News
Carbon Pricing
June 08, 2022
Austria mulls deferring carbon tax as inflation concerns grip market
Due to rising energy prices and public criticism, the Austrian government is considering delaying the implementation of carbon tax until October, reported Euractiv.
May 24, 2022IMO moves closer to putting carbon levy on shipping sector
Member states of the International Maritime Organization (IMO) have agreed on the need to impose a carbon price on shipping emissions. The countries reached a consensus at the Intersessional Working Group meeting last week, marking a “significant breakthr
May 16, 2022US lawmakers mull import fee for carbon-intensive products
The two parties of the US Congress are currently discussing a potential bipartisan energy and climate bill, including the possibility of imposing a levy on carbon-intensive products entering the country, according to local media.
April 22, 2022Denmark proposes standard carbon tax for businesses
The government of Denmark unveiled on Wednesday a standard carbon tax for businesses as a method to meet the country’s climate goal.
April 14, 2022ACCUs contract volume plummets despite highest ever offered price
Australia’s Clean Energy Regulator announced on Tuesday that a total of 7.6 million tonnes of Australian Carbon Credit Units (ACCUs) has been traded through contracts in the auction held in April, with a potential value of 131 million Australian dollars (
April 06, 2022Indonesia defers carbon tax rollout amid inflation concerns
The Indonesian government has decided to postpone the implementation of its carbon tax from April to July due to global economic upheaval and continued disruptions in the energy industry, a government official said over the weekend.
March 22, 2022SEC’s draft carbon disclosure rules for companies with Scope 3 in dispute
The Securities and Exchange Commission (SEC) of the United States has released on Monday its long-awaited draft rule. If the rules are approved by the regulators, companies would be required to disclose their direct and indirect greenhouse gas emissions,
March 16, 2022US carbon markets remain robust while EU allowances prices fluctuate
European Union carbon allowances prices fluctuated during the last three weeks due to rising energy prices and political instability. U.S. carbon credits markets, on the other hand, have not yet been affected by the turbulence.
February 22, 2022A $174 carbon price is needed for global shipping bunker fuels: experts
As the maritime sector has vowed to halve global shipping's greenhouse gas emissions by 2050 and might even raise the target to a net zero emission goal next year, several experts suggest that a carbon pricing scheme should be implemented for bunker fuels
February 21, 2022Singapore announces 500% rise in carbon tax from 2024
Singapore will raise its carbon tax by 500% to SG$25 per tonne in 2024, said Lawrence Wong, the city-state’s finance minister, as the government strives to achieve its net zero goal by 2050.