Thailand’s cabinet approves carbon tax on fossil fuels

Published 06:03 on January 22, 2025  /  Last updated at 06:03 on January 22, 2025  / /  Asia Pacific, Carbon Taxes, CBAM, Other APAC

The cabinet of Thailand on Tuesday approved its plan to impose a carbon tax on oil and other petroleum products in an effort to reduce the country’s greenhouse gas emissions.

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INTERVIEW: EU could accept Article 6 credits for CBAM, ETS — if they’re strong enough, says ex-top official

Published 15:55 on January 20, 2025  /  Last updated at 15:55 on January 20, 2025  / /  Carbon Taxes, CBAM, EMEA, EU ETS, International, Kyoto Mechanisms, Paris Article 6

The EU could accept international carbon units in its Carbon Border Adjustment Mechanism (CBAM), ETS, or ETS2 schemes — as long as the credits are of a high enough quality, according to a former top climate official. 

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CBAM fees expected to bite into Ukrainian GDP, causing job losses

Published 13:56 on January 20, 2025  /  Last updated at 13:56 on January 20, 2025  / /  Carbon Taxes, CBAM, EMEA

The EU’s Carbon Border Adjustment Mechanism (CBAM) fee could cause Ukraine to lose 6.4% of its GDP by 2030 due to a drop in export volumes and job losses, according to Ukrainian analysis.

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FEATURE: EU may lose out on US LNG imports under Trump, prompting a rethink

Published 13:29 on January 17, 2025  /  Last updated at 13:29 on January 17, 2025  / /  CBAM, Climate Talks, EMEA, International, US

LNG trade may cease to be a bargaining chip in relations between Brussels and Washington under the next Trump administration, forcing the EU to rethink its energy transition plans for the coming years, according to experts. 

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CARBON FORWARD MIDDLE EAST: FEATURE – Compliance emissions pricing measures take root in the Gulf

Published 10:28 on January 17, 2025  /  Last updated at 10:28 on January 17, 2025  / /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, International, Middle East, Nature-based, Paris Article 6, Voluntary

Multiple gulf states have adopted domestic greenhouse gas (GHG) emissions pricing or reporting schemes over the past year, reflecting coordinated efforts to reduce the carbon intensity of their economies, market participants said at Carbon Forward Middle East in Abu Dhabi.

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Ex-Polish minister proposes massive EU fund to sustain clean industries

Published 16:45 on January 15, 2025  /  Last updated at 16:45 on January 15, 2025  / /  CBAM, China, Climate Talks, EMEA, EU ETS, US

The EU should create a new fund to stave off the existential threat of Chinese and American competition while moving closer to the bloc’s climate neutrality objectives, according to former Polish Climate Minister Marcin Korolec.

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Yara urges EU support for exports of CBAM-covered fertilisers

Published 11:52 on January 13, 2025  /  Last updated at 13:42 on January 13, 2025  / /  Carbon Taxes, CBAM, EMEA, EU ETS

The EU carbon market is putting European fertiliser producers at a “double disadvantage” compared to Russia and the US, which have access to cheap energy, don’t pay for CO2 emissions, and won’t pay the full cost of the EU’s Carbon Border Adjustment Mechanism (CBAM) until 2034, said Yara CEO Svein Tore Holsether.

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CARBON FORWARD MIDDLE EAST: Top 5 trends shaping MENA carbon markets in 2025

Published 00:30 on January 13, 2025  /  Last updated at 00:32 on January 13, 2025  / /  Africa, Carbon Taxes, CBAM, EMEA, International, Middle East, Paris Article 6, Voluntary

The Middle East and North Africa (MENA) represent a small but increasingly dynamic segment of international carbon markets, with five trends from the past year defining regional engagement.

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EU car industry “hopeful” CBAM concerns will be addressed

Published 16:28 on January 9, 2025  /  Last updated at 16:28 on January 9, 2025  / /  Carbon Taxes, CBAM, EMEA

Manufacturers have cited lack of access to accurate emissions data along the auto industry’s complex supply chain as well as administrative challenges among a range of factors hampering the EU’s Carbon Border Adjustment Mechanism (CBAM).

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INTERVIEW: German industry laments climate policy paralysis as CBAM fees approach

Published 16:15 on January 9, 2025  /  Last updated at 16:15 on January 9, 2025  / /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

As Europe prepares for the rollout of new carbon regulations, Germany’s industrial sector faces mounting uncertainty due to delays in implementing climate policies.

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