Big maritime players call for decarbonised shipping by 2050
A coalition representing the maritime sector’s entire value chain has called on Wednesday for a target of net zero emissions from shipping by 2050 and for market-based measures within five years.
Read MoreJapanese shipping firm buys stake in Australian offset developer
Shipping firm NYK Line has taken a minority stake in an Australian offset developer to expand its carbon credit business and gain know-how that can be used in other markets, it said Tuesday.
Read MoreCARBON FORWARD 2021: Amid global carbon credit boom, experts gather to discuss risks, opportunities
The sixth instalment of Carbon Forward – the premier annual environmental markets conference – is back, and it’s stacked with a first-class line-up of speakers to discuss the global boom in carbon credit prices, as well as government- and corporate-led efforts to scale up these markets.
Read MoreAl Gore-backed data project finds oil and gas emissions may be double estimates
A new emissions data project has found that emissions from oil and gas production may be twice as high as previously thought, as new technology builds a more accurate picture of global GHG output.
Read MoreUK pushes IMO for zero emissions shipping target in wake of national goal
The UK pushed Monday for global shipping emissions to reach zero by 2050, a move that would significantly increase stringency from the current 50% goal under the UN’s International Maritime Organisation (IMO), which foresees revising its emissions strategy in 2023.
Read MoreEU lawmakers wary of CO2 cost hit to poor people, urge speedier end to free allocations
A proposed new European carbon market for buildings and transport could hit the poorest the hardest, MEPs said in a hearing on Thursday, with several calling for a faster phaseout of free EU carbon allocations for industry and airlines under the bloc’s main ETS.
Read MoreWary of EU move, shipping industry proposes additional global CO2 levy
Leading shipping associations have proposed creating a global levy on emissions from ships, seeking a level playing field as the EU advances its plans to regulate the sector’s climate impact.
Read MoreCarbon Pulse bolsters best-in-class reporting team with two more expert hires
(Free read) – Carbon Pulse has significantly strengthened its best-in-class news reporting team by bringing aboard two more expert hires – one previously the lead energy analyst with The Economist Intelligence Unit (EIU), and the other a lead negotiator for Article 6 of the Paris Agreement.
Read MoreUK’s “inconsistent, regressive” carbon pricing system needs reform to reach 2050 net zero -think-tank
The UK’s current carbon pricing measures are “inconsistent, regressive, unclear, and cannot put the country on the path to reach net zero emissions by 2050”, a think-tank said Wednesday, urging wide-ranging reforms to the system.
Read MoreDisheartened by existing voluntary carbon offerings, market veterans launch ‘fair and transparent’ offset service
Amid a global voluntary carbon market it says is hamstrung by profiteering, criminal activity, and a lack of regulation, a team of market veterans has launched a new carbon offset firm with the goal of providing for its customers a ‘genuine, fair, and transparent’ path to net zero.
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