INTERVIEW: Liberia’s shipping, aviation carbon levy is voluntary and not additive, top official stresses
Liberia last month provoked backlash when it announced it would create a compliance mechanism charging $25 per tonne of CO2 to maritime and aviation operators – but this mechanism has been misunderstood and will be revised to remove sensitivities, according to a top official.
Read MoreAustralian low-carbon fuels company raises A$10 mln
An Australian low carbon liquid fuels (LCLF) company has closed its Series A funding, having raised A$10 million ($7.1 mln), it announced Wednesday.
Read MoreBRIEFING: Global carbon markets’ value lowest since 2021, year ahead critical -report
Global carbon markets contracted in 2025, with their total value falling to €791 billion, the lowest since 2021, analysts’ calculations have found, with 2026 now seen as a pivotal year for setting the long-term direction of the sector.
Read MoreUK emissions fell 3% in 2024 as power and industry continue slump
UK emissions fell to 373 million tonnes of CO2e in 2024, a 3% decrease year-on-year, as official data released Thursday showed how sectors’ trajectories continued to significantly diverge.
Read MoreLiberia walks back on plans to impose carbon levy on ships entering its ports
The Liberian government “does not, and will not” plan to impose a carbon levy on international ships entering its ports, it said in a rebuttal to the news last week that it would introduce the non-market mechanism.
Read MoreUK Parliament committee backs expanding ETS to domestic maritime
A UK Parliament committee, set up to scrutinise government policy decisions, said it was generally supportive of including domestic maritime in the country’s Emissions Trading System (ETS), during a debate held Tuesday, though heard strong opposition from lawmakers representing Northern Ireland and the Isle of Wight.
Read MoreScotland prefers to exclude regional maritime, fishing from UK ETS
Scotland’s preferred approach to expanding the UK’s Emissions Trading System (ETS) to maritime would be to grant exemptions for island ferries, fishing, and state maritime activity, according to the country’s latest impact assessment.
Read MoreJapanese shipping major joins Norway’s flagship CCS project
A Japanese shipping major will participate in Norway’s flagship carbon capture and storage project through the signing of long-term charter contracts, it announced Friday.
Read MoreLiberia to impose carbon cost on shipping, aviation from March
Liberia is set to impose a carbon price on shipping and aviation operators in the country with a new non-market compliance mechanism inspired by the EU ETS, it announced this week.Â
Read MoreUp to 30% of nations’ domestic emissions reductions offset by carbon leakage, review shows
Carbon leakage has been estimated to offset between 5-30% of domestic emissions reductions in most recent studies, according to a new review that proposes a framework for analysing the spillover effects of mitigation efforts.
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