International Tax Task Force on climate finance to host first gathering at IMF-World Bank Spring Meetings

Published 17:07 on April 12, 2024  /  Last updated at 17:07 on April 12, 2024  / Alejandra Padin-Dujon /  Americas, Asia Pacific, Climate Talks, EMEA, International, Shipping

The International Tax Task Force, an intergovernmental alliance promoting taxation to increase climate and nature finance flows, will meet for the first time and gain new members at the Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington next week.

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Singapore faces biggest share of Asia’s €1 bln EU ETS shipping burden -research

Published 11:49 on April 10, 2024  /  Last updated at 12:07 on April 10, 2024  / Nikita Pandey /  Asia Pacific, EMEA, EU ETS, Other APAC, Shipping

The inclusion of shipping in the EU ETS is likely to impose €1 billion in costs for the Asian shipping industry, with Singapore bound to take on around a third of that, according to research published Wednesday.

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Pressure mounts on EU member states to plug conventional and clean shipping fuel cost gap -stakeholders

Published 17:21 on April 9, 2024  /  Last updated at 17:22 on April 9, 2024  / Rebecca Gualandi /  EMEA, EU ETS, International, Shipping

The pressure to bridge the gap between conventional and clean fuel for the shipping sector is shifting to EU member states, a panel at the European Parliament heard on Tuesday, while key industry stakeholders also stressed the need to reserve climate solutions for hard-to-abate sectors like maritime and aviation.

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Marine consortium launches carbon insetting programme for greener shipping -media

Published 17:09 on April 5, 2024  /  Last updated at 17:09 on April 5, 2024  / Bryony Collins /  EMEA, International, Shipping, Voluntary

A carbon insetting programme for zero-emission shipping has been launched by a consortium of maritime organisations aiming to draw up methodologies for greener ships.

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UPDATE – EU ETS verified emissions drop by more than expected in 2023, preliminary data shows

Published 18:45 on April 3, 2024  /  Last updated at 22:28 on April 3, 2024  /  Aviation/CORSIA, EMEA, EU ETS, International, Shipping, Switzerland, UK ETS

Verified emissions under the EU ETS dropped by at least 15% in 2023, according to the European Commission and four analysis firms’ calculations, with a huge fall in power generator CO2 output driving the larger-than-expected decline.

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ETS poses a “conundrum” to southern EU ports competing with North Africa, shippers council says

Published 12:01 on April 1, 2024  /  Last updated at 12:01 on April 1, 2024  / Sara Stefanini /  Africa, EMEA, EU ETS, International, Shipping

The European Shippers Council has hit back at an NGO’s claim that shipping companies are profiting from the ETS, countering that companies operating in southern EU countries will struggle to meet compliance obligations.

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Maersk still profiting from ETS surcharges, NGO says in response to company’s pushback

Published 11:33 on March 28, 2024  /  Last updated at 11:33 on March 28, 2024  / Sara Stefanini /  EMEA, EU ETS, Shipping

The NGO Transport & Environment is standing firm on claims that AP Moller-Maersk is charging customers more than the actual cost of complying with the EU ETS, after updating its analysis in response to pushback from the Danish major. 

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EU carbon pricing policies could transform, bifurcate global LNG trade -consultancy

Published 19:40 on March 22, 2024  /  Last updated at 00:44 on March 23, 2024  / Mike Szabo /  Americas, Asia Pacific, Carbon Taxes, CBAM, EMEA, EU ETS, International, Japan, Shipping, South Korea, US, Voluntary

The global LNG market is at risk of major transformation and possible bifurcation if the EU extends its carbon pricing policies to include imports of the fuel, according to a major global consultancy.

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Momentum builds for shipping carbon levy as IMO meeting draws to a close

Published 14:46 on March 22, 2024  /  Last updated at 14:46 on March 22, 2024  / Rebecca Gualandi /  Americas, Asia Pacific, Carbon Taxes, EMEA, International, Shipping

Momentum to introduce a carbon tax on shipping is building after delegates at a UN convention officially endorsed a framework on Friday to move forward with climate measures including the introduction of a levy on emissions.

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LEAK: Global carbon price for shipping still on the table at IMO meeting

Published 19:21 on March 20, 2024  /  Last updated at 19:21 on March 20, 2024  / Rebecca Gualandi /  EMEA, International, Shipping

The UN’s international shipping body has drawn up a legal framework for decarbonisation measures that includes a carbon pricing mechanism, according to a draft text seen by Carbon Pulse on Thursday, despite fears by some delegates that this option could still be removed.

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