October 3, 2023
Receive free International Monetary Fund updates We’ll send you a myFT Daily Digest email rounding up the latest International Monetary Fund news every morning. The fiscal cost in effect of tackling climate change could put public debt in large carbon-emitting countries on an “unsustainable” path without a tax on pollution, the IMF has warned. In
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Receive free World updates We’ll send you a myFT Daily Digest email rounding up the latest World news every morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning Good morning. Prime Minister Rishi
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Receive free Climate change updates We’ll send you a myFT Daily Digest email rounding up the latest Climate change news every morning. The author is EU commissioner for the economy Another summer of catastrophic fires and floods has provided further grim evidence of the worsening climate collapse our world is facing. Policymakers around the globe
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Receive free Carbon tax updates We’ll send you a myFT Daily Digest email rounding up the latest Carbon tax news every morning. Businesses are bracing themselves for the impact of the world’s first carbon border tax, which will impose red tape that will cost millions for those importing into the EU as protectionist trade measures
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Advertisement October 1 marks the beginning of phase one of the European Union’s landmark Carbon Border Adjustment Mechanism (CBAM). Reactions are mixed: for some, it’s an exciting world first that will account for the “real cost” of carbon emissions; for others, it’s a classic case of developed economies dumping their climate responsibilities onto the developing
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JAKARTA: Indonesia launched its first carbon exchange on Tuesday, giving companies a chance to offset their emissions as Jakarta pledges to reach carbon neutrality in its power sector by 2050. The country is one of the world’s biggest polluters and there has been scant progress on a multi-billion-dollar investment plan agreed with the United States
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JAKARTA: Indonesia is inviting businesses to invest in carbon storage technology as part of an effort to reduce emissions in the Southeast Asia region, Indonesian Coordinating Minister of Maritime Affairs and Investment Luhut Binsar Pandjaitan said on Monday. The minister said that Indonesia has great potential to permanently store up to 400 gigatons of carbon
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Apple has endorsed a California Senate bill that would require large companies to report the levels of greenhouse gases they emit every year, the senator proposing the measure said, making it the latest major company to do so. “Throughout our environmental journey, we’ve emphasized the importance of measurement and reporting to help us understand our
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Apple has endorsed a California Senate bill that would require large companies to report the levels of greenhouse gases they emit every year, the senator proposing the measure said, making it the latest major company to do so. “Throughout our environmental journey, we’ve emphasized the importance of measurement and reporting to help us understand our
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The Africa Climate Summit hosted in Kenya focused on how the world can manipulate the weather through taxation. In no way due to geography or distance to the equator, African leaders honed in on how Africa faces numerous climate-related challenges such as desertification, drought, rising temperatures, and cyclones. “To achieve the necessary emissions reduction targets
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