ANALYSIS: Environmental, economic interests converge in US federal CBAM bills
Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.
Read MoreEU nations call for sustainable carbon policy package for chemicals
Some EU member states are calling upon the European Commission to put forward a policy package on sustainable carbon for the chemical industry, according to a joint statement they delivered to the commissioner in charge of climate action, Wopke Hoekstra, in Brussels on Tuesday.
Read MoreForeign exploitation driving fossil fuel exports in developing countries, say NGOs
Developing countries are stuck in a vicious cycle exporting climate-destructive raw materials like oil and gas, and importing processed goods from wealthier countries, according to panellists speaking on a climate finance webinar Monday, in what may be compromising international emissions reduction goals.
Read MoreEU industries exposed to ‘full loss of export markets’ due to climate policies -report
While the EU’s Carbon Border Adjustment Mechanism (CBAM) provides an effective protection against imports of cheaper CO2-intensive products into Europe, it omits a crucial export dimension, with potentially devastating consequences for sectors like steelmaking and fertilisers, according to a new report.
Read More‘Anecdotal evidence’ that CBAM is spurring carbon pricing initiatives worldwide, EU official says
The EU’s Carbon Border Adjustment Mechanism (CBAM), which came into force last year, is spurring new carbon pricing initiatives in countries around the world as they seek to avoid the CO2 tariff, an official has said, adding however, that not all of these schemes are comparable to the bloc’s ETS.
Read MoreChina updates emission factors for domestic power sector to strengthen carbon accounting
China has published a set of emission factors for the power sector, as it seeks to strengthen carbon accounting requirements for domestic companies for the national emissions trading scheme as well as ahead of the introduction of the EU carbon border adjustment mechanism (CBAM).
Read MoreETS emissions now down 47%, closing in on EU 2030 climate goal, official says
The record fall in emissions registered in 2023 puts the EU on track to reach its climate target for 2030, with only 15 percentage points to make up to hit the 62% greenhouse gas reduction objective set for the bloc’s ETS, an official said.
Read MoreEU carbon pricing revenue allocation criticised by ENGO
Concerns have been raised over how the EU allocates revenue from its carbon pricing mechanisms, specifically the Carbon Border Adjustment Mechanism (CBAM) and the EU Emission Trading System (ETS).
Read MoreA European Green Deal 2.0 is necessary and beneficial, argues report
A European Green Deal 2.0 is not only necessary but beneficial to addressing economic challenges persisting across the EU, according to a report published on Thursday.
Read MoreEU food ETS needed to reach global decarbonisation goals -report
A European Emissions Trading Scheme (ETS) that pioneers carbon pricing for food and agriculture is essential to reach global decarbonisation goals, argues a report published on Wednesday (April 10).
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