Draft 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.
Read MoreCOP30: Brazil avoids agenda spat, despite unilateral trade measure complaints
Brazil has managed to head off potential delays to negotiations at COP30 on Monday, even as concerns with climate change-related unilateral trade measures were put forward by parties in an early agenda text.
Read MoreCanada’s fragmented carbon pricing risks EU control, experts say
Canada’s decentralised approach to carbon pricing could complicate CBAM recognition and effectively cede climate policy control to Brussels, speakers warned Wednesday at cCarbon’s Canada Clean Fuels and Carbon Markets Summit in Calgary.
Read MoreEU countries expected to approve mandate for UK carbon market linking talks
National representatives are expected to approve a negotiating mandate later this week to begin talks on linking the EU and UK carbon markets, according to meeting documents seen by Carbon Pulse.
Read MoreEU ministers need extra time to agree on 2040 climate target
EU ministers said they would need the entire night to clinch a deal on the bloc’s 2040 climate target at their extraordinary environment meeting in Brussels on Tuesday, meaning the final agreement will only be communicated on Wednesday morning at the earliest.
Read MoreBRIEFING: Missing CBAM rules to be adopted early December, EU says
Remaining rules for the EU’s Carbon Border Adjustment Mechanism (CBAM)’s implementation will be voted by EU member states in mid-November, a European Commission official said this week, while an anti-circumvention and extension proposal will be proposed in early December.
Read MoreSingapore, Chile, and New Zealand begin green trade and investment negotiations
Leaders from Singapore, Chile and New Zealand announced the start of negotiations as part what they called a Green Economy Partnership Agreement (GEPA), according to a statement Friday.
Read MoreWestern Balkan power exports face “perfect storm” as EU CBAM nears -report
Mounting carbon costs, lack of domestic pricing, delayed market integration, and limited transition support could create a “perfect storm” for the Western Balkan power sector as the EU’s Carbon Border Adjustment Mechanism (CBAM) takes effect next year, according to research released Tuesday.
Read MoreINTERVIEW: EU needs to consider Canada’s sub-national carbon markets for CBAM
The EU needs to consider sub-national carbon markets to give Canadian exporters a fair shot at reducing their CBAM costs, a Toronto-based carbon market analyst told Carbon Pulse.
Read MoreBrussels-based think tank backs delaying phaseout of free carbon allowances to give industry more time to decarbonise
There is no perfect solution when it comes to preventing exporters to the EU from finding ways to circumvent the EU’s Carbon Border Adjustment Mechanism (CBAM), according to a Brussels-based think tank, advocating instead for a delay in the phasing out of free carbon allowances to give industry more time to decarbonise.
Read More