“Infinite carrots” won’t solve Australian carbon leakage as a CBAM emerges as option, expert says
Carbon leakage is a problem that is still worth worrying about for Australia, and a Carbon Border Adjustment Mechanism (CBAM) is a logical way to address it, an industry expert told a Sydney conference Tuesday.
Read MoreOECD climate group to discuss national carbon pricing approaches, advance stocktake work at fall dialogue meeting
An OECD committee assembled to help improve the impact of emissions reduction efforts around the world through enhanced multilateralism will meet this autumn to discuss countries’ various carbon pricing approaches, as part of an initiative to take stock of global efforts, examine their effectiveness, and prevent carbon leakage.
Read MoreColombian government announces billion-dollar fund to tackle deforestation
The Colombian environment ministry on Wednesday announced a fund to help reduce deforestation and put the country on track to reach its climate targets.
Read MoreCarbon Pulse grows global news reporting team by almost 50% in biggest hiring push yet
FREE READ – Carbon Pulse has increased its global team of reporters by nearly 50% in its largest hiring push to date, as the company channels significant investment into further strengthening the world’s premier carbon markets news service.
Read MoreAFRICA CLIMATE SUMMIT: Leaders call for global carbon taxation regime following $23 bln of pledges
African leaders adopted the “Nairobi Declaration” as the curtain closed on the inaugural Africa Climate Summit in Kenya on Wednesday, calling for a tax on fossil fuels, aviation and maritime transport, and a reform of the world financial system that they said penalises African nations with excessively high interest rates.
Read MoreMalaysia considering carbon tax to help reduce emissions, state govt official says
The federal government of Malaysia is considering a carbon tax to reduce greenhouse gas emissions, a state official said according to local media.
Read MoreCameroon mulls introducing carbon tax, local media reports
Cameroon’s President Paul Biya has hinted at the possibility of introducing a carbon tax as part of the country’s 2024 Finance Act, local media reported this week.
Read MoreTata Steel boss says India should change approach on CBAM
India should rename some of its current fees and levies as carbon taxes to get a better deal under the EU’s carbon border adjustment mechanism, instead of opting for flat refusal of the entire scheme, the CEO of Tata Steel has told local media.
Read MoreIreland works towards adopting a similar woodland code to the UK, says corporate looking to invest
Ireland is working towards adopting a similar code to the UK’s Woodland Carbon Code (WCC) to incentivise reforestation and afforestation projects, according to an Irish property developer looking to offset its residual emissions by financing tree planting on its home turf.
Read MoreTaiwan set to postpone carbon levy to 2025 -media
Taiwan plans to push back the timeline for its upcoming carbon levy scheme by a year given the slower-than-expected policy progress, despite rising concerns over the island’s climate goals and industry competitiveness, local media has reported.
Read More