OECD study finds unilateral carbon pricing drives higher emissions embedded in imports
Unilateral climate action can increase emissions embedded in imports, especially via carbon pricing, while other policy tools lower import carbon intensity and encourage cleaner sourcing, a new working paper from the OECD showed.
Read MoreUS CBAM could cut global emissions, raise $100 bln over a decade -think tank
A proposed US carbon border measure would cut global emissions while raising roughly $100 billion in revenue over its first decade, with most reductions and revenues occurring domestically, according to a new analysis.
Read MoreSeven takeaways from the EU Commission’s review of CBAM’s two-year transition
The EU’s Carbon Border Adjustment Mechanism (CBAM) has succeeded in encouraging more countries to pursue carbon pricing, and will have a minimal impact on the world’s poorest countries once its begins charging a carbon fee, the European Commission found in a review of the mechanism’s two-year transition.
Read MoreUS Democratic lawmakers propose bill introducing carbon tariff
US Democratic lawmakers reintroduced a bill Wednesday that would levy a carbon tariff on certain carbon-intensive imports, a measure that is designed to be a first step towards a US carbon border adjustment mechanism (CBAM).
Read MoreBrussels proposes temporary fund to support EU CBAM-linked exports
The European Commission on Wednesday proposed a temporary fund to support international exports of EU producers of goods covered by its Carbon Border Adjustment Mechanism (CBAM), saying the scheme will be financed with 25% of revenues until a permanent solution is found.
Read MoreEU moves to extend CBAM, adding €55 bln in covered imports
The European Commission has proposed extending its Carbon Border Adjustment Mechanism (CBAM) to 180 downstream goods from 2028, increasing the amount of covered EU imports by €55 billion and confirming details from a previously leaked draft.
Read MoreEU CBAM risks backfiring without urgent fixes, UK industry warns
The EU’s incoming Carbon Border Adjustment Mechanism (CBAM) could raise emissions and energy prices in both the UK and the bloc unless key design flaws are resolved before it enters into force on Jan. 1, British industry representatives said this week.
Read MoreLEAK: Brussels proposes to extend EU CBAM to 7,500 new importers from 2028
The European Commission plans to extend the EU Carbon Border Adjustment Mechanism (CBAM) to 180 additional downstream goods from 2028, meaning 7,500 new importers in the bloc will have to comply with the policy, according to a leaked draft seen by Carbon Pulse on Tuesday.
Read MoreEU’s CBAM tightening amplifies carbon cost shock for industrial importers, US investment bank warns
Revisions to the EU’s Carbon Border Adjustment Mechanism (CBAM) will impose significantly higher carbon costs on importers across steel, aluminium, cement, and fertilisers, according to new research from a US investment bank.
Read MoreBorder carbon rules spur early strategy shifts among BASIC nation firms -report
Companies in major emerging economies are beginning to adapt their strategies in response to border carbon policies, with early movers seeking to turn compliance into a competitive advantage as the EU’s Carbon Border Adjustment Mechanism (CBAM) enters its definitive phase in 2026.
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