COP29: Thailand to present draft climate change bill to cabinet in December -official
The government of Thailand will submit the draft climate change bill containing provisions for an emissions trading scheme and a carbon tax for cabinet approval by December, but expecting a final bill to be implemented only by 2026, a government official told Carbon Pulse.
Read MoreCOP29: Carbon pricing coverage to hit 34% of global emissions in next five years -report
A report has found that expansion of carbon trading systems will see emissions covered by pricing mechanisms rise to 34% over the next five years.
Read MoreChile’s decarbonisation plan lays out carbon pricing, battery measures for public input
Chile has this week launched a public consultation for a national decarbonisation plan with action items tied explicitly to its ETS and carbon tax plans, and attracting investment in battery storage.
Read MoreCOP29: Carbon markets crucial to unlock GHG cuts in heavy industry, alliance says
Governments must act now to unlock demand that would spur green industry, a global network of industrial stakeholders has said, with carbon markets a key tool required to make this happen.
Read MoreBrazil’s Senate overcomes long-standing impasse, approves national ETS legislation
Brazil’s Senate voted Wednesday to approve landmark national ETS legislation, overcoming a year of negotiations to pass a cap-and-trade scheme set to be the largest in Latin America.
Read MoreSouth Africa looks to boost domestic carbon credit use
South Africa is looking to introduce sweeping changes to boost phase two of its carbon tax scheme, mandating a much higher level of domestic carbon credit use for mitigation, as it seeks to align its climate policies with the Paris Agreement, a public consultation paper has revealed.
Read MoreCOP29: Ghana, Singapore further Article 6 relationship
Ghana has announced a step forward under its agreement with Singapore on carbon markets by operationalising the digital trading and settlement of ITMOs under Article 6.2, according to a Wednesday announcement.
Read MoreCanada plans to tax the small business carbon tax rebate overdue for five years
The federal government plans to tax the carbon tax rebate still owed to small businesses five years into Canada’s federal carbon levy, a non-profit said Tuesday.
Read MoreCOP29: Carbon pricing, global financial overhaul needed for climate justice -Barbados
The government of Barbados, an outspoken voice advocating global financial reform at the so-called ‘finance COP’, has called for integrating carbon pricing into climate justice to support historically marginalised, climate-vulnerable developing countries.
Read MoreCOP29: UN regional centres helping to build global Article 6 capacity
UN Regional Collaboration Centres (RCCs) channelling funds from the Clean Development Mechanism (CDM) have played a key role in developing notable Article 6 and carbon pricing initiatives in the Global South, with ongoing projects expected to yield further concrete outcomes in the near and medium term.
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