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Japan seen opting for climate policy mix of ETS, carbon tax, and subsidies

Published 09:37 on March 4, 2021  /  Last updated at 11:38 on March 4, 2021  /  Asia Pacific, Carbon Taxes, CBAM, Japan  /  No Comments

Japan is likely to opt for a combination of emissions trading, a carbon tax, and subsidies, according to analysts that view the mix as the most effective way of driving GHG cuts, meeting international climate expectations, and overcoming industry opposition.

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Ukraine’s Naftogaz sets carbon neutrality target, as Kyiv progresses on carbon market plans

Published 18:42 on February 19, 2021  /  Last updated at 18:42 on February 19, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

Ukrainian state energy producer Naftogaz announced a 2040 carbon neutrality target on Friday, as the country advances mandatory emissions reporting as a “first step” towards a full-fledged ETS.

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Brussels leaning towards ‘notional’ ETS for carbon border measure, says EU trade chief

Published 18:22 on February 18, 2021  /  Last updated at 18:22 on February 18, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The EU’s prospective carbon border adjustment mechanism (CBAM) will likely take the shape of a ‘notional’ emissions market, the 27-nation bloc’s trade chief said on Thursday.

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Climate policy threat looms large for Australian trade, say researchers

Published 12:05 on February 10, 2021  /  Last updated at 12:09 on February 10, 2021  /  Asia Pacific, Australia, Carbon Taxes, CBAM  /  No Comments

Australian exporters risk huge additional costs and shrinking markets as the country’s main trading partners bring climate policy into trade negotiations, but it would be relatively pain free for the government to steer clear of such sanctions, according to two reports out this week.

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Industries urge EU to safeguard flow of free carbon units amid virus impact

Published 18:52 on February 9, 2021  /  Last updated at 18:52 on February 9, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Commission must ensure the effects of the COVID-19 pandemic will not “unduly” affect free EUA allocation through 2030, according to heavy industry representatives.

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Absence of EU carbon market link “biggest risk” facing UK energy sector

Published 23:33 on February 4, 2021  /  Last updated at 02:03 on February 5, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, UK ETS  /  No Comments

Linking the UK’s new emissions trading scheme to the EU carbon market is the single most important issue facing Britain’s energy industry, sector representatives told lawmakers, warning that it presents the largest threat in terms of raising costs for consumers and preventing utilities from managing risk.

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Influential MEPs favour phasing out free EUA allocations once border levy imposed

Published 17:19 on February 2, 2021  /  Last updated at 22:44 on February 2, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The European Parliament’s environment (ENVI) committee is due to vote this week on its position on a carbon border adjustment mechanism (CBAM), with a large majority of political groups endorsing a gradual phaseout of the free EU carbon allowances currently given to the bloc’s heavy industry.

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Russia approves carbon trading pilot in far-eastern outpost

Published 18:59 on January 26, 2021  /  Last updated at 00:17 on January 27, 2021  /  Asia Pacific, Carbon Taxes, CBAM, EMEA, International, Kyoto Mechanisms  /  No Comments

Russia has approved a pilot carbon trading scheme for its gas-rich Sakhalin island, a rare sign of climate action for the world’s fourth biggest emitter amid looming pressure from proposed EU border measures.

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EU foreign ministers tout carbon markets in new climate diplomacy push

Published 18:05 on January 25, 2021  /  Last updated at 01:29 on January 26, 2021  /  Africa, Carbon Taxes, CBAM, EMEA, EU ETS, International, US  /  No Comments

EU foreign ministers on Monday adopted a new climate diplomacy agenda for the 27-nation bloc that acknowledged the role of national and international carbon markets.

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Energy Community releases carbon pricing roadmap for EU’s eastern neighbours

Published 17:46 on January 22, 2021  /  Last updated at 01:46 on January 23, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS  /  No Comments

The Energy Community (EnC) has released a roadmap for how the EU’s Western Balkans and Eastern neighbours can implement carbon pricing schemes, with the intergovernmental organisation flagging the potential for market integration and an eventual link with the EU ETS.

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