Carbon 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.
Read MoreINTERVIEW: EU’s carbon border fee will kickstart domino effect of carbon taxes, says Indonesian steel producer
An Indonesian steel producer is investing now in low-carbon steel production, hoping to capture the wave of expected demand for green steel when the EU’s carbon border fee comes into play in 2026.
Read MoreAfrican Group, Russia talk “fair” climate action, bemoaning CBAM
The Kenyan chair of the African bloc of climate change negotiators recently visited Moscow to discuss international challenges including trade barriers such as the EU’s carbon border fee, and the outlook for the global carbon market, the group announced on Wednesday.
Read MoreEU launches high-level steel talks as sector faces existential crisis
The European Commission has kicked off a Strategic Dialogue on the future of the EU’s steel sector, as industry leaders warn that rising costs, global overcapacity, and stalled decarbonisation efforts threaten its survival.
Read MoreNew suite of news and intelligence products to celebrate 10 years of Carbon Pulse
To celebrate 10 years of Carbon Pulse, we are announcing the launch of two new subscription products – Net Zero Pulse and Nature & Biodiversity Pulse – to enhance our suite of specialist news and intelligence offerings.
Read MoreEU’s CBAM may give non-EU importers competitive edge over local producers -bank analysts
Non-EU importers may hold a competitive advantage over European producers under the EU’s Carbon Border Adjustment Mechanism (CBAM) due to market information asymmetries and the ability to sell back emissions certificates, according to an investment bank report.
Read MoreGermany urges EU to soften blow of higher emissions costs on exports, amid other CBAM changes
The European Commission needs to provide extra funding for EU exports in industries covered by the incoming carbon border fee, to soften the blow of rising EU ETS costs and maintain their international competitiveness, outgoing German ministers said in a letter setting out a number of recommendations.
Read MoreCarbon Pulse continues to strengthen reporting teams with new hires, promotions
Carbon Pulse has further strengthened its team of carbon market, climate policy, nature, and biodiversity reporters with a series of new hires and internal promotions.
Read MoreEU’s Clean Industrial Deal falling short of much-needed “radical change”, steelmakers say
The European Commission’s proposal for a Clean Industrial Deal, unveiled on Wednesday, contains laudable initiatives but falls short of “structural solutions” to issues like trade, high energy prices and the EU’s Carbon Border Adjustment Mechanism (CBAM), said steel association Eurofer.
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