Net-zero Canada dream limits economic growth -report

Published 21:45 on January 30, 2025  /  Last updated at 23:11 on January 30, 2025  / /  Americas, Canada, Carbon Taxes

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.  

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Shipping’s early uptake of sustainable e-fuels impossible without emissions levy, modelling shows

Published 16:28 on January 30, 2025  /  Last updated at 16:28 on January 30, 2025  / /  Americas, Asia Pacific, Carbon Taxes, EMEA, International, Shipping

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.

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Jakarta eyes regional carbon pricing scheme

Published 10:40 on January 30, 2025  /  Last updated at 10:40 on January 30, 2025  / /  Asia Pacific, Carbon Taxes, Other APAC, Voluntary

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).

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Russia needs $25/t carbon price to sprout afforestation, say academics

Published 17:32 on January 29, 2025  /  Last updated at 17:32 on January 29, 2025  / /  Carbon Taxes, EMEA, Nature-based, Voluntary

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.

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EU CBAM could cost Northern Ireland up to £200 mln per year -report

Published 17:24 on January 29, 2025  /  Last updated at 17:24 on January 29, 2025  / /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS

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.

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EU centre-right divide deepens amid “violent” talks on ETS2 and CBAM

Published 17:23 on January 28, 2025  /  Last updated at 17:23 on January 28, 2025  / and /  Carbon Taxes, CBAM, EMEA, EU ETS

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.

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Czechia calls for CBAM changes to cut admin burdens

Published 09:19 on January 28, 2025  /  Last updated at 09:19 on January 28, 2025  / /  Carbon Taxes, CBAM, EMEA, EU ETS

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.

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Nigeria must bring in carbon market regulations soon to attract investment -experts

Published 14:00 on January 27, 2025  /  Last updated at 14:00 on January 27, 2025  / /  Africa, Carbon Taxes, EMEA, Voluntary

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.

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France floats initial suggestions for EU CBAM reform

Published 09:10 on January 27, 2025  /  Last updated at 09:10 on January 27, 2025  / /  Carbon Taxes, CBAM, EMEA, EU ETS

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.

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UK urged to strengthen CCS policies with emitter storage obligations to meet net-zero goals

Published 01:29 on January 24, 2025  /  Last updated at 01:29 on January 24, 2025  /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS, Voluntary

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.

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