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Trading house Trafigura to consider offsets to help meet its first GHG goal

Published 12:32 on January 6, 2021  /  Last updated at 00:27 on January 7, 2021  /  EMEA, International, Shipping, Switzerland, Voluntary Market  /  No Comments

Commodities trader Trafigura set its first emissions reduction target on Wednesday, aiming to cut its scope 1 and 2 emissions by at least 30% under 2020 levels by the end of its 2023 financial year.

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BRIEFING: Portugal vows to conclude EU Climate Law in its six-month presidency

Published 15:52 on January 4, 2021  /  Last updated at 02:03 on January 5, 2021  /  EMEA, EU ETS, International, Shipping  /  No Comments

The European Climate Law, industrial policy, and green shipping are three priorities of the six-month Portuguese EU Council presidency that took over on Jan. 1, putting the bloc’s climate files high on the agenda.

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EU carbon market rules give negligible risk of ships evading obligations -report

Published 23:08 on December 14, 2020  /  Last updated at 23:08 on December 14, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

There is little risk that ships would make port calls in non-EU ports to evade compliance under an extended EU cap-and-trade system, according to an NGO report released on Monday.

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Climate Ambition Summit: World leaders strengthen pledges, celebrate Paris anniversary

Published 15:04 on December 12, 2020  /  Last updated at 20:53 on December 12, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, Carbon Taxes, 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

Over 70 world leaders addressed the Climate Ambition Summit on Saturday, a one-day virtual forum aimed at building momentum for raising national pledges to the 2015 UN Paris Agreement ahead of the pact taking effect next year.

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Free EU carbon allowances an option for shipping -lead MEP

Published 19:44 on December 7, 2020  /  Last updated at 21:04 on December 7, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

The EU could freely allocate EUAs for shipping if the sector is brought into the bloc’s cap-and-trade system, which could prevent carbon leakage and ensure predictability, a senior MEP from the assembly’s transport committee (TRAN) said on Monday.

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

Published 17:30 on November 26, 2020  /  Last updated at 22:39 on November 26, 2020  /  Asia Pacific, EMEA, EU ETS, International, Japan, Shipping, South Korea  /  No Comments

Japan and South Korea have 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 plans.

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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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