CBAM to hit Vietnam’s steel exports, researchers find
Southeast Asia’s top steelmaker is likely to be hit by Europe’s carbon border taxes but not necessarily enough to force it to make a low-carbon change, a paper said this week.
Read MoreAsian CBAMs inevitable, but regional governments should collaborate, experts say
Asian equivalents to the EU’s Carbon Border Adjustment Mechanism (CBAM) will inevitably emerge as a way to ensure cash stays in their respective countries that would otherwise go to Europe, experts told a conference Thursday.
Read MoreBRIEFING: Australia must move fast to capture A$250 bln green iron opportunity
Australia must move fast to create a green industry from its current vast iron ore exports so it can go beyond a simple ‘dig and ship’ model to value-add creations. In so doing, the country can decarbonise its own industry and take advantage of the growing appetite for clean commodities.
Read MoreIntegrating EU CBAM with Article 6 can scale climate action -report
A potential synergy between the EU’s Carbon Border Adjustment Mechanism (CBAM) and Article 6.2 of the Paris Agreement could help to effectively scale climate action, according to a report published this week.
Read MoreUS CBAM can be vital climate, cooperation tool if crafted carefully -brief
Current proposals for a carbon border adjustment mechanism (CBAM) in the US are disjointed, but such a policy can be a valuable global climate tool if certain steps are taken to ensure its effectiveness as both a climate and economic measure, according to brief published recently.
Read MoreEU General Court to rule on ETS preliminary cases
The EU’s General Court will take over the legal jurisdiction for hearing and deciding questions regarding preliminary rulings on the EU ETS, under a change announced on Monday.
Read MoreFEATURE: Commonwealth promotes its model carbon tax, as CBAMs boost interest
The Commonwealth of Nations is speaking to three jurisdictions about implementing a model carbon tax law that its secretariat published last year, and is planning to further promote the law at COP29.
Read MoreAustralian gas giant bets on CBAM giving new green ammonia plant price advantage
Australia’s Woodside Energy has made a surprise $2 billion investment in a Texan clean ammonia plant, hoping the EU’s Carbon Border Adjustment Mechanism (CBAM) and contracts-for-difference schemes in Asia will help it command a premium on the market.
Read MoreBRIEFING: Amid steel boom, Malaysia faces rising CBAM costs, climate target challenge
Malaysia is expecting rapidly rising carbon emissions from its steel sector, which is expanding utilising CO2-intensive equipment that could put its climate targets at risk while imposing bigger costs under the EU Carbon Border Adjustment Mechanism (CBAM).
Read MoreLATAM Roundup: Public, private sectors seek collaboration on carbon pricing
Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 28, which saw convergences between public policy on one hand, and private sector initiatives on the other, as a broadening array of LATAM countries and companies throw their weight behind carbon pricing.
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