ETS poses a “conundrum” to southern EU ports competing with North Africa, shippers council says
The European Shippers Council has hit back at an NGO’s claim that shipping companies are profiting from the ETS, countering that companies operating in southern EU countries will struggle to meet compliance obligations.
Read MoreMaersk still profiting from ETS surcharges, NGO says in response to company’s pushback
The NGO Transport & Environment is standing firm on claims that AP Moller-Maersk is charging customers more than the actual cost of complying with the EU ETS, after updating its analysis in response to pushback from the Danish major.
Read MoreEU carbon pricing policies could transform, bifurcate global LNG trade -consultancy
The global LNG market is at risk of major transformation and possible bifurcation if the EU extends its carbon pricing policies to include imports of the fuel, according to a major global consultancy.
Read MoreMomentum builds for shipping carbon levy as IMO meeting draws to a close
Momentum to introduce a carbon tax on shipping is building after delegates at a UN convention officially endorsed a framework on Friday to move forward with climate measures including the introduction of a levy on emissions.
Read MoreLEAK: Global carbon price for shipping still on the table at IMO meeting
The UN’s international shipping body has drawn up a legal framework for decarbonisation measures that includes a carbon pricing mechanism, according to a draft text seen by Carbon Pulse on Thursday, despite fears by some delegates that this option could still be removed.
Read MoreTransport to make ‘almost half’ of Europe’s emissions in 2030 -report
Transport alone is set to make up nearly half of Europe’s total greenhouse gas (GHG) emissions in 2030, according to fresh data published on Wednesday.
Read MorePREVIEW: China pushes to exclude carbon levy from efforts to reduce shipping emissions
A proposal by China that snubs a carbon pricing mechanism to reduce emissions from the shipping sector in favour of a marine fuel standard is emerging as one of the frontrunner options to be discussed at a key UN meeting next week.
Read MoreRe-routing to avoid Red Sea threat could triple ETS emissions costs for EU-bound ships
Ongoing attacks by Houthi rebels on ships navigating the Red Sea have forced many Europe-bound vessels to divert their routes, which could as much as triple their emissions liabilities under the EU ETS, according to an ESG data provider.
Read MoreICE to launch “mini-EUA” contract to attract wider participation, including from smaller investors
ICE Endex is to launch a new “mini” EU Allowance futures contract in an effort to capture demand from shippers and smaller emitters in the ETS, and possibly even retail investors keen to gain exposure to the carbon market as supply tightens significantly towards 2030.
Read MoreCF ASIA: Global shippers frustrated at hold up in opening EUA accounts to plan for EU ETS costs
International shippers have become exasperated they have only recently been able to open up accounts in order to start purchasing EUAs to meet their compliance obligations under the EU ETS, panellists at Carbon Forward Asia said Thursday, as the sector explores its options to decarbonise.
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