Power sector flags “major issues” with EU-UK electricity trade ahead of CBAM
Electricity producers have called on the European Commission to improve the EU’s Carbon Border Adjustment Mechanism (CBAM) before it starts applying next year, pointing to the risk of “double paying” CO2 charges when importing from the UK, and asking for “more realistic default values” to be applied when evaluating the emissions intensity of Britain’s electricity exports to Europe.
Read MoreCERAWeek: Global CBAMs “will be a feature, not a bug” moving forward -panellists
Carbon border adjustment mechanisms (CBAMs) are expected to continue to grow across the globe and play a prominent role in trade relations in the coming years, experts said at the CERAWeek conference.
Read MoreCBAM threatens European technology sector, study warns
The EU’s Carbon Border Adjustment Mechanism (CBAM) could significantly weaken the European technology industry’s competitiveness by increasing production costs nearly 50% for some sectors, leading to carbon leakage and job losses, a new study has warned.
Read MoreEgyptian aluminium producer strikes clean power deal to soften the EU’s CBAM blow
Egypt’s largest aluminium producer has struck a 25-year deal for renewable power supply, which it says will be instrumental in helping the company meet the requirements of the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreCBAM could cause Ukraine losses of $2.7 billion in investment -study
The EU’s Carbon Border Adjustment Mechanism (CBAM) could lead to a loss of $2.7 billion of investment for Ukraine between now and 2030, according to a study by a Ukrainian-based consulting company published on Wednesday.
Read MoreEU ETS set for supply squeeze, price surge amid structural tightening -investment bank
The EU ETS is set for significant tightening and higher allowance prices from 2026 as emissions caps shrink, free allowances phase out, and the bloc’s Carbon Border Adjustment Mechanism (CBAM) moves to full implementation, according to a large bank’s investment strategy unit.
Read MoreCBAM-covered EU industries could see costs rise by up to 80% in next decade -BCG
Costs could rise up to 80% in the next decade for emissions-intensive industries covered by the EU’s Carbon Border Adjustment Mechanism (CBAM), potentially putting EU producers at a disadvantage, a global consultancy has said.
Read MoreEU energy traders call for more market integration rather than gas market rules
The European Commission should focus on increasing energy market integration, and not interfere too much in how the bloc’s gas markets function, European energy traders have said.
Read MoreCarbon markets need stronger support from development banks -think tank
Domestic carbon markets need more support from public development banks (PDBs) because challenges including limited government commitment, technical capacity shortages, and financial constraints have slowed their adoption, according to a new report from a US-headquartered think tank.
Read MoreInvestors welcome EU Clean Industrial Deal, but criticise Omnibus rollback
Investors advocating for climate change have welcomed the European Commission’s Clean Industrial Deal as a crucial step in financing the bloc’s transition, while criticising its efforts to loosen new sustainability reporting rules.
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