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Two more African nations ready themselves for international carbon trading

Published 23:42 on December 19, 2022  /  Last updated at 02:52 on December 20, 2022  /  Africa, Carbon Taxes, EMEA, Nature-based, Paris Article 6, Voluntary  /  No Comments

Two more African nations have introduced guidelines and regulations to govern carbon trading, with a view to selling forest credits and other types of offsets to foreign buyers.

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EU legislators strike provisional deal on remaining ETS elements of Fit for 55 package

Published 05:31 on December 18, 2022  /  Last updated at 10:21 on December 19, 2022  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping  /  No Comments

EU legislators struck a provisional deal on the remaining EU ETS-related bills under the bloc’s overarching Fit for 55 climate policy package early Sunday, agreeing to backload efforts until later in the decade but securing a slightly higher 2030 emissions reduction target than originally proposed. 

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PREVIEW: EU legislators gear up for ‘jumbo’ talks to reshape the carbon market

Published 18:28 on December 15, 2022  /  Last updated at 11:17 on December 16, 2022  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

EU legislators will on Friday aim to negotiate to a finish EU ETS-related bills under the bloc’s overarching Fit for 55 climate policy package, with talks expected to last over one or even two nights.

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Japan ministry proposes to move forward carbon levy start date

Published 10:40 on December 14, 2022  /  Last updated at 10:40 on December 14, 2022  /  Asia Pacific, Carbon Taxes, Japan  /  No Comments

Japan’s Ministry of Economy, Trade, and Industry (METI) on Wednesday proposed to start taxing fossil fuel imports and some other carbon-related activities two years earlier than its previous proposal, as the government continues to work on its plan to gradually roll out a comprehensive carbon pricing system this decade.

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EU legislators strike provisional deal to impose carbon border measures 

Published 08:17 on December 13, 2022  /  Last updated at 09:33 on December 15, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

EU legislators reached a provisional agreement early on Tuesday to impose a carbon border adjustment mechanism (CBAM) on selected imported goods, though the pace of its replacement with EU ETS free allocation as a carbon leakage protection measure is yet to be determined. 

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Bursa Malaysia launches VCM exchange for local and international carbon traders

Published 08:06 on December 9, 2022  /  Last updated at 08:06 on December 9, 2022  /  Asia Pacific, Carbon Taxes, CBAM, International, Nature-based, Other APAC, Voluntary  /  No Comments

Bursa Malaysia officially launched its voluntary carbon market (VCM) exchange on Friday, to be known as BCX, an initiative jointly developed with the Malaysian ministries of environment and finance, as the Southeast Asian nation seeks to unlock sources of VCM revenue to help meet its climate and environmental policy goals.

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MSR raid may be back on the table as REPowerEU, EU ETS reform talks near end

Published 19:28 on December 8, 2022  /  Last updated at 04:22 on December 9, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

An option to raise €20 billion for the REPowerEU package by selling allowances held in the supply-managing MSR is still being discussed by legislators in final negotiations, an MEP close to the process said Thursday, reflecting on a controversial idea that had been widely considered ‘off-the-table’. 

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Industry groups urge EU to include export support in carbon border measures

Published 19:01 on December 6, 2022  /  Last updated at 19:25 on December 6, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Industry representatives are piling pressure on European institutions to introduce WTO-compliant ‘export adjustments’ to the proposed carbon border adjustment mechanism (CBAM) as talks over the mechanism near closure.

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Activity ramps up in GEO futures after UN deal stokes offset compliance talk

Published 15:54 on December 5, 2022  /  Last updated at 22:58 on January 3, 2023  /  Asia Pacific, Aviation/CORSIA, Carbon Taxes, China, International, Japan, Nature-based, Other APAC, Paris Article 6, Switzerland, Voluntary  /  1 Comment

Activity is ramping up in the CBL GEO futures on the CME exchange ahead of the introduction of the first phase of the airline scheme the standardised contract is based on, although the move also coincides with increasing talk of using these types of carbon credits in national compliance programmes.

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CCUS in India has key net zero role but needs incentives, govt think-tank says

Published 10:43 on December 5, 2022  /  Last updated at 10:43 on December 5, 2022  /  Asia Pacific, Carbon Taxes, Other APAC  /  No Comments

CCUS can play a critical role in India’s decarbonisation efforts but a viable policy framework that prioritises financial and tax incentives across the value chain needs to be put in place to bring it to scale, including via the carbon market, a government think-tank has urged.

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