EU 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.
Read MoreAustralian gas giant bets on CBAM giving new green ammonia plant price advantage
Australia’s Woodside Energy has made a surprise $2 billion investment in a Texan clean ammonia plant, hoping the EU’s Carbon Border Adjustment Mechanism (CBAM) and contracts-for-difference schemes in Asia will help it command a premium on the market.
Read MoreBRIEFING: Amid steel boom, Malaysia faces rising CBAM costs, climate target challenge
Malaysia is expecting rapidly rising carbon emissions from its steel sector, which is expanding utilising CO2-intensive equipment that could put its climate targets at risk while imposing bigger costs under the EU Carbon Border Adjustment Mechanism (CBAM).
Read MoreLATAM Roundup: Public, private sectors seek collaboration on carbon pricing
Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 28, which saw convergences between public policy on one hand, and private sector initiatives on the other, as a broadening array of LATAM countries and companies throw their weight behind carbon pricing.
Read MoreBRIEFING: Chile presents draft ETS timeline, floats carbon border tariff
The Chilean government released a draft climate change plan for the energy sector late on Friday for public consultation, proposing an ETS pilot and broaching a carbon border adjustment mechanism.
Read MoreDeveloped countries should contribute trillions to support climate finance, BASIC bloc says
The BASIC group of Brazil, South Africa, India, and China have repeated demands that rich countries ramp up their climate finance contributions, urging them to commit trillions of dollars to assist developing countries in reducing their greenhouse gas emissions.
Read MoreBRIEFING: EU looking into ways to simplify CBAM as early as 2025 -EU official
The European Commission is looking into ways to simplify the EU’s Carbon Border Adjustment Mechanism (CBAM) from as early as next year, the head of the Commission’s taxation unit told Carbon Pulse.
Read MoreAlgeria sets sights on CCS to lower national carbon footprint -media
Algeria’s government and private sector are looking to carbon capture and storage (CCS) to counterbalance emissions from oil and gas production, with an eye to minimising the impact of the EU’s Carbon Border Adjustment Mechanism (CBAM), according to local media sources.
Read MoreBRIEFING: EU’s CBAM violates Paris Agreement principles, raises cost of decarbonisation in Global South, panellists say
The European Union’s Carbon Border Adjustment Mechanism (CBAM) is in “clear violation” of the Paris Agreement’s principle of common but differentiated responsibilities (CBDR) and places the burden of decarbonising heavy industrial sectors on the Global South, panellists told a webinar this week.
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