Countries consult on pan-Pacific green trade partnership
A collection of governments around the Pacific are seeking input from businesses to guide their negotiations on a green economy partnership.
Read MoreEU climate chief believes anti-CBAM sentiment has peaked
The EU’s incoming Carbon Border Adjustment Mechanism (CBAM) did not cause as much uproar at COP30 as in previous years, suggesting that opposition has peaked, EU Climate Commissioner Wopke Hoekstra said on Tuesday.
Read MoreThailand approves climate change bill with carbon tax, ETS provisions
Thailand’s Cabinet on Tuesday approved the Climate Change Bill that will introduce carbon taxes, establish a carbon credit trading regime, and create a national body to steer greenhouse gas policy.
Read MoreEU’s CBAM could raise up to €75 bln a year by 2035, researchers find
The EU’s Carbon Border Adjustment Mechanism (CBAM) could become a major new revenue stream for Brussels and member states, but receipts will vary widely depending on how far trading partners roll out their own carbon pricing schemes and how broadly the tool is extended across the economy, according to a new study published on Monday.
Read MoreSouth Korean chipmakers risk losing edge as EU CBAM expands, report says
South Korea’s fossil fuel-reliant semiconductor industry could lose its international competitiveness with the potential inclusion of semiconductors and indirect emissions in the EU’s Carbon Border Adjustment Mechanism (CBAM), a new report has argued.
Read MoreBusiness group urges EU CBAM clarity ahead of next phase
With the EU’s Carbon Border Adjustment Mechanism (CBAM) set to move from a transitional reporting phase into full operation from 2026, business groups have warned in a letter to the European Commission that key technical guidance is still missing, leaving companies unable to prepare for the new rules.
Read MoreUK set to legislate CBAM, with a few changes based on consultation feedback
The UK is preparing to enshrine its new Carbon Border Adjustment Mechanism (CBAM) into law, taking effect from 2027, the government announced on Wednesday evening.Â
Read MoreUK sets timeline for phaseout of free allocation to CBAM sectors
The UK will phase out free allocation of UKAs to industries covered by its Carbon Border Adjustment Mechanism over a period of nine years starting in 2027, the government confirmed in a statement on Wednesday.
Read MoreCOP30: China sought CBAM dismantling in pre-dawn standoff with EU -sources
China pressed the EU in a tense pre-dawn standoff at COP30 on Saturday, offering to support tougher language on ambition and adaptation in the final outcome text in exchange for Brussels agreeing to kill its Carbon Border Adjustment Mechanism (CBAM), according to sources.
Read MoreCOP30: Fossil fuels out, adaptation in after “stormy” politics leave a mixed Belem bag
Countries failed to strengthen international efforts to drive an energy transition after two fraught weeks of COP30 negotiations, beyond doubling down on an existing 2023 pledge, agreeing to speed up decarbonisation targets, and reaffirming last year’s goal to boost climate finance.
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