FEATURE: Global carbon price for shipping faces hammer blows from counter proposals
The adoption of a global carbon price for shipping is now in question, as some countries are proposing a new Net-Zero Framework (NZF) that would remove the financial levy and weaken incentives for clean fuels.
Read MoreShipping needs global carbon price but underlying green shift is happening -executives
Shipping executives reiterated calls for the adoption of a global climate framework at a conference in London, but said that decarbonisation is an underlying trend regardless.
Read MoreOver 85 companies urge adoption of global carbon price for shipping
More than 85 companies including shipowners, ports, and fuel producers have signed a joint statement calling on member states of the International Maritime Organization (IMO) to adopt the Net-Zero Framework this year, which sets out a global carbon price for shipping.
Read MoreFerries responsible for more air pollution than cars in many European port cities
Ferries account for 15 to over 100 times more air pollution than all cars in major European port cities such as Barcelona, Dublin, and Naples, according to a new study, which views the sector as ripe for electrification.
Read MoreSIDS locked out of climate finance as funders deem them too risky -report
Small Island Developing States (SIDS) are being systematically shut out of global climate finance despite facing some of the most acute climate impacts, according to a report released Monday that said funders view these nations as too small, fragmented, and risky to support.
Read MoreUS prepping next stage of IMO carbon pricing proposal opposition -media
The administration of US President Donald Trump (R) is drafting a new diplomatic memo against the International Maritime Organization’s (IMO) proposed carbon price plan, media reported on Thursday.
Read MoreShipping firm locks in low-carbon fuel contract, driven by risk of EU penalties
A European shipping company has signed a long-term offtake agreement with an e-methanol project developer, reacting to an EU regulation and its rising penalties for ships that continue to use carbon-intensive fuels.
Read MoreOnly full IMO global carbon pricing plan can decarbonise shipping, study says
Full adoption of the International Maritime Organization (IMO)’s global carbon pricing mechanism is the only option that would create enough demand signals to boost clean fuel production and enable the global fleet to meet its decarbonisation goals, according to analysis published on Thursday.
Read MoreAmazon expands carbon credit service to include super pollutants, lower-carbon fuel insets
US-based tech giant Amazon has announced it is expanding its carbon credit service to offer super pollutant neutralisation and lower-carbon fuel (LCF) inset credits.
Read MoreCOMMENT: Beyond Offsets – Making Permanence the Foundation of Global Carbon Markets
Carbon markets should evolve to finance long-term ecological stewardship, not merely insure credits, argues Charles Bedford, Founder of Carbon Growth Partners and Professor at Hong Kong University of Science and Technology.
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