Welcome to the fourteenth edition of P2N0 covering the drive to reduce greenhouse gas (GHG) emissions to net-zero (NZE). P2N0 identifies significant news items globally, reporting on them in short form, focusing on policy...more
On April 3, 2024, the Alberta Government released additional details on the Alberta Carbon Capture Incentive Program (ACCIP), which will support and accelerate the development of new carbon capture, utilization and storage...more
Goods imported into the UK from countries with a lower or no carbon price will face a levy by 2027. On 18 December 2023, the UK government announced a proposal for a new carbon border adjustment mechanism (UK CBAM)....more
Part I of this three-part methane update discussed the state of substantive methane regulation in the United States and touched on the Inflation Reduction Act’s (“IRA” or “the Act”) addition of Section 136 to the Clean Air...more
The European Parliament and Council of the European Union have reached an agreement on the text of the EU Carbon Border Adjustment Mechanism regulation and the directive providing an updated EU Emissions Trading System....more
The EU "Fit for 55" package, if adopted, will significantly reshape environmental regulation in Europe, with impact beyond the EU's borders. In this alert, we focus on developments in two of the most impactful files, the...more
There are two important legislative developments in Indonesia as the country attempts to meet its obligations under the Paris Agreement. Indonesia’s House of Representatives (Dewan Perwakilan Rakyat or DPR) has passed an...more
The EU CBAM proposal signals a transformation of the European carbon pricing regulations. U.S. businesses with significant European operations, or with operations in emissions-intensive, trade-exposed industry sectors, should...more
As a consequence of Brexit, the United Kingdom also left the European Union Emissions Trading System (EU ETS). The U.K.’s replacement cap and trade program, the U.K. Emissions Trading Scheme (U.K. ETS), went live on Wednesday...more
This is a continuation of a five part series reviewing False Alarm: How Climate Panic Costs us Trillions, Hurts the Poor, and Fails to Fix the Planet by Bjorn Lomborg. ...more
As part of his comprehensive climate change agenda, President Biden convened a task force to assess the social cost of greenhouse gases. At the end of February, the task force published an interim report estimating the “cost”...more
En cette période de pandémie mondiale, si les questions de santé monopolisent une grande partie de notre attention, les changements climatiques n’en demeurent pas moins à l’avant-plan des enjeux avec lesquels les...more
While our attention is primarily on health issues during this global pandemic, climate change remains at the forefront of issues being addressed by governments, courts and businesses. This bulletin summarizes some of the...more
The Carbon Leadership Council, everyone’s favorite group of former grand poohbahs, is still working at building support for its “carbon dividends” plan. Hope springs eternal. And I don’t mean to make light of the CLC’s...more
With its decision on June 28, 2019, the Ontario Court of Appeal became the second appellate court to conclude that Canada's federal carbon tax regime complies with the Constitution. The Saskatchewan Court of Appeal released a...more
The contentious and partisan debate in Washington over climate change policy may be shifting in a new direction—one that is driven not by partisanship but by a group of bipartisan members of Congress and the engagement and...more
Carbon tax proposals are proliferating, both nationally and in New England. Last year, carbon tax bills were introduced in all New England states, New York, and several other states. While some of those proposals have faded...more
Last year saw significant efforts to either impose a price on carbon or reform existing programs, and in some cases roll those programs back. The Paris Agreement advanced a critical step, but without settling on rules for...more
From the state of Washington to the streets of Paris, proposed taxes on carbon have been making headlines. Why a carbon tax, and what are the arguments for and against it?...more
Reasons for the implementation of a carbon tax in South Africa - Carbon tax seeks to give effect to the polluter pays principle by ensuring that the real cost of greenhouse gas (GHG) emissions to the environment and...more
Carbon tax seeks to give effect to the polluter pays principle by ensuring that the real cost of greenhouse gas (GHG) emissions to the environment and society are explicitly incorporated into the prices of carbon intensive...more
Massachusetts could be the first state in the U.S. to enact an economy-wide carbon tax. In January 2017, two bills were proposed in the Massachusetts legislature that would establish a tax on fossil fuels in Massachusetts...more
Earlier this week, the Climate Leadership Council rolled out The Conservative Case for Carbon Dividends (note the absence of the “T” word in that title!). It’s a serious proposal and, if we lived in a world of facts, rather...more
In 2015, the Washington Legislature failed to act on Governor Jay Inslee’s cap-and-trade proposal to limit the greenhouse gas emissions that cause climate change. Since then, all branches of Washington State government, as...more
Congress asked the National Research Council, National Academy of Science, the National Academy of Engineering and the Institute of Medicine to study the effect of U.S. tax policy on carbon and other greenhouse gas emissions....more