The EU’s CBAM will negate some of the benefits of a separate UK ETS and increase the complexity of trade. Harmonised systems, in contrast, would create a more effective CBAM-protected bloc and prevent carbon price competition. However, the UK ETS is Brexit’s child, and Brexit was never about cooperative action in the face of climate change...
Climate negotiators at COP28 may bolster carbon trading when they decide on rules for a new United Nations-overseen emissions market that can lower the cost of fighting global warming.
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
