Top

Global shipping’s R&D fund seen getting top billing over carbon pricing at UN talks

Published 20:04 on June 10, 2021  /  Last updated at 00:32 on June 11, 2021  /  Africa, Americas, Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, UK ETS, US  /  No Comments

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 More
Top

UK plans for in-person COP26 climate summit, explores COVID safeguards

Published 12:27 on May 14, 2021  /  Last updated at 21:13 on May 14, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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 More
Top

Shipping ‘insets’ could curb GHGs within supply chain, says industry representative

Published 18:14 on April 29, 2021  /  Last updated at 18:14 on April 29, 2021  /  Aviation/CORSIA, EMEA, EU ETS, International, Shipping, Voluntary Market  /  No Comments

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 More
Top

US likely needs new legislation to hit its revised Paris climate goal -panel

Published 22:59 on April 23, 2021  /  Last updated at 22:47 on April 28, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

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 More
Top

Leaders Summit on Climate: Officials highlight need for public, private action ahead of COP26

Published 17:30 on April 23, 2021  /  Last updated at 19:01 on April 23, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

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 More
Top

Leaders Summit on Climate: US hikes Paris climate goal as other nations strengthen emissions targets

Published 11:38 on April 22, 2021  /  Last updated at 19:05 on April 22, 2021  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, UK ETS, US, Voluntary Market  /  No Comments

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 More
Top

Offset developers, registries must bring higher-integrity protocols to market -report

Published 23:36 on April 19, 2021  /  Last updated at 23:36 on April 19, 2021  /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Canada, EMEA, International, REDD, Shipping, South & Central, US, Voluntary Market  /  No Comments

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 More
Top

Shipping likely to be shielded from other EU carbon market sectors, say analysts

Published 21:03 on April 15, 2021  /  Last updated at 17:15 on April 16, 2021  /  EMEA, EU ETS, International, Shipping  /  No Comments

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 More
Top

More shipbrokers charting their own course to trade carbon

Published 22:27 on April 13, 2021  /  Last updated at 03:32 on April 14, 2021  /  Asia Pacific, EMEA, EU ETS, International, Kyoto Mechanisms, New Market Mechanisms, Other APAC, Shipping, Switzerland, UK ETS, Voluntary Market  /  No Comments

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 More
Top

EU plans to bring shipping into carbon market must not grant free allowances -shipowners

Published 17:01 on April 12, 2021  /  Last updated at 17:01 on April 12, 2021  /  EMEA, EU ETS, International, Shipping  /  No Comments

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.

Read More