Indonesia vows to phase out coal-based power plants by 2040
Indonesian President Prabowo Subianto has pledged to phase out all of the country’s coal-fired and fossil fuel-based power plants over the next 15 years.
Read MoreEuropean industry faces significant obstacles on road to net zero, report warns
European industries are grappling with significant technological, financial, and regulatory hurdles as they work towards net zero emissions, according to a new report.
Read MoreCOP29: BRIEFING – Experts see rising chance of US CBAM, along with international challenges
There is an increasingly strong likelihood that the US will implement a carbon border adjustment mechanism (CBAM), but such a policy would likely come with challenges on the international level, according to experts speaking at COP29.
Read MoreSerbia issues first GHG emissions licences, eyes EU CBAM compliance
Serbia has issued its first greenhouse gas emissions licences, the Energy Community Secretariat announced this week, hailing it as a “significant step” towards the country’s implementation of its EU ETS obligations.
Read MoreArcelorMittal suspends green roadmap at Belgian plant
A planned billion-euro investment in the greening of ArcelorMittal’s plant in Gent, Belgium was suspended earlier this week, casting doubt on the company’s wider commitment to decarbonisation in Europe.
Read MoreCOP29: Govts spotlight efforts to minimise pass-through costs of carbon pricing
Countries with domestic carbon pricing efforts emphasised the specific policy design mechanisms needed to minimise pass-through costs to end consumers, government officials told an event on the sidelines of COP29.
Read MoreCOP29: Clean tech tariffs risk triggering ‘backlash’, UN agency warns
The imposition of tariffs and regulatory barriers on clean technologies may initially benefit countries wanting to protect nascent industries from competition, but they will backfire in the long run and ultimately hurt consumers, warned a senior official at UN Trade and Development (UNCTAD).
Read MoreCOP29: EU under fire as climate finance talks continue to struggle
The European Union is risking its influential role in global climate diplomacy, as UN negotiations for the so-called ‘finance COP’ enter second week in Baku with the bloc not yet committing publicly to a specific contribution figure.
Read MoreCOP29: Trade issues complicate talks as countries call for EU CBAM to be simplified
The EU’s carbon border adjustment mechanism (CBAM) is adding tensions to already difficult negotiations at COP29 in Baku, with top government officials telling Carbon Pulse that the European Union should be more flexible with the policy.
Read MoreCOP29: BRIEFING – Israel readies carbon tax to shield companies from CBAM
Israel is in the final stretches of preparing a tax on greenhouse gas emissions and air pollutants that parliament approved in September after years of debate in an effort to resolve a “significant market failure” caused when polluters don’t pay for their environmental damage.
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