ECS26: EU CBAM cost uncertainty and delayed rules complicate investment decisions, experts say
Gaps in cost calculations and delayed implementing rules are complicating investment and pricing decisions for companies under the EU’s Carbon Border Adjustment Mechanism (CBAM), experts said on Thursday at the European Climate Summit in Barcelona.
Read MoreECS26: Carbon pricing schemes must be flexible for climate goals to be upheld, say experts
Carbon pricing policies must be flexibly designed to ensure they can be tweaked to align with political realities, in order to retain electorate support for climate goals, said experts at a conference.
Read MoreEU lawmaker pushes to delete suspension mechanism, Article 6 recognition from CBAM
The European Parliament’s lead negotiator on the proposal to extend the EU Carbon Border Adjustment Mechanism (CBAM) proposes to delete both the temporary suspension mechanism and the reference to recognition of international carbon credits, in a draft position released on Tuesday.
Read MoreEU finance watchdog finds multiple flaws in temporary decarbonisation fund
The European Court of Auditors has warned of several weaknesses in the design of the proposed temporary decarbonisation fund set up to compensate exporters of goods covered by the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreMost Asian carbon markets unlikely to hit EU CBAM price levels, say experts
Most of Asia’s carbon pricing systems will not approach the EU’s Carbon Border Adjustment Mechanism (CBAM) price levels of around €75 per tonne, experts said Tuesday.
Read MoreEU CBAM to have limited impact on Asian countries that implement effective carbon pricing, report says
As the EU Carbon Border Adjustment Mechanism (CBAM) enters into force, Asian countries are accelerating the development of domestic carbon pricing policies to keep revenues at home, rather than paying a levy at the EU border, according to a report.
Read MoreLawmaker seeks broader, faster CBAM fund to shield EU exporters
The European Parliament is gearing up for talks over a new “Temporary Decarbonisation Fund” that would channel revenues from the EU’s Carbon Border Adjustment Mechanism (CBAM) back to EU exporters while tightening climate conditionality, according to a draft report put forward this week by French lawmaker Pascal Canfin.
Read MoreBRIEFING: EU capitals urge caution over recognition of international credits in CBAM
Several EU member states have urged caution over recognising international carbon credits as a “carbon price paid” in talks on extending the EU’s Carbon Border Adjustment Mechanism (CBAM), responding to a draft text that will form the basis of their joint negotiating position.
Read MoreCOMMENT: CBAM’s aluminium scrap loophole – An EU circular economy cannot be built by weakening the industries that sustain it
If EU policymakers are serious about preserving Europe’s low-carbon aluminium production, maintaining a competitive recycling base, and delivering on the EU’s circular economy and strategic autonomy objectives, they must address CBAM’s aluminium scrap loophole.
Read MoreThink tank suggests lower, country-level default values to ease EU CBAM burden
The European Union should give countries that export goods covered by its Carbon Border Adjustment Mechanism (CBAM) the option to use lower, opt-in, country-level emissions values, as this could cut administrative costs and reduce carbon leakage, a Brussels-based think tank said this week.
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