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The Latest Breaking News from CBAM

Government under pressure to set up green levy on UK imports

Overseas firms sending key goods to UK would have to show they were paying for emissions or face CBAM

The Guardian - UK

Understanding the EU’s carbon border tax

The EU contended, while providing context for the CBAM, that it intends to achieve the target of a 55% reduction in greenhouse gas (GHG) emissions by 2030, compared to 1990 levels, under the European Green Deal.

The Hindu

UK Implements New Carbon Pricing Mechanism to Equalise Imports and Local Production

This initiative aims to ensure that imports of iron, steel, aluminium, ceramics, and cement from overseas face a comparable carbon price to goods produced within the UK, according to a government release.

International Business Times UK

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Promoting Free Market Solutions to Climate Change at COP28

How to declare a ceasefire in the carbon tariff wars.

Reason

India will address EU's carbon tax issue; will retaliate if required: Goyal

India to address EU's carbon tax plan; Goyal says "retaliate if needed". India will find solutions to CBAM & convert it to its advantage. Goyal urges industry to promote electric vehicle mission & replace old vehicles with EVs. India's forex reserves enough for 5-6 years. Goyal says India can aspire…

The Hindu

UN slams COP28 'posturing' as negotiators spar over ending fossil fuels

Countries at the COP28 climate talks need to stop posturing, aim high and agree on a way to end the "fossil fuel era as we know it", UN climate chief Simon Stiell said on Wednesday, as tension over the future of coal, oil and gas came to the fore.

France 24

International trade has a carbon problem

Environmental protection should not become a smokescreen for trade protectionism

The Hindu

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European Union official seeks to allay India’s concerns on ‘carbon tax’

“It is too early to make assumptions on levies and costs for Indian businesses.”

The Hindu

The high cost of carbon pricing can't be ignored

Carbon pricing is all the rage these days, at least in the developed world. But while global leaders and experts -- most of them from rich countries -- increasingly embrace the idea of putting the "right price" on carbon, the concept remains vague and ill-defined. Worse, its growing acceptance and…

Bangkok Post

FTI: Emphasise climate-linked areas

Despite the country's dependence on tourism to boost its revenue, Thailand needs to further drive its economy through electric vehicles (EVs) and bio-, circular and green (BCG) economic development amid a rapidly changing world, says the Federation of Thai Industries (FTI).

Bangkok Post

Exporters fear costs of EU carbon scheme

Asian exports could potentially face a higher cost burden as the EU is preparing to launch a new regulation pertaining to imported carbon-intensive commodities later this year, experts say.

Bangkok Post

Climate change bonanza

Global campaigns to cut carbon dioxide emissions not only alert businesses to new non-tariff barriers imposed as part of efforts to fight global warming, they can also lead to new opportunities in the clean energy sector.

Bangkok Post

As US-EU trade tensions rise, conflicting carbon tariffs could undermine climate efforts

Rising trade tensions between the U.S. and the European Union, two of the most important global leaders when it comes to climate policy, could undermine key climate initiatives of both governments and make it harder for the world to put the brakes on climate change.

The Conversation

Is Europe's new carbon border tax fair for everyone?

The European Union’s carbon market has shown remarkable success in encouraging industries to green their production processes. Known as the Emissions Trading Scheme (ETS), it has helped reduce the EU’s greenhouse gas (GHG) emissions by more than 40% in covered sectors.

The Conversation

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Bangkok Post

EU carbon tax hurts poorer states

In July 2021, the European Commission did something that no other major governing body had ever attempted: It tied trade policy to climate policy. Reaching the European Union's goal of cutting net greenhouse-gas emissions by 55% by 2030 will require the EU to reduce emissions both at home and beyond…

Football London

Chelsea sale: Who are Clearlake Capital? The major member of Todd Boehly's consortium

Chelsea's new owners could be in place by the end of May after Raine Group selected their preferred bidder and an agreement was made

People

Kriengkrai Thiennukul

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