Carbon border schemes face multiple real-world hurdles -researchers
Border carbon adjustments risk being imperilled amid a raft of legal and implementation constraints that could undermine any climate benefits, researchers warned in a paper published this week.
Read MoreFrance seeks to broker “early deal” on CBAM to secure EU industry’s trust
France is seeking to strike a early deal among EU countries on the bloc’s proposed carbon border adjustment mechanism (CBAM) under its upcoming six-month term as holder of the EU Council presidency, according to a government official.
Read MoreKazakhstan to make big emissions cap cuts -media
Kazakhstan will make significant cuts in the number of free allowances issued in its emissions trading scheme over the next four years, according to a national economy plan for 2022-25.
Read MoreFEATURE: Plugging the EU leak – all eyes on upstream natural gas emissions
Natural gas, touted by some as a gateway fuel to decarbonisation, has increasingly come under fire in the EU for emissions associated with its full production cycle, where the bloc’s cap-and-trade system continues to send incomplete price signals and voluntary carbon markets grapple with the gap.
Read MoreBrussels outlines plans for how carbon pricing will repay EU’s recovery debt
The European Commission proposed on Wednesday to channel some of the expected revenues from its planned carbon border adjustment mechanism (CBAM) and extended ETS towards repaying debt raised to finance the bloc’s €800 billion post-pandemic recovery fund.
Read MoreRussia seeks recognition for its carbon pricing plans -media
Russia wants to make sure that the carbon pricing system it’s developing is recognised by the EU and other major trading partners, Bloomberg reported on Tuesday, citing Deputy Finance Minister Alexei Sazanov.
Read MoreNew York dials back clean fuel standard recommendation in draft Scoping Plan release
The New York Climate Action Council (CAC) on Monday approved a draft Scoping Plan for orchestrating the state’s GHG reduction strategy, with members of the body softening language that had endorsed a clean fuel standard while adding a section on possible economy-wide CO2 pricing strategies.
Read MoreSwitzerland tries again on climate policy after voter rejection
Switzerland set out new climate proposals on Friday, upping its reliance on international credits and dropping flight and car fuel levies after its original plans were rejected this summer in a controversial referendum.
Read MorePREVIEW: After ‘patchy’ progress, EU ministers meet to discuss ‘Fit for 55’
EU nations are struggling to get to grips with Brussels’s ‘Fit for 55’ climate policy package, the outgoing Slovenian presidency warned on Friday ahead of a meeting of environment ministers next week.
Read MoreSteel recycling a cost-effective way to cut emissions in nearer term, report says
Expansion of scrap steel recycling technology will be a key nearer term opportunity to lower emissions from carbon-intensive steelmaking, especially among Asian producers such as China, Japan, and South Korea, where its use is lower compared with the US and EU, a report released on Friday has claimed.
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