Prescribed increase in global carbon prices could wreak havoc on equity valuations -analysis
The sensitivity of equity markets to carbon pricing risk has increased over the past 12 months due to rising energy prices and geopolitical tensions, according to a new study.
Read MoreLawmakers want the EU’s future budget income to include ETS, CBAM
Members of the European Parliament voted on Wednesday to pave the way for the EU’s central budget to be substantially fed by a new basket of revenue streams based on the ETS, the carbon border adjustment mechanism (CBAM), and a share of the reallocated profits of large multinational companies.
Read MoreAustralian alumina refining pathway to net zero needs low emissions technology kickstart -report
Australia’s emissions-intensive alumina refining sector has a credible pathway to reach net zero emissions by 2050, although key technologies to achieve this are still at varying stages of technological and commercial maturity and will require significant investment to make an impact, a report commissioned by an Australian government agency released on Friday has concluded.
Read MoreDecarbonising ammonia’s current uses key to realising its broader energy transition role, report says
Ammonia offers key decarbonising opportunities for sectors such as power generation and shipping in the longer term, but low carbon ammonia may remain an untapped market without strong policy support that focuses on lowering the emissions footprint of its current industrial uses, a report has found.
Read MoreCOP27: South Korea to deepen Article 6 ties with Mongolia, seeks CBAM reassurances from the EU
South Korea and Mongolia will cooperate to identify project opportunities under Article 6 of the Paris Agreement, while the Korean environment minister on the sidelines of COP27 has also been seeking reassurances from the EU that the proposed Carbon Border Adjustment Mechanism (CBAM) won’t act as a trade barrier.
Read MoreCountries not doing enough to address trade-embodied GHGs –report
Roughly 25% of global GHG output is occurring through international trade, and nations must consider carbon border adjustment mechanisms (CBAMs) and other measures in order to adequately mitigate these emissions, according to a report published Tuesday.
Read MoreCOP27: EU confirms to UN talks that it will raise climate ambition
The EU’s climate chief Frans Timmermans to the COP27 summit on Wednesday that the 27-nation bloc will be able to increase the ambition of its NDC, confirming a stance set out by ministers last month.
Read MoreCOP27: Are CBAMs bad for climate multilateralism?
The EU’s proposed carbon border adjustment measure (CBAM) was discussed at several events on the sidelines of the COP27 UN climate negotiations on Tuesday, with experts debating whether the policy aligns to the multilateralism spirit of the Paris Agreement.
Read MoreUPDATE – COP27: Turkey announces higher emissions goal and peak year in revised NDC
Turkey announced an updated NDC on Tuesday, with the government pledging to the UNFCCC a 41% emissions cut target beneath business as usual levels by 2030 and for the first time declaring a year when its emissions will peak.
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