CFME26: “A bit of a circus” – EU’s indecision over CBAM rules raises uncertainty for industries
The European Commission’s proposal to pause its border carbon fee for fertiliser imports highlights the risk of investing in low-carbon products, amid “frustrating” political indecision, industry insiders said at Carbon Forward Middle East on Thursday.
Read MoreCFME26: EU ETS price to hit new records in coming months, amid fundamental changes -expert
EU ETS prices are set to break the record high of €101 within the next three months, and likely go higher by mid-year, driven by a looming allowance supply crunch and pressure on heavy industries to begin trading, an expert told the Carbon Forward Middle East conference on Wednesday.
Read MoreTaiwan offers carbon fee relief to prevent heavy industry from offshoring
Taiwan has set out rules allowing its emissions-intensive industries to apply for relief under the island’s carbon fee, as the government seeks to prevent factories moving overseas and preserve competitiveness.
Read MoreANALYSIS: Fertilisers EU CBAM exemption could undermine stability of entire mechanism, industry says
Analysts and industry associations have weighed in on the European Commission’s proposed temporary exemption of fertilisers from the EU’s carbon border fee, expressing concern over potential consequences for the overall stability of the new climate policy.
Read MoreCarbon prices to outpace abatement costs under Indian ETS -report
Costs of purchasing carbon credits under India’s upcoming compliance mechanism are expected to rise sharply as the price of decarbonisation continues to fall, benefitting early movers that invest in abatement technology, according to a major accounting firm.
Read MoreEU trade commissioner proposes temporary exemption of fertilisers from CBAM
European Commissioner for Trade Maros Sefcovic is proposing to temporarily exempt fertilisers from the EU’s Carbon Border Adjustment Mechanism (CBAM), following pressure from France and Italy on Wednesday.
Read MoreEU CBAM kicks in as concerns emerge over verification timeline
The EU’s Carbon Border Adjustment Mechanism (CBAM) officially kicked in January after a two-year pilot phase, but concerns have emerged over whether suppliers of affected goods will be able to get their emissions verified in time for the first reporting deadline.
Read MoreCyprus presidency targets CBAM deal, grid reforms in pivotal EU climate year
Cyprus, which has taken over the rotating EU Council presidency for the next six months, will aim to clinch a deal between the 27 EU countries on the extension of the bloc’s Carbon Border Adjustment Mechanism (CBAM) on Mar. 10, as well as secure agreements on the European Grids Package and the Competitiveness Fund in June.
Read MoreChina warns of countermeasures against EU CBAM to safeguard development interests
China has said it would take all necessary measures in response to trade restrictions under the EU’s Carbon Border Adjustment Mechanism (CBAM), which enters its full implementation phase from 2026 after a two-year pilot.
Read MoreUK refiners seek carbon cost relief following plant closures, urge CBAM clarity
UK refiners have called on the government to reallocate unused free allowances from recently closed facilities and confirm the inclusion of refined fuels in the country’s upcoming Carbon Border Adjustment Mechanism (CBAM).
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