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ANALYSIS: Norway’s symbolic first step towards reining in its oil industry

Published 20:19 on December 1, 2021  /  Last updated at 20:55 on December 1, 2021  /  Carbon Taxes, EMEA, EU ETS, International  /  No Comments

Norway’s decision this week to deny oil exploration licences in virgin or little-explored areas in 2022 is seen by experts as a largely symbolic move that nonetheless reflects the mounting pressure on the major fossil fuel producer to curb its exported emissions.

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California watchdog to ‘more pointedly’ call out allowance glut, suspect offsets

Published 22:26 on November 30, 2021  /  Last updated at 23:35 on November 30, 2021  /  Americas, Carbon Taxes, US  /  No Comments

A California independent advisory committee laid out options on Tuesday for how the state’s cap-and-trade programme could better align with climate targets while highlighting issues such as carbon border measures and the spike of non-compliance trading, as it debated its annual recommendations.

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Iceland’s new coalition sticks to 2040 net zero goal, ending oil exploration

Published 14:19 on November 29, 2021  /  Last updated at 14:19 on November 29, 2021  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Iceland’s coalition talks ended Sunday, confirming the nation’s existing climate and energy commitments, as the ruling bloc enters its second consecutive term after September’s general election.

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EU lawmakers seek changes to CO2 border measures that could ease impact on US emitters

Published 19:20 on November 26, 2021  /  Last updated at 19:49 on November 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The European Parliament’s cross-party trade committee is seeking changes to the EU’s proposed Carbon Border Adjustment Mechanism (CBAM) that could substantially lower costs faced by US emitters, according to a draft report published this week.

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Campaigners cheer small victory for Arctic at UN’s shipping climate talks

Published 18:08 on November 26, 2021  /  Last updated at 18:08 on November 26, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US  /  No Comments

A voluntary measure to reduce shipping’s black carbon emissions in the Arctic was adopted at the UN’s International Maritime Organisation (IMO) negotiations on Friday, a move welcomed by green groups as a modest step while other climate decisions for the sector were deferred. 

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EU’s lawmakers lack cohesive view as they take stock of COP26

Published 19:15 on November 24, 2021  /  Last updated at 21:36 on December 2, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

Members of the European Parliament put little pressure on the EU to raise its climate ambition further in a disjoined debate on Wednesday, with some lawmakers insisting China needs to do more to cut its emissions while others said the bloc must set a better example.

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ANALYSIS: US-led release of oil reserves defies carbon pricing push

Published 18:05 on November 24, 2021  /  Last updated at 18:05 on November 24, 2021  /  Africa, Americas, Asia Pacific, Carbon Taxes, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, Other APAC, South & Central, South Korea, Switzerland, US  /  No Comments

The US-led release of millions of barrels of oil from strategic reserves by major consumer nations this week goes in the opposite direction to what climate experts say will help shift the world off fossil fuels.

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Brussels considers setting 2030 carbon removals goal -leaked document

Published 20:44 on November 19, 2021  /  Last updated at 21:37 on December 2, 2021  /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms  /  No Comments

Brussels is considering setting an EU goal to permanently remove 5 MtCO2 a year from the atmosphere by 2030 as part of a wider strategy to develop carbon removals solutions, according to a leaked draft of a European Commission document.

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EU plans for a new carbon market reignite concerns over public backlash

Published 10:34 on November 19, 2021  /  Last updated at 12:40 on November 19, 2021  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

EU proposals for a new ETS for buildings and transport risk sparking a new wave of populism and further breaking up the bloc’s political landscape, experts warned this week as lawmakers get to grips with the plans.

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Canada’s Trudeau touts carbon tax, CBAM ahead of Three Amigos Summit

Published 22:21 on November 18, 2021  /  Last updated at 22:36 on November 18, 2021  /  Americas, Canada, Carbon Taxes, CBAM, Mexico, US  /  No Comments

Prime Minister Justin Trudeau has promoted Canada’s approach to carbon pricing including a potential carbon border adjustment mechanism (CBAM) during his trip to Washington DC, ahead of the Three Amigos Summit with leaders from the US and Mexico.  

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