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IMF “hopeful” of a rising international carbon price floor

Published 18:08 on November 17, 2020  /  Last updated at 01:20 on November 18, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

Reaching Paris Agreement commitments could be complemented with a rising carbon price floor at a global level, the International Monetary Fund (IMF) said on Tuesday.

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Global net zero commitments may render EU carbon border levy “less” necessary -Commission climate chief

Published 16:34 on November 16, 2020  /  Last updated at 16:35 on November 16, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Recent carbon neutrality and net zero pledges by some of the world’s most industrialised nations could render the EU’s proposed carbon border adjustment mechanism (CBAM) “less” necessary, the European Commission’s climate chief said Monday.

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Goldman Sachs Int’l CEO on carbon markets: They are for real, and demand is going to grow

Published 23:25 on November 12, 2020  /  Last updated at 00:49 on November 13, 2020  /  Americas, Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, US, Voluntary Market  /  No Comments

“Trading carbon is going to be for real, and the demand for it is going to grow. So the question is how do we bring this together in one place,” said Goldman Sachs International CEO Richard Gnodde.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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Belgium drops carbon tax proposal amid cross-party divisions

Published 11:18 on November 12, 2020  /  Last updated at 22:18 on November 12, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Belgium’s environment minister said on Thursday she will not present a proposal for a domestic carbon tax, with the measure meeting opposition among the federal government’s coalition partners when floated earlier this week.

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Ukraine to launch emissions reporting system in 2021 -media

Published 17:45 on November 10, 2020  /  Last updated at 01:54 on November 11, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Ukraine will launch a system for monitoring, reporting, and verification (MRV) of emissions in 2021, the country’s environment minister announced on Tuesday, marking a milestone on the path to designing a national carbon market.

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EU seals deal for €1.8 trillion budget and recovery fund with tighter climate scrutiny

Published 17:34 on November 10, 2020  /  Last updated at 02:17 on November 11, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

EU negotiators agreed on Tuesday a deal for the bloc’s €1.074 trillion seven-year budget and a €750 billion coronavirus recovery fund, with tighter scrutiny for climate spending part of the final package.

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EU ETS-financed Modernisation Fund among “main tools” to reach net zero, Visegrad diplomats say

Published 13:29 on November 4, 2020  /  Last updated at 02:16 on November 5, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The EU’s €14 billion Modernisation Fund should be expanded to support cleaner energy and industry in poorer member states as the bloc moves towards higher climate ambition, envoys from Central European nations said on Wednesday.

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EU’s eastern neighbours need carbon pricing and integrated energy market to decarbonise, study says

Published 18:08 on November 3, 2020  /  Last updated at 18:08 on November 3, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The EU’s Balkan and Eastern European neighbours will need to establish their own carbon markets with a view to fully participating in the bloc’s ETS in the future and integrating their power and gas markets to effectively cut emissions, a preliminary study said.

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MEPs show wide support for ending free EUA allocations with border tax

Published 17:59 on October 28, 2020  /  Last updated at 19:32 on October 28, 2020  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Free EUA allocation should be phased out if the EU introduces a carbon border adjustment mechanism (CBAM), several key MEPs on the European Parliament’s environment committee said on Wednesday.

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