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A Mismatch Between Italy’s Carbon Pricing Regulations and the EU’s Emissions Trading System
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A Mismatch Between Italy’s Carbon Pricing Regulations and the EU’s Emissions Trading System

In the European Union (EU), the Emission Trading System (ETS) sets out the policy architecture to introduce carbon pricing. ETS was introduced in 2003 with Directive 2003/87/EC, which was significantly reformed in 2008 when long-term climate targets for the first half of the century were presented in 2011. After the Paris agreement, the Directive was...

Indonesia Focuses on Mechanisms that Support Sustainable Land Use and Forestation Projects
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Indonesia Focuses on Mechanisms that Support Sustainable Land Use and Forestation Projects

Indonesia does not have a carbon tax, has not put a price on carbon, nor has an emission trading system. However, there are several sources that finance projects to reduce emissions, especially from land use, land use change, and forestry (LULUCF). In October 2019, the most recent financing mechanism was announced. The Environmental Fund Agency,...

China Seeking to Set Carbon Price Through its Emissions Trading System (ETS)
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China Seeking to Set Carbon Price Through its Emissions Trading System (ETS)

China is seeking to set a carbon price through its Emissions Trading System (ETS). A specific carbon tax for industry is currently not considered in order to ease the burden on smaller businesses and avoid jeopardizing China’s economic development. An “Environmental Protection Tax” was officially introduced on January 1, 2018, however, the tax is levied...

Canada’s Carbon Pricing Strategy Moving Ahead
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Canada’s Carbon Pricing Strategy Moving Ahead

The national Greenhouse Gas Pollution Pricing Act (GGPPA) adopted June 21, 2018 as Canada’s carbon pricing system, establishes a greenhouse gas emissions (GGE) pricing standard as a core element of Canada’s strategy to meet its Paris Agreement targets. As of January 2019, for any provinces and territories without a carbon tax, cap-and trade system or...

Brazil Launches New Private and Public Policy Carbon Pricing Initiatives
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Brazil Launches New Private and Public Policy Carbon Pricing Initiatives

Carbon pricing – a key tool to combat climate change – is gaining momentum all around the world, including in emerging markets such as Brazil. Since 2013, there has been rapid growth in Brazilian corporate adoption and support for carbon pricing as a mechanism to prepare for a climate-constrained future. Leading companies (including Itaú Unibanco,...

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