German Emissions Trading Authority (DEHSt): reports, research and international activities (12)
Dear Readers,
The first half of 2024 is behind us and marks the implementation and further development of important climate protection measures in the EU and at a global level. Indeed, current developments show that consideration as well as actual introduction of carbon pricing mechanisms is gaining momentum in different parts of the world as they are recognised as an essential tool to support the transition to a low-carbon future. In this context, the German Emissions Trading Authority (DEHSt) at the German Environment Agency (UBA) has had the pleasure of holding several workshops with delegations from countries such as Indonesia, Ukraine and South Korea. These workshops focused on the preparation and further development of emissions trading systems as part of its role in promoting international capacity building. You can read more about these activities in this newsletter.
Focusing on Europe, the Carbon Border Adjustment Mechanism (CBAM) newly introduced by the EU can clearly be seen as a further incentive for governments of non-EU countries to put a price on carbon. In its overall function as a climate protection instrument, it complements the increasingly rigorous EU Emissions Trading System (EU ETS) by combining carbon leakage protection with effective carbon pricing. Needless to say, UBA – as the national authority responsible for CBAM – is in full swing with the national implementation. We would also like to draw your attention to a podcast “Carbon Market Conversations” by the International Carbon Action Partnership (ICAP) in which the UBA recently participated.
In this issue, we share a number of other publications and activities related to carbon pricing. We wish you an enjoyable read!
Yours faithfully,
Dr Jürgen Landgrebe
Head of the German Emissions Trading Authority at the German Environment Agency