Partial repeal of US IRA tax credits coupled with carbon fee could generate over $2 trillion -report

Published 01:45 on May 25, 2024  /  Last updated at 01:45 on May 25, 2024  / Allison Gacad /  Americas, Carbon Taxes, CBAM, US

A partial repeal of climate-related tax credits in the Inflation Reduction Act (IRA), alongside a carbon fee, brings the US closer to achieving its Paris Agreement targets than an expansion of IRA measures alone, and could additionally generate over $2 trillion, according to a working paper modelling climate policy reform to follow the November US elections.

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Cambridge scientists latest to claim ‘green cement’ crown

Published 18:19 on May 23, 2024  /  Last updated at 18:19 on May 23, 2024  / Paddy Gourlay /  Carbon Taxes, CBAM, EMEA, EU ETS, International, Voluntary

Boffins from Cambridge University in the UK have become the latest to claim the green cement mantle with their idea of “electric recycling of Portland cement” featuring on BBC news this week, adding to the growing band of innovators seeking an emissions solution for the hard-to-abate industry.

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CBAM risks hampering power decarbonisation in UK and Balkan countries, energy traders say

Published 06:52 on May 23, 2024  /  Last updated at 06:52 on May 23, 2024  / Nick Ferris /  CBAM, EMEA, EU ETS, International, UK ETS

The design of the EU’s Carbon Border Adjustment Mechanism (CBAM) risks creating a counter-productive impact on EU electricity decarbonisation, a key policy official at Europe’s energy traders association told a conference on Wednesday.

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EU ministers face six tests for strengthening green competitiveness, says think tank

Published 14:05 on May 22, 2024  /  Last updated at 14:05 on May 22, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

A series of tests awaits the European Union, as the bloc still debates how to respect climate commitments and remain economically ambitious at the same time, with the 27 nations’ ministers set to gather in Brussels at the Competition Council on Friday.

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ISO’s new climate neutrality standard risks adding to greenwashing, campaigners warn

Published 18:06 on May 21, 2024  /  Last updated at 18:29 on May 21, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

ISO’s new climate neutrality standard risks promoting greenwashing, despite an EU attempt to better regulate environmental claims, an NGO has warned.

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European cement group targets 37% drop in production emissions in updated net zero plan

Published 13:06 on May 21, 2024  /  Last updated at 13:06 on May 21, 2024  / Roy Manuell /  Carbon Taxes, CBAM, EMEA, EU ETS

The European Cement Association (CEMBUREAU) aims to reduce production emissions 37% by 2030 and by 50% down the value chain, as per an updated net zero roadmap published Tuesday.

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EU CBAM could shrink South Africa’s exports 10% by 2050 -central bank

Published 17:01 on May 20, 2024  /  Last updated at 17:01 on May 20, 2024  / Rebecca Gualandi /  Africa, Carbon Taxes, CBAM, EMEA, International

South Africa’s economy could suffer significantly if the EU’s carbon border adjustment mechanism (CBAM) is extended to all sectors, leading to a 10% drop in exports by 2050, according to the country’s central bank.

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EU CBAM will hardly affect major Indian exports, despite warnings -study

Published 19:34 on May 15, 2024  /  Last updated at 19:34 on May 15, 2024  / Alejandra Padin-Dujon /  Asia Pacific, CBAM, EMEA, EU ETS, International, Other APAC, UK ETS

The EU’s Carbon Border Adjustment Mechanism (CBAM) import tariff will have a negligible effect on India’s biggest export segments to the bloc, according to a new peer-reviewed study published Monday.

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Asian carbon project developers say caught between evolving regulations, updating methodologies

Published 07:00 on May 15, 2024  /  Last updated at 08:19 on May 15, 2024  / Mark Tilly /  Asia Pacific, CBAM, International, Nature-based, Other APAC, Paris Article 6, Voluntary

Voluntary carbon project developers are struggling to keep up with the rapidly changing landscape of new methodology updates and emerging government regulations in Asia, participants told a conference this week.

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Public procurement a missed opportunity for EU climate action, report says

Published 01:01 on May 15, 2024  /  Last updated at 15:56 on May 14, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

The EU has missed an opportunity to reduce carbon emissions and bolster domestic industries in Europe by failing to pursue a plan for green public procurement, according to a new report released on Wednesday.

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