” The article goes on to explain the complexity of the situation and the need for Europe to develop its own processing capabilities if it is to benefit from the find. AMERICAS Carbon tax – A coalition of US businesses, environmental and labour groups has launched a campaign to pass a federal carbon tax, saying it is the best and most efficient way to reduce emissions and drive the US economy into a climate-friendly future. The Climate Leadership Council (CLC) on Wednesday released its “Baker-Shultz Carbon Dividends Plan”, which calls for a gradually increasing carbon tax, starting at $40 per tonne of CO2, that would be returned to households as a dividend. The plan would also repeal the Obama-era Clean Power Plan and other regulations, and it includes a border carbon adjustment to protect US industry from global competitors that do not have a similar carbon pricing system. The CLC said the plan could cut US emissions by up to 40% by 2035, while adding 2.1 million jobs and increasing GDP by $1.4 trillion over the same period. ASIA PACIFIC China emissions – China’s emissions are set to stay flat through 2023, according to a new report from the Rhodium Group. The research firm said that on current policies and trends, China’s emissions will remain flat over the next two years, before returning to a growth trajectory in 2024. The report said that China’s emissions could peak even earlier if the government pursues additional policies to reduce emissions, such as tougher vehicle emissions standards, or if the economy recovers faster than expected. The report also said that China’s emissions could remain flat until 2026 if the economy recovers more slowly than expected and additional policies are not implemented. Carbon Pulse has teamed up with CME Group to provide its clients with regular updates on the global carbon markets. CP Daily is a free newsletter published by Carbon Pulse, providing a daily summary of news and bite-sized updates from around the world on the carbon markets, climate change policies, and low-carbon technologies. It covers a range of topics from international and national climate policies, to carbon markets, to the development of carbon-removal technologies. The newsletter includes a summary of the top story of the day, followed by international, EMEA, Americas, Asia-Pacific, and Biodiversity news, as well as Voluntary, Comment, and Bite-Sized updates from around the world. It also includes a section on Premium Job Listings and a section on CME Group’s Carbon Market Updates. CP Daily is a great resource for staying up to date on the latest news and developments in the carbon markets, climate change policies, and low-carbon technologies. It provides a comprehensive overview of the most pressing topics and issues, helping readers to stay informed and make informed decisions.
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ICE is preparing to introduce a futures market for carbon credits under CORSIA, which will focus on reducing airline emissions.
Intercontinental Exchange (ICE) announced plans to launch a physically delivered futures contract for carbon credits eligible for use by the...
