Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
China’s emissions trading scheme lacks bite
Overly generous allowance allocations and low prices blunt impact of world’s largest cap-and-trade scheme in its first 18 months
EU approves €1.1bn Danish CCS support scheme
State government offers 20-year CfD to support deployment of carbon capture as key decarbonisation tool
Brazil’s carbon markets to grow under Lula
Incoming president faces a series of decisions on legacy legislation that could provide impetus for domestic ETS and offset markets
EU reaches agreement on ETS revision
New scheme for transport and buildings paired with tighter cap in existing system
Coal use increases, but investment lags
High levels of demand are not translating into greenfield investments due to climate policies
RepowerEU financing agreed
Innovation Fund will supply €12bn, with €8bn coming from early auctions of ETS allowances
EU agrees carbon border tariffs
Carbon border adjustment mechanism will begin test period in 2023 and phase in slowly over course of the decade
EU reaches deal to include shipping in ETS
Provisional agreement is still subject to an overall deal on the ETS revision in late December.
EU must clarify CO₂ removal rules
Carbon removals proposal must prioritise emissions cuts and differentiate between short-term and long-term storage, according to NGOs
EU agrees to loss-and-damage fund
The bloc makes negotiating concession as it looks to tie loss-and-damage fund to mitigation
Countries outside the EU must pay a levy to import carbon-intensive products into the bloc
EU Carbon prices ETS China
Shi Weijun
10 November 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

EU CBAM will have ‘coercive effect’

Scheme will punish other trading blocs that do not have a carbon price of a similar level, industry seminar hears

Europe’s upcoming carbon border adjustment mechanism (CBAM) will incentivise the bloc’s trading partners, including China, to price carbon in the same way, delegates at an industry seminar heard in Shanghai heard in early November. Proposed last year as part of the EU’s ‘Fit for 55’ package to slash emissions, the CBAM seeks to impose carbon costs on imports of some high-carbon goods from outside Europe— including steel, cement, electricity and chemicals. The tariff aims to mitigate the risk of carbon leakage, when industries are drawn from areas with high carbon prices, such as those imposed by the EU’s emissions trading system (ETS), to those without. The CBAM has not been well-received in

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Carbon Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Core carbon principles could boost voluntary market
30 January 2023
Integrity Council for the Voluntary Carbon Market to launch finalised Core Carbon Principles for credit programmes and projects, the body’s chair tells Carbon Economist
CCUS expansion gaining momentum – IDTechex
30 January 2023
Capacity will reach 1.8gt/yr of CO₂ by 2043, according to modelling by research agency
Abu Dhabi steps on the emissions-reduction accelerator
27 January 2023
State-owned energy companies are intensifying efforts to decarbonise the emirate’s crude oil production and carve out a leading role in the nascent global hydrogen trade
Japanese heavyweights get behind CCS
26 January 2023
Nippon Steel and Mitsubishi among a slew of major Japanese companies launching CCS initiatives as government sets out long-term roadmap

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Carbon Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search