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New Mexico should roll out carbon tax to hit long-term climate goals -report

Published 16:57 on December 4, 2018  /  Last updated at 16:59 on December 4, 2018  /  Americas, Carbon Taxes, US  /  No Comments

New Mexico should impose an escalating carbon tax or install a cap-and-trade programme across large emitting sectors if it wants to reach its long-term emissions goals, a new report has proposed.

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France delays carbon tax rise amid growing unrest

Published 16:08 on December 4, 2018  /  Last updated at 16:12 on December 5, 2018  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The French government is suspending the imminent increase of its domestic carbon tax on fuel and power, backing down to pressure following weeks of violent protests in Paris.

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Canadian provinces, groups take sides ahead of carbon tax legal battle

Published 00:49 on December 1, 2018  /  Last updated at 01:18 on December 1, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

A growing number of Canadian provinces and organisations are taking sides and requesting to intervene in the legal fights against the federal government’s carbon tax.

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South African govt proposes painful penalties for emitters that exceed carbon budgets

Published 22:33 on November 30, 2018  /  Last updated at 23:07 on November 30, 2018  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

Companies that exceed their emissions limits set under South Africa’s upcoming climate laws will be forced to pay a penalty of at least five times the country’s carbon tax.

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Ontario to utilise performance standards, innovation fund to hit weakened climate goals

Published 23:42 on November 29, 2018  /  Last updated at 01:25 on November 30, 2018  /  Canada, Carbon Taxes  /  No Comments

Ontario’s Progressive Conservative (PC) government on Thursday unveiled its new carbon tax-free climate strategy, which will see it use output-based performance standards (OBPS) for large emitters while incentivising additional GHG cuts through a fund to reach weakened 2030 reduction targets.

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Hawaii commission urges lawmakers to impose carbon tax on transportation

Published 23:31 on November 29, 2018  /  Last updated at 08:41 on December 1, 2018  /  Americas, Carbon Taxes, US  /  No Comments

A Hawaii climate commission this week urged lawmakers to enact a carbon tax to help the state curb its transportation emissions, despite the legislature failing to pass a CO2 pricing bill earlier this year.

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UPDATE – US House reps introduce revenue-neutral $15/tonne carbon tax

Published 23:09 on November 27, 2018  /  Last updated at 16:03 on November 28, 2018  /  Americas, Carbon Taxes, US  /  No Comments

A bipartisan group of US House representatives introduced a $15/tonne carbon fee and dividend bill on Tuesday that could signal the onset of increased climate policy efforts in next year’s Congress.

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Meeting 2C target requires tripling of NDC emission cut rate -UN report

Published 15:00 on November 27, 2018  /  Last updated at 15:15 on November 27, 2018  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, EMEA, International, South & Central  /  No Comments

Countries are going even further off track towards limiting global warming to 2C as emissions began increasing in 2017, according to a UN report that found nations must triple emissions cuts pledged under the Paris Agreement to keep within the temperature limit.

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South African govt floats long-delayed CO2 tax bill in parliament, updates offset rules

Published 23:21 on November 21, 2018  /  Last updated at 00:10 on November 22, 2018  /  Africa, Carbon Taxes, EMEA, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

South Africa’s finance minister on Tuesday introduced the government’s long-awaited carbon tax bill in the National Assembly, a week after the Treasury released updated draft offset regulations.

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Canadian emitters to face 12 Mt shortfall under OBPS in 2019 -analysts

Published 00:07 on November 20, 2018  /  Last updated at 10:28 on November 20, 2018  /  Americas, Canada, Carbon Taxes  /  No Comments

Large Canadian emitters to be regulated by the federal government’s output-based pricing standard (OBPS) from 2019 will face a compliance unit deficit of nearly 12 million tonnes during the market’s inaugural year, according to a new report released Monday.

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