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Shipping is not the problem. Update of the EU ETS free allocation rules
The EU Emissions Trading System (ETS) is one of the core EU instruments that will drive the decarbonisation of European industry and help...
Tseles John
Jan 5, 20244 min read
EU funds Member States with extra €2 billions of ETS revenues via the Modernisation Fund - Greece benefits during 2024
Under the Modernisation Fund, €2.17 billion disbursed in 20-12-2023, to help modernise the energy systems in nine Member States through...
Tseles John
Jan 2, 20242 min read
Emissions Trading System (ETS) in shipping. A quick guidance.
On 14 July 2021, the European Commission proposed adding maritime transport to the European Union Emissions Trading System (ETS) to align...
Tseles John
Dec 23, 20234 min read
The Hidden Costs of the EU ETS Scheme
With two weeks until its implementation, analysts at Clarksons Research have produced data to show the costs of the European Union...
Tseles John
Dec 18, 20231 min read
Connecting Europe Facility: Nearly €600 million for energy infrastructure
EU Member States have endorsed a Commission proposal to invest €594 million of EU funds in eight cross-border energy infrastructure...
Tseles John
Dec 14, 20233 min read
Council of the EU Adopts Position on the Net-Zero Industry Act confirming the Role of CCS
On 7 December 2023, the Council of the European Union (EU) agreed on its general approach on the Net-Zero Industry Act (NZIA), bringing...
Tseles John
Dec 14, 20231 min read
BIMCO ADOPTS PORTFOLIO OF FOUR ETS CLAUSES
BIMCO’s Documentary Committee adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and...
Tseles John
Dec 8, 20232 min read
Understanding the Impact of the Carbon Border Adjustment Mechanism on Businesses
The Carbon Border Adjustment Mechanism CBAM is an EU CO2 taxation mechanism to support decarbonization strategies and combat carbon...
Tseles John
Nov 27, 20233 min read
Understanding BIMCO's Time Charter Clause for Emissions Trading Schemes (ETS)
The Emissions Trading System Allowances (ETSA) Clause 2022 for Time Charter Parties is available to download free of charge from BIMCO’s...
Tseles John
Nov 20, 20231 min read
Unpacking the European Shortsea Network's Criticism of EU ETS in Light of Procopiou's Actions
There has been extensive speculation of the cost for shipping from the European Union’s Emissions Trading System. In Hecla Emissions...
Tseles John
Nov 18, 20232 min read
Why Carbon Capture and Storage is Vital for Meeting Climate Targets in the EU
A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and...
Tseles John
Nov 15, 20233 min read
The Impending Impact of Emission Regulations on European Shipping Industry
Ships carrying everything from consumer goods to food and fuel in and out of the European Union will soon face hefty emissions bills. The...
Tseles John
Nov 13, 20233 min read
Challenges and Implications of ETS Payment: Who will shoulder the Cost?
The shipping industry is already in the process of entering a new era, through its inclusion in the EU’s Emissions Trading Scheme....
Tseles John
Nov 13, 20233 min read
India's acceptance of EU's Carbon Emissions default values in CBAM
During the ongoing transition phase of the EU’s Carbon Border Adjustment Mechanism (CBAM), India is likely to accept the bloc’s default...
Tseles John
Nov 9, 20232 min read
A global tax on carbon dioxide emissions is proposed by the IMF
The Fund notes that several countries are largely focusing their emissions reduction policy on public investments for the green...
Tseles John
Oct 14, 20232 min read
Three German shipowners collaborate on EU ETS software solution
MPC Container Ships, Harren Group, and Zeaborn Ship Management have cooperated with Berlin-based firm zero44 to develop a new EU ETS...
Tseles John
Oct 8, 20232 min read
Singapore develops carbon market and rules in parallel
A set of eligibility criteria was released on Wednesday to ensure that the carbon credits used by companies to offset part of their...
Tseles John
Oct 8, 20235 min read
EU carbon border tax | Hydrogen and ammonia importers now have to report greenhouse gas emissions
Companies importing hydrogen and ammonia into the EU will now have to report their greenhouse gas emissions (both direct and indirect) to...
Tseles John
Oct 5, 20233 min read
SSY introduces EU carbon market compliance service
London-based Simpson Spence Young (SSY) has launched a new service to secure carbon allowance procurement for clients ahead of shipping’s...
Tseles John
Sep 17, 20232 min read
10 billion euros the annual cost of the EU ETS
According to Mr. Eirik Nyhus, Director Environment Maritime at DNV, the EU ETS will lead to additional costs for industry of...
Tseles John
Jul 11, 20232 min read
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