News
EU’s border tax gives countries 5 years to clean up industries or face penalties
Unpopular among the bloc’s trading partners, countries are seeking exemptions to the carbon levy, as Brussels hints alternatives to pricing may be considered to dodge the tax The European Union
The world’s largest carbon market is set for a historic revamp. Europe’s shipowners are concerned
The EU is due to propose the biggest revamp of its Emissions Trading System since the policy launched in 2005. Already the world’s largest carbon trading program, the ETS is
France calls for global floor on carbon pricing
French Finance Minister Bruno Le Maire called on Friday at a meeting with his G20 counterparts for a global minimum price for carbon emissions in the absence of a single global price.
Here’s What’s in the New Climate Plans From the EU and China
The European Union (EU) and China announced sweeping plans this week to dramatically reduce greenhouse-gas emissions to slow the pace of climate change. Many scientists say the warming climate is creating more
Explainer: How will China’s new national carbon emissions trading scheme (ETS) work?
China expects trading to commence on its long awaited national carbon emissions trading scheme (ETS) this month, and sources aware of the plans expect a launch ceremony to be held on Friday.
G20 recognizes carbon pricing as climate change tool for first time
G20 finance leaders recognized carbon pricing as a potential tool to address climate change for the first time in an official communique on Saturday, taking a tentative step towards promoting the idea and coordinating carbon reduction policies.
3 essential steps towards ending fossil fuel subsidies
Fossil fuel subsidies persist despite the climate crisis. They distort the energy market by keeping fossil fuel prices artificially low. Removing these subsidies must be accompanied by social programmes that will reduce the impact on the poorest household.
Canadian taxpayers have spent at least $23B on pipeline subsidies and supports since 2018: report
As calls to end government subsidies of fossil fuels grow in intensity, a new report finds that Canadian governments have allocated billions of taxpayer dollars to building and expanding new pipelines in the past year alone.
EU pandemic recovery plans set to bailout fossil-fuel companies
Across Italy, France, Portugal and Spain, at least €8.3bn of EU recovery funds are planned to be spent on hydrogen and renewable gases thanks to lobbying from the fossil-fuel industry.
