BRIEFING: Definition of ‘offshore ships’ in EU ETS draws criticism from industry, NGOs
The shipping industry as well as environmental NGOs have criticised the European Commission’s definition of offshore ships to be included in the EU ETS from next year, saying it will lead to confusion, market distortion, and unaccounted emissions.
Read MoreEU fishing policy limits on vessel weight and power are no hindrance to low-carbon transition -report
Limits on vessel weight and power under the EU’s Common Fisheries Policy (CFP) pose no obstacle to transitioning the EU fishing fleet to energy-efficient and low-carbon propulsion technologies, according to a new report by a non-profit.
Read MoreUS onboard shipping CCS developer closes $9.5 mln additional funding
A California-headquartered developer of modular onboard carbon capture and storage (CCS) for the shipping sector has raised $9.5 million in new funding, according to a Tuesday press release.
Read MoreSouth Korean shipbuilder teams up with industry body to decarbonise shipping
One of the largest shipbuilders in South Korea has teamed up with a clean shipping industry body to work on solutions that can decarbonise the sector, particularly ammonia and onboard carbon capture systems.
Read MoreGroups urge UK govt to ensure strong shipping emissions coverage in ETS
A cohort of economists, think tanks, and non-profits have called for all domestic emissions and half of international emissions to be included in the UK ETS as the government continues to mull reforms to the country’s compliance carbon market.
Read MoreEU clarifies next emissions monitoring regulation for offshore ships
The European Commission has clarified its rules for extending its monitoring, reporting, and verification system to greenhouse gas emissions from offshore vessels, slightly broadening the list of ships considered to be offshore.
Read MoreUnder-prepared shipping companies may face hefty fines under FuelEU -consultancy
European shipping companies are not ready for the upcoming FuelEU Maritime regulation and could face significant fines, according to an independent shipping emissions analytics company.
Read MoreLNG ship building outpaces gas demand, not compliant even with most conservative climate scenario, report says
The ‘golden age’ of gas and the expanding trade in LNG has led to a glut of carriers being built that is incompatible with even the most conservative climate outlook from the International Energy Agency, a think tank said Monday.
Read MoreShipping carbon tax could broadside African economies, report warns
A shipping carbon tax being floated by the International Maritime Organization (IMO) could have disproportionate economic impacts on African countries, a new report warns.
Read MoreGlobal tax on aviation, shipping could raise $200 bln annually by 2035 -IMF
International transportation, especially aviation and shipping, must be “urgently taxed” as that would raise up to $200 billion a year in revenues by 2035, potentially tripling current global climate finance, a paper released by the International Monetary Fund (IMF) has found.
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