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Accusations, chaos as EU Parliament fails to adopt position on ETS reforms amid progressives protest

Published 12:03 on June 8, 2022  /  Last updated at 03:17 on June 10, 2022  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping  /  No Comments

The European Parliament voted to reject a proposal on EU ETS reforms on Wednesday, amid chaotic scenes and flying accusations in the legislature after a line-by-line ballot weakened many amendments to a level that was unacceptable to progressive members.

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Clarksons introduces VER platform for corporate shipping clients

Published 18:03 on June 7, 2022  /  Last updated at 18:03 on June 7, 2022  /  Americas, Asia Pacific, China, China's Offset Market, EMEA, International, Nature-based, Other APAC, Shipping, South & Central, Voluntary Market  /  No Comments

Integrated shipping services firm Clarksons has launched a carbon mitigation platform that will allow its clients to purchase VERs from two global offset standards.

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Two startups team up to offer vessel emissions prices

Published 19:20 on June 6, 2022  /  Last updated at 01:39 on June 8, 2022  /  EMEA, EU ETS, International, Shipping  /  No Comments

Two startups hope to capture pricing benchmarks in the global shipping market ahead of the sector’s expected entry into the EU ETS by offering a set of ocean freight and CO2 prices.

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Lawmakers float tighter controls on EU carbon market prices, access ahead of key vote

Published 02:10 on June 4, 2022  /  Last updated at 13:36 on June 4, 2022  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping  /  No Comments

Lawmakers from the EU’s major political groups have proposed amendments to limit investor access to the bloc’s carbon market and to implement stricter price control measures, ahead of a major European Parliament vote on the ETS reforms next week.

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PREVIEW: EU lawmakers likely to downsize ETS ambition in key votes

Published 17:04 on June 3, 2022  /  Last updated at 17:17 on June 3, 2022  /  Aviation/CORSIA, Carbon Taxes, CBAM, EMEA, EU ETS, International, Shipping  /  No Comments

The European Parliament is set to vote on several key climate policy bills next Wednesday, against the backdrop of a heavily-altered geopolitical landscape that is upping political pressure to ensure energy supplies.

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EU Parliament set to back full ETS entry for shipping, as NGOs highlight loopholes

Published 18:59 on June 2, 2022  /  Last updated at 02:20 on June 3, 2022  /  EMEA, EU ETS, International, Shipping  /  No Comments

The European Parliament is likely to back the entry of all shipping emissions into the EU ETS from 2024 in a vote next week, stakeholders said, with lawmakers replicating much of a preliminary Committee position but also crafting exemptions that would substantially weaken the carbon price signal for some.

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Dutch firm buys controlling stake in Europe-based transportation emissions auditor

Published 19:37 on June 1, 2022  /  Last updated at 19:37 on June 1, 2022  /  Americas, Aviation/CORSIA, EMEA, EU ETS, International, Shipping, UK ETS, Voluntary Market  /  No Comments

A Europe-based transportation emissions auditor has been acquired by a Dutch TIC firm, they announced Friday.

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G7 energy ministers fail to set 2030 coal exit deadline, scale back carbon price ambitions

Published 18:11 on May 27, 2022  /  Last updated at 19:37 on May 27, 2022  /  Americas, Asia Pacific, Aviation/CORSIA, Canada, Carbon Taxes, Climate Talks, EMEA, EU ETS, International, Japan, Shipping, UK ETS, US  /  No Comments

G7 energy ministers pledged on Friday to ditch coal-fired production but failed to set the hard 2030 deadline that hosts Germany had crafted in a draft agreement text.

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ANALYSIS: ‘Carbon neutral’ fuel trades go underground as oil majors fear criticism

Published 11:56 on May 27, 2022  /  Last updated at 06:36 on May 28, 2022  /  Climate Talks, International, Nature-based, Shipping, Voluntary Market  /  No Comments

Oil and gas players are continuing to strike ‘carbon neutral’ fuel deals despite a major drop off in announcements, observers told Carbon Pulse, with the firms believed to be making secretive trades involving millions of carbon credits to offset fossil fuel shipments even as they struggle to agree on how to report them.

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Quad countries to support Article 6, carbon markets in the Indo-Pacific

Published 10:36 on May 25, 2022  /  Last updated at 02:12 on June 4, 2022  /  Americas, Asia Pacific, Australia, International, Japan, Other APAC, Paris Article 6, Shipping, US, Voluntary Market  /  No Comments

The four nations known as the Quad countries – Australia, India, Japan, and the US – will launch a mission to help the Indo-Pacific region implement Article 6 of the Paris Agreement while backing high-quality carbon markets.

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