COP30: BRIEFING – Brazil opens new forum for climate-related trade issues
Brazil opened at COP30 its new international forum for addressing climate-related trade issues, receiving support from several countries and organisations as it seeks to alleviate tensions around the incoming proliferation of global carbon tariffs.
Read MoreCOP30: Turkish CBAM unlikely to start before 2029, energy exchange CEO says
Turkiye’s Carbon Border Adjustment Mechanism (CBAM) will go ahead, but not before 2029, the CEO of the country’s energy exchange said on Thursday.Â
Read MoreUK to begin formal talks with EU on ETS linkage after countries give green light
The Council of the European Union on Thursday approved the start of negotiations with the United Kingdom on a landmark agreement to link their emissions trading systems (ETS).
Read MoreCOP30: CBAMs can promote cross-border industrial partnerships, experts say
The development of carbon border adjustment mechanisms (CBAMs) could foster international industrial partnerships to help close financing gaps for decarbonisation, proponents said on a side event at the UN climate summit in Brazil.
Read MoreEU countries back mandate to start ETS linking talks with UK
European Union countries have agreed on a mandate to start negotiations with the UK on linking their respective carbon markets, the Council of EU member states said on Wednesday.
Read MoreCOP30: Investment shortfall in climate finance may hit $26 trillion by mid-2030s
Governments increasingly putting domestic priorities first can still find powerful incentives for international cooperation on climate change, according to a new discussion paper unveiled Wednesday at COP30, though action must be taken soon to avoid a $26 trillion finance shortfall by 2036.
Read MoreUK parliament calls for greater clarity on EU ETS linkage, arbitration
The UK’s upper parliamentary chamber, the House of Lords, has called on the government to clarify how disputes would be resolved if a link is established between the UK’s Emissions Trading System (ETS) with that of the EU, particularly regarding the role of the EU Court of Justice in such matters.
Read MoreCOP30: Roundup for Day 3 – Nov. 12
Day 3 at COP30 in Belem. Heavy rain and a big clash between protesters and UNFCCC security on Tuesday have somewhat dampened initial optimism for the summit, as crunch presidency updates are now expected on Wednesday that should signal where talks are likely to land over the coming days.
Read MoreCOP30: Confidence in long-term future of carbon markets, but geopolitics add uncertainty -survey
Stakeholders remain cautiously optimistic about the long-term expansion of global carbon markets, but note that growing geopolitical tensions are impacting integration timelines and climate policy design, according to a new survey.
Read MoreDraft EU CBAM implementation rules mirror ETS, with stricter verification in first year
Companies that must comply with the EU’s Carbon Border Adjustment Mechanism (CBAM) will have to follow verification rules closely aligned to those already in place for the bloc’s carbon market, and will have to undergo a physical check already in 2026, according to a draft text seen by Carbon Pulse.
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