Morocco to fulfil carbon tax, fossil fuel levy promises in 2025
The Moroccan finance ministry has presented a bill to launch a carbon tax in 2025 and lay the groundwork for an increase in value-added tax (VAT) on fossil fuels, following up on international promises to reform its system of environmental levies.
Read MoreBC Premier Eby pledges to scrap province’s carbon tax if Canadian federal mandate is removed
British Columbia Premier David Eby on Thursday announced that his government would end the province’s carbon tax if the Canadian federal government removes its legal requirement for provinces and territories to maintain one.
Read MoreColombia proposes nearly tripling carbon tax to about $17.50
Colombia’s finance ministry presented a draft financing bill this week that would almost triple the national carbon tax amid accusations that it remains too low to spur decarbonisation.
Read MoreANALYSIS: Talk isn’t cheap at the US presidential debate, as perceived risks shape compliance carbon markets
The first high-stakes US presidential debate between a swapped Democratic nominee and a Republican contender barely addressed environmental policy, yet some traders are factoring in potential volatility in compliance carbon markets before and after the November elections, adjusting positions based on perceived risks or opportunities.
Read MoreEU announces research project to assess impact of CBAM on its neighbours
The European Commission has announced fresh funding for a research project that explores the impact of the EU’s Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism (CBAM) on neighbouring countries.
Read MoreRevenue distribution boosts public acceptance of carbon pricing -report
Carbon pricing is easier to put in place with social policies backing it, according to new research.
Read MoreHigher emissions and EU carbon prices if no CBAM solution is found for UK power exports to EU -analysts
EU emissions and carbon prices could rise as a result of the bloc’s Carbon Border Adjustment Mechanism (CBAM), causing a reduction in power flows from the UK to the EU, according to scenarios modelled by an energy analytics firm.
Read MoreWorld Bank arm invests $60 mln to decarbonise Indonesia’s second largest steel producer
The World Bank’s International Finance Corporation (IFC) has provided a loan of $60 million to the second largest steel producer in Indonesia in order to help the firm transition to low-carbon production and drive sector-wide decarbonisation.
Read MoreLATAM Roundup: Int’l development institutions spotlight carbon pricing
Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending Sep. 1, which saw several carbon pricing announcements propelled by support from development banks and intergovernmental alliances.
Read MoreINTERVIEW: Turkish businesses unprepared for CBAM, says carbon startup founder
Turkish businesses are “not ready” to comply with the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a carbon startup founder who warned some companies could go bankrupt if they don’t plan ahead.
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