EU’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.
Read MoreANALYSIS: New EU climate proposals to have limited immediate impact on carbon market, experts say
The European Union’s new climate policies are unlikely to have a significant near-term impact on the bloc’s carbon market, but long-term uncertainties remain, analysts have told Carbon Pulse.
Read MoreFEATURE: BRICS see opportunity to rise as non-Western counterpoint in climate policy
The large BRICS emerging economies could reshape the international climate policy landscape, but expectations of this non-Western coalition should be “moderate” despite its recent embrace of carbon markets, according to experts speaking to Carbon Pulse.
Read MoreEU proposes to exempt small importers from CBAM, delay sale of certificates by one year
The European Commission has proposed raising the threshold for importers of goods covered by the EU’s Carbon Border Adjustment Mechanism (CBAM), bringing around €1.2 bln in savings while still covering over 99% of emissions, it announced on Wednesday.
Read MoreUPDATE – EU Commission proposes delaying corporate climate reporting rules by two years
The European Commission has proposed delaying recently adopted corporate reporting directives by two years, it announced on Wednesday as part of its Omnibus regulation aimed at reducing regulatory burdens on companies.
Read MoreSoutheast Asian steelmaker to double production, cut emissions in new deal
A major Indonesian steelmaker with over 1 million tonnes of capacity a year has committed to producing lower-carbon products after announcing a partnership with a European company hoping to meet EU steel demand without having to buy additional CO2 allowances under the carbon border adjustment mechanism (CBAM).
Read MoreEU handing out too many free carbon permits to heavy industry, says report
The EU is giving away too many free carbon permits to heavy industry in some cases, effectively subsidising some of the bloc’s most emissions-intensive sectors, a report from green groups has found.
Read MoreUkraine approves roadmap for national ETS
Ukraine has approved a roadmap for setting up a national emissions trading system (ETS) – although it would not become fully operational until the country’s war-torn economy has recovered, the environment minister has announced.
Read MoreLEAK: Brussels set to postpone CBAM fees and trim reporting rules
The European Commission plans to defer the financial obligations for companies under the Carbon Border Adjustment Mechanism (CBAM) to 2027, from 2026, and raise the threshold of emissions embedded in goods that are subject to the fee, according to a leaked draft amendment seen by Carbon Pulse on Saturday.
Read MoreMerz EU ally in Brussels speaks out on climate ahead of German election
Germany’s climate policy objectives would not change radically under a centre-right government led by CDU frontrunner Friedrich Merz, although he is still noncommittal on the country’s coal exit, according to German MEP Peter Liese, a veteran centre-right lawmaker in the European Parliament.
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