Tag: European Union
China’s Carbon Market Expands Into Heavy Industry As USA Regresses
China’s national carbon market has reached another expansion point, and the signal is larger than it first appears. The Ministry of Ecology and Environment has extended mandatory carbon reporting beyond the original heavy sectors to include petrochemicals, chemicals, flat glass, copper smelting, papermaking, and civil aviation. That move does not … [continued]
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America’s New Maritime Plan Is Competing for the Wrong Century
The new U.S. Maritime Action Plan, available from the White House Maritime Insights page, is serious policy work. It acknowledges that American commercial shipbuilding has withered to less than 1% of global output and that only a handful of domestic yards can build large oceangoing vessels. It recognizes workforce shortages, … [continued]
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Canada, California, & Europe: Three Ways to Force EV Adoption
Canada has just shifted its electric vehicle policy architecture. Instead of relying on an explicit EV sales mandate, the federal government has moved toward tightening fleet average emissions standards combined with credit trading and trade policy adjustments. On the surface, this looks like a procedural change. In practice, it changes … [continued]
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European Investment Bank Gives Green Light to €3bn for Clean Transition
European Investment Bank approves ETS2 Frontloading Facility The European Investment Bank (EIB) board has approved a €3bn Frontloading Facility which provides revenues to countries to spend on preparing citizens for higher fuel costs, once the EU’s carbon price on heating and fuel (ETS2) kicks in. A further €3bn could be … [continued]
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How Climate Economics Got the Risks Wrong
The publication of a new study by researchers associated with the University of Exeter and Carbon Tracker has reopened a debate that many policymakers and economists falsely assumed was settled. The study argues that widely used economic models underestimate the risks of climate change because they smooth impacts over time, … [continued]
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