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…
European Union Agrees to Impose World’s First Carbon Tariff on Imports
December 13, 2022
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Business & MarketsC02 emissionscarbon emission tradingeconomic policieseconomyenergyEuropeeuropean union taxestaxes on carbon emissionsWorld
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New Zealand Farmers Could Soon Pay Flatulent Tax for Livestock Under World-First Plan
October 12, 2022
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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…
China to Build International Carbon Emissions Trading Platforms Under Administrative Intervention
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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