Global 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 MoreEU 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.
Read MoreETS poses a “conundrum” to southern EU ports competing with North Africa, shippers council says
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.
Read MoreMaersk still profiting from ETS surcharges, NGO says in response to company’s pushback
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.
Read MoreEU carbon pricing policies could transform, bifurcate global LNG trade -consultancy
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.
Read MoreMomentum builds for shipping carbon levy as IMO meeting draws to a close
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.
Read More