New leak of EU methane penalty guidance sparks fears of enforcement “black hole”
The European Commission plans to recommend that member states suspend some of the penalties for fossil fuel importers that breach the EU Methane Regulation for up to three years, according to a leaked draft – in a move that is drawing sharp criticism from climate advocates.
Read MoreFour EU states call for extra ETS allowances tied to decarbonisation
Czechia, Greece, Poland, and Romania have called for additional free carbon allowances to be granted to energy-intensive industries on the condition that companies invest in reducing their emissions, while also urging that current levels of free allocation be maintained.
Read MoreUK stands to gain from extending ETS to international maritime trips, smaller ships -think tank
The UK ETS Authority should expand the scope of the UK’s cap-and-trade scheme to cover more maritime voyages and a greater share of vessels, a think tank said in a blog post published on Tuesday.
Read MoreUK should extend ETS to international shipping from 2027 to unlock £574 mln, coalition says
The UK should bring forward the planned extension of its Emissions Trading System (ETS) to international maritime emissions to 2027, from 2028, a coalition of transport, environmental, and clean fuel organisations said Monday.
Read MoreEU to suggest pragmatic methane law, as civil society groups step up scrutiny
The European Commission is preparing for a “pragmatic implementation” of the EU Methane Regulation, with a chance that the executive will propose further guidance to companies in an upcoming unofficial paper, sources told Carbon Pulse.
Read More“Don’t mess with EU ETS”, climate campaigners warn
Campaigners have urged Brussels to resist growing political pressure to dilute the EU Emissions Trading System (ETS), warning that weakening the bloc’s flagship carbon market in the name of industrial competitiveness would undermine two decades of decarbonisation efforts just as the system “is finally working somewhat”.
Read MoreSouth Korea urged to transform ports into renewable energy hubs
South Korea should transform its ports into renewable energy hubs by leveraging surplus power for port and ocean shipping electrification, according to a new report.
Read MoreGlobal shipping carbon price still on the table as countries agree to continue talks on Net-Zero Framework
Despite persistent attempts by some countries this week to dismantle key elements of the Net-Zero Framework (NZF) for global shipping, including removal of a carbon levy and decarbonisation fund, the framework has survived and is set to form the basis of further discussions.
Read MoreGlobal shipping carbon price in the crosshairs as countries debate future of Net-Zero Framework
Countries remain divided on what a Net-Zero Framework (NZF) for global shipping should look like, with some calling on Wednesday to scrap its carbon levy, and others to ditch any mechanism that collects revenue.
Read MoreIMO head calls for consensus on climate framework for shipping
The secretary-general of the UN’s maritime organisation, Arsenio Dominguez, wants to see “constructive and pragmatic exchanges” between countries during this week’s contentious negotiations on a global climate framework, and carbon price, for shipping, he said at the opening on Monday.
Read More