Global shipping fleet braces for geopolitical uncertainty amid rising emissions in first quarter -report
The global shipping sector’s greenhouse gas emissions increased in the first quarter of the year, as the sector braces itself for continued uncertainty due to trade tariffs and conflicts, according to the latest report by a maritime technology company published on Wednesday.
Read MoreMitsubishi partners with shipbuilder to capture ships’ oil production emissions
Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, a subsidiary of shipbuilder SBM, will study the application of CO2 capture modules on oil production tankers and refine it to the point it can be commercialised and scaled to contribute to carbon neutrality, the two said Tuesday.
Read MoreBRIEFING: Carbon price for global shipping may be a huge step forward, depending on details to come -experts
The agreement to set a global carbon levy on shipping emissions struck last week in London represents a huge step forward for the industry and sets the tone for the phaseout of LNG — but the devil will be in the details for scaling up net zero fuels, experts say.
Read MoreUPDATE – Global shipping strikes historic deal on carbon pricing system
Countries around the world have agreed to a global carbon tax on shipping emissions during UN talks in London on Friday, that experts say far exceeds the ambition of any other industry climate initiatives despite many viewing the targets as short of what is needed.
Read MoreShipping negotiators forge ahead with carbon tax talks, despite US threat of retaliation
A US threat to impose “reciprocal measures” against countries that support a global carbon tax for shipping won’t blow the multilateral process off course, negotiators said Wednesday as they pressed ahead with crucial UN talks in London.
Read MoreBRIEFING: Consensus forming around credit trading system for shipping emissions at IMO talks
Countries around the world are edging closer to consensus on a credit trading system for global shipping emissions, with the idea of a levy on all greenhouse gas emissions from the sector still on the table at the start of UN talks in London this week.
Read MoreGHG levy for shipping dropped in favour of credit trading system at IMO talks
A flat-rate greenhouse gas levy for shipping has been removed from the latest negotiation text at a meeting of the UN’s International Maritime Organization (IMO) in favour of a tiered compliance system focused on GHG fuel intensity that would effectively introduce a credit trading system.
Read MoreEU ETS verified emissions fell 5% in 2024, European Commission says
Verified emissions reported from installations and aircraft operators covered by the EU ETS fell by 5% year-over-year in 2024, the European Commission said Friday.
Read MorePREVIEW: Moment of truth for proposed GHG shipping levy as IMO member states gather in London
The UN’s International Maritime Organization (IMO) is meeting over the next two weeks in London to decide whether to apply a global emissions levy to reach net zero shipping by 2050.
Read MoreAustralia, Singapore allot $13 mln for eight low-emissions maritime projects
Australia and Singapore announced Wednesday a A$20-million ($12.6 mln) initiative to reduce maritime sector emissions by selecting eight projects for funding to boost green shipping technologies.
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