term climate goals are met, while Canadian provinces could look at other carbon pricing options to comply with the federal ‘backstop’ mandate, panelists said at the North American Carbon World (NACW) conference on Thursday.

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EU’s carbon border measure should mirror ETS, avoid double protection, says think-tank

Published 18:01 on April 22, 2021  /  Last updated at 18:01 on April 22, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The EU’s carbon border adjustment mechanism (CBAM) should be linked to the bloc’s ETS and only gradually reduce the share of free allocation of allowances while avoiding double protection for EU industries, according to a report from a Brussels-based think-tank released Thursday.

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Leaders Summit on Climate: US hikes Paris climate goal as other nations strengthen emissions targets

Published 11:38 on April 22, 2021  /  Last updated at 19:05 on April 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

US President Joe Biden raised the country’s emissions reduction target on Thursday at the White House-convened Leaders Summit on Climate, as other nations including Japan and Canada increased their own Paris Agreement pledges to the 2015 UN pact.

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