Hydrogen trade competitiveness hinges on embedded emissions under EU CBAM, finds analysis
Hydrogen imports into the EU will face carbon costs based on how they are produced under the bloc’s Carbon Border Adjustment Mechanism (CBAM), linking trade competitiveness to embedded emissions rather than how fuels are labelled, according to analysis published this week.
Read MoreSingapore to open call for projects under Article 6 agreement with Thailand next month
Singapore will operationalise its bilateral carbon credit agreement with Thailand next month, the deputy prime minister said this week, as the city-state steps up efforts to secure offsets to meet its climate targets.
Read MoreEU industry groups call on Commission to withstand pressure to weaken ETS
Two groups representing EU industries have urged the European Commission to avoid proposing changes to the Emissions Trading System (ETS) that would weaken the price of European carbon allowances – contradicting pressure from other lobbies.
Read MoreMore CBAMs are coming, but tricky questions on help for poorer exporters persist -experts
Border carbon adjustments (BCAs) make it possible for countries to impose the pain of carbon pricing at home – but questions of how much support to give developing exporter countries, and how far to recognise foreign climate policies, raise complications that have not yet been resolved, according to experts. Â
Read MoreGas seen as most feasible path to curb Indonesia’s captive coal emissions
Indonesia’s growing fleet of captive coal power, built largely to feed its nickel boom, could use natural gas as a stepping stone towards decarbonisation, a report said Thursday, calling it the most feasible route to cutting short- to medium-term emissions.
Read MoreUPDATE – Italy to request suspension of EU ETS pending reform
Italy plans to request a suspension of the EU Emissions Trading System (ETS), pending a thorough revision, a senior minister told journalists at the start of the EU Competitiveness Council on Thursday, sending benchmark carbon prices tumbling below €70 per tonne.
Read MoreFEATURE: The UK’s CBAM looks significantly different from the EU’s – and it’s worrying industries
The UK may be following in the EU’s footsteps in imposing a border carbon fee on imports of heavy-emitting goods – but in practice, the British system is set to diverge significantly from the European model, raising concerns for industries as they navigate both markets.Â
Read MoreFree allocation extension among most likely EU ETS policy reforms, say analysts
A slower phaseout of free allocation, a softer emissions cap trajectory, and changes to the Market Stability Reserve (MSR) are the main levers available to lawmakers looking to reform the EU carbon market, an investment bank said in a briefing on Tuesday.
Read MoreEuropean Parliament appoints former CBAM architect to steer its overhaul
The European Parliament has appointed Socialists and Democrats (S&D) lawmaker Mohammed Chahim to lead negotiations on reforming the EU’s Carbon Border Adjustment Mechanism (CBAM), a source told Carbon Pulse on Friday.
Read MoreEU member states push CBAM reform decision into second quarter
The Council of EU member states is not expected to reach a joint position on the proposed reform of the bloc’s Carbon Border Adjustment Mechanism (CBAM) by mid-March as initially planned, but rather towards the end of the second quarter, sources told Carbon Pulse.
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