The European Commission has taken the first concrete step towards operationalizing the Carbon Removals and Carbon Farming (CRCF) Regulation, adopting a piece of legislation that paves the way for future development. The Commission has adopted the Implementation Regulation, which sets clear roles, responsibilities, and rules around the certification of carbon removals and carbon farming units, underscoring the importance of transparency and credibility for these operations.  I

Independent analysis reveals regulatory and economic barriers could leave the EU 40% below 2030 underground carbon storage targets. The European Union’s ambitious carbon storage targets under the Net Zero Industry Act (NZIA) are unlikely to be met, according to new research from Wood Mackenzie.  The study, commissioned by ExxonMobil , OMV Petrom , Shell , and TotalEnergies , but conducted independently, finds that Europe’s available CO2 injection capacity by 2030 will reach o

SHUTTERSTOCK archive photo The agreement, which calls for zero greenhouse gas emissions by 2050, was opposed by the US, while Greece, like Cyprus, had previously expressed serious reservations. The vote by members of the International Maritime Organization (IMO) on the proposed new net zero carbon emissions framework (IMO Net Zero Framework – NZF), supported by the European Union, China and other states, has been postponed for a year . The decision came out, during the Inter

source: EU The European Commission has identified the need to scale up and invest in clean energy infrastructure and technologies, such...

Prinos offshore facility The greek government is eyeing the Recovery Fund deadlines and in the face of the existing risk of derailing the...

A group of leading shipping companies, including major Greek interests, are calling in a joint statement for changes to a United Nations...

source: WSC European maritime policy is at a critical juncture, as the debate on the harmonisation of the European Emissions Trading...

The European Commission is preparing to unveil a proposal by the end of 2025 that would shield EU exporters in high-emissions...

The British Compressed Gases Association (BCGA) will explore how the EU’s new Carbon Border Adjustment Mechanism (CBAM), often referred...

The EU is on track to cut its net greenhouse gas emissions by 54% from 1990 levels by 2030, just short of its legally binding 55% target,...

source: imo.org The IMO finally agreed past Friday, on the first binding targets for shipping to reduce greenhouse gas emissions from...

A group of the world's largest and most important shipowners has expressed "serious concern" about the direction of talks at the IMO...

photo: courtesy of IMO The International Maritime Organization ( IMO ) is on the cusp of implementing the world’s first global emissions...

source: imo.org Thirteen additional countries supported a global carbon levy on shipping at the International Maritime Organization (IMO)...

INTERTANKO managing director Tim Wilkins. Photo Splash247 INTERTANKO managing director Tim Wilkins has highlighted significant...

Photo: Prinos Greece The European Commission asks Greece to take faster steps in carbon storage. The European Commission sends the...

'' ATTENTION: The Parties may wish to consider whether it is necessary to make amendments to the existing Charter Party to reflect the...

This week, the EU Council made history by greenlighting a regulation that enables the establishment of the first official EU-level...

“I don’t see any reasons for a delay,” Ieta’s EU policy director, Julia Michalak, told Montel in an interview. “There are a number of...

As the maritime industry works towards decarbonisation, International Maritime Organisation (IMO) is driving the advancement of...