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German shipowners want clarity from Berlin on carbon trading
German shipowners' group VDR on Tuesday urged the Berlin government to provide legislation implementing European Union requirements to...
Tseles John
Mar 12, 20242 min read
Greenhouse gases: The EU's high CO₂ import tax has problems
Few European companies complied with an early deadline to report their carbon-intensive imports, underscoring the challenge of EU efforts...
Tseles John
Mar 12, 20242 min read
Ships and ports will be crucial in achieving EU climate goal
The Commission estimates that 280 million tons of CO2 will need to be captured to meet the ambitious 90 % greenhouse gas emission...
Tseles John
Mar 10, 20243 min read
Asian shipping companies to face over €1 bln in emissions costs under new EU regulations
Asian shipowners are set to incur emissions liabilities exceeding €1 billion due to the complete implementation of the EU Emissions...
Tseles John
Mar 6, 20242 min read
EU wants fossil fuel industry to pay towards climate change fight in poor countries
The EU is set to call for the fossil fuel industry to help pay for fighting climate change in poor countries under a UN target, a draft...
Tseles John
Mar 4, 20242 min read
Turkey and Europe join up to promote carbon trading
The European Energy Exchange (EEX) and Turkish energy bourse Enerji Piyasalari Isletme A.S (Epias) have signed a memorandum of...
Tseles John
Mar 4, 20241 min read
EU ETS price slump: The spectre of oversupply haunting Europe
The recent drop in prices on the EU’s Emissions Trading System (EU ETS) threatens to slow industrial decarbonisation and to deprive state...
Tseles John
Mar 3, 20244 min read
ADB study indicates that EU carbon border tax - CBAM will do little to cut emissions
A European Union plan to impose tariffs on high-carbon imports could hurt developing countries in Asia but is unlikely to lead to big...
Tseles John
Feb 27, 20242 min read
EU Co-legislators Reach Provisional Agreement on the World’s First Certification Framework for Carbon Removals
On 20 February, the Council of the EU and the European Parliament reached a provisional agreement on a regulation establishing a...
Tseles John
Feb 22, 20242 min read
Europe agrees voluntary framework for carbon removals
The European Commission has welcomed the provisional agreement between the European Parliament and the Council on the first EU-wide...
Tseles John
Feb 20, 20242 min read
INTERTANKO about EU ETS Charterparty Considerations (guide)
On 10 May 2023, the European Union adopted the 2023 amendments to the EU ETS Directive 2003/87/EC establishing a system for greenhouse...
Tseles John
Feb 16, 20242 min read
The EU trusts fossil fuel companies to help clean up carbon
In a new plan released on Tuesday (06/02/2024), Brussels confirmed it is investing in some of the world's biggest polluting companies to...
Tseles John
Feb 14, 20243 min read
Ship pools may be the key to saving millions in EU ETS payments
As the EU ETS standards set in, classification society Lloyd’s Register (LR) has released a report illustrating some of the ways...
Tseles John
Feb 14, 20242 min read
The list of Administering Authorities under EU ETS by LR
In 05-02-2024 Lloyd's Register published the 05/2024 publication about The list of Administering Authorities under EU ETS by LR:...
Tseles John
Feb 12, 20243 min read
EU highlights carbon capture in new Carbon Management Strategy
A new strategy released by the European Union (EU) has outlined the potential role that carbon capture technologies could play in...
Tseles John
Feb 7, 20243 min read
Commission Recommends 90% Reduction in Shipping GHG Emissions by 2040
European Commission Recommends 90% Reduction in Shipping GHG Emissions by 2040. The target, which includes shipping, was set in the...
Tseles John
Feb 7, 20241 min read
The EU Carbon Border Adjustment Mechanism (CBAM)
As of October 1, 2023, the transitional phase of the EU’s Carbon Border Adjustment Mechanism (CBAM) has started. It complements the...
Tseles John
Jan 29, 20245 min read
EUAs for EU-ETS compliance drop below €60/mt CO2e
The price of EU Allowances (EUAs) used for compliance with the European Union's emissions trading system has dropped significantly at the...
Tseles John
Jan 24, 20244 min read
EU extends its ETS to the maritime sector
On 1 January 2024, the EU extended the coverage of its ETS to incorporate the maritime sector, as part of the broader EU ETS reform that...
Tseles John
Jan 23, 20242 min read
EU has a long way ahead to meet Net Zero exploiting Carbon Removals
The European Union must raise significantly emissions capture and removals to meet its target to become a carbon-neutral bloc by 2050,...
Tseles John
Jan 14, 20242 min read
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