IMF “hopeful” of a rising international carbon price floor
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.
Read MoreGlobal net zero commitments may render EU carbon border levy “less” necessary -Commission climate chief
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.
Read MoreGoldman Sachs Int’l CEO on carbon markets: They are for real, and demand is going to grow
“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.
Read MoreBelgium drops carbon tax proposal amid cross-party divisions
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.
Read MoreUkraine to launch emissions reporting system in 2021 -media
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.
Read MoreEU seals deal for €1.8 trillion budget and recovery fund with tighter climate scrutiny
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.
Read MoreEU ETS-financed Modernisation Fund among “main tools” to reach net zero, Visegrad diplomats say
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.
Read MoreEU’s eastern neighbours need carbon pricing and integrated energy market to decarbonise, study says
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.
Read MoreMEPs show wide support for ending free EUA allocations with border tax
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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