News & Press

Press release
27 Apr 2021

Shipping industry U-turn on carbon pricing long overdue

27 April 2021 – The shipping industry’s leading global lobby group the International Chamber of Shipping (ICS) last week ended its years-long opposition to carbon pricing.  It is imperative now that ICS and other sponsors should withdraw their IMRB proposal to allow time for discussion on carbon pricing, and support the far more serious and…

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Opinion
By Wijnand Stoefs on 25 Mar 2021

A global pollution price for ships is back on the agenda – here’s how to get it right

A worldwide shipping carbon pricing scheme must reduce pollution fast, finance technologies that reduce more emissions, and support countries most impacted by climate change. It must not include offsetting nor be allowed to weaken national or regional measures. The global shipping sector is still not paying for the climate damage it is causing. While carbon…

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Opinion
By Kaisa Amaral on 26 Nov 2020

UN shipping body torpedoes its own climate strategy

As the global efforts to cut CO2 pollution from ships hit the wall, regions and countries must step up. In Europe, work to bring the sector under the bloc’s carbon market is ongoing, but slowing down.  Earlier this month, the UN shipping agency International Maritime Organisation (IMO) approved a draft plan to cut CO2 pollution…

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Press release
By Kaisa Amaral on 15 Sep 2020

EU lawmakers support the expansion of Europe’s carbon market to shipping as global talks are adrift 

BRUSSELS, 15 September 2020. The European Parliament has voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as a strong signal towards the UN shipping body that is…

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Press release
By Kaisa Amaral on 7 Jul 2020

Shipping pollution should be covered by Europe’s carbon market – EU lawmakers

BRUSSELS, 7 July 2020.  European Parliament environment committee members have voted to extend the EU carbon market to cover international shipping, to establish a maritime decarbonisation fund and to set a mandatory reduction target for the carbon intensity of shipping. Carbon Market Watch welcomes the decision as the first step towards putting a price on…

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Opinion
By Kaisa Amaral on 14 May 2020

Lead EU lawmaker’s strong call for climate action

4 key takeaways from MEP Guteland’s draft EU Climate Law report The lawmaker in charge of the EU Climate Law at the European Parliament proposes that the EU adopts a 65% emission target for 2030 and carbon budgets in line with the latest scientific data. She also calls on all EU governments to endorse the…

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Opinion
By Wijnand Stoefs on 27 Feb 2020

High time the maritime sector sailed into the EU carbon market

The EU is considering putting a price on carbon pollution from ships in the absence of movement in the international talks. While not enough to curb the sector’s soaring emissions, bringing it under Europe’s carbon market would be a big step in the right direction. Right now finding the solutions to cut greenhouse gas (GHG)…

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Opinion
By Gilles Dufrasne on 20 Jan 2020

International carbon markets at the frontier to the wild west

The failure to agree on rules for international carbon markets at COP 25 has been a victory for some and a disaster for others. Looking at it pragmatically, it was very much a “disaster averted” outcome since the rules on the table would have legitimised the use of markets riddled with loopholes. Far from ideal,…

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Opinion
By Kaisa Amaral on 5 Dec 2019

4 reasons why only new, good (!) projects should be funded under Article 6

Originally published in Carbon Markets at COP25 blog on 2 December 2019 Starting today and continuing over the coming days, we’ll break the issue down into four key elements that could make or break the future carbon market schemes. One of the thorniest issues is the question of whether or not the old credits from…

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