Think tank urges European Commission to address major flaws in carbon compensation mechanism
An environmental think tank has warned the European Commission against expanding its state aid scheme for Indirect Carbon Costs (ICC), linked to the bloc’s carbon market, without first addressing major design flaws, in a policy brief published Thursday.
Read MoreEU commits to “additional flexibilities” on CBAM as part of joint US trade framework
The EU has committed to work towards granting extra flexibilities on how its flagship carbon leakage policy is implemented, responding to concerns expressed by the US, as the world’s two largest economies announced a new trade framework that will cut tariffs, expand energy and technology ties, and boost defence procurement.
Read MoreResearchers see limited short-term risk of EU’s CBAM to China, but could bite harder if expanded to other sectors
The EU’s planned Carbon Border Adjustment Mechanism (CBAM) will have only a minor effect on China’s economy in its initial stages, but could inflict significant losses if extended across more sectors, according to new research.
Read MoreEU CBAM to hit developing country competitiveness, says World Bank
The EU Carbon Border Adjustment Mechanism (CBAM) is set to reshape global trade in carbon-intensive products, with new World Bank analysis showing that while the overall economic impact may be modest for most, several developing countries could see significant competitiveness losses in key sectors.
Read MoreMalaysian steel sector needs $47/t carbon price by 2030 -report
Malaysia should introduce carbon pricing for the steel sector in a phased manner to encourage a shift towards low-emissions production, a report published Tuesday said, adding that without intervention, the industry’s CO2 trajectory will remain misaligned with the national climate targets.
Read MoreGovt-backed trade body launches platform to aid Indian exporters with CBAM compliance
A trade body under India’s Ministry of Commerce and Industry has set up an end-to-end Carbon Border Adjustment Mechanism (CBAM) reporting platform to aid local exporters comply with global carbon border taxes.
Read MoreEU CBAM expected to dent competitiveness of Germany’s trade-exposed industries
The introduction of a carbon border tariff will “surprisingly” hurt German industries with a high share of imported and emissions-intensive goods, according to a new study on the country’s readiness of EU climate policy.
Read MoreUK firm launches new AI forecasting model for EU carbon market
A UK-based AI company specialising in sustainable resource analytics has unveiled a new carbon price forecasting model for the EU Emissions Trading System (EU ETS).
Read MoreAnalysts raise 2025 EU carbon price forecast 10%
Analysts have raised their price expectations for 2025 EU carbon allowance prices by 10%, they said this week.
Read MoreFEATURE: EU may backpedal on elements of CBAM until global trade tensions ease
The European Commission may delay some elements of its carbon border fee until global trade tensions ease, particularly as developing countries question the way that revenues will be spent and consider their own retaliatory instruments, experts say.
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