Most shipowners back LNG to meet IMO rules despite methanol hype -report
Shipowners have targeted liquefied natural gas (LNG) as the fuel to meet the International Maritime Organisation’s (IMO) 2030 climate targets, while methanol, seen as a distant second-place option, has been largely promoted by just one major company, finds a report.
Read MoreNon-EU shipping companies struggle to navigate ETS rules in tight timeframe
The European Commission’s list of shipping companies and assigned countries for participating in the EU ETS is causing administrative burdens for firms outside the bloc – with little time in which to navigate the new rules.
Read MoreINTERVIEW: Energy-efficient electrolysers highly prized as access to renewable energy tightens
A producer of components for highly efficient electrolysers says that those able to use renewable energy more effectively will be greatly valued as access to clean energy becomes increasingly constrained.
Read MoreGlobal shipowners’ body supports emissions levy to set up decarbonisation fund
The shipping sector’s main international trade association has put forward a new proposal for a global shipping climate fund, which could be filled by imposing a levy of $12.50 per tonne of CO2 equivalent, based on the need to raise $10 billion to meet emissions goals.
Read MoreANALYSIS: Shipping emissions calculations, contracts, risk affect EU ETS cost pass-through
New carbon surcharges attached to shipping fees for charterers and downstream customers reflect not only EUA prices and emissions data, but also methodological decisions, contract types, and risk management, experts have told Carbon Pulse.
Read MoreGold Standard launches offshore shipping voluntary carbon methodology
Voluntary carbon certification body, Gold Standard, has launched a new emissions reduction methodology to credit projects that implement shore-side or offshore electricity supply for ships, adapted from a Clean Development Mechanism version, it said in a quarterly update.
Read MoreIMO “more and more confident” of agreement on pricing mechanism for shipping -briefing
The newly appointed secretary general of the International Maritime Organisation is increasingly confident that an agreement will be reached on the technical measures and pricing mechanism to implement under its GHG strategy, he told a press briefing on Thursday.
Read MoreEU shipping companies can now apply for their own EUA holding account
Shipping companies will now be able open their holding accounts for EUAs, which they have been waiting for to start hedging and meeting their EU ETS requirements, following the publication of a legal act by the European Commission on Wednesday.
Read MoreFEATURE: Cruise industry sails to greener horizons, driven by carbon pricing pressure
The growth in carbon pricing mechanisms faced by the maritime sector will help to further incentivise the cruise industry to decarbonise its fleet, though doing so requires the scale-up of low-carbon fuels and port electrification, which are still at relatively low levels.
Read MoreFresh analysis points to limited 2024 impact of Red Sea diversions on EUA demand
Red Sea shipping disruptions will have a relatively modest impact on EUA demand, analysts said in a report published Wednesday, consistent with recent Carbon Pulse analysis, though the effect could be more pronounced next year when a higher proportion of shipping emissions face compliance.
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