EU should use CBAM revenues to help poorer countries decarbonise their steel too -think tank

Published 17:32 on December 9, 2024  /  Last updated at 17:32 on December 9, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS, International

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.

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LATAM Roundup: Distress and opportunities as CORSIA, CO2 taxes, CBAM take root

Published 05:58 on December 9, 2024  /  Last updated at 05:58 on December 9, 2024  / /  Americas, Aviation/CORSIA, Carbon Taxes, CBAM, Mexico, Nature-based, South & Central, Voluntary

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.

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EU likely to propose exempting small companies from CBAM in early 2025, senior EU official says

Published 16:51 on December 5, 2024  /  Last updated at 10:34 on December 6, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

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.

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EU should reconsider giving CBAM exemptions to most vulnerable -report

Published 16:09 on December 5, 2024  /  Last updated at 16:09 on December 5, 2024  / /  Africa, Carbon Taxes, CBAM, EMEA

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.

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Carbon pricing, technology ASEAN’s best answer to CBAM -report

Published 14:20 on December 5, 2024  /  Last updated at 14:20 on December 5, 2024  / /  Asia Pacific, Carbon Taxes, CBAM, EMEA, International, Other APAC, Voluntary

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.

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Carbon capture could have huge climate impact for cement sector -report

Published 15:45 on December 4, 2024  /  Last updated at 15:45 on December 4, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS

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.

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EU needs to set permanent carbon removal targets in its next climate goal, experts say

Published 11:10 on December 4, 2024  /  Last updated at 19:02 on December 4, 2024  / /  CBAM, EMEA, EU ETS, Voluntary

The EU needs to include legally binding targets for permanent carbon removals in its climate goals for 2030-40, experts said this week. 

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EU-UK should align on carbon pricing, CCS to build thriving clean tech hub -report

Published 12:34 on December 3, 2024  /  Last updated at 12:43 on December 3, 2024  / /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS

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.

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Industry groups want CBAM registry to be as transparent as EU ETS

Published 15:13 on December 2, 2024  /  Last updated at 15:13 on December 2, 2024  / /  Carbon Taxes, CBAM, EMEA, 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.

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EU timeframe for approval of applications to import CBAM goods is too long, industry groups say

Published 17:19 on November 27, 2024  /  Last updated at 17:19 on November 27, 2024  / /  Carbon Taxes, CBAM, EMEA, International, Japan, South Korea

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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