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UK aims to keep domestic carbon price at current levels near £24/tonne until 2025

Published 15:41 on November 22, 2017  /  Last updated at 15:50 on November 22, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

The UK government aims to keep its domestic carbon price near current levels of around £24/tonne until 2025, it said in its autumn budget released Wednesday, a move that will allow the rest of the EU to catch up to Britain’s high national price via the bloc’s carbon market but which could endanger the country’s long-term climate goals.

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CP Daily: COP23 Special

Published 13:17 on November 20, 2017  /  Last updated at 14:35 on November 20, 2017  /  Africa, Americas, Asia Pacific, Aviation, Canada, Carbon Taxes, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, South & Central, US, Voluntary Market  /  No Comments

UN climate talks held in Bonn, Germany from Nov. 6-17 made modest progress on a number of technical issues including rules underpinning global carbon trading under the Paris Agreement, but a great deal of work remains ahead of next year’s deadline to complete the 2015 pact’s rule book.

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Replacing Ontario’s carbon market with a tax will cut more emissions -study

Published 20:18 on November 15, 2017  /  Last updated at 21:49 on November 15, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Replacing Ontario’s cap-and-trade scheme with a revenue-neutral carbon tax, as the province’s poll-leading Progressive Conservatives have vowed to do, would result in larger emission reductions, a new study shows.

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Portugal targets coal, carbon with taxes new and old

Published 19:09 on November 15, 2017  /  Last updated at 19:09 on November 15, 2017  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

Portugal will remove tax exemptions for coal from next year to help phase it out of its power sector, while “revitalising” its national carbon tax.

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Fix it or reject it: Environmental groups blast Nova Scotia’s carbon market plans

Published 00:58 on November 4, 2017  /  Last updated at 00:58 on November 4, 2017  /  Americas, Canada, Carbon Taxes, US  /  No Comments

Two Canadian environmental groups have outlined what they say are major flaws in Nova Scotia’s proposed carbon market that, if not addressed, should result in the programme being rejected by Ottawa.

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Canada puts cash towards GHG-counting blockchain project in Pacific Alliance nations

Published 17:10 on November 1, 2017  /  Last updated at 17:10 on November 1, 2017  /  Americas, Carbon Taxes, Climate Talks, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central, US, Voluntary Market  /  No Comments

Canada will provide C$1.6 million to the four Latin American nations of the Pacific Alliance to assess whether blockchain technology can help with aligning their emission auditing methods as they move towards a regional voluntary carbon market.

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Global carbon pricing costs, coverage need to rapidly increase, World Bank report warns

Published 16:57 on November 1, 2017  /  Last updated at 16:57 on November 1, 2017  /  Africa, Americas, Asia Pacific, Canada, Carbon Taxes, China, China's National ETS, China's Pilot Markets, Climate Talks, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, South & Central, US, Voluntary Market  /  No Comments

The expansion of carbon pricing globally needs to accelerate, while the cost of emitting in most of the jurisdictions that have programmes in place needs to increase rapidly, a World Bank report warned on Wednesday.

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Carbon cash cow: Canadian provincial CO2 revenues set to soar, says RBC economist

Published 23:13 on October 31, 2017  /  Last updated at 23:14 on October 31, 2017  /  Americas, Canada, Carbon Taxes  /  No Comments

Canadian provincial government revenues from carbon pricing schemes are set to more-than double to C$4.7 billion in 2017-18, with that figure poised to climb by a third the following year, according to a report from the economics division of the Royal Bank of Canada.

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Carbon pricing proving tricky piece of corporate climate risk puzzle

Published 17:14 on October 31, 2017  /  Last updated at 17:14 on October 31, 2017  /  Americas, Asia Pacific, Carbon Taxes, Climate Talks, EMEA, International, New Market Mechanisms, US, Voluntary Market  /  No Comments

Assessing the impact of carbon pricing is one of the most tricky elements companies face as they come under increasing pressure from investors and regulators to disclose their climate risks, a group of experts said Tuesday.

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Singapore outlines credit-based carbon tax system

Published 09:30 on October 31, 2017  /  Last updated at 08:01 on November 2, 2017  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

Singapore on Tuesday released a draft version of its carbon tax system, proposing to use a carbon credit-based approach from 2019 without the option to trade.

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