Cap-and-trade

International shipping urges EU to address ship emissions via IMO

Global shipping industry bodies have expressed worries about the plan of the European Union to include the maritime sector in its Emissions Trading System.

BIMCO: risk of multiple systems

Shipowner body BIMCO has warned that if the European Union includes ocean shipping it its regional Emissions Trading System then “shipping risks getting hit by multiple emission trading systems which will make a global … Market Based Measure much more difficult to achieve”.

Instead, the EU should work with the...

https://shippingaustralia.com.au/international-shipping-urges-eu-to-address-ship-emissions-via-imo/

ILWU: Don’t blame labor for ports’ market share drop

California Gov. Gavin Newsom recently has received two written pleas to take action to prevent the state’s port industry from losing more market share. While the writers agree something must be done to stop the flow of business to ports on the East and Gulf coasts, they do not entirely agree on the causes of the loss. 

Fifty-two organizations led by the Pacific Merchant Shipping Association (PMSA) sent a letter to Newsom on Monday that said, in part, that importers began taking their business...

https://www.freightwaves.com/news/ilwu:-dont-blame-labor-for-ports-market-share-drop

Today’s Pickup: Clean truck programs may take a hit amid cap-and-trade decline

Good day,

Clean truck programs funded by California’s cap-and-trade program may take a hit as the coronavirus pandemic has limited fossil fuel activity that drives the pollution reduction program. Cap-and-trade, in effect since 2016,  limits the amount of carbon companies are allowed to emit, and allows businesses buy and sell pollution credits at an auction on a state-sponsored marketplace. But the latest auction, held in late May, produced only $25 million in revenue, down from the $600...

https://www.freightwaves.com/news/todays-pickup:-clean-truck-programs-may-take-a-hit-as-cap-and-trade-monies-decline

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