Global shipping’s R&D fund seen getting top billing over carbon pricing at UN talks
The UN’s International Maritime Organisation’s (IMO) will in the coming days attempt to advance negotiations around an industry-led proposal for a small fuel levy to finance shipping R&D, with observers expecting this effort to eclipse discussions on global carbon pricing measures for the sector.
Read MoreUK plans for in-person COP26 climate summit, explores COVID safeguards
The UK is planning on host the COP26 UN climate negotiations as an in-person summit in Glasgow in November and is considering various ways of ensuring protection against the coronavirus pandemic, the meeting’s president Alok Sharma said on Friday.
Read MoreShipping ‘insets’ could curb GHGs within supply chain, says industry representative
The global maritime industry should look into emissions-cutting projects within the sector instead of relying on offsets, a representative from a Europe-based shipping company said Thursday, as the industry braces for EU mitigation measures.
Read MoreUS likely needs new legislation to hit its revised Paris climate goal -panel
The US will need to leverage existing programmes and regulatory authority to drive near-term emissions reductions, but federal legislation is likely required to hit its enhanced Nationally Determined Contribution (NDC) to the Paris Agreement, panelists told a conference on Friday.
Read MoreLeaders Summit on Climate: Officials highlight need for public, private action ahead of COP26
Government officials on Friday pushed for the public and private sectors to increase climate ambition ahead of the UN COP26 summit this fall, as the US and other countries announced a pair of initiatives to drive future reductions.
Read MoreLeaders Summit on Climate: US hikes Paris climate goal as other nations strengthen emissions targets
US President Joe Biden raised the country’s emissions reduction target on Thursday at the White House-convened Leaders Summit on Climate, as other nations including Japan and Canada increased their own Paris Agreement pledges to the 2015 UN pact.
Read MoreOffset developers, registries must bring higher-integrity protocols to market -report
Voluntary carbon market (VCM) participants and registries need to quickly scale-up high integrity offset protocols amid rising corporate demand, while also making tweaks to existing protocols to account for inadequacies, according to a white paper published Monday.
Read MoreShipping likely to be shielded from other EU carbon market sectors, say analysts
The EU is likely to only partially link shipping to other carbon market sectors when it includes maritime in its cap-and-trade system, analysts said in a report released Thursday, adding that any move to include shipping would be unlikely before 2023.
Read MoreMore shipbrokers charting their own course to trade carbon
Shipbrokers are launching dedicated carbon trading desks or forging ties with market experts ahead of looming regulation and amid rising interest in mitigating the climate impact of their voyages.
Read MoreEU plans to bring shipping into carbon market must not grant free allowances -shipowners
Plans to bring shipping emissions into the EU ETS must ensure that no free emissions allowances are allocated, two national shipowner associations said in a letter on Monday.
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