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Double, triple counting of GHG reductions likely under overlapping Canadian CCUS policies

Published 22:24 on August 9, 2022  /  Last updated at 22:24 on August 9, 2022  /  Americas, Canada, Carbon Taxes, RINs & LCFS  /  No Comments

Canadian oil and gas producers could potentially receive compensation for reducing the same emissions under federal and subnational climate policies that incorporate carbon capture, utilisation, and storage (CCUS), threatening the environmental integrity of these programmes and deflating credit prices, experts told Carbon Pulse.

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China exporters likely to face rising costs from EU’s border measures -report

Published 09:45 on August 9, 2022  /  Last updated at 09:45 on August 9, 2022  /  Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Chinese exporters are likely to experience considerable cost pressure from the world’s first levy on carbon imports, the EU’s carbon border adjustment mechanism (CBAM), as China’s domestic emissions trading scheme is not ripe yet, a report has found.

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EU countries face tough trade-offs as they grapple with gas-curbing plans

Published 19:50 on August 8, 2022  /  Last updated at 19:50 on August 8, 2022  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

EU countries are getting to grips with generating energy savings in time for winter while ensuring their industries and end-consumers aren’t hit too hard, after the Council rubberstamped gas-cutting plans last week.

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Senator key to passing US climate bill backs Biden

Published 17:39 on August 5, 2022  /  Last updated at 18:52 on August 6, 2022  /  Americas, Carbon Taxes, Paris Article 6, US  /  No Comments

US Senator Kyrsten Sinema (D) is considered the final piece to the puzzle of passing a sweeping climate change, healthcare, and tax reform bill called the Inflation Reduction Act (IRA), and she’s signed on to vote in favour.

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Canada rebuffs Koch in cap-and-trade legal dispute

Published 07:13 on August 5, 2022  /  Last updated at 07:24 on August 5, 2022  /  Americas, Canada, Carbon Taxes, US  /  No Comments

The Canadian federal government has argued the carbon allowances Koch Industries purchased in the shuttered Ontario cap-and-trade system aren’t protected investments under the North American Free Trade Agreement (NAFTA), legal documents released Tuesday revealed, marking the latest development in a years long dispute.

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South Africa maps out proposed annual carbon tax increases through 2030

Published 04:43 on August 2, 2022  /  Last updated at 08:57 on August 2, 2022  /  Africa, Carbon Taxes, CBAM, EMEA, International, Voluntary Market  /  No Comments

The South African government has proposed tweaking the trajectory of increases to the country’s carbon tax in order to offer stakeholders more predictability.

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ANALYSIS: Best strategy for Canadian oil and gas CO2 pricing divides experts

Published 16:11 on July 27, 2022  /  Last updated at 16:11 on July 27, 2022  /  Americas, Canada, Carbon Taxes  /  No Comments

The Canadian federal government’s two proposed options to assign a carbon pricing mechanism to its oil and gas sector are dividing opinion among experts on the likelihood of the outcome and which option is the easiest to implement.

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CO2 pricing not the most efficient method of reducing power sector emissions -study

Published 23:02 on July 26, 2022  /  Last updated at 23:02 on July 26, 2022  /  Americas, Carbon Taxes, US  /  No Comments

Carbon pricing systems are only slightly more efficient than clean energy standards and subsidies in reducing emissions, and also lead to the overpricing of electricity, a recent working paper suggests.

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EU carbon prices to recover to €85-90 in August, analyst predicts

Published 23:25 on July 22, 2022  /  Last updated at 02:17 on July 23, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

EU carbon prices will recover to the €85-90 level in the next four weeks, an analyst has predicted, as the benchmark futures sank Friday to their lowest close since early March.

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Canada considers launching cap-and-trade system for oil and gas sector 

Published 20:03 on July 18, 2022  /  Last updated at 20:03 on July 18, 2022  /  Americas, Canada, Carbon Taxes, International, Nature-based, Voluntary Market  /  No Comments

The Canadian federal government proposed to either introduce a carbon trading programme or modify its existing ‘backstop’ CO2 pricing system on Monday as it plans a declining emissions cap for the oil and gas sector. 

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