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UPDATE – COP27: Turkey announces higher emissions goal and peak year in revised NDC

Published 20:43 on November 14, 2022  /  Last updated at 22:04 on November 15, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

Turkey announced an updated NDC on Tuesday, with the government pledging to the UNFCCC a 41% emissions cut target beneath business as usual levels by 2030 and for the first time declaring a year when its emissions will peak.

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UPDATE – EU negotiator agrees on ETS price spike measure, market oversight -MEP Liese

Published 10:37 on November 11, 2022  /  Last updated at 21:55 on November 11, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

EU negotiators have agreed a united position on an ETS price spike measure and market oversight provisions but failed to make headway on major sticking points during trilogue negotiations on reforming the bloc’s carbon market this week, the European Parliament’s lead negotiator Peter Liese said on Friday.

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Key EU lawmaker flags potential for “small delay” in CBAM reporting as talks drag on

Published 17:11 on November 9, 2022  /  Last updated at 17:11 on November 9, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

Next year’s planned introduction of a reporting system for the EU’s carbon border adjustment mechanism (CBAM) is likely to suffer a “small delay” as the legislators are still negotiating the proposal, the European Parliament’s lead lawmaker on the issue said on Wednesday.

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COP27: China says talks with US remain informal amid push to tackle loss and damage, Article 6 implementation

Published 14:39 on November 9, 2022  /  Last updated at 00:43 on November 10, 2022  /  Asia Pacific, CBAM, China, Climate Talks, International, Paris Article 6, Voluntary  /  No Comments

China’s delegation to COP27 in Sharm el-Sheikh has begun informal discussions with their US counterpart, as the world’s largest emitter aims to promote multilateral efforts on addressing climate change and loss and damage, as well as push against actions such as the EU’s proposed carbon border mechanism, President Xi Jinping’s representative to COP27 told journalists Wednesday.

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China ETS should include cement and steel sooner to reduce CBAM impact, experts say

Published 11:20 on November 9, 2022  /  Last updated at 21:39 on November 23, 2022  /  Asia Pacific, Carbon Taxes, CBAM, China  /  No Comments

China should expand the sectoral coverage of its national emissions trading scheme to include cement and steel as soon as possible to mitigate the impact of the carbon border adjustment mechanism (CBAM) proposed by the EU, a webinar heard on Wednesday.

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COP27: Roundup for Day 2 – Nov. 8

Published 23:18 on November 8, 2022  /  Last updated at 12:29 on November 9, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary  /  No Comments

It’s Tuesday at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with developments throughout the day. Timestamps in local time (EEST, GMT+2).

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Green groups team up with industrial ‘front-runners’ to seek EU ETS and CBAM reform

Published 22:06 on November 7, 2022  /  Last updated at 22:06 on November 7, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

EU legislators must consider making more radical changes to EU ETS reform and CBAM legislation than are currently on the table, climate NGOs and industry representatives said in a joint letter on Monday ahead of negotiations on the bills due this week. 

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EU lawmakers want to use ETS for climate finance, ‘jumbo’ trilogue expected in December

Published 18:51 on November 4, 2022  /  Last updated at 18:34 on November 23, 2022  /  CBAM, Climate Talks, EMEA, EU ETS  /  No Comments

At least 10% of revenues from EU ETS auctions should be allocated to finance climate action in poorer nations, senior MEP Peter Liese said in a briefing on Friday, signalling that the bloc’s parliament will push the issue at the upcoming COP27 UN climate conference in Sharm el-Sheikh.

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Brussels idea to tap ETS revenue to pay CBAM costs divides EU nations

Published 17:28 on November 4, 2022  /  Last updated at 09:58 on November 5, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

EU finance ministers will next week discuss a Brussels idea to fund the early running costs of the bloc’s carbon border adjustment mechanism (CBAM) with ETS auction revenue, though they are not expected to reach agreement as they are too divided on the issue, an EU source said on Friday.

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Deadline looms for Western Balkan nations to advance carbon pricing

Published 17:24 on October 28, 2022  /  Last updated at 17:24 on October 28, 2022  /  CBAM, EMEA, EU ETS  /  No Comments

Western Balkan nations have until the end of year to adopt 2030 climate goals as a precursor to imposing carbon pricing, with the EU this week pledging €500 million in aid to help the process along while staving off Russian influence in the region.

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