Net-zero Canada dream limits economic growth -report
Canada’s plans to reduce emissions could cost workers thousands of dollars, and a quarter-million jobs by the half-century, according to a new report.
Read MoreShipping’s early uptake of sustainable e-fuels impossible without emissions levy, modelling shows
Early uptake of sustainable e-fuels in the shipping sector will only take place if an e-fuel reward is introduced, with the revenue raised via carbon levy, new analysis has found.
Read MoreJakarta eyes regional carbon pricing scheme
The Jakarta metropolitan region, accounting for nearly 5% of Indonesia’s emissions, is considering launching its own carbon pricing mechanism and achieve net zero status by 2050, according to documents from the Asian Development Bank (ADB).
Read MoreRussia needs $25/t carbon price to sprout afforestation, say academics
Russia will need a jurisdictional price of between $20-25 per credit to see significant growth in afforestation, more than double the levy set under the pilot Sakhalin scheme, according to a new academic paper.
Read MoreEU CBAM could cost Northern Ireland up to £200 mln per year -report
The EU’s Carbon Border Adjustment Mechanism (CBAM) may be costly and disruptive for Northern Ireland, requiring payments of up to £200 million a year — unless the bloc and UK decide to link their emissions trading schemes, a new report warned on Wednesday.
Read MoreEU centre-right divide deepens amid “violent” talks on ETS2 and CBAM
The ruling centre-right European People’s Party (EPP) is facing intense internal divisions over the future of the EU’s Emissions Trading System for road and heating fuels (ETS2) and the Carbon Border Adjustment Mechanism (CBAM), and has so far failed to reach consensus on what the bloc’s 2040 emissions reduction target should be.
Read MoreCzechia calls for CBAM changes to cut admin burdens
Czechia is pushing for a “detailed evaluation” of the EU’s Carbon Border Adjustment Mechanism (CBAM) as part of a review of the legislation due to take place before the end of 2025.
Read MoreNigeria must bring in carbon market regulations soon to attract investment -experts
The government of Nigeria must legalise carbon market regulations soon in order to boost investor confidence and promote participation, according to experts at a recent stakeholders’ consultation.
Read MoreFrance floats initial suggestions for EU CBAM reform
Paris has made initial suggestions for reforming the EU’s Carbon Border Adjustment Mechanism (CBAM) and is planning to gather further input in the coming weeks with a view to preventing carbon leakage – or relocation of industries abroad to avoid the EU’s CO2 pricing policies.
Read MoreUK urged to strengthen CCS policies with emitter storage obligations to meet net-zero goals
The UK must adopt a more robust policy framework to accelerate carbon capture and storage (CCS) deployment and meet its legally binding net-zero emissions target by 2050, according to experts.
Read More