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ANALYSIS: Smaller green shipping deals bode well for global agreement

Published 23:28 on January 27, 2023  /  Last updated at 16:32 on January 30, 2023  /  EMEA, EU ETS, International, Shipping  /  No Comments

As nations squabble at the UN’s maritime agency (IMO) over a headline global climate target for shipping, governments are doing better at making smaller-scale arrangements that cut across historic rich-poor divides and are widely seen as essential for decarbonising the sector.

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EU legislators strike provisional deal on remaining ETS elements of Fit for 55 package

Published 05:31 on December 18, 2022  /  Last updated at 10:21 on December 19, 2022  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping  /  No Comments

EU legislators struck a provisional deal on the remaining EU ETS-related bills under the bloc’s overarching Fit for 55 climate policy package early Sunday, agreeing to backload efforts until later in the decade but securing a slightly higher 2030 emissions reduction target than originally proposed. 

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Korea can play a key role to boost green shipping -report

Published 05:16 on December 14, 2022  /  Last updated at 05:16 on December 14, 2022  /  Asia Pacific, International, Shipping, South Korea  /  No Comments

South Korea should use its influence as a global maritime leader to accelerate decarbonisation of the sector with a raft of policy measures that include expanding the scope of its own emissions trading scheme to include shipping, a joint report from two green policy think-tanks released on Wednesday said.

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IMO to present revised climate plan for shipping at July meeting amid calls for short-term action

Published 13:54 on December 12, 2022  /  Last updated at 14:18 on December 12, 2022  /  International, Shipping  /  No Comments

The UN’s shipping branch will adopt a revised greenhouse gas strategy at its next meeting in July, its secretary general announced on Monday as the current negotiating session kicked off in London aiming to craft a detailed plan for decarbonising the sector.

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SBTi launches 1.5C-aligned roadmap for shipping sector companies

Published 23:45 on December 7, 2022  /  Last updated at 23:45 on December 7, 2022  /  International, Shipping, Voluntary  /  No Comments

Corporate climate goal-setting template provider SBTi has launched new guidance for the shipping sector, requiring maritime companies to reach net zero CO2 output by 2040.

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‘Historic’ deal on inclusion of maritime sector in EU ETS reached -MEP

Published 13:16 on November 30, 2022  /  Last updated at 10:35 on January 13, 2023  /  EMEA, EU ETS, International, Shipping  /  No Comments

An ‘historic’ deal on the inclusion of maritime shipping emissions in the EU ETS was provisionally struck by EU negotiators in Tuesday evening’s trilogue, but discussions are still open regarding other elements of the EU ETS reform bill, a senior MEP involved in the talks said on Wednesday morning.

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Maritime emissions jump in 2021 amid uncertain low-carbon outlook -report

Published 19:19 on November 29, 2022  /  Last updated at 19:19 on November 29, 2022  /  EMEA, EU ETS, International, Shipping  /  No Comments

Greenhouse gas emissions from the world’s maritime fleet increased by 4.7% in 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, a report from UNCTAD, the UN institution dealing with trade and development, warned Tuesday

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Shipping’s entry into EU ETS likely to weigh on market initially, say analysts

Published 16:32 on November 29, 2022  /  Last updated at 16:32 on November 29, 2022  /  EMEA, EU ETS, Shipping  /  No Comments

Adding shipping to the EU ETS is likely to have an initial bearish impact due to how legislators are designing the process, analysts told Carbon Pulse, while the maritime sector is expected to take varying approaches to buying the allowances they will need.

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EU negotiators strike provisional deal on shipping in the EU ETS -MEP

Published 13:14 on November 22, 2022  /  Last updated at 08:42 on January 12, 2023  /  EMEA, EU ETS, Shipping  /  No Comments

EU negotiators have agreed a unified position on how shipping will be added to the EU ETS, seeking to add the sector’s emissions gradually over 2024-26 rather than immediately as the Parliament had initially wanted, an MEP involved in the talks said on Tuesday.

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Post-COP27 pressure set to mount on who foots bill for climate change

Published 19:44 on November 21, 2022  /  Last updated at 22:12 on November 23, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, Shipping, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Climate-related finance demands are very likely to grow in the coming weeks and months, as nations meet in high-stakes nature negotiations in Montreal, and discussions escalate elsewhere on broader global-financial-system reform pursuant to the climate crisis.

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