EU nations call to tweak how ETS is applied to shipping sector to avoid carbon leakage
Spain, backed by a number of EU countries, has proposed tweaking how the ETS is applied to the maritime sector to avoid carbon leakage, and urged the UN shipping body to adopt greenhouse gas emissions measures to avoid regulatory fragmentation.
Read MoreINTERVIEW: Behavioural analysis of EUA trading strategies needed as power sector decarbonises
Sector-specific trading strategies for EU carbon allowances will increasingly determine supply and demand balances as free allocations are phased out and Europe’s power sector contiues to decarbonise, according to a carbon analyst and financial modelling expert.
Read MoreINTERVIEW: Finnish paper giant sees rising demand for synthetic fuels to support CO2 capture
Rising demand for synthetic fuels in aviation and shipping to meet EU decarbonisation targets is driving plans to install carbon capture facilities at pulp and paper mills in the Nordics, with potential to capture about 12 million tonnes of biogenic CO2 annually.
Read MoreINTERVIEW: Loopholes are temporary, decarbonisation is forever for ships under EU ETS
The extension of the EU ETS to maritime shipping on Jan. 1 will not result in fee-dodging at a meaningful scale, or for a protracted period, keeping up a manageable pressure to decarbonise, two industry experts have told Carbon Pulse, despite fears to the contrary.
Read MoreTop UK ports see boost after EU ETS expansion to shipping
Three of the busiest ports in the UK, a strategic stopover for EU-bound ships to cut down on ETS liability, saw more units and tonnage in Q1 2024 relative to the same period in 2023 as the EU ETS extends to shipping, according to British government figures published Thursday.
Read MoreDemand uncertainty threatens European shipping e-fuel projects –NGO
Two-thirds of European green shipping fuel projects are at risk due to lack of certainty from investors, according to a new report.
Read MoreBrexit reduces EU ETS-liable distances for North Atlantic shipping routes by 24% -analysts
Brexit has reduced EU ETS-reportable sailing distances by liner services on the North Atlantic by 24% relative to a scenario in which the UK had stayed in the bloc, Danish shipping analysts have estimated.
Read MoreGreek shippers to face €1 bln European carbon bill, say analysts
Shipping firms based in Greece face EU ETS costs of €335 million this year, rising to €1 billion once the sector is fully integrated in the bloc’s carbon market, analysts said.
Read MoreBRIEFING: EUA price must hit €150/t to push ship owners to adopt greener fuel
EUAs need to be trading at least €150 per tonne to start incentivising ship owners to switch to biofuels in a subsidised environment, while the price would need to be markedly higher than that to ensure a shift to more expensive green fuels like ammonia or methanol, a freight manager told a conference Wednesday.
Read MoreFirst sea trials of slow steaming software for shipping industry sharply cut CO2 emissions
Two sea trials of a new slow steaming solution for the shipping industry have sharply cut CO2 emission levels, confirming earlier pilot programs, a shipping consortium announced this week.
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