Denmark moves to compensate CO2 tax burden on fisheries until 2030
Denmark will help its fishing industry with costs expected from a domestic CO2 levy introduced at the start of this year, according to a government release Monday.
Read MoreCarney plans to replace Canadian consumer carbon tax with ‘green’ incentives, industry to pick up tab
Federal Liberal leadership hopeful Mark Carney, former governor of the Bank of Canada, is pledging to scrap the country’s contentious consumer carbon tax in favour of ‘green’ incentives and tougher targets for heavy industry.
Read MoreGermany greenlights overdue EU ETS reform law
Europe’s largest economy has finally moved to transpose the latest version of the EU Emissions Trading System (ETS) regulation into national law.
Read MoreWTO-backed technology transfer can help Caribbean meet EU CBAM challenge -think tank
The World Trade Organization (WTO) can support members of the Caribbean Community (CARICOM) intergovernmental union to avert the worst impacts of the EU Carbon Border Adjustment Mechanism (CBAM), according to a regional think tank, though CARICOM should also pursue greater intra-bloc alignment between climate and international trade policy.
Read MoreNet zero Canada dream limits economic growth -report
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.
Read MoreShipping’s early uptake of sustainable e-fuels impossible without emissions levy, modelling shows
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.
Read MoreJakarta eyes regional carbon pricing scheme
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).
Read MoreRussia needs $25/t carbon price to sprout afforestation, say academics
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.
Read MoreEU CBAM could cost Northern Ireland up to £200 mln per year -report
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.
Read MoreEU centre-right divide deepens amid “violent” talks on ETS2 and CBAM
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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