Shipping’s carbon costs could outweigh its fuel burden by late 2030s, says report
The cost of complying with climate regulations for European shipping could exceed that of fuel and reach $200-600 per tonne of CO2 by 2035-40, according to an industry body.
Read MoreShip companies urge IMO to ditch carbon pricing framework -media
An open letter signed by almost 30 companies led by Greek shipowner Angelicoussis calls on member states of the International Maritime Organisation (IMO) to pursue alternatives to a global carbon pricing framework for shipping, a trade journal reported.
Read MoreShipping companies avoided extra $4.3 bln in annual taxes by paying half global average rate
Ten of the world’s largest public reporting shipping companies avoided paying $4.3 billion in additional taxes in 2024 due to the sector’s privileged tax regime – enough to cover more than 30% of the annual carbon pricing proposed for the sector, according to a non-profit.
Read MoreEU ETS verified emissions fell 1.3% in 2025, European Commission says
Verified emissions reported from installations, aircraft, and maritime operators covered by the EU ETS fell by 1.3% year-on-year (YoY) in 2025, the European Commission confirmed Friday.
Read MoreEU ETS verified emissions from stationary installations fell around 1.5% in 2025 -analysts
Verified emissions reported from stationary installations covered by the EU ETS fell by approximately 1.5% year-on-year (YoY) in 2025, according to multiple analysts’ calculations of data published on the system registry Thursday.
Read MoreShipping and oil majors pilot new model to monetise low-carbon shipping fuel
A shipping giant on Thursday announced a partnership with an oil and gas major to pilot a book-and-claim system that allows emissions reductions from low-carbon marine fuel to be converted into tradable certificates for cargo owners.
Read MoreFEATURE: Effects of Iran war may lead countries to galvanise behind greener shipping framework
Surging fuel prices driven by the Iran war have alerted companies and policymakers to the energy security benefits of greener alternatives, which could help galvanise momentum on a global framework for shipping emissions, according to experts.
Read MoreHormuz closure costing shipping €340 mln per day, sector must accelerate decarbonisation -report
The Hormuz Strait crisis is costing the maritime industry €340 million a day – highlighting the industry’s vulnerability to oil and gas price volatility, according to a new report.
Read MoreIndia launches carbon market portal
India on Saturday formally launched its long-awaited carbon market portal, taking a step in rolling out the country’s domestic carbon credit trading scheme.
Read MoreEXCLUSIVE: Indonesia first to pilot G20-backed carbon credit data model
The government of Indonesia will pilot a new global framework for standardising carbon credit data as part of efforts to strengthen transparency and interoperability in carbon markets, according to an announcement Friday.
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