Media Coverage

Media Coverage

World Trade Online
| UK-U.S. business representative: Section 232 talks could propel new trade agenda

Negotiations to resolve the steel and aluminum tariffs, meanwhile, “could last months,” according to Alexander Bobroske, UK-based trade associate at the consulting firm Global Counsel. Bobroske told Inside U.S. Trade in an email on Monday that the negotiations likely “will continue to be quietly be tied to progress on UK-EU talks on the Northern Ireland protocol.”

The Financial Times reported in December that the U.S.-UK talks had been delayed because of UK threats to rewrite its obligations in the Good Friday Agreement, an assertion a British official called a “false narrative.”

“We may see the Department of Commerce take the lead on negotiating the exact tariff rate quotas that are expected to be part of a deal while the speed of negotiations may be dictated by the White House and, perhaps, USTR,” Bobroske said. He said a deal -- if reached -- likely would “mirror” the U.S.’ deal last year with the EU to resolve a parallel dispute, which involved TRQs for steel and aluminum.

Geopolitical tensions involving Russia and Ukraine also could impact the course of negotiations, Bobroske wrote.

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The Straits Times
| Singapore studying option for emitters to buy international offsets

Marissa Lee, a senior associate at consultancy Global Counsel, which advises firms on climate and sustainability policy, said doing so forces organisations and consumers to consider the cost of pollution and environmental harm in their decision-making.

"As for how effective a carbon tax will be in changing behaviours, that depends on how the carbon price is set," she added.

"If the carbon price is set too low, businesses will not be motivated to improve their energy efficiency or invest in changes that would hit their immediate bottom line."

Global Counsel's Ms Lee said the Article 6 rules clearly demonstrate that parties to the Paris Agreement are concerned about how to avoid double-counting emissions reductions. "This sets an expectation for standard-setting bodies to clarify which credits have been issued with a corresponding adjustment and which have not in the voluntary carbon markets," she added.

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The Straits Times
| Why the outcomes of the Glasgow climate talks are key for Singapore

Ms Elizabeth Beall, climate and sustainability practice lead at advisory firm Global Counsel, said that prior to the COP26 outcome, there had been no clarity on the rules around carbon trading to meet countries' commitments.

"That meant that countries - and the business and investors operating within their jurisdictions - haven't had enough certainty to start fully investing in this area," she said.
 

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Politico
| City presses for more concessions in UK regulatory reform

"The silence on a strengthened accountability regime is likely to be seen by industry as an omission," said Rebecca Park, senior practice lead for financial services at the consultancy Global Counsel. "With limited appetite from firms to bring forward judicial review, this remains an issue that still needs to be addressed."

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