EU policy support crucial to decarbonising ammonia, US imports threaten competitiveness -report
Decarbonising Europe’s ammonia industry hinges on targeted subsidies and carbon pricing, but domestic producers may still lose out to cheaper US imports backed by generous subsidies and looser carbon accounting rules, a report released this week has found.
Read MoreMajor EU political groups commit to maintaining CBAM integrity
Three of the largest political groups in the European Parliament have pledged to uphold the integrity of the EU’s Carbon Border Adjustment Mechanism (CBAM) by limiting legislative changes to the scope proposed by the European Commission last month.
Read MoreEU teases metals industry with announced changes to CBAM for exports
Steel and aluminium producers have welcomed announced changes to the EU’s Carbon Border Adjustment Mechanism (CBAM) to deal with exports, and called on policymakers to move swiftly into gear in order to protect Europe’s industry.
Read MoreVietnam to develop voluntary carbon labelling for emissions-heavy exports
Vietnam’s Department of Climate Change (DCC) under the new Ministry of Agriculture and Environment (MAE) is working to design voluntary carbon accounting programmes and labelling for emissions-heavy businesses that export to Europe and the US.
Read MoreCleaner US manufacturing advantaged in more carbon-conscious world of trade -report
US manufacturers are two times more carbon efficient than the world average, and are well-positioned to take advantage of an increasingly emissions-conscious world trade environment, according to a report.
Read MoreEU lawmakers push for action on energy-intensive industries
Members of the European Parliament are urging action to support the EU’s energy-intensive industries, voicing concerns that persistently high energy prices and regulatory hurdles are undermining their global competitiveness and decarbonisation efforts.
Read MoreFull UK-EU ETS link-up may not be realistic, UK lawmaker concedes
A full link-up of the UK and EU emissions trading systems (ETSs) is not “realistic”, but the two sides should try and get as close as possible, a UK lawmaker conceded following a two-day meeting between British and EU parliamentarians.
Read MorePakistan faces $5-bln carbon market opportunity amid CBAM pressure -report
Pakistan can potentially generate between $2-5 billion from carbon markets by 2030 if the South Asian nation succeeds in reducing its industrial carbon footprint to counter the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a report.
Read MorePower sector flags “major issues” with EU-UK electricity trade ahead of CBAM
Electricity producers have called on the European Commission to improve the EU’s Carbon Border Adjustment Mechanism (CBAM) before it starts applying next year, pointing to the risk of “double paying” CO2 charges when importing from the UK, and asking for “more realistic default values” to be applied when evaluating the emissions intensity of Britain’s electricity exports to Europe.
Read MoreCERAWeek: Global CBAMs “will be a feature, not a bug” moving forward -panellists
Carbon border adjustment mechanisms (CBAMs) are expected to continue to grow across the globe and play a prominent role in trade relations in the coming years, experts said at the CERAWeek conference.
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