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 …
Read more “EU lawmakers support the expansion of Europe’s carbon market to shipping as global talks are adrift “
Dear Secretary General Kitack Lim, We, the undersigned environmental organizations, respect and fully support the decision to postpone the 75th meeting of the IMO’s Marine Environment Protection Committee (MEPC), given the global imperative to contain and ultimately defeat the COVID-19 pandemic. We are grateful for the leadership of the World Health Organization and other United …
Read more “Open letter to IMO on moving work online”
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) …
Read more “High time the maritime sector sailed into the EU carbon market”
Voters put climate crisis firmly on EU agenda Dear friends, I am delighted to share with you a revamped Carbon Market Watch News. I hope you enjoy the new look, and easily find content that most interests you. I also look forward to receiving any feedback or suggestions! Last weekend, EU citizens turned up at the …
Read more “Carbon Market Watch Newsletter – May 2019”
A year after the UN’s shipping body agreed to cut emissions from the sector by at least 50% by 2050, a meeting of the International Maritime Organisation in London failed to deliver concrete measures to achieve this goal – a course that must be corrected at the next session. Carbon pricing will play an important …
Read more “Shipping must stay the course and agree on effective climate measures, including a pollution price”
Earlier this month, the 173 member countries of the UN’s International Maritime Organisation (IMO) agreed to cut emissions from ships by 50% below 2008 levels by 2050 and pursue efforts to phasing them out completely. An effective carbon price, combined with short-term operational and technical measures, will help unlock the huge potential for pollution-free shipping. …
Read more “Why we need a pollution price for shipping”