Lawmakers greenlight plans to harmonise EU carbon accounting rules for transport
Members of the European Parliament gave the thumbs up Monday evening to draft plans for harmonising the way transport emissions are counted in the EU, with a final agreement with member states not expected until after the June European elections.
Read MoreKorean shipbuilding giant eyes onboard carbon capture systems
One of the world’s largest shipbuilders has built an alliance to develop onboard carbon capture systems (OCCS) as part of its decarbonisation plan, with a pilot project set to be launched next year.
Read MorePREVIEW: Transport carbon accounting rules set for key EU vote
Lawmakers in the European Parliament are voting on Monday a proposal to harmonise the way carbon emissions from transport are counted across the EU, with debates focusing on the choice of methodology and whether to include emissions from international freight.
Read MoreIdle ships at anchor to earn voluntary carbon credits under new Gold Standard methodology
Idle ships at anchor around the globe will be able to earn carbon credits under a new methodology approved by Gold Standard.
Read MoreShips hungry for biofuel to reduce EUA buying with break-even point from next year, say analysts
The break-even point between the cost of biofuels and EUAs for the shipping sector is likely to occur as soon as next year, as purchasing greener alternatives to petroleum products becomes cheaper than the cost of carbon permits, according to market analysts.
Read MoreOil majors join initiative to tackle ‘methane slip’ from fuelled vessels
Two oil and gas majors and a gas shipping company have joined an initiative aimed at improving technologies to measure and mitigate methane emissions from the maritime sector, in an effort to reduce pollution from the use of LNG as a fuel.
Read MoreAsian fleet faces 20 Mt/year EU carbon allowance bill once shipping is phased into ETS
The 4,000-strong Asian-flagged shipping fleet that keeps goods flowing from east to west will need to surrender around 20 million EU Allowances (EUAs) a year to cover its emissions once the maritime sector is fully included in the trading bloc’s Emission Trading System (ETS), research finds.
Read MoreJapanese trading house to subsidise low-friction paint for maritime decarbonisation
A major trading house in Japan has launched a performance-based payment scheme that encourages the use of anti-fouling paint for ship bottoms with the view of driving down emissions in the shipping sector, it announced Wednesday.
Read MoreStringent maritime targets urgently needed to align with IMO strategy -report
International shipping targets would need to be “very stringent right from the start”, to align with the International Maritime Organisation (IMO) strategy and reach net-zero emissions by 2050, according to a report released Thursday.
Read MoreJapanese shipping firm completes blockchain-backed insetting pilot
A Japanese shipping giant has carried out an insetting pilot featuring the tokenisation of emissions reductions as part of a broader target to decarbonise its supply chain, it announced Thursday.
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