INTERVIEW: Turkish businesses unprepared for CBAM, says carbon startup founder
Turkish businesses are “not ready” to comply with the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a carbon startup founder who warned some companies could go bankrupt if they don’t plan ahead.
Read MoreBRICS countries agree to partner on carbon market development
Representatives from the BRICS bloc of emerging economies on Friday agreed to work together on carbon markets.
Read MoreMexico one of least exposed LATAM countries to EU CBAM, says expert
Mexico stands to be less exposed than other Latin American economies to the EU’s carbon border adjustment mechanism (CBAM), Carbon Pulse heard this week at the Mexico Carbon Forum in Guanajuato, although the country could be caught in the crossfire of potential obstructive trade measures by the US.
Read MoreCBAM to hit Vietnam’s steel exports, researchers find
Southeast Asia’s top steelmaker is likely to be hit by Europe’s carbon border taxes but not necessarily enough to force it to make a low-carbon change, a paper said this week.
Read MoreAsian CBAMs inevitable, but regional governments should collaborate, experts say
Asian equivalents to the EU’s Carbon Border Adjustment Mechanism (CBAM) will inevitably emerge as a way to ensure cash stays in their respective countries that would otherwise go to Europe, experts told a conference Thursday.
Read MoreBRIEFING: Australia must move fast to capture A$250 bln green iron opportunity
Australia must move fast to create a green industry from its current vast iron ore exports so it can go beyond a simple ‘dig and ship’ model to value-add creations. In so doing, the country can decarbonise its own industry and take advantage of the growing appetite for clean commodities.
Read MoreIntegrating EU CBAM with Article 6 can scale climate action -report
A potential synergy between the EU’s Carbon Border Adjustment Mechanism (CBAM) and Article 6.2 of the Paris Agreement could help to effectively scale climate action, according to a report published this week.
Read MoreUS CBAM can be vital climate, cooperation tool if crafted carefully -brief
Current proposals for a carbon border adjustment mechanism (CBAM) in the US are disjointed, but such a policy can be a valuable global climate tool if certain steps are taken to ensure its effectiveness as both a climate and economic measure, according to brief published recently.
Read MoreEU General Court to rule on ETS preliminary cases
The EU’s General Court will take over the legal jurisdiction for hearing and deciding questions regarding preliminary rulings on the EU ETS, under a change announced on Monday.
Read MoreFEATURE: Commonwealth promotes its model carbon tax, as CBAMs boost interest
The Commonwealth of Nations is speaking to three jurisdictions about implementing a model carbon tax law that its secretariat published last year, and is planning to further promote the law at COP29.
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