Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • CCUS
  • Cap & Trade Markets
  • Voluntary Markets & Offsets
  • Corporate & Finance
  • Net Zero Strategies
Search
Related Articles
ExxonMobil signs CCS deal with steelmaker Nucor
Oil major sees CCS for third parties as a ‘compelling’ business as latest contract takes total portfolio to 5mn t/yr
Realistic hope should be the legacy of Cop28
The appointment of the UAE’s Sultan Ahmed al-Jaber as Cop president has drawn criticism from some quarters, but progress on the energy transition will require cooperation, not conflict
Harnessing the VCM to retire orphaned oil and gas wells
The American Carbon Registry launches methodology for tradeable offsets generated from plugging abandoned wells in the US
China bides its time on ETS extension
Government may not broaden scope of world’s largest cap-and-trade scheme until 2024 or later
Governments aim to unleash cross-border CO₂ trade
Growth of carbon removal and capture sectors creates need for functioning international market linking emitters and storage providers
Corporations commit more than $1bn towards carbon removals
JP Morgan, Autodesk, Workday and H&M commit to purchasing combined $100mn of carbon removals via the Frontier initiative by 2030
More CCUS projects reach FID as confidence grows
Policy incentives and rising carbon prices embolden developers as hub model gains traction, IEA says
Voluntary carbon markets’ growth challenges
Conference participants voice concerns over public perception and difficulties integrating carbon instruments into broad investment portfolios
Traders expect more carbon border taxes
EU’s Cbam model likely to be replicated as national emission reduction schemes move at different speeds, global trading companies say
BP and CNPC explore Hainan CCUS project
European oil major agrees to work with CNPC as Chinese state company seeks international partnerships to grow deployment of CCUS
CBAM will affect China-EU trade
EU Markets Trading
Shi Weijun
Shanghai
15 March 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

China weighs response to EU carbon border tax

CBAM expected to have significant long-term impact on trade with EU, warns speaker at country’s annual parliamentary session

Plans by the EU to impose a carbon tax on imports under its Carbon Border Adjustment Mechanism (CBAM) will have a significant long-term impact on China’s exports to the bloc and could trigger a recalibration of carbon-pricing structures in Asia-Pacific, analysts say. The CBAM will put a carbon tax on incoming goods to the EU at the border, replacing a system where free allowances were issued to carbon-intensive industries. The free allowances system will be phased out on a sliding scale as the CBAM is phased in, starting in 2026 and with a complete phase-out by 2034. “The impact on China-EU trade cannot be ignored. China should be prepared for a rainy day” Jun, National Academy of Deve

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
High costs threaten DAC potential – BCG
9 June 2023
Paradigm shift by governments and other stakeholders needed to bring down costs and unlock investment in key carbon removal technology, says Boston Consulting Group
Germany launches carbon CfD scheme
6 June 2023
Government expects to budget more than €10bn for subsidy programme in response to US IRA
ExxonMobil signs CCS deal with steelmaker Nucor
2 June 2023
Oil major sees CCS for third parties as a ‘compelling’ business as latest contract takes total portfolio to 5mn t/yr
Realistic hope should be the legacy of Cop28
Opinion
1 June 2023
The appointment of the UAE’s Sultan Ahmed al-Jaber as Cop president has drawn criticism from some quarters, but progress on the energy transition will require cooperation, not conflict

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