ANALYSIS: EU opening for Article 6 in CBAM sends “positive signal” for credit demand, but puts climate credibility at risk
Allowing EU importers to deduct international carbon credits from their Carbon Border Adjustment Mechanism (CBAM) fees is an endorsement of the UN’s Article 6 carbon markets – but some worry it may come at the expense of the mechanism’s climate integrity.
Read MoreEU holds off on CBAM exemption for fertilisers in new action plan
The European Commission has no plans “yet” to exempt fertilisers from the Carbon Border Adjustment Mechanism (CBAM), but sees the upcoming review of the EU Emissions Trading System (ETS) as a chance to “carefully assess” ways to support the sector’s decarbonisation, officials said on Tuesday as they launched a Fertiliser Action Plan.
Read MoreCarbon shifting from international value to domestic concern in India, says report
While India has been an active participant in international carbon markets, the introduction of its compliance ETS and the EU’s Carbon Border Adjustment Mechanism (CBAM) is shifting the carbon value to domestic companies, found a report.
Read MoreLATAM Roundup: EU’s draft CBAM rules may be a boon for some in the region
Several Latin American countries are poised to benefit from the European Commission’s newly published rules for recognising domestic carbon prices, including carbon credits, paid before products are exported and subject to the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreWar-driven fertiliser price spike puts spotlight on agribusiness profits ahead of EU action plan
The European Commission’s action plan for fertilisers due on Tuesday will land amid renewed scrutiny of the sector after an investigation found executives and investors at major agribusiness firms sold more than $66 million in shares during war-driven price spikes.
Read MoreBrussels weighs fertiliser stockpiles, ETS relief as Middle East conflict drives price shock -media
The European Commission is preparing emergency support for farmers and possible relief for fertiliser producers under the EU Emissions Trading System (ETS), as a renewed surge in fertiliser prices linked to conflict in the Middle East raises fears over food production.
Read MoreWeak Turkish ETS risks failing on climate goals, CBAM protections -report
Turkiye’s upcoming emissions trading system (ETS) risks failing to both cut greenhouse gas output and shield exporters from looming EU carbon border costs because of weak design features, according to a report published Wednesday.
Read MoreCBAM ‘not enough’ to stop EU carbon leakage, think tank warns
The EU’s Carbon Border Adjustment Mechanism (CBAM) will not, on its own, prevent European industry from shifting production to countries without carbon pricing, and risks pushing up costs and leakage risks for downstream sectors, a new report has warned.
Read MoreDraft EU rules allow international credits to cover CBAM fees
The European Commission has proposed recognising international credits as a carbon price paid outside the EU, making it possible for importers to deduct the costs from their Carbon Border Adjustment Mechanism (CBAM) fees, according to draft rules published on Wednesday.
Read MoreFEATURE: Companies face EU “CBAM chaos”, with high fees for ‘default’ emission values
Companies worldwide are scrambling to prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), but many still do not know whether they will be able to use verified plant-level emissions data or be forced to rely on punitive default values – a distinction experts say could determine whether exporters remain competitive in Europe at all.
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