Employers’ group urges EU to ‘reconsider’ phase out of free ETS allowances

Published 11:33 on October 3, 2024  /  Last updated at 11:33 on October 3, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

BusinessEurope, an umbrella group representing national employer’s organisations, has called on policymakers to “reconsider” the planned phase out of free allowances under the EU’s Emissions Trading System (EU ETS), saying Europe should “be prepared” in case its new carbon border tariff scheme fails to deliver.

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ETS, CCS collaboration should be on the table at Starmer-von der Leyen summit -think tank

Published 05:50 on October 2, 2024  /  Last updated at 23:52 on October 1, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS

A UK and EU ETS tie-up, as well as enhanced collaboration on carbon capture and storage (CCS), are among a number of policies that a think tank has recommended for discussion when UK Prime Minister Keir Starmer and European Commission President Ursula von der Leyen meet on Wednesday.

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BRIEFING: Brazil looks to ammonia, tech opportunities as carbon pricing goes global

Published 15:27 on October 1, 2024  /  Last updated at 15:27 on October 1, 2024  / /  Americas, Carbon Taxes, CBAM, EMEA, EU ETS, South & Central

Brazil’s renewable energy-based grid stands ready to ratchet up economic growth in a world entering the age of carbon border tariffs and a tech scramble for low-carbon electricity.

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Brussels considers extending CBAM downstream to crack down on carbon leakage

Published 13:51 on October 1, 2024  /  Last updated at 13:51 on October 1, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

The European Commission is looking into extending its Carbon Border Adjustment Mechanism (CBAM) to imports of goods further down the value chain, in a bid to keep downstream manufacturing and processing from leaving the EU.

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DATA DIVE: EU industrial demand destruction continues in 2024

Published 12:52 on September 30, 2024  /  Last updated at 11:28 on October 1, 2024  / /  Carbon Taxes, CBAM, Data Dive, EMEA, EU ETS

Industrial emission levels in the EU are plunging to new lows in 2024 as weak output has continued to reduce demand for EUAs in a major way more than two years after the energy crisis triggered by Russia’s invasion of Ukraine.

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ANALYSIS: China steel sector braces for carbon market, capacity policies

Published 10:47 on September 30, 2024  /  Last updated at 02:24 on October 3, 2024  / /  Asia Pacific, CBAM, China

The decarbonisation progress of China’s steel industry in the coming few years will likely hinge on recent regulatory developments, including the expansion of the national carbon market, according to experts.

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INTERVIEW: ‘We never liked CBAM’ – Europe’s aluminium industry rails against EU green trade policies

Published 10:29 on September 30, 2024  /  Last updated at 10:29 on September 30, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

The aluminium industry is grappling with implementation headaches linked to the EU’s Carbon Border Adjustment Mechanism (CBAM) just as Europe is being flooded by cheap aluminium imports from China, amid general indifference from EU trade authorities, the sector’s business association told Carbon Pulse in an interview.

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EU CBAM transition period not long enough for Western Balkan power exporters to comply, says expert

Published 18:15 on September 26, 2024  /  Last updated at 18:15 on September 26, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

The transition period for the implementation of CBAM, which runs until 2026, is not long enough for Western Balkan electricity traders to devise new export strategies to the EU, even if the Commission changes its criteria to make it easier for low-carbon exporters to be recognised, according to an expert on the matter.

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Scope of EU ETS expected to broaden out from 2026 -report

Published 16:31 on September 26, 2024  /  Last updated at 16:35 on September 26, 2024  / /  Aviation/CORSIA, CBAM, EMEA, EU ETS, International, Shipping

In the coming years, the EU’s Emissions Trading System could incorporate new sectors and be extended to neighbouring countries like Ukraine or tied up with the UK, according to research published on Thursday.

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INTERVIEW: EU’s default emissions factors should be “avoided at all cost” by private sector

Published 13:00 on September 24, 2024  /  Last updated at 09:50 on September 23, 2024  / /  Carbon Taxes, CBAM, EMEA, International

EU default values that convert business spend into Scope 3 emissions are outdated, inaccurate, and “need to be avoided at all costs” for firms doing mandatory reporting, according to the head scientist at a proprietary emissions factor database.

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