EU should use CBAM revenues to help poorer countries decarbonise their steel too -think tank
The EU can paint its Carbon Border Adjustment Mechanism (CBAM) in a good light by redistributing revenues to help the least developed countries decarbonise their own steel industries, according to research published on Monday.
Read MoreLATAM Roundup: Distress and opportunities as CORSIA, CO2 taxes, CBAM take root
In a week that saw UN civil aviation body ICAO publish its technical report on the flagship CORSIA offsetting scheme, which is being incorporated into national regulations around the world, this and other compliance carbon pricing initiatives posed diverse challenges and opportunities around the LATAM region – from Trinidad and Tobago to Guyana, and Mexico to Brazil.
Read MoreEU likely to propose exempting small companies from CBAM in early 2025, senior EU official says
The European Commission is likely to next year put forward a proposal to exclude small companies from the EU’s Carbon Border Adjustment Mechanism (CBAM), a senior official told Carbon Pulse on Thursday.
Read MoreEU should reconsider giving CBAM exemptions to most vulnerable -report
The EU should reconsider exempting the least developed countries, as well as Ukraine, from its incoming carbon border fee, and use its revenues to help developing countries decarbonise their industries and minimise the blow, a think tank recommended this week.
Read MoreCarbon pricing, technology ASEAN’s best answer to CBAM -report
The Association of Southeast Asian Nations (ASEAN) member countries must actively implement carbon pricing mechanisms and increase investment to decarbonise hard-to-abate sectors in order to effectively respond to EU’s Carbon Border Adjustment Mechanism (CBAM), a report has found.
Read MoreCarbon capture could have huge climate impact for cement sector -report
Cement decarbonisation technologies, including carbon capture, supplementary cementitious materials, and alternative fuels could help the sector cut an extra 422 million tonnes of CO2 emissions over the next decade, according to a new report.
Read MoreEU needs to set permanent carbon removal targets in its next climate goal, experts say
The EU needs to include legally binding targets for permanent carbon removals in its climate goals for 2030-40, experts said this week.
Read MoreEU-UK should align on carbon pricing, CCS to build thriving clean tech hub -report
The EU and UK should explore linking their emissions trading systems and cooperate on cross-border carbon capture and storage (CCS) under efforts to form a resilient clean tech hub on the global stage, an industry body said on Tuesday.
Read MoreIndustry groups want CBAM registry to be as transparent as EU ETS
The new registry containing information about importers of goods covered by the EU’s new carbon border fee should be as transparent as its ETS registry, a group of European business association have told the European Commission.
Read MoreEU timeframe for approval of applications to import CBAM goods is too long, industry groups say
The EU is proposing too long a timeframe for the approval of applications from companies looking to import goods subject to the Carbon Border Adjustment Mechanism (CBAM), according to feedback from industry associations and governments.
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