The European Union Emissions Trading System (EU ETS) is expanding to include the maritime sector as part of its efforts to reduce greenhouse gas emissions.
Keyword: MBM
Carbon calculators proliferate ahead of imminent EU ETS inclusion
With 26 days to go until shipping is included in the European Union Emissions Trading Scheme (EU ETS) brokers and tech firms are falling over
themselves to offer clients carbon calculators.
EU ports fret they will lose business because of CO2 tax
As often happens when bureaucracies impose their ideas on industries without really understanding the implications, an interesting situation is developing in Europe, or to be more precise within the European Union (EU).
2024 will be shipping’s decarbonisation reality check
There was no shortage of regulatory headlines in 2023 – with MEPC 80 adopting a revised GHG strategy, the IMO’s Carbon Intensity Indicator (CII) taking effect, and the EU formally extending the Emissions Trading System (ETS) to shipping, it was the year when the conversation on decarbonisation moved from concept to implementation.
Frontline: The question is whether the industry is ready for EU carbon quotas
Lars Barsad, CEO of the Oslo-listed tanker carrier Frontline, questions whether the industry is ready for the change that being
implemented in the EU’s carbon trading system, EU ETS, will bring.
Greening global trade, one container at a time
Promoting trade in environmental goods and low-carbon technologies can be a powerful tool to combat the climate crisis
Training seafarers for a decarbonized future
A new training project will prepare seafarers for zero or near-zero emission ships, helping the global shipping industry decarbonize and ensure a just transition for seafarers.
EU Emissions Trading System for Maritime Transport Explainied – Part 4 of 6
In the fourth article of our six-part series reviewing the changes introduced by the new EU rules set to apply from 1 January 2024, we look at the exclusions to the EU ETS, the penalties for non-compliance, and how the EU plans to address any attempts to avoid the new measures.
Tool helps shipping stakeholders identify best ports for developing sustainable first mover initiatives
Lloyd’s Register (LR) Maritime Decarbonisation Hub and Environmental Defense Fund (EDF), in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transition away from fossil fuels
Shipping: EU ETS Will Redefine Industry Standards
Shipping is about to enter a new period of structural reforms, as a
result of the implementation of the EU ETS across the industry, starting next year