With the clock ticking, shipping companies face challenges and opportunities under the EU’s landmark regulation. On January 1, 2025, the European Union’s FuelEU Maritime regulation will officially take effect, ushering in a…
https://gcaptain.com/fueleu-maritime-countdown-industry-braces-for-2025-green-fuel-mandate/
By Jack Wittels, Yongchang Chin and John Ainger (Bloomberg) — Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy…
https://gcaptain.com/global-shippings-3-6-billion-carbon-bill-is-just-six-weeks-away/
The cost of fuel in shipping’s energy transition will increase along with compliance costs, according to an executive at Yara Marine Technologies. The inclusion in shipping in EU carbon market…
https://gcaptain.com/shipping-industry-faces-rising-fuel-costs-from-energy-transition/
The UK Emissions Trading Scheme (ETS) Authority has recently unveiled a series of reforms aimed at strengthening emission limits for industrial, power, and aviation sectors starting from 2024. These reforms…
https://gcaptain.com/uk-adds-maritime-transport-to-emissions-trading-scheme/
Platts, part of S&P Global Commodity Insights, has announced the launch of daily carbon-accounted container freight assessments on 10 key routes from March 1, 2023—a move aimed at providing more transparency into the developing market for carbon emissions in shipping. The new assessments will reflect the additional cost required to offset 100% of the carbon dioxide emissions from ships through the European Union’s Emissions Trading System (ETS). In other words, the assessments aim to provide...
https://gcaptain.com/platts-launches-carbon-accounted-assessments-for-container-shipping/
By Ewa Krukowska and John Ainger (Bloomberg) — The European Union reached an agreement to strengthen and expand its flagship carbon market, endorsing the centerpiece of the Green Deal strategy that…
https://gcaptain.com/eu-reaches-landmark-deal-to-strengthen-carbon-market/
European shipowners are welcoming this week’s provisional agreement to include maritime shipping in the EU carbon market, which will force vessels to pay for their share of global warming emissions….
https://gcaptain.com/european-shipowners-welcome-deal-to-include-shipping-in-eu-carbon-market/
The World Shipping Council, representing the international liner shipping industry, has issued a response to the preliminary agreement by the European Parliament, Council and Commission to include the maritime sector…
By Kate Abnett BRUSSELS, Nov 30 (Reuters) – The European Union has agreed to add shipping to its carbon market for the first time, forcing vessels to pay for their planet-heating emissions and increasing pressure…
https://gcaptain.com/eu-strikes-deal-to-include-shipping-in-its-carbon-market/
Carbon markets industry group the International Emissions Trading Association has dismissed suggestions that the EU Emissions Trading System should be suspended temporarily due to the energy price crisis, reports Platts.
The comments follow recent statements by Poland’s climate and environment minister calling for the EU carbon market to be suspended until it is reformed.
Need for a...https://mfame.guru/suspension-of-eu-carbon-market-not-feasible-says-ieta/