carbon pricing

Maritime Nations To Chart Course for Net Zero Emissions by 2050, UN Chief

Credit: kevin-martin-jose–unsplash

The head of the United Nations called Monday for maritime nations to agree on a course for the shipping industry to reduce its climate-harming emissions to net zero by the middle of the century at the latest, reports Taiwan News.

New GHG strategy for shipping

The appeal by U.N. Secretary-General Antonio Guterres came at the start of a meeting of the International Maritime Organization in London that’s seen as key for helping achieve the international goal of...

https://mfame.guru/maritime-nations-to-chart-course-for-net-zero-emissions-by-2050-un-chief/

Laying Down the Law: The EU’s Carbon Pricing Challenge

Credit: Christian Lue/Unsplash

The International Maritime Organization is aware that a shift in direction is required in the shipping sector in order to address the climate catastrophe, as reported by EDF.

Short-term measures

By committing to the Initial Greenhouse Gas Strategy in 2018, which requires the shipping industry to reduce emissions by 50% by 2050, it formally recognized this.

Since then, there have been several agreements on short-term measures.

The EU countries have been an engaged and...

https://mfame.guru/laying-down-the-law-the-eus-carbon-pricing-challenge/

How can zero-emissions shipping be commercially viable?

The Getting to Zero Coalition released a report about how to make zero-emissions shipping commercially viable.

The Getting to Zero Coalition, with a goal to decarbonize the shipping industry, released a report Tuesday about how different policy measures could aid in making zero-emissions shipping commercially viable.

The World Economic Forum, the Global Maritime Forum and Friends of Ocean Action are members of the Getting to Zero Coalition. The report was created in partnership with maritime consultancy UMAS.

On its current path, projections estimate that shipping-related greenhouse gas emissions will...

https://www.freightwaves.com/news/how-can-zero-emissions-shipping-be-commercially-viable

Fuels Institute explores transportation decarbonization strategies

The Fuels Institute explored several decarbonization strategies for transportation.

A mixture of carbon pricing, biofuels, vehicle electrification and other initiatives will be needed to effectively decarbonize the transportation industry, according to Fuels Institute Executive Director John Eichberger.

The Fuels Institute released a report entitled “Impact of Transportation-Related Environmental Initiatives” in October that objectively compared the effectiveness and cost of different environmental initiatives and the impacts they have on energy consumers. Eichberger made his...

https://s29755.pcdn.co/news/fuels-institute-explores-transportation-decarbonization-strategies

Klaveness Proposes Carbon Levy of $250-300 per Tonne

  • Shipping company Klaveness Combination Carriers has lent its support to the idea of charging the shipping industry at the global level for its carbon emissions.
  • In a statement on its website last week, the company questioned whether current plans at the International Maritime Organization and European Union levels will be enough.
  • It pointed out whether the present plans are effective enough to increase the speed of the decarbonization of the shipping industry.

Klaveness Combination Carriers...

https://mfame.guru/klaveness-proposes-carbon-levy-of-250-300-per-tonne/

France calls for taxes on bunker fuel

The French government has called on the European Union to work on creating a tax on bunker and aviation fuel as part of its strategy for reducing carbon emissions and achieving a sustainable environment.

During a conference on October 15, the French Finance Minister Bruno Le Maire commented that taxes for carbon emissions should be implemented also to aviation and ships, not only to cars.

He added that the taxes would boost France’s and Germany’s goals on carbon neutrality, keeping in mind that...

https://safety4sea.com/france-calls-for-taxes-on-bunker-fuel/