Category: carbon emission trading

European Union Agrees to Impose World’s First Carbon Tariff on Imports

December 13, 2022
Business & MarketsC02 emissionscarbon emission tradingeconomic policieseconomyenergyEuropeeuropean union taxestaxes on carbon emissionsWorld
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The European Union (EU) struck a political deal on Tuesday morning that seeks to impose tariffs on carbon dioxide emissions made by manufacturers of imported goods that are deemed to be polluting, a first of its kind carbon tariff. The members of the European Parliament arrived at an agreement with the European Council on the…

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New Zealand Farmers Could Soon Pay Flatulent Tax for Livestock Under World-First Plan

October 12, 2022
agricultureAsia & PacificAustraliacarbon emission tradingemissions trading schemeInternationalJacinda ArdernNew ZealandWorld
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The New Zealand government has taken on the proposal by the farming sector for a separate pricing system on greenhouse emissions, which includes paying tax on the methane produced by livestock, most notably its cows and sheep. In June, the He Waka Eke Noa, a partnership between agriculture leaders and the government, proposed that farmers…

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China to Build International Carbon Emissions Trading Platforms Under Administrative Intervention

October 7, 2021
carbon emissioncarbon emission tradingChinaChina Business & EconomyChina's carbon emission policy
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After operating a national-level carbon emissions trading platform for two months, the Chinese Communist Party (CCP) is attempting to set up an international platform, targeting foreign investors, to underpin a trillion-dollar carbon emissions permit exchange in two southern economic zones—Guangdong-Hong Kong-Macau Greater Bay Area and Hainan Free Trade Zone. However, the national platform has failed to function effectively…

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