U.K. Prime Minister Boris Johnson is considering using his G-7 presidency to try to forge an alliance on carbon border taxes, according to two people familiar with the matter.
As holder of the rotating G-7 presidency and host of global climate change talks in November, Johnson has said he wants to make cutting emissions a key priority for recovery efforts.
As part of that, he wants to expand carbon pricing at home. He also wants to get G-7 countries to discuss so-called carbon border adjustments — penalties on imported goods that are produced in countries with weaker climate laws, according to the people.
The U.K. is looking to the election of Joe Biden as U.S. President to inject fresh momentum into discussions, after the world’s second largest emitter was largely absent from climate talks for the last four years.
In contrast, Biden has made climate change a priority in his first weeks as U.S. President. He publicly supported a price on carbon while campaigning, though it hasn’t been part of his main climate blueprint since he took office. Treasury Secretary Janet Yellen also advocated for a price on carbon before taking office.
The U.K. wants to take a leadership role in tackling climate change this year, and has already set the most ambitious carbon cutting goals among developed nations. It has moved to start its own internal carbon market after leaving the European Union’s emissions trading system. But it remains concerned that this could damage competition at home.
Trevelyan said last week that the U.K. is also closely monitoring EU plans for a carbon border adjustment that will introduce a levy on emissions embedded into goods. The EU’s plans are due to be announced in June, around the same time that G-7 leaders plan to meet in the southwest of England.
The European Parliament’s environment committee is voting this week on a resolution urging the European Commission to put a price by 2023 on emissions from imported products, including cement and steel, and link the levy to the region’s emissions market.
An excerpt from https://www.bloomberg.com/news/articles/2021-02-04/u-k-s-boris-johnson-considers-g-7-bid-on-green-border-levies?utm_campaign=Carbon%20Brief%20Daily%20Briefing&utm_content=20210205&utm_medium=email&utm_source=Revue%20Daily
- 21.02.01 (Mon.)
- Carbon capture technology: Why we aren’t further along
- Uzbekistan joins global carbon neutrality race to 2050 – Nikkei Asia
- アジアの脱炭素化支援 経産省とADBが資金供給：日本経済新聞
- 21.02.02 (Tue.)
- UK North Sea oil rigs release as much CO2 as coal-fired power station – study | Environment | The Guardian
- EPA Races to Draft Interim Vehicle Standards for CO2 – Scientific American
- Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019 | TechCrunch
- Exxon Mobil to invest $3 billion in carbon capture and other projects to lower emissions. – The New York Times
- 脱炭素目指す中国、排出量取引制度の運用開始 写真1枚 国際ニュース：AFPBB News
- 4 ways the U.S. can reassert leadership on climate change | Bill Gates
- 21.02.03 (Wen.)
- Hedge Funds Betting on Carbon Markets Above $100 – Bloomberg
- EU mulls expanded carbon border
- Research finds link between CO2, big volcano eruptions
- ユニクロも脱炭素 再エネ導入、リサイクルに力：時事ドットコム
- 21.02.04 (Thu.)
- NASA Announces New Role of Senior Climate Advisor | NASA
- Steelmakers Adopt Joint Statement for Carbon Emissions Reduction – Businesskorea
- Reliance gets world’s first ‘carbon-neutral’ oil from US – Times of India
- Leaders from the Environment sector and Kresge grantee partners appointed to the Biden-Harris Administration – Kresge Foundation
- 21.02.05 (Fri.)
- Government considers carbon tax on meat and cheese – Farmers Weekly
- 低炭素技術での相互協力に期待、日・カナダ首脳が電話会談(日本、カナダ) | ビジネス短信 – ジェトロ
- 【独自】企業の脱炭素電力購入後押し…政府が新制度導入方針 : 経済 : ニュース : 読売新聞オンライン
- 21.02.06 (Sat.)
- Carbon levy on EU imports needed to raise global climate ambition | News | European Parliament
- Bitcoin (BTC) surge renews worries about its massive carbon footprint
- How steelmaking may go carbon-free—by dropping its addiction to coal – Bulletin of the Atomic Scientists
- Carbon-capture company Svante raises $75M to trap emissions at their source – GeekWire
- 首相、脱炭素促す税制改正に意欲 衆院予算委：日本経済新聞
- 英が国境炭素税での連携提案 G7サミットで、米報道：日本経済新聞
- 21.02.07 (Sun)
- Rystad Energy – 2nd Energy Transition report: CCS could tap 62% of world’s CO2 emissions; global geological storage at 11,500 Gt; only 49% of global emissions are priced