The European Parliament’s draft report by MEP Peter Liese on revising the EU’s Emissions Trading System fails to strengthen the scheme’s climate targets while opening up multiple routes to hand out more free emission allowances and offer offsets, enabling heavy industries to profit from their pollution. German Christian Democrat MEP Peter Liese has released his …
Read more “European Parliament’s proposed carbon market revamp a licence for industry to pollute”
This week’s talks at the International Maritime Organisation’s (IMO) Marine Environment Protection Committee (MEPC) must chart a speedy and ambitious course towards zero-emissions shipping. Today (22 November), the International Maritime Organisation’s (IMO) Marine Environment Protection Committee (MEPC) hit the waves again – but, this time, with potential rays of hope on the horizon. Momentum is …
Read more “Rocking the boat on shipping emissions”
Submitted by the Clean Shipping Coalition (of which Carbon Market Watch is a member), this document summarises the key principles that any market-based measure (MBM) agreed at the International Maritime Organisation (IMO) level needs to follow in order for it to be a fair and effective tool for contributing to the decarbonisation of international shipping.
A global shipping pollution price on the horizon As other industries have started paying for their pollution, the maritime sector has been let off the hook. Without urgent action, its emissions are set to rise well into the next decade. This trend goes against the Paris Agreement climate targets and the UN shipping agency’s IMO’s …
Read more “Carbon Market Watch Newsletter – March 2021”
Introduction Discussions and negotiations on carbon pricing for the international maritime sector are starting to pick up steam again at the International Maritime Organisation (IMO). This is an opportunity to finally get urgently needed, meaningful global climate regulation for this international sector. The maritime sector is the last emitting sector globally not to be covered …
Read more “Sailing towards a global carbon price in the maritime industry?”
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 …
Read more “A global pollution price for ships is back on the agenda – here’s how to get it right”
This opinion piece was first published on Splash247 on 22 March “Carbon-neutral” liquefied natural gas (LNG) is the new kid on the block when it comes to fake climate credentials. The number of deals across the world is growing at an alarming pace. This greenwashing trend is wrong at many levels. First, let it be …
Read more “From pipeline to pipe dream: why there’s no such thing as shipping carbon-neutral LNG “
Dear Vice President Timmermans, Commissioner Valean, Commissioner Simson, Commissioner Breton We, the signatories, write to express our support for the goals of the European Green Deal for shipping and aviation, notably the objectives to deploy sustainable alternative fuels/energy via a dedicated Fuel EU Maritime and ReFuelEU Aviation initiatives. Maritime and aviation transport are important parts …
Read more “Joint letter to the European Commission on sustainable fuels”
‘Carbon removals’ must be approached with caution Carbon removals are becoming a hot topic and are also rising up on the EU’s policy-making agenda. There is no denying that we will need to suck CO2 pollution from the atmosphere over the course of this century to avert the worst impacts of the climate crisis. But …
Read more “Carbon Market Watch Newsletter – November 2020”
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 “
