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US Carbon Pricing and LCFS Roundup for week ending July 23, 2021

Published 16:56 on July 23, 2021  /  Last updated at 16:56 on July 23, 2021  /  Americas, Canada, CBAM, International, RINs & LCFS, US  /  No Comments

A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including in Washington state and federal legislation regarding a carbon tariff.

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EU’s carbon border levy to affect closest neighbours more than global players, experts say

Published 17:51 on July 22, 2021  /  Last updated at 17:51 on July 22, 2021  /  Africa, Asia Pacific, Carbon Taxes, CBAM, China, EMEA, EU ETS, International, South Korea, Switzerland  /  No Comments

The EU’s proposed carbon border adjustment mechanism will likely affect its closest neighbours much more than global trade partners, experts believe, despite an increasing number of countries across the globe expressing concerns over the 27-nation bloc’s plans.

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European Commission launches consultations on ‘Fit for 55’ legislative proposals

Published 14:41 on July 19, 2021  /  Last updated at 14:41 on July 19, 2021  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

The European Commission is launching consultations on its ‘Fit for 55’ legislative proposals, in another feedback round that could influence the co-decision process among EU decision-makers.

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Investor influence on EU carbon market seen outweighing that of industrials

Published 22:53 on July 16, 2021  /  Last updated at 11:45 on July 17, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Investors are seen as bigger buyers of EU carbon allowances than Europe’s heavy industries over the coming months and years because utilities are rapidly decarbonising and industrials lack financial clout or are cushioned by ongoing free allocation, a conference heard on Friday.

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‘Fit for 55’ timeline for EU carbon market reform concerns experts

Published 16:56 on July 15, 2021  /  Last updated at 17:41 on July 15, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, Shipping  /  No Comments

Proposals to tighten the EU ETS and rebase its cap within a rapid timeframe are an initial cause for concern among market experts still digesting the full impact of Brussels’ wide-ranging climate measures, a conference heard on Thursday.

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Australia Market Roundup: Govt protests EU CBAM move, while offset issuances fall back to average levels

Published 11:15 on July 15, 2021  /  Last updated at 11:15 on July 15, 2021  /  Asia Pacific, Australia, Carbon Taxes, CBAM, EMEA, EU ETS, International  /  No Comments

Australian Trade Minister Dan Tehan on Thursday accused the EU of “imposing its views and its ways” on other nations through its carbon border adjustment mechanism (CBAM) proposal, while new offset issuance levels this week declined to long-term average levels after last week’s bump.

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Senate Democrats to incorporate US clean electricity standard, carbon tariffs in budget deal

Published 20:56 on July 14, 2021  /  Last updated at 11:25 on July 15, 2021  /  Americas, Carbon Taxes, CBAM, International, US  /  No Comments

US Senate Democrats on Wednesday announced they will include a clean electricity standard in an upcoming budget resolution, though it is uncertain if the proposal can pass muster in the reconciliation process or gain the support of conservative members of the caucus.

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EU to force importers to pay for emissions from 2026 amid UN warning

Published 17:52 on July 14, 2021  /  Last updated at 19:36 on July 14, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The EU will force importers of electricity and a number of foreign industrial sectors to pay for emissions covered under a carbon border adjustment mechanism (CBAM) from 2026, according to a proposal released by the European Commission on Wednesday, which came as a UN agency urged caution over the divisive policy.

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‘Fit for 55’ Roundup: Updates and reactions to the EU’s major climate package

Published 16:58 on July 14, 2021  /  Last updated at 00:13 on July 15, 2021  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping, Switzerland, UK ETS  /  No Comments

The European Commission on Wednesday published its long-awaited ‘Fit for 55’ climate legislative package, seeking to recalibrate the bloc’s climate policies towards a tougher 2030 emissions target. Here’s a rolling timeline of today’s major developments and expert and stakeholder insight to complement Carbon Pulse’s other coverage.

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PREVIEW: What to expect from the EU’s ‘Fit for 55’ climate proposals

Published 17:16 on July 13, 2021  /  Last updated at 10:27 on July 14, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Commission is due to publish its long-awaited ‘Fit for 55’ climate legislative package on Wednesday, seeking to recalibrate the bloc’s climate policies towards a tougher 2030 emissions target.

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