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Prescribed increase in global carbon prices could wreak havoc on equity valuations -analysis

Published 12:00 on December 2, 2022  /  Last updated at 13:00 on December 2, 2022  /  Carbon Taxes, CBAM, International, Paris Article 6  /  No Comments

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.

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Lawmakers want the EU’s future budget income to include ETS, CBAM

Published 22:43 on November 23, 2022  /  Last updated at 22:43 on November 23, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

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.

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Australian alumina refining pathway to net zero needs low emissions technology kickstart -report

Published 16:16 on November 23, 2022  /  Last updated at 16:16 on November 23, 2022  /  Asia Pacific, Australia, CBAM  /  No Comments

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.

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CP Daily: COP27 Special

Published 10:28 on November 21, 2022  /  Last updated at 10:28 on November 21, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Newsletters, Other APAC, Paris Article 6, Shipping, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

That’s a wrap. The final gavel came down in Sharm el-Sheikh shortly after 0700 local time on Sunday morning, making COP27 the second-longest running round of UN climate talks. Here’s a recast of the *103 articles* published by Carbon Pulse relating to both weeks of the summit.

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Decarbonising ammonia’s current uses key to realising its broader energy transition role, report says

Published 16:06 on November 18, 2022  /  Last updated at 16:06 on November 18, 2022  /  Carbon Taxes, CBAM, EMEA, International, Shipping  /  No Comments

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.

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COP27: South Korea to deepen Article 6 ties with Mongolia, seeks CBAM reassurances from the EU

Published 15:54 on November 17, 2022  /  Last updated at 15:54 on November 17, 2022  /  Asia Pacific, Carbon Taxes, CBAM, Climate Talks, International, Other APAC, Paris Article 6, South Korea  /  No Comments

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.

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Countries not doing enough to address trade-embodied GHGs –report

Published 03:08 on November 16, 2022  /  Last updated at 03:08 on November 16, 2022  /  Americas, Asia Pacific, CBAM, China, EMEA, International, US  /  No Comments

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.

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COP27: EU confirms to UN talks that it will raise climate ambition

Published 08:03 on November 15, 2022  /  Last updated at 13:33 on November 16, 2022  /  CBAM, Climate Talks, EMEA, EU ETS, International  /  No Comments

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.

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COP27: Are CBAMs bad for climate multilateralism?

Published 05:36 on November 15, 2022  /  Last updated at 08:02 on November 15, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

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.

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UPDATE – COP27: Turkey announces higher emissions goal and peak year in revised NDC

Published 05:43 on November 14, 2022  /  Last updated at 07:04 on November 15, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

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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