Trudeau exit less cause for carbon market concern than impending Canadian election -analysts
Prime Minister Justin Trudeau’s resignation from Canada’s top seat could have little impact on the country’s carbon markets, or the broader clean fuels market, according to a new report by a US-based analytics group.
Read MoreGabon to introduce carbon levy for air, maritime transport
Gabon will require air and maritime transport operators to pay a new ecological contribution tied to their carbon emissions, following the adoption of a decree by the Central African country’s government on Sunday.
Read MoreCanadian PM Trudeau resigns amid carbon policy disputes, US tariff threats
Prime Minister Justin Trudeau announced on Monday his resignation from leading the Liberal Party of Canada, kicking off a process through which he will be replaced as prime minister, citing internal party battles and the need for a new leader ahead of an upcoming election.
Read MoreLATAM Roundup: Region looks inward to meet mitigation goals, Colombia releases CO2 tax data
The new year is poised to springboard domestic compliance markets, regulated voluntary markets, and Paris Agreement projects in Latin America and the Caribbean – but sees reluctance to rely on Article 6 to be a main driver of mitigation – as the region builds internal capacity to launch green growth.
Read MoreEU’s CBAM to face legal scrutiny under WTO rules, Japan finmin report portends
The EU’s recently enacted Carbon Border Adjustment Mechanism (CBAM), designed to prevent carbon leakage and support the bloc’s ambitious climate goals, faces potential legal challenges under World Trade Organization (WTO) rules, according to a new analysis published by Japan’s Ministry of Finance.
Read MoreStricter GHG pricing policies are redefining global trade patterns -WTO report
Stricter greenhouse gas pricing policies, including higher carbon taxes and reduced fossil fuel subsidies, are reshaping global trade by shifting competitive advantages among industries, according to a working paper published by the World Trade Organization.
Read MoreNew Danish carbon tax legislation to enter into force from 2025
Denmark is introducing a new tax on CO2 emitted by enterprises already covered in the EU Emissions Trading System (ETS), with an Emission Tax Act set to enter into force on Jan. 1, 2025.
Read MoreLATAM Year in Review: Carbon markets spring forward as major economies advance pricing schemes
Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms.
Read MoreChile adds two new standards to roster of offsets admissible under CO2 tax
Chile’s CO2 tax, which accepts select carbon units in lieu of payment on a tonne-for-tonne basis, has added two new standards and all their methodologies to its eligibility pool, potentially bringing in millions of tax-eligible credits to a supply-constrained market.
Read MoreINTERVIEW: CO2 to e-methanol project aims to improve outlook for EU steel
An industrial project to decarbonise steel and produce e-methanol aims to improve the competitiveness of Europe’s steel industry and reduce its exposure to the EU ETS.
Read More