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European Commission president confirms “at least 55%” 2030 climate target

Published 09:10 on September 16, 2020  /  Last updated at 16:32 on September 17, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Commission is set to propose an upgraded 2030 target of at least 55% below 1990 levels, the EU executive’s president told EU lawmakers on Wednesday.

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Netherlands confirms carbon tax on ETS-covered industry

Published 19:47 on September 15, 2020  /  Last updated at 08:35 on September 16, 2020  /  Aviation/CORSIA, Carbon Taxes, EMEA, EU ETS, International  /  No Comments

The Netherlands will apply from next year a carbon tax on EU ETS-covered heavy industries, the government announced Tuesday, though high EUA prices and wide initial exemptions mean the levy may have little impact at first.

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EU Parliament study assesses the assembly’s own GHG reduction pathways

Published 18:52 on September 15, 2020  /  Last updated at 01:04 on September 16, 2020  /  Carbon Taxes, EMEA, EU ETS, International, Kyoto Mechanisms, Voluntary Market  /  No Comments

The European Parliament should put in place measures to cut emissions from MEP travel and energy use as part of an institution-wide 2030 carbon footprint reduction target, according to a study published by the assembly’s secretariat on Tuesday.

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EU Parliament supports expanding ETS to international shipping from 2022

Published 14:56 on September 15, 2020  /  Last updated at 01:55 on September 16, 2020  /  Carbon Taxes, EMEA, EU ETS, Shipping  /  No Comments

The European Parliament on Tuesday adopted an amendment that could fast-track the inclusion of emissions from ships using EU ports to the bloc’s ETS as of Jan. 2022.

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EU ETS free allocation should be “better targeted” to reflect climate goals, auditors say

Published 13:30 on September 15, 2020  /  Last updated at 01:17 on September 16, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The current system of free allocation of EU carbon allowances should be “better targeted” in light of the bloc’s net zero 2050 emissions goal and the enhanced ambition for 2030, the EU’s auditing body said.

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MARCU MY WORDS: The vision for the EU ETS in the 2030 Framework – will it be up to the challenge?

Published 10:42 on September 15, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, Conversations, EMEA, EU ETS, Views  /  No Comments

With so many issues being brought to the table and put on the menu for possible EU ETS reforms and to embody the European Green Deal, there is a real risk of not being able to see the forest for the trees, argues Andrei Marcu. Any revision of the EU ETS needs to be put in the context of the role of the market in the 2030 timeframe and beyond, and the objectives of the review. If not, we may get wrong not only the review of the EU ETS but also, due to a lack of debate, its role going forward.

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Brussels to propose “at least 55%” climate target for 2030, one-off supply cut

Published 19:04 on September 13, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Commission will propose raising the EU’s 2030 emissions reduction target to “at least 55%”, while exploring a one-off supply cut as a way of aligning the ETS with the new goal, according to a leaked draft due to be presented over the coming days.

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To align with tougher EU climate goals, Germany to raise domestic carbon prices a second time

Published 20:52 on September 11, 2020  /  Last updated at 23:45 on September 15, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Germany will need to raise the costs under its domestic carbon pricing scheme for transportation and heating a second time in order to meet the more ambitious climate goals to be targeted by the EU, Economy and Energy Minister Peter Altmaier said Friday.

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Montana governor downplays council’s carbon pricing recommendations

Published 18:03 on September 10, 2020  /  Last updated at 00:50 on September 16, 2020  /  Americas, Carbon Taxes, US  /  No Comments

A Montana climate council called on the state to explore the feasibility of either a federal or regional CO2 pricing approach as part of a swath of proposed emissions reduction methods on Wednesday, but subsequent comments from Governor Steve Bullock (D) and the state’s probable Republican-led legislature going forward suggest the recommendation may never come to pass.

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Global offset demand to outstrip supply by 2025 -Fitch

Published 10:16 on September 10, 2020  /  Last updated at 00:52 on September 16, 2020  /  Carbon Taxes, International, Voluntary Market  /  No Comments

Global demand for carbon offsets is likely to surpass supply by around 2025 as governments tighten climate regulations and more major emitters set voluntary net zero targets, according to a report by ratings agency Fitch.

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