BRIEFING: UK hoping to avoid overlaps, disparity with EU ETS in Irish Sea shipping
The UK government is looking at how to avoid a disparity in carbon prices in the Irish Sea when it expands its ETS to the domestic maritime sector, according to officials.
Read MoreGabon launches sovereign carbon initiative with $17/t “contribution”, CORSIA-linked offsetting provisions
Forest-rich Gabon has launched a sovereign carbon initiative that will require air travel and shipping operators to pay a $17-per-tonne emissions “contribution” to cover some of their climate impact from journeys to and from the African country, as well as provisions linked to offsetting using CORSIA-eligible credits.
Read MoreFEATURE: More IMO member states align behind proposed GHG levy for shipping
The prospect of a global emissions levy on shipping is getting closer to reality, according to a recent briefing and document from the UN’s International Maritime Organization (IMO).
Read MoreSouth Korea to launch infrastructure fund for green marine fuel development
South Korea is planning an infrastructure fund worth one trillion won ($683 mln) to build an eco-friendly marine fuel supply chain by 2030.
Read MoreGabon to introduce carbon levy for air, maritime transport
Gabon will require air and maritime transport operators to pay a new ecological contribution tied to their carbon emissions, following the adoption of a decree by the Central African country’s government on Sunday.
Read MoreNew Danish carbon tax legislation to enter into force from 2025
Denmark is introducing a new tax on CO2 emitted by enterprises already covered in the EU Emissions Trading System (ETS), with an Emission Tax Act set to enter into force on Jan. 1, 2025.
Read MoreUS maritime emissions roadmap plans for sustainable fuel buildout
The US proposed a Sustainable Maritime Fuel (SMF) Grand Challenge to stimulate a faster decarbonisation transition for the US maritime sector, according to an action plan published jointly by four federal agencies.
Read MoreEU ETS revenues can help to scale up clean shipping and aviation fuels -analysis
Using just some of the revenues from taxing pollution from airplanes and ships could be used to cover the higher cost of lower-carbon fuels, according to analysis published on Monday.
Read MoreAsia Pacific shipping sector faces 100 Mt/year CCS challenge, report finds
Ships may have to transport some 100 million tonnes of CO2 annually between jurisdictions by mid-century, which will require huge advance efforts in terms of funding and other preparations, according to a report released Wednesday.
Read MoreWind-assisted vessels, LNG can lower green fuel costs for shipowners, insurer says
Shipowners can cut compliance costs under the EU’s new green shipping fuel regulation by using LNG-powered ships or wind-assisted propulsion, according to a new report by a global shipping insurer.
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