EU's carbon border tariff to target steel, cement, power - draft


Kate Abnett, Reuters

via Nasdaq - Jun 3, 2021


(Reuters) - The European Union plans to impose carbon emission costs on imports of goods including steel, cement and electricity, according to a draft document seen by Reuters.


The European Commission is due to propose its carbon border tariff policy on July 14, a move designed to put EU firms on an equal footing with competitors in countries with weaker carbon policies than those of the 27-nation bloc.


The border levy would be applied in full from 2026, with a potential "transitional period" starting from 2023, according to a draft of the proposal, first reported by Bloomberg News late on Wednesday. The draft is subject to change before publication.


It would apply to iron and steel, cement, fertilisers, and electricity. Importers would be required to buy digital certificates, with each one representing a tonne of carbon dioxide emissions embedded in their imported goods.


The price of the certificates will be linked to the cost of permits in the EU carbon market...





New cash flow possible for ag with carbon sequestering


Andrea Johnson, Farm & Ranch Guide

via AgUpdate - Jun 5, 2021


Big picture macroeconomics suggests that to feed a growing human population more sustainably, global food production will need to change, said Berry Marttin, Rabobank managing board executive member.


Reducing greenhouse gas emissions is a significant component of this, he added, speaking to Jim Sutter, U.S. Soybean Export Council (USSEC) CEO during a recent online broadcast titled, “The U.S. Soy Suite.”


The Soy Suite is a platform for global food leaders to discuss trends and perspectives. It is sponsored by the soybean checkoff and other soybean organizations.


An international banker, Marttin was asked for his prediction for emerging food production trends. Marttin grew up in Brazil before his family immigrated to the Netherlands. After living in many parts of the world, he returned to the Netherlands to live and work for Rabobank.


During the Soy Suite conversation, Marttin explained that the 2015 Paris Climate Agreement determined food production counts for one-fourth to one-third of global greenhouse emissions. The Paris Agreement aims to limit the global temperature rise to 1.5 degrees C (2.7 F) above pre-industrial levels.


Half of food production emissions occur because natural habitat is destroyed, he said...