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Carbon border tax exemptions to become law
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
EU ETS prices rally on cold weather and high gas prices
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
China eyes expansion of emissions trading system
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
Carbon shipping vital for EU CCS value chain
Maritime technology will help industry scale and enable the development of CCS projects in Southern Europe
Parliamentary elections could hinder EU climate ambition
Centrist bloc remains in power, but the EPP and EU Council have signalled a move away from climate issues
China ETS carbon prices rally to record highs
Allowance prices rise 34% since start of year as regulator imposes tighter limits and considers reduction of free allocations
No rapid buildout seen for CCS in China
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
Letter on carbon: Free movement
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
China keeps a tight rein on voluntary credits
Government keen to avoid oversupply issues that dogged previous iteration of voluntary carbon market
EU agrees on new carbon removals laws
Operators will be liable for leaks back into the atmosphere under rules designed to give clarity to industry
EVs China EU
Tom Young
29 April 2021
Follow @PetroleumEcon
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EV sales unaffected by pandemic – IEA

Sales in the sector are growing fast thanks to strong consumer demand and policy support from governments

Electric vehicles (EVs) will displace 3.4mn bl/d of oil by 2030 under the IEA sustainable development scenario, adding 850TWh to annual electricity demand. The global EV fleet consumed just over 80TWh in 2020, according to the IEA’s Global EV outlook, released today. The report found that sales in the sector are growing fast and were largely unaffected by the Covid-19 pandemic last year— unlike sales of petrol and diesel vehicles. “EVs have show remarkable success” Gul, IEA “EVs have shown some remarkable success,” says Timur Gul, head of energy technology policy at the IEA, speaking at the launch of the report. “There is one reason — government policy.” China and Europe Around 3mn E

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CCS becoming part of Africa’s development path, part 1
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Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy

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