Energy
News
BRICS summit is likely to strongly oppose carbon tax proposed by EU
Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.
EU parliament committee approves farm subsidy reforms
The European Parliament’s agriculture committee approved a deal to overhaul the European Union’s huge farming subsidies, including new measures aimed at making agriculture greener.
The employment impact of a green fiscal push
The green investments in Senate-passed, bipartisan infrastructure legislation could, over several years, help manual laborers whose jobs are at risk as the world transitions away from fossil fuels.
Reports
In Chile, green tax on stationary sources raises US$188,3 million in 2018, and records a slight drop on revenue collection ability due to lower emissions
In 2018, the 93 establishments subject to the green tax totaled payments of US$188,3 million. This amount corresponds to the valuation of the emissions reported
New World Energy Outlook published (IEA)
The International Energy Agency (IEA) published its annual World Energy Outlook. Over the next two decades, the world’s energy system will undergo a huge transformation.
Global Warming of 1.5 °C (IPCC)
In its landmark report on the fast-approaching dangers of climate change, the Intergovernmental Panel on Climate Change (IPCC) said that putting a price on carbon
