A charge on emissions for cargo vessels would become the first global carbon price, but disagreements on system design and starting prices remain
Keyword: MBM
IMO analyzing 20 scenarios of how a levy will impact shipping
Secretary general Arsenio Dominguez says IMO is on track scrutinizing how a levy on carbon emissions will impact shipping, trade and economies of entire nations
Shipping emissions under the European Union Emissions Trading System
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.
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.
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.
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.
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
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
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.