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On June 5, CEF released a report arguing that carbon pricing is the most cost-effective tool for decarbonizing the global economy. Implementing CBAM targeting key industrial commodities—such as steel, cement, and aluminum—would restore carbon markets, support global emissions reductions, mitigate climate risks, and redirect capital away from fossil fuels and toward clean energy and green industrial products. The report found that carbon pricing mechanisms are becoming increasingly common in the Asia-Pacific region, with 17 national or subnational systems currently in operation, including China’s Emissions Trading System (ETS). Read more

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As the European Union (EU)’s Carbon Border Adjustment Mechanism (CBAM) comes into effect amid the global tariff wars, a new report is calling for Asia to enact its own carbon border levy to ease the public cost of decarbonising the region’s heavy industries. Read more

Independent think tank Clean Energy Finance (CEF) has called on the Australian government to lead the charge towards a cross-border carbon pricing framework across the Asia-Pacific region, after Energy Minister Chris Bowen signalled an openness to carbon tariffs. Read more

Despite the raging global trade war, Climate Energy Finance (CEF) is calling for carbon tariffs on some imports and for Australia to lead the way for a regional Asian carbon border adjustment mechanism (CBAM). CEF argues in its new report A price on carbon: Building towards an Asian carbon border adjustment mechanism that carbon border tariffs in international trade are urgently needed to put a price on the carbon emissions embedded in the production of industrial commodities such as iron and steel, aluminium and cement, which make up 15% of global emissions. Read more

A pan-Asia Pacific carbon border adjustment mechanism (CBAM) taking in the wealthiest industrial nations covering steel, cement, and aluminium is the best and cheapest way to reduce emissions from these hard-to-abate sectors while preserving margins and industries, an Australian think tank argued in a report Thursday. Read more

Tim Buckley, Director of Climate Energy Finance, discussed the growing momentum around carbon pricing in Australia and the need for […] Read more

In a significant development this week, newly re-elected Federal Energy Minister Chris Bowen flagged that Australia is considering imposing a carbon border adjustment mechanism (CBAM) – a carbon tariff. He suggested that they could be introduced this term on imports such as cement, lime and steel, building on the Carbon Leakage Review the government commissioned from ANU expert Professor Frank Jotzo. This is a good start. We hope it signals that the Albanese government intends to use the thumping mandate it just won from the electorate to scale its green superpower agenda. Read more

In Canberra Times and syndicated across 100+ mastheads, The case for Asian carbon border tariffs has been made by think tank Climate Energy Finance days after the federal energy minister signalled openness to charges at the border on emissions-heavy steel and cement. Carbon border adjustment mechanisms, known as CBAMs, can level the playing field for heavy industries subject to domestic carbon pricing. Read more

A report by independent think tank Climate Energy Finance (CEF) argues for a carbon border adjustment mechanism (CBAM) applied by key trading partners to help correct the historic market failure to price carbon that has led to the climate crisis. Read more

As Energy Minister Bowen flags a carbon tariff on some imports, Australia well placed to lead development of a path towards a regional Asian Carbon Border Adjustment Mechanism Read more

Australia is well placed to lead development of a path towards a regional Asian Carbon Border Adjustment Mechanism involving China, Australia, Japan, Singapore and South Korea, as it bids to host COP31. China, as the world leader in decarbonisation and in steel, aluminum and cement, is key. Read more