Resistance against European CBAM seems to be mounting, see https://www.cseindia.org/european-union-s-carbon-border-adjustment-mechanism-puts-a-disproportionate-burden-12287, at the same time at which the problems for UER verification currently discussed in Germany could have a major additional negative effect for CBAM.
www.cseindia.org
European Union’s Carbon Border Adjustment Mechanism puts a disproportionate burden of decarbonisation on developing countries:…
Thailand introducing a carbon tax: https://www.channelnewsasia.com/sustainability/thailand-carbon-tax-emissions-trading-scheme-asean-region-4507116
CNA
‘No brainer’: Thailand to become second in Southeast Asia to tax carbon emissions
In time, Thailand's strategy could give its industries a competitive edge while reducing greenhouse gas emissions, experts say. Singapore was the first in the region to introduce a carbon tax in 2019.
About the Chinese emissions policy: https://www.carbonbrief.org/analysis-chinas-co2-falls-1-in-q2-2024-in-first-quarterly-drop-since-covid-19/#:~:text=China's%20CO2%20emissions%20fell%20by,and%20oil%20consumption%20by%203%25.
Carbon Brief
Analysis: China’s CO2 falls 1% in Q2 2024 in first quarterly drop since Covid-19
China’s CO2 emissions fell by 1% in the second quarter of 2024 in the first quarterly fall since the country re-opened from its “zero-Covid” lockdowns
Signes that the energy efficieny policies the Biden administration has spearheaded is there to stay even if the republicans where to win a majority in congress: https://pv-magazine-usa.com/2024/08/08/republicans-request-continuation-of-ira-post-january/
pv magazine USA
Republicans request continuation of IRA post-January
Eighteen Republican members of the U.S. House of Representatives have urged House Speaker Mike Johnson to preserve the Inflation Reduction Act (IRA) if their party takes control of the political reins in January.
A seemingly at least close to official training on Art. 6 announced in Linkedin as follows: https://www.linkedin.com/feed/update/urn:li:activity:7227872685173678080/?commentUrn=urn%3Ali%3Acomment%3A(activity%3A7227872685173678080%2C7228028821050953730)&dashCommentUrn=urn%3Ali%3Afsd_comment%3A(7228028821050953730%2Curn%3Ali%3Aactivity%3A7227872685173678080)
Linkedin
Perumal Arumugam on LinkedIn: #article
The first training of the Article 6 of the Paris Agreement's Technical expert review is scheduled from 13 Aug, more than 80 experts nominated by their national…
An overview of the effect carbon policies have, with not surprisingly carbon pricing being seen as having results: https://grist.org/economics/climate-policy-emissions-study/
Grist
What climate policies work best? A new study has answers.
Out of 1,500 carbon-cutting policies in 41 countries, a small fraction had a big impact on lowering carbon dioxide emissions.
Denmark to introduce a carbon tax on agriculture: https://www.devex.com/news/devex-dish-lessons-from-denmark-s-carbon-tax-on-livestock-farming-107926#:~:text=Last%20month%2C%20its%20government%20announced,750%20Danish%20krone%20by%202035.
Devex
Devex Dish: Lessons from Denmark’s carbon tax on livestock farming
Denmark leads the charge with a world-first tax on agricultural greenhouse gases. Plus, Latin America leads on food warning labels, and preparing for the Nutrition for Growth Summit.
Further focus on finance: https://www.greenclimate.fund/news/gcf-unveils-new-organisational-structure-accelerate-climate-action
Green Climate Fund
GCF unveils new organisational structure to accelerate climate action
The Green Climate Fund (GCF) today unveiled the latest phase of its ambitious reform agenda to enhance efficiency and impact in supporting climate action. The Fund transitions today to a new
A perspective on CBAM from Canada with lots of information: https://www.nationalobserver.com/2024/09/11/opinion/carbon-tax-exporters-border-adjustment-eu
Canada's National Observer
If we axe the carbon tax, our exporters will pay it anyway
Canada will need its own plan to reduce emissions to avoid European Union tariffs — and our existing carbon pricing system already does that at the lowest possible cost.
Legal work continuing: https://www.unidroit.org/third-session-of-the-unidroit-working-group-on-the-legal-nature-of-verified-carbon-credits/
UNIDROIT
Third Session of the UNIDROIT Working Group on the Legal Nature of Verified Carbon Credits - UNIDROIT
From 4 to 6 September 2024, the third session of the Working Group on the Legal Nature of Verified Carbon Credits (VCCs) took place in a hybrid format at
A tool to calculate CBAM claiming that CBAM is surprisingly high: https://www.linkedin.com/feed/update/urn:li:activity:7230626492504772608/
Linkedin
Gabriel Rozenberg on LinkedIn: New rules mean your CBAM tax in 2026 could be *much* higher than you… | 13 comments
New rules mean your CBAM tax in 2026 could be *much* higher than you think.
Recent guidance from the European Commission has for the first time set out the… | 13 comments on LinkedIn
Recent guidance from the European Commission has for the first time set out the… | 13 comments on LinkedIn
A landmark transaction which hopefully will be followed by others: https://www.reuters.com/sustainability/firms-including-amazon-buy-180-million-carbon-credits-namesake-rainforest-2024-09-24/
Reuters
Firms including Amazon to buy $180 million in carbon credits from namesake rainforest
Amazon and other companies have agreed to buy carbon offset credits that will support the conservation of its namesake rainforest in the Brazilian state of Para, in a deal valued at around $180 million.
Excellent, thought provoking summary about the voluntary market and the status of Asian markets: https://www.linkedin.com/posts/climease_carbon-markets-update-in-the-asia-pacific-activity-7244956420192833536--LsF?utm_source=share&utm_medium=member_desktop. To take just one example, at Fn. 8 the price expectation of USD 25,-/tCO2 of course contrasts with the price in ETS1 and expected prices in ETS2 and the emission prices payed under the Fuel Quality Directive and indicates how the arbitrage, including under the various Art. 6 transactions, could look like.
Linkedin
ClimEase on LinkedIn: Carbon Markets update in the Asia Pacific
International Carbon Market Update: States and Trends in the Asia Pacific 🌏📊
The report by the Carbon Market Institute (CMI) presents a comprehensive…
The report by the Carbon Market Institute (CMI) presents a comprehensive…
About the reality of climate change in Africa: https://panafricanreview.com/carbon-colonialism-and-land-grabs-africa-must-eat-or-be-eaten/
Pan African Review
Carbon colonialism and land grabs: Africa must eat or be eaten
If Africa can’t contribute to putting food on the world’s table, someone will buy or seize its lands by force and do so. You can take that to the bank
A summary on how dangerous climate change has proven to be: https://academic.oup.com/bioscience/advance-article/doi/10.1093/biosci/biae087/7808595?login=false
OUP Academic
The 2024 state of the climate report: Perilous times on planet Earth
We are on the brink of an irreversible climate disaster. This is a global emergency beyond any doubt. Much of the very fabric of life on Earth is imperiled
Criticism about the manner climate finance is accounted for: https://www.oxfam.org/en/press-releases/41-billion-world-bank-climate-finance-unaccounted-oxfam-finds