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Japan, South Korea oppose move to bring global shipping to EU carbon market

Published 17:30 on November 26, 2020  /  Last updated at 17:30 on November 26, 2020  /  Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, South Korea  /  No Comments

Japan and South Korea has voiced concerns over EU plans to extend the scope of its ETS to include emissions from all voyages using the 27-nation bloc’s ports, which the European Commission is considering as part of its carbon market reform.

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UN’s IMO strikes shipping emissions deal that lets maritime GHGs keep rising

Published 19:13 on November 17, 2020  /  Last updated at 09:34 on November 18, 2020  /  Climate Talks, International, Shipping  /  No Comments

Nations agreed a global maritime deal at the UN’s IMO on Tuesday that would allow the sector’s emissions to rise for another decade, a move that could strengthen the EU’s resolve to take tougher action in its own waters.

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Pacific Islands pin hopes on carbon pricing as ‘weak’ shipping emissions deal looms

Published 17:57 on November 16, 2020  /  Last updated at 22:29 on November 16, 2020  /  Asia Pacific, Carbon Taxes, Climate Talks, International, Other APAC, Shipping  /  No Comments

Two Pacific Island nations urged the UN to advance carbon pricing plans for shipping on Monday, as nations were poised to endorse a global maritime deal that would allow the sector’s emissions to rise for another decade.

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Audio recordings of Carbon Pulse’s side events at the ICAP-IETA Carbon Markets Virtual Pavilion

Published 16:46 on November 12, 2020  /  Last updated at 17:37 on November 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, CBAM, China, China's National ETS, China's Offset Market, China's Pilot Markets, Climate Talks, Conversations, Dialogue, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Newsletter, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Views, Voluntary Market  /  No Comments

Here is a summary of Carbon Pulse’s free side events at this week’s IETA-ICAP Carbon Markets Virtual Pavilion, along with links to the audio recordings. (Video recordings not available to due to file size considerations)

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Shipowners urge creation of global R&D fund as report shows scale of zero-carbon fuel needed

Published 09:00 on November 11, 2020  /  Last updated at 11:29 on November 11, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

The coming decade will be crucial for mobilising funds for zero-carbon shipping fuels, an industry report released Wednesday said, renewing calls for the creation of a $5 billion R&D fund to help the maritime sector decarbonise.

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Hong Kong shipping firm strikes voluntary offset deal with CLP

Published 12:51 on November 6, 2020  /  Last updated at 12:51 on November 6, 2020  /  Asia Pacific, International, Other APAC, Shipping, Voluntary Market  /  No Comments

Hong Kong-based shipping firm Wah Kwong has agreed to buy an undisclosed amount of carbon credits from the territory’s biggest power company as part of a joint effort to “raise awareness of decarbonisation in the shipping industry”.

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MARCU MY WORDS: The importance of the Article 6 Guidelines to the success of the Paris Agreement

Published 22:46 on November 4, 2020  /  Last updated at 22:46 on November 4, 2020  /  Asia Pacific, Aviation/CORSIA, Climate Talks, Dialogue, International, Japan, Kyoto Mechanisms, New Market Mechanisms, Other APAC, REDD, Shipping, South Korea, Views, Voluntary Market  /  No Comments

The absence of the Article 6 Guidelines creates uncertainty for the accounting treatment of assets in the emerging carbon market under the Paris Agreement as well as for other related markets. The importance of the international accounting treatment cannot be overstated.

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EU lawmakers demand more global efforts to cut shipping emissions ahead of key meeting

Published 14:14 on October 29, 2020  /  Last updated at 14:14 on October 29, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

MEPs in the European Parliament’s influential environment committee are not convinced by the deal on global shipping emissions struck last week at the UN’s International Maritime Organisation (IMO) and want the European Commission to push for more stringent measures at a meeting in November.

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ANALYSIS: Shipowners face reality of EU carbon market expansion amid global wrangling, retaliation threats

Published 19:15 on October 23, 2020  /  Last updated at 08:00 on October 26, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

The European shipping industry is waking up to the reality that the 27-nation bloc is determined to include the sector in its ETS, as the UN body tasked with tackling global maritime emissions struggles to agree on measures that campaigners say would make little difference.

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CARBON FORWARD 2020: EU ETS extension a “frightening” risk to poor -senior Polish official

Published 17:28 on October 14, 2020  /  Last updated at 11:51 on October 15, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

Extending the EU carbon market to buildings presents a “frightening” risk of harming the poor, a senior Polish official said during the Carbon Forward 2020 conference on Wednesday, as Brussels unveiled bloc-wide renovation plans.

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