Japan seen opting for climate policy mix of ETS, carbon tax, and subsidies
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.
Read MoreUkraine’s Naftogaz sets carbon neutrality target, as Kyiv progresses on carbon market plans
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.
Read MoreBrussels leaning towards ‘notional’ ETS for carbon border measure, says EU trade chief
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.
Read MoreClimate policy threat looms large for Australian trade, say researchers
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.
Read MoreIndustries urge EU to safeguard flow of free carbon units amid virus impact
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.
Read MoreAbsence of EU carbon market link “biggest risk” facing UK energy sector
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.
Read MoreInfluential MEPs favour phasing out free EUA allocations once border levy imposed
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.
Read MoreRussia approves carbon trading pilot in far-eastern outpost
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.
Read MoreEU foreign ministers tout carbon markets in new climate diplomacy push
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.
Read MoreEnergy Community releases carbon pricing roadmap for EU’s eastern neighbours
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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