ANALYSIS: EU market players warn strong price control measures could crash confidence in ETS
European carbon market participants have raised concern that heavy changes to the EU ETS to reduce costs for industry, such as establishing a price corridor or cap, could create a crisis of confidence in the mechanism and even threaten the bloc’s climate goals.
Read MoreJanuary’s fertiliser drop linked to stockpiling, not the EU CBAM fee -trade bodies, NGOs
Imports of fertilisers fell to a record low in January – not because of the EU’s new Carbon Border Adjustment Mechanism (CBAM), but because importers stockpiled an unprecedented amount of fertilisers in December, trade bodies and NGOs said this week.
Read MoreEU launches tender for CBAM certificate trading platform
The European Commission and EU member states have launched a joint tender to build and operate the platform that will sell and repurchase certificates under the bloc’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreCOMMENT: The changing face of carbon pricing regulation – what businesses need to know
Rapidly evolving carbon pricing regimes are reshaping global business costs and compliance obligations; Alwyn Hopkins, sustainability leader for industrials and energy at EY UK, outlines the practical steps companies need to take to prepare, respond, and thrive.
Read MoreEU carbon border levy could accelerate Central Asia’s shift away from coal, report finds
The EU’s Carbon Border Adjustment Mechanism (CBAM) could speed up Central Asia’s shift away from coal-fired power, as cutting emissions emerges as the most cost-effective way for the region to maintain access to European markets, according to a report published this week.
Read MoreAustralian CBAM would complement the Safeguard Mechanism, experts say
The planned introduction of a carbon border adjustment for certain commodities could affect Australia’s carbon market and Safeguard Mechanism in several ways but would be broadly positive if well designed, experts said.
Read MoreEU’s carbon border fee may be more inflationary than expected, says think tank
The EU’s carbon border fee may trigger greater inflationary effects than anticipated, with pressures already evident in the fertiliser sector, according to a think tank.
Read MoreReview backs Australian carbon border fee for cement and clinker
Australia should apply a carbon border adjustment mechanism (CBAM) to the cement and clinker sectors, while other sectors will need further analysis, according to a review on emissions leakage published Friday.
Read MoreINTERVIEW: EU’s Article 6 trading strategy is an opportunity to advance carbon pricing in other countries
The EU has an opportunity to help other countries build their own carbon pricing programmes, and forge alliances, as part of its strategy for buying Article 6 carbon credits – once the bloc has a clearer idea of how it wants to participate in global markets, according to the head of international emissions trading lobby IETA.
Read MoreSouth Africa mulls carbon tax pause as power costs bite
South Africa’s energy minister is working on a proposal to temporarily suspend the carbon tax in a bid to ease pressure from electricity tariffs, a move which could weaken climate policy signals and complicate access to Just Energy Transition Partnership (JETP) finance, according to local media reports.
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