Canada can tighten provincial CO2 pricing loopholes following Supreme Court ruling -experts
The Canadian federal government can mandate that provinces increase the ambition of their own programmes going forward after the Supreme Court of Canada’s judgement upheld the constitutionality of the federal ‘backstop’ CO2 pricing regime, according to experts.
Read MoreGermany confirms compensation system to avoid double burden between EU and national ETS
Germany adopted a regulation on Monday that entitles EU ETS-covered companies to compensation for costs faced under its national emissions trading scheme (nEHS) for transport and heating fuels.
Read MoreGovernments remain short of effective carbon pricing rates, says OECD
Governments have made some progress on pricing carbon from energy use, but the values are still well below estimates of the real cost to the planet, according to OECD analysis published on Tuesday.
Read MoreMorgan Stanley raises EU carbon price outlook on positive political signals, investor demand
Morgan Stanley has raised its near-term outlook for EU carbon prices to above €50 on “positive” political signals and continued inflow of new investor capital into the market.
Read MoreUS Carbon Pricing and LCFS Roundup for week ending Mar. 26, 2021
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in New Mexico, Oregon, and New York.
Read MoreThink-tank floats way to combine EU carbon border measure with free allocation under ETS
A carbon border adjustment mechanism (CBAM) can co-exist with free allocation for industry in the EU ETS, but only if implemented in the form of a “climate contribution” to complement the bloc’s carbon market, researchers argue.
Read MoreMARC(U) MY WORD: Ensuring the acceptability of border carbon adjustments
EU discussion over imposing a border carbon adjustment has mostly focused on the technical design and implementation challenges raised by this complex instrument. Even the most robust design will mean little, however, if the measure fails to secure buy-in from relevant stakeholders in Europe and abroad, write Andrei Marcu of think-tank ERCST and Michael Mehling of MIT.
Read MoreEEX to handle permit sales, auctions under new German carbon pricing scheme
German energy exchange EEX has been selected to handle the sales and auctions of emissions allowances under the country’s new domestic carbon pricing scheme.
Read MoreCanadian Supreme Court upholds legality of federal CO2 pricing regime
The Canadian federal government has the authority to impose its ‘backstop’ CO2 levy and output-based pricing system (OBPS) on recalcitrant provinces, the nation’s Supreme Court ruled Thursday, in a major victory for Prime Minister Justin Trudeau’s landmark climate strategy.
Read MoreEU carbon border levy “can’t neglect least-developed countries”, says IPCC advisor
The EU cannot neglect the projected growth in emissions from least-developed countries (LDCs) when designing its carbon border adjustment mechanism (CBAM), an IPCC senior advisor said on Tuesday.
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