EU’s CBAM to face legal scrutiny under WTO rules, Japan finmin report portends
The EU’s recently enacted Carbon Border Adjustment Mechanism (CBAM), designed to prevent carbon leakage and support the bloc’s ambitious climate goals, faces potential legal challenges under World Trade Organization (WTO) rules, according to a new analysis published by Japan’s Ministry of Finance.
Read MoreStricter GHG pricing policies are redefining global trade patterns -WTO report
Stricter greenhouse gas pricing policies, including higher carbon taxes and reduced fossil fuel subsidies, are reshaping global trade by shifting competitive advantages among industries, according to a working paper published by the World Trade Organization.
Read MoreINTERVIEW: CO2 to e-methanol project aims to improve outlook for EU steel
An industrial project to decarbonise steel and produce e-methanol aims to improve the competitiveness of Europe’s steel industry and reduce its exposure to the EU ETS.
Read MoreUK seeks views on changes to ETS free allocation rules ahead of CBAM, confirms current period extension
The UK ETS Authority on Monday opened new public consultations on proposed changes to its method of calculating adjustments to free allocations related to carbon leakage, as well as on future adjustments to free allocations to account for the introduction of the country’s carbon border adjustment mechanism (CBAM).
Read MoreMontenegro seeks CBAM exemption by linking power system with EU -media
Montenegro has asked for an exemption from the first year of the EU’s Carbon Border Adjustment Mechanism (CBAM), the country’s energy minister said on Friday as reported by local media.
Read MoreIndia defines green steel, sets maximum threshold for emissions intensity
India’s Ministry of Steel has released a green steel taxonomy as the South Asian country steps up efforts to control CO2 emissions in its heavy industry.
Read MoreSwiss CBAM compliance startup raises €1.5 mln in seed funding
A Swiss-based startup has secured €1.5 million in seed funding to advance its integrated hardware-software platform designed to facilitate compliance with the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreStronger carbon price with complementary measures needed for decarbonisation -think tank
The current EU ETS price signal will take too long to fully decarbonise the economy unless elements that soften the mechanism are phased out and liquidity is increased, a report by a Brussels-based think tank said on Thursday.
Read MoreUS senators suggest pollution import fee for China, other exporters
Two Senate Republicans are planning to introduce legislation next year that would have countries pay a pollution fee on certain imports into the US.
Read MoreFears of a tighter EU ETS could soon prompt 2026-27 exposure hedging -analysts
Expectations of a tightening EU carbon market may prompt emitters to hedge their 2026-27 EUA exposure next year amid a projected annual surplus.
Read More