Top

Carbon border schemes face multiple real-world hurdles -researchers

Published 18:48 on January 4, 2022  /  Last updated at 01:13 on January 6, 2022  /  Americas, Canada, Carbon Taxes, CBAM, EMEA, EU ETS, International, US  /  No Comments

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 More
Top

France seeks to broker “early deal” on CBAM to secure EU industry’s trust

Published 17:53 on December 23, 2021  /  Last updated at 01:13 on January 6, 2022  /  Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

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 More
Top

Kazakhstan to make big emissions cap cuts -media

Published 11:49 on December 23, 2021  /  Last updated at 11:49 on December 23, 2021  /  Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, Other APAC  /  No Comments

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 More
Top

FEATURE: Plugging the EU leak – all eyes on upstream natural gas emissions

Published 20:27 on December 22, 2021  /  Last updated at 01:13 on January 6, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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 More
Top

Brussels outlines plans for how carbon pricing will repay EU’s recovery debt

Published 19:43 on December 22, 2021  /  Last updated at 00:55 on December 23, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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 More
Top

Russia seeks recognition for its carbon pricing plans -media

Published 11:04 on December 21, 2021  /  Last updated at 01:13 on January 6, 2022  /  Asia Pacific, Carbon Taxes, CBAM, EMEA, International, Voluntary Market  /  No Comments

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 More
Top

New York dials back clean fuel standard recommendation in draft Scoping Plan release

Published 00:21 on December 21, 2021  /  Last updated at 00:21 on December 21, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US  /  No Comments

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 More
Top

Switzerland tries again on climate policy after voter rejection

Published 22:51 on December 17, 2021  /  Last updated at 07:15 on December 18, 2021  /  Carbon Taxes, EMEA, EU ETS, International, New Market Mechanisms  /  No Comments

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 More
Top

PREVIEW: After ‘patchy’ progress, EU ministers meet to discuss ‘Fit for 55’

Published 19:50 on December 17, 2021  /  Last updated at 00:55 on December 23, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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 More
Top

Steel recycling a cost-effective way to cut emissions in nearer term, report says

Published 08:30 on December 17, 2021  /  Last updated at 01:13 on January 6, 2022  /  Americas, Asia Pacific, Australia, Carbon Taxes, CBAM, China, EMEA, Japan, South Korea, US  /  No Comments

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.

Read More