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Canada can tighten provincial CO2 pricing loopholes following Supreme Court ruling -experts

Published 21:47 on March 31, 2021  /  Last updated at 21:47 on March 31, 2021  /  Americas, Canada, Carbon Taxes  /  No Comments

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. 

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Germany confirms compensation system to avoid double burden between EU and national ETS

Published 18:06 on March 31, 2021  /  Last updated at 00:48 on April 1, 2021  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

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.

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Governments remain short of effective carbon pricing rates, says OECD

Published 19:45 on March 30, 2021  /  Last updated at 19:45 on March 30, 2021  /  Americas, Asia Pacific, Carbon Taxes, EMEA, International  /  No Comments

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.

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Morgan Stanley raises EU carbon price outlook on positive political signals, investor demand

Published 23:02 on March 29, 2021  /  Last updated at 01:23 on March 30, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

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.

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US Carbon Pricing and LCFS Roundup for week ending Mar. 26, 2021

Published 20:44 on March 26, 2021  /  Last updated at 21:30 on March 26, 2021  /  Americas, Carbon Taxes, RINs & LCFS, US  /  No Comments

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.

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Think-tank floats way to combine EU carbon border measure with free allocation under ETS

Published 20:43 on March 26, 2021  /  Last updated at 20:43 on March 26, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

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.

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MARC(U) MY WORD: Ensuring the acceptability of border carbon adjustments

Published 14:00 on March 26, 2021  /  Last updated at 21:27 on March 29, 2021  /  Africa, Americas, Asia Pacific, Australia, Canada, Carbon Taxes, CBAM, China, Climate Talks, Dialogue, EMEA, EU ETS, International, Views  /  No Comments

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.

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EEX to handle permit sales, auctions under new German carbon pricing scheme

Published 16:03 on March 25, 2021  /  Last updated at 18:08 on March 25, 2021  /  Carbon Taxes, EMEA, EU ETS  /  No Comments

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.

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Canadian Supreme Court upholds legality of federal CO2 pricing regime

Published 13:53 on March 25, 2021  /  Last updated at 22:28 on March 25, 2021  /  Americas, Canada, Carbon Taxes  /  No Comments

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.

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EU carbon border levy “can’t neglect least-developed countries”, says IPCC advisor

Published 19:38 on March 23, 2021  /  Last updated at 23:28 on March 23, 2021  /  Africa, Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

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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