EU centre-right divide deepens amid “violent” talks on ETS2 and CBAM
The ruling centre-right European People’s Party (EPP) is facing intense internal divisions over the future of the EU’s Emissions Trading System for road and heating fuels (ETS2) and the Carbon Border Adjustment Mechanism (CBAM), and has so far failed to reach consensus on what the bloc’s 2040 emissions reduction target should be.
Read MoreEcocem set to break ground on its first low-carbon cement technology plant
Low-carbon cement producer Ecocem intends to build the first production facility dedicated to its new cement technology in the French port city of Dunkirk, the company announced on Tuesday.
Read MoreCzechia calls for CBAM changes to cut admin burdens
Czechia is pushing for a “detailed evaluation” of the EU’s Carbon Border Adjustment Mechanism (CBAM) as part of a review of the legislation due to take place before the end of 2025.
Read MoreFrance floats initial suggestions for EU CBAM reform
Paris has made initial suggestions for reforming the EU’s Carbon Border Adjustment Mechanism (CBAM) and is planning to gather further input in the coming weeks with a view to preventing carbon leakage – or relocation of industries abroad to avoid the EU’s CO2 pricing policies.
Read MoreUK urged to strengthen CCS policies with emitter storage obligations to meet net-zero goals
The UK must adopt a more robust policy framework to accelerate carbon capture and storage (CCS) deployment and meet its legally binding net-zero emissions target by 2050, according to experts.
Read MoreSteel emissions remains challenging for South Korean car giant, report says
South Korea’s car making giant Hyundai may start to lose out to peers with stronger emissions reduction plans as tariffs such as the EU Carbon Border Adjustment Mechanism (CBAM) come into effect, penalising automakers whose steel emissions remain high, a think tank said Thursday.
Read MoreEU carbon pricing, CBAM will cut European emissions but economic costs persist -central bank study
A sharp rise in the EU’s carbon price combined with a Carbon Border Adjustment Mechanism (CBAM) could significantly reduce emissions but also carries economic trade-offs, a new central bank study has found.
Read MoreSteel, cement makers defend EU CBAM against right-wing calls to freeze it
European steel and cement manufacturers have come out in support of the EU’s Carbon Border Adjustment Mechanism (CBAM), fending off calls from conservative parties to suspend the law.
Read MoreUnified global carbon market key to scaling climate finance, Davos panel says
A unified global carbon market under Article 6 of the Paris Agreement is essential for meeting climate goals, but clear governance and regulations are needed to build trust and drive investment, speakers told a panel at the World Economic Forum (WEF) in Davos.
Read MoreTurkiye’s ruling party to introduce CBAM proposal -media
Turkiye’s governing Justice and Development (AK) Party is preparing to introduce national climate legislation to the Grand National Assembly (TBMM) that would propose establishing a carbon border adjustment mechanism (CBAM) import levy alongside the country’s planned emissions trading system (ETS), according to local media reports.
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