Top UK ports see boost after EU ETS expansion to shipping
Three of the busiest ports in the UK, a strategic stopover for EU-bound ships to cut down on ETS liability, saw more units and tonnage in Q1 2024 relative to the same period in 2023 as the EU ETS extends to shipping, according to British government figures published Thursday.
Read MoreDemand uncertainty threatens European shipping e-fuel projects –NGO
Two-thirds of European green shipping fuel projects are at risk due to lack of certainty from investors, according to a new report.
Read MoreBrexit reduces EU ETS-liable distances for North Atlantic shipping routes by 24% -analysts
Brexit has reduced EU ETS-reportable sailing distances by liner services on the North Atlantic by 24% relative to a scenario in which the UK had stayed in the bloc, Danish shipping analysts have estimated.
Read MoreGreek shippers to face €1 bln European carbon bill, say analysts
Shipping firms based in Greece face EU ETS costs of €335 million this year, rising to €1 billion once the sector is fully integrated in the bloc’s carbon market, analysts said.
Read MoreBRIEFING: EUA price must hit €150/t to push ship owners to adopt greener fuel
EUAs need to be trading at least €150 per tonne to start incentivising ship owners to switch to biofuels in a subsidised environment, while the price would need to be markedly higher than that to ensure a shift to more expensive green fuels like ammonia or methanol, a freight manager told a conference Wednesday.
Read MoreFirst sea trials of slow steaming software for shipping industry sharply cut CO2 emissions
Two sea trials of a new slow steaming solution for the shipping industry have sharply cut CO2 emission levels, confirming earlier pilot programs, a shipping consortium announced this week.
Read MoreShipping consultancy launches EU ETS-specific contracts to manage compliance
An international shipping advisory service has created an EU ETS add-on to its standard shipping contracts, enabling shipowners and charterers to delegate compliance obligations to a managing entity.
Read MoreVoluntary carbon standard releases methodology to credit electrification in shipping
A large voluntary carbon credit issuing body has released a methodology crediting the electrification of energy supply for ships when shore-side or offshore, active from Wednesday.
Read MoreUK energy company to build world’s first wood-powered cargo ship
A British energy firm with ambitions to become a global player in bioenergy with carbon capture and storage (BECCS) has drawn up plans for the world’s first wood-powered cargo ship.
Read MoreNew Zealand weighs including international shipping, aviation in climate target
The New Zealand government is mulling whether to include the emissions from international flights and shipping to its emissions target, and is seeking public feedback and submissions in a first for the nation.
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