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EU lawmaker raises climate law ambition, proposes carbon budget

Published 14:07 on May 8, 2020  /  Last updated at 00:53 on May 9, 2020  /  Aviation/CORSIA, EMEA, EU ETS, Shipping  /  No Comments

The EU should set a 65% emissions reduction target for 2030 and work towards an 80-85% objective in 2040, aided by a union-wide carbon budget and the establishment of an independent scientific committee, the lead MEP steering the 27-nation bloc’s climate law has proposed in a draft report.

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ETS ‘fit for purpose’ for current EU targets, but may struggle long-term -report

Published 23:00 on April 28, 2020  /  Last updated at 23:35 on April 28, 2020  /  EMEA, EU ETS, Shipping  /  No Comments

The EU ETS is ‘fit for purpose’ to deliver the bloc’s current climate objectives, even despite the effects of the COVID-19 coronavirus pandemic, but it will struggle to deliver the long-term ambitions under the European Green Deal in its current shape, according to a report released Tuesday.

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Green Deal the ‘compass’ to guide EU’s post-virus recovery, urge Merkel, von der Leyen

Published 22:46 on April 28, 2020  /  Last updated at 22:51 on April 28, 2020  /  Americas, Australia, Canada, Carbon Taxes, China, Climate Talks, EMEA, EU ETS, International, Japan, Shipping, South Korea, US  /  No Comments

German Chancellor Angela Merkel on Tuesday reiterated her support for a more ambitious EU emissions reduction target for 2030, and along with European Commission President Ursula von der Leyen urged fellow lawmakers to ensure that the bloc’s Green Deal is a central and guiding component of Europe’s post-coronavirus recovery plan.

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Inclusion of shipping in EU ETS gains wide MEP support -key lawmaker

Published 12:17 on April 7, 2020  /  Last updated at 22:57 on April 7, 2020  /  EMEA, EU ETS, Shipping  /  No Comments

A proposal to include shipping in the EU ETS has gathered an “encouraging” consensus among EU lawmakers, according to the European Parliament’s lead lawmaker on the issue. 

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Carbon consultancy offering ‘Corona Credits’ to offset emissions reduced by global virus lockdown

Published 08:05 on April 1, 2020  /  Last updated at 08:26 on April 1, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, Carbon Taxes, China, China's Offset Market, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, RINs & LCFS, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  1 Comment

*FREE READ* – A new carbon consultancy is calculating the global greenhouse gas emissions being saved by people working from home due to the coronavirus outbreak, and it is packaging and selling the reductions as voluntary carbon offsets.

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EU shipping emissions proposal to face tussle over targets -analysts

Published 18:32 on March 23, 2020  /  Last updated at 21:50 on March 23, 2020  /  EMEA, EU ETS, International, Shipping  /  No Comments

An EU proposal to put shipping emissions in the EU ETS will likely face wrangling over carbon intensity targets and its baseline emission year, analysts said in a report released Monday. 

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Major climate conference nixed over coronavirus

Published 11:55 on March 19, 2020  /  Last updated at 11:55 on March 19, 2020  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Bavardage, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Kyoto Mechanisms, Mexico, Middle East, New Market Mechanisms, New Zealand, Other APAC, REDD, Shipping, South & Central, South Korea, Switzerland, US, Voluntary Market  /  No Comments

A major annual climate change conference scheduled for late May has been cancelled over the coronavirus crisis.

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BRIEFING: EU lawmaker aims to seize momentum to put shipping in bloc’s ETS

Published 18:16 on March 13, 2020  /  Last updated at 06:26 on March 14, 2020  /  EMEA, EU ETS, Shipping  /  No Comments

The European Parliament is mulling an early bid to agree this year to include all ships using EU ports in the bloc’s ETS, attempting to capitalise on the current heightened momentum for climate action, the Parliament’s lead lawmaker on the issue told Carbon Pulse on Friday.

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Carbon Pulse kicks off 2020 with two new hires to enter investment, development phase

Published 00:01 on February 18, 2020  /  Last updated at 23:51 on February 18, 2020  /  Africa, Asia Pacific, Aviation/CORSIA, Bavardage, EMEA, EU ETS, International, Kyoto Mechanisms, Middle East, New Market Mechanisms, Shipping, Switzerland, Voluntary Market  /  1 Comment

Carbon Pulse has expanded its workforce to kick off 2020, hiring two experts to help bolster its unrivalled news and intelligence offering as the five-year old company enters a new period of investment and product development.

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Shipping climate goal to cost 100 times more than industry proposing to raise

Published 18:32 on January 20, 2020  /  Last updated at 19:04 on January 21, 2020  /  Aviation/CORSIA, Climate Talks, International, Shipping  /  No Comments

Global investment of $50-70 billion a year will be needed to halve emissions from shipping by 2050, a scale 100 times greater than an industry-proposed $2/t levy would raise but a level experts say has already been borne by the maritime sector within living memory.

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