UK to begin consultation on including maritime emissions in ETS shortly, but no deadline for free allocation response
The UK government will soon begin a public consultation on how best to include maritime emissions in the scope of the UK ETS, a senior official said on Monday, without indicating when the government would respond to recently completed consultations on other potential changes to the country’s stand-alone carbon market.
Read MoreKorean port authority teams up with US non-profit to decarbonise shipping sector
One of the largest industrial ports in South Korea has teamed up with a California-based environmental organisation to drive down emissions in the international shipping sector.
Read MoreAustralia, Singapore looking to clean, green maritime operations
Singapore and Australia plan a A$20 million ($12.85 mln) spend via the Australia-Singapore Initiative on Low Emissions Technologies (ASLET) for maritime and port operations, the two said Wednesday.
Read MoreEmissions reduction technology firm signs agreement with SAF, biodiesel producers in Spain
A new biofuels plant in Spain will utilise industrial hydrotreating technology to reduce emissions in the production of sustainable aviation fuel (SAF) and biodiesel, the companies announced Tuesday.
Read MoreGlobal commodities firm deploys real time emissions reporting tech on LNG carrier
A Singapore-headquartered global commodities trading house plans to deploy a Swiss firm’s technology for real time measurement and reporting of GHG emissions, the companies said Monday.
Read MoreInternational Tax Task Force on climate finance to host first gathering at IMF-World Bank Spring Meetings
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.
Read MoreSingapore faces biggest share of Asia’s €1 bln EU ETS shipping burden -research
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.
Read MorePressure mounts on EU member states to plug conventional and clean shipping fuel cost gap -stakeholders
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.
Read MoreMarine consortium launches carbon insetting programme for greener shipping -media
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.
Read MoreUPDATE – EU ETS verified emissions drop by more than expected in 2023, preliminary data shows
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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