BRIEFING: EU ETS, FuelEU set to hit some ships with two emissions prices
Ships participating in the EU Emissions Trading System (ETS) that have a deficient ‘compliance balance’ under the new FuelEU Maritime regulation will be hit with two potentially overlapping emissions levies, according to experts.
Read MoreMaritime biofuels risk causing environmental disaster, warn green groups
A group of 69 environmental NGOs have urged the International Maritime Organization (IMO) to cast off biofuels for decarbonising the shipping industry because of their potential impact on ecosystems and communities, as key talks kick off on Monday to address the sector’s climate impact.
Read MoreJapanese shipper sets up carbon insetting programme
Mitsui OSK Lines (MOL) on Wednesday launched a net zero alliance that will establish carbon insetting projects and generate environmental attributes certificates (EACs) from voyages that use its alternative fuels.
Read MoreBRIEFING: Global carbon market traded volume surges in 2024, valuation remains flat -analysts
Global carbon markets saw their value marginally rise to above €800 billion in 2024, according to annual research published by analysts, while traded volume jumped by almost 25% year-on-year amid buoyant activity across nearly all systems.
Read MoreFEATURE: EU shipping sector explores compliance options as new rules push up carbon costs in 2025
Shipping companies are grappling to find the best way to comply with the EU’s new fuel intensity regulation, as the sector’s exposure to carbon policies more than doubles this year, and biofuels emerge as the most popular option.
Read MoreLNG ships drive methane higher, as CO2 emissions also rise -EU agencies
Some progress has been made but reducing CO2 remains a challenge for European shipping, while the increased use of LNG-fueled vessels has led sectoral methane emissions to at least double in the past five years, a joint environmental study by two EU agencies found on Tuesday.
Read MoreAustralian port association releases first ever emissions guidelines for tricky sector
Ports Australia has released reporting guidelines for ports covering Scopes 1, 2, and 3 greenhouse gas emissions, a first of its kind in the country.
Read MoreS. Korean shipbuilder to develop ammonia gas turbine, targets carbon-free shipping
A shipbuilding major in South Korea has secured partnerships to develop what it claims to be the world’s first carbon-free propulsion system for ships.
Read MoreShipping’s early uptake of sustainable e-fuels impossible without emissions levy, modelling shows
Early uptake of sustainable e-fuels in the shipping sector will only take place if an e-fuel reward is introduced, with the revenue raised via carbon levy, new analysis has found.
Read MoreFEATURE: UK ETS can nudge shipping towards decarbonisation, but won’t suffice on its own
Adding shipping to the UK ETS could help push the sector towards decarbonisation — but there are concerns that the carbon price is still too low to make a dent and that it creates a patchwork of regulations in a market where international measures are also in the pipeline.
Read More
