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Ireland unveils climate plan with four-fold carbon tax rise to meet EU goals

Published 22:45 on June 17, 2019  /  Last updated at 01:42 on June 18, 2019  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Ireland’s centre-right government has unveiled a climate plan that includes quadrupling the country’s non-ETS carbon tax to €80 per tonne by 2030 in an effort to avoid a hefty EU compliance bill.

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New York governor, legislature reach compromise on omnibus climate bill

Published 21:55 on June 17, 2019  /  Last updated at 00:29 on June 18, 2019  /  Americas, Carbon Taxes, US  /  No Comments

New York Governor Andrew Cuomo (D) and the state legislature forged a compromise this weekend on an omnibus climate bill that now features weaker GHG targets, stronger zero-carbon electricity requirements, and softer language related to implementing an ETS or CO2 tax.

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Canadian federal govt won’t impose ‘backstop’ CO2 tax on Alberta until 2020

Published 23:02 on June 13, 2019  /  Last updated at 14:31 on June 14, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Ottawa will not impose its federal carbon tax on Alberta until Jan. 1, 2020 after the province’s new conservative government eliminated its C$30/tonne levy last month, allowing the country’s largest-emitting jurisdiction to avoid paying for some fossil fuel-related emissions over at least the next seven months.

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New Brunswick offers weaker standards for output-based pricing system

Published 22:50 on June 13, 2019  /  Last updated at 22:50 on June 13, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The New Brunswick government proposed its own output-based pricing system (OBPS) for large emitters on Thursday, but the market’s less stringent facility-based industrial benchmarks and electricity standards could run afoul of the Canadian federal government’s ‘backstop’ mandate.

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Canadian carbon tax of C$102/tonne by 2030 would help hit Paris target -report

Published 22:33 on June 13, 2019  /  Last updated at 23:13 on June 13, 2019  /  Americas, Canada, Carbon Taxes, International  /  No Comments

Canada can meet its Paris Agreement goal by roughly doubling the price of its rising ‘backstop’ carbon tax to C$102 ($77) and expanding the policy’s geographical and sectoral coverage, all at a relatively small economic cost, according to a government report released Thursday.

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Manitoba sets out five-year GHG target for provincial climate policies

Published 18:13 on June 11, 2019  /  Last updated at 18:13 on June 11, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Manitoba government announced its 2018-2022 GHG reduction target on Tuesday for its provincially-administered carbon reduction policies, coming as a separate measurement from the projected climate impacts of the Canadian federal government’s ‘backstop’ CO2 pricing plan on the jurisdiction.

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US Carbon Pricing Roundup for week ending June 7

Published 18:42 on June 7, 2019  /  Last updated at 18:42 on June 7, 2019  /  Americas, Carbon Taxes, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing and clean energy legislation at the US subnational and federal level taken this week, including a push to vote on New York’s omnibus climate policy bill, clean energy and GHG target developments in Maine, and news on California offset and hydropower bills.

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Carbon pricing schemes grow in numbers, but still too few and too cheap to meet Paris goals -report

Published 04:52 on June 7, 2019  /  Last updated at 00:56 on June 8, 2019  /  Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, EMEA, EU ETS, International, Japan, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

The number of planned or implemented carbon pricing mechanisms worldwide has grown to 57, but without expanded coverage and higher prices they won’t be sufficient to help meet the temperature goals in the Paris Agreement, a World Bank report said Friday.

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Canada’s Northwest Territories to delay carbon tax by two months

Published 15:37 on June 6, 2019  /  Last updated at 15:38 on June 6, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

The Northwest Territories (NWT) government will delay the implementation of its C$20 carbon levy from next month until September as it requires more time to review the policy’s underlying legislation, but it added the Canadian federal government would not fill in the two-month gap with Ottawa’s ‘backstop’ CO2 tax.

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Alberta eliminates C$30 carbon levy, but timeline for federal replacement uncertain

Published 19:49 on June 5, 2019  /  Last updated at 19:51 on June 5, 2019  /  Americas, Canada, Carbon Taxes  /  No Comments

Legislation eliminating Alberta’s C$30 carbon tax entered into force on Tuesday, but the timeline is still uncertain for the federal government to impose its ‘backstop’ fossil fuel levy on the Canadian province in response.

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