Industry, experts call for major changes to EU’s CBAM border proposal
The EU’s proposed carbon border adjustment mechanism (CBAM) needs fundamental design changes, including adding export rebates, a testing period, and extended coverage to scope 2 emissions, a conference heard Tuesday.
Read MoreUncertain legal nature of voluntary carbon credits holding back market -financial trade body
The fast-growing market for voluntary carbon credits would be bolstered by the further development of derivatives trading, but several key legal issues including the uncertain legal nature of offsets need to first be addressed, a major financial industry trade association has said.
Read MoreEU lawmakers seek changes to CO2 border measures that could ease impact on US emitters
The European Parliament’s cross-party trade committee is seeking changes to the EU’s proposed Carbon Border Adjustment Mechanism (CBAM) that could substantially lower costs faced by US emitters, according to a draft report published this week.
Read MoreCampaigners cheer small victory for Arctic at UN’s shipping climate talks
A voluntary measure to reduce shipping’s black carbon emissions in the Arctic was adopted at the UN’s International Maritime Organisation (IMO) negotiations on Friday, a move welcomed by green groups as a modest step while other climate decisions for the sector were deferred.
Read MoreIMO climate talks slog along with another blockade to climate action, this time on black carbon
Climate progress under the UN’s International Maritime Organisation (IMO) faced another roadblock Thursday, as a handful of countries moved to block a resolution to reduce black carbon emissions in the Arctic – even though these were voluntary, non-binding measures.
Read MoreANALYSIS: US-led release of oil reserves defies carbon pricing push
The US-led release of millions of barrels of oil from strategic reserves by major consumer nations this week goes in the opposite direction to what climate experts say will help shift the world off fossil fuels.
Read MoreSeveral nations baulk at 2050 net zero shipping goal as IMO talks resume
Several countries attempted to block efforts to raise the shipping sector’s emissions target to a 2050 net zero goal on Monday, as week-long talks begin at the UN’s International Maritime Organization (IMO).
Read MoreANALYSIS: REDD faces longer road to Paris era crediting after Glasgow talks setback
Efforts to develop REDD+ forest protection carbon credits in the Paris Agreement era risk a long road ahead, as divisive views marked the Glasgow COP26 climate summit.
Read MoreClean energy largely absent from US House reconciliation package, ‘Three Amigos’ statement
US Democrats’ $1.9 trillion Build Back Better (BBB) package passed the House of Representatives Friday, but the budget legislation excluded clean power programmes that were also noticeably absent from a statement following the North American leaders’ summit.
Read MoreCanada’s Trudeau touts carbon tax, CBAM ahead of Three Amigos Summit
Prime Minister Justin Trudeau has promoted Canada’s approach to carbon pricing including a potential carbon border adjustment mechanism (CBAM) during his trip to Washington DC, ahead of the Three Amigos Summit with leaders from the US and Mexico.
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