UK shipping industry lays out £700 mln investment plan to reach net zero by 2050
A UK shipping trade association is calling for a £700 million government investment in the country’s upcoming budget, as part of a roadmap to carry the sector to net zero emissions by 2050.
Read MoreIMO talks to cut shipping emissions end with little progress
Talks at the International Maritime Organisation (IMO) this week concluded with some promising signs for the introduction of a carbon levy but still no significant advances.
Read MoreAustralian shipping tech developer to design CO2 tanks for bulk marine transport
Two shipping companies from Asia Pacific announced on Tuesday a collaboration to further marine transport of CO2 for long distances and large cargo volumes.
Read MoreINTERVIEW: Cement giant says EU regulation too stringent to scale up e-fuel for maritime, aviation
A global maker of construction materials would like the EU to scrap a regulation that will only allow sustainably sourced CO2 in the production of e-fuels after 2041, saying it will constrain the ability to decarbonise maritime and aviation.
Read MoreScope of EU ETS expected to broaden out from 2026 -report
In the coming years, the EU’s Emissions Trading System could incorporate new sectors and be extended to neighbouring countries like Ukraine or tied up with the UK, according to research published on Thursday.
Read MoreSouth Korea needs more proactive policies to drive down shipping emissions, NGO says
South Korea should implement more proactive measures, such as accelerating the shift towards greener fuels, to reach its emissions reduction targets for the shipping sector, an environmental group has urged.
Read MoreSpanish engineering, liquid logistics firms reach CCS service agreement
Two Madrid-based companies announced an agreement Tuesday to provide carbon capture, transport, and storage services to large industrial customers.
Read MorePREVIEW: Low expectations as IMO talks to cut shipping emissions kick off
Talks starting next week at the International Maritime Organisation (IMO) on whether to introduce a global greenhouse gas levy and a goal-based fuel standard for the shipping sector are unlikely to yield significant advances, according to people close to the negotiations.
Read MoreSingapore bank moves on EUA trade for Asian shippers as ETS expands
Singapore’s DBS bank announced Tuesday it will offer financing and hedging services for allowances under the EU Emissions Trading Scheme (EU ETS) as shipping companies outside the EU are now included in emissions calculations, becoming the first Southeast Asian bank to do so.
Read MoreShips receive backing from certifiers for CO2 transport
A Japanese company has received approval in principle (AiP) for two new designs of liquefied CO2 (LCO2) carriers, a type of vessel integral to the nation’s plans for wholesale export of its emissions to other jurisdictions for sequestration and permanent management.
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