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US Carbon Pricing and LCFS Roundup for week ending Mar. 5, 2021

Published 19:15 on March 5, 2021  /  Last updated at 19:15 on March 5, 2021  /  Americas, 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 around a national clean electricity standard, a Washington state low-carbon fuel standard (LCFS), and an Hawaiian carbon tax study.

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Japan seen opting for climate policy mix of ETS, carbon tax, and subsidies

Published 09:37 on March 4, 2021  /  Last updated at 11:38 on March 4, 2021  /  Asia Pacific, Carbon Taxes, CBAM, Japan  /  No Comments

Japan is likely to opt for a combination of emissions trading, a carbon tax, and subsidies, according to analysts that view the mix as the most effective way of driving GHG cuts, meeting international climate expectations, and overcoming industry opposition.

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World needs $160/t carbon price by 2030 to meet 1.5C target -Woodmac

Published 02:29 on March 4, 2021  /  Last updated at 09:07 on March 4, 2021  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International, Voluntary Market  /  No Comments

Global carbon prices need to rise to about $160/tCO2e over the next decade to support the economic transition necessary to limit global warming to 1.5C, according to consultants Woodmac.

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UK seeks to position London as global offset trading hub, maintains carbon price floor

Published 17:31 on March 3, 2021  /  Last updated at 21:41 on March 3, 2021  /  Carbon Taxes, Climate Talks, EMEA, EU ETS, International, UK ETS, Voluntary Market  /  No Comments

A former stock exchange boss has been tasked with positioning London as the global centre for offset trading, the UK’s finance minister said Wednesday, in a mixed budget for climate action that included freezing the country’s carbon floor price for another year.

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US to push countries for more ambitious Paris NDCs at April climate summit

Published 18:31 on March 2, 2021  /  Last updated at 18:50 on March 2, 2021  /  Americas, Carbon Taxes, Climate Talks, International, US  /  No Comments

US President Joe Biden’s (D) administration will urge nations to set more ambitious climate pledges during its spring climate summit, while the US will lay out its own revised nationally-determined contribution (NDC), Special Presidential Envoy for Climate John Kerry said at CERAWeek by IHS Markit on Tuesday.

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US Carbon Pricing and LCFS Roundup for week ending Feb. 26, 2021

Published 19:58 on February 26, 2021  /  Last updated at 21:28 on February 26, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US, Voluntary Market  /  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 related to the national social cost of carbon (SCC), Pennsylvania, Massachusetts, and California.

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OFFICIAL CORRECTION: Colombia to propose carbon tax on coal in March -report

Published 21:53 on February 23, 2021  /  Last updated at 15:34 on February 25, 2021  /  Americas, Carbon Taxes, South & Central  /  No Comments

The Colombian government next month will introduce legislation to impose a CO2 tax on coal-fired power, expanding the reach of the country’s existing $5/tonne carbon fee, a media outlet reported Tuesday.

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UPDATE – US Carbon Pricing and LCFS Roundup for week ending Feb. 19, 2021

Published 20:08 on February 19, 2021  /  Last updated at 20:56 on February 26, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US, Voluntary Market  /  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 related to the national interim social cost of carbon (SCC), Connecticut, and Virginia.

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Ukraine’s Naftogaz sets carbon neutrality target, as Kyiv progresses on carbon market plans

Published 18:42 on February 19, 2021  /  Last updated at 18:42 on February 19, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Ukrainian state energy producer Naftogaz announced a 2040 carbon neutrality target on Friday, as the country advances mandatory emissions reporting as a “first step” towards a full-fledged ETS.

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US banking and finance groups call for price on carbon

Published 22:30 on February 18, 2021  /  Last updated at 22:30 on February 18, 2021  /  Americas, Carbon Taxes, US  /  No Comments

A group of 11 trade associations representing banks, asset managers, and investment and pension funds endorsed a CO2 price on Thursday as a strategy to transitioning the US to a low-carbon economy, with growing support for such a policy from the business and financial community.

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