Axing of Canada’s consumer carbon tax expected to have limited impact on inflation -report
A new report estimates that removing the consumer portion of Canada’s carbon tax could save drivers the amount added at the pumps since inception of the levy, but slow price growth minimally, according to a new report.
Read MoreCleaner US manufacturing advantaged in more carbon-conscious world of trade -report
US manufacturers are two times more carbon efficient than the world average, and are well-positioned to take advantage of an increasingly emissions-conscious world trade environment, according to a report.
Read MoreGlobal shipping stakeholders not expecting major breakthroughs at IMO’s April meeting
An upcoming meeting at the UN’s International Maritime Organization’s (IMO) is expected to yield small incremental gains rather than a finalised set of policies, said several industry stakeholders.
Read MoreIMF-Morocco deal wraps up without implementing CO2 tax
Morocco has delayed introducing a long-awaited carbon tax that was expected to be part of a $1.2 billion financing deal with the North African country, the International Monetary Fund (IMF) has revealed.
Read MoreFull UK-EU ETS link-up may not be realistic, UK lawmaker concedes
A full link-up of the UK and EU emissions trading systems (ETSs) is not “realistic”, but the two sides should try and get as close as possible, a UK lawmaker conceded following a two-day meeting between British and EU parliamentarians.
Read MorePower sector flags “major issues” with EU-UK electricity trade ahead of CBAM
Electricity producers have called on the European Commission to improve the EU’s Carbon Border Adjustment Mechanism (CBAM) before it starts applying next year, pointing to the risk of “double paying” CO2 charges when importing from the UK, and asking for “more realistic default values” to be applied when evaluating the emissions intensity of Britain’s electricity exports to Europe.
Read MoreSouth Africa likely to face carbon credit shortage for another decade, analysts find
The current shortfall of carbon offsets in the South African market is expected to continue over the next decade under a default compliance scenario, with supply expected to supersede demand only in 2038, according to a recently published analysis.
Read MoreCERAWeek: Global CBAMs “will be a feature, not a bug” moving forward -panellists
Carbon border adjustment mechanisms (CBAMs) are expected to continue to grow across the globe and play a prominent role in trade relations in the coming years, experts said at the CERAWeek conference.
Read MoreCBAM threatens European technology sector, study warns
The EU’s Carbon Border Adjustment Mechanism (CBAM) could significantly weaken the European technology industry’s competitiveness by increasing production costs nearly 50% for some sectors, leading to carbon leakage and job losses, a new study has warned.
Read MoreBahrain officials propose carbon pricing in national budget package
Bahraini representatives in charge of the General Budget (2025-26) have proposed a carbon pricing system for businesses to support financial sustainability and achieve the country’s goal for net zero emissions.
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