Insufficient shipping carbon levy could lead to unmanageable regional regulatory differences, says industry
Shipping industry stakeholders have warned that a global carbon levy lacking in sufficient ambition could lead to a bureaucratic nightmare with patchworks of regional and national regulations emerging in response, as national representatives continue discussions in the UK this week to outline international climate plans for the sector.
Read MoreUN leader urges high ambition in setting global shipping GHG targets at decisive IMO meeting
UN Secretary General Antonio Guterres on Monday urged the global shipping sector and world leaders to keep levels of ambition high at a key UN shipping meeting this week by setting a 2050 net zero target, a 2030 target, and introducing a carbon levy.
Read MorePREVIEW: Near-term global shipping emissions targets need to be binding, green groups urge at decisive IMO meeting
Talks of introducing “indicative checkpoints” instead of legally binding 2030 and 2040 emissions targets at this week’s International Maritime Organisation (IMO)’s closed-door working meeting would put a 2050 zero emission target for the shipping sector at risk, NGOs have warned.
Read MoreOil and gas sector has no plans to ramp down production -report
Oil and gas companies have no plans to phase out fossil fuels, according to a study that assessed the world’s top fossil fuel companies and found most still have plans to increase total oil production this decade.
Read MoreUPDATE – European Parliament committee rejects revised nature bill, moves to full assembly
The European Parliament’s environment committee (ENVI) rejected its amended text of the disputed nature restoration bill on Tuesday by the narrowest possible margin, passing the divisive legislation onto an uncertain development in the full assembly.
Read MoreHalving global shipping’s emissions by 2030 would not impact trade -study
Halving global shipping’s greenhouse gas emissions by 2030 would not impact global trade, according to an NGO-commissioned report published on Monday as government negotiators arrive in London for talks on revising the sector’s climate goals.
Read MoreEU auditors warn that lack of data puts 2030 climate target under threat
A lack of data and transparency on member state climate policies and actions could hinder progress in hitting the EU’s 2030 emissions reduction target, the bloc’s financial watchdog warned on Monday as a new EU climate observatory is set up that could help monitor progress.
Read MoreEU Green Deal future seen as resilient despite threat from political volatility -experts
Sustainability experts are optimistic that the European Green Deal agenda can continue on a net zero 2050 pathway, despite a recent wave of “climate fatigue” that has hit some parts of the bloc’s political spectrum.
Read MoreEU-wide new clean technology fund idea ditched due to budget pressures
The European Commission has abandoned the idea of creating a new EU Sovereignty Fund in favour of setting up a platform to support the bloc’s leadership on critical technologies using only existing cash sources, the executive body announced on Tuesday.
Read MoreEU nations fail to agree power market reforms after coal subsidy clash
The EU’s 27 national energy ministers failed to agree a unified stance on the bloc’s electricity market reform proposal on Monday as several nations refused to extend subsidies to coal power plants due to climate concerns.
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