Tseles John
Carbon price fall deprives Europe's green funds of billions
A drop in the European Union's carbon price this year could mean that a fund intended to be among the world's biggest schemes for new...
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Tseles John
Apr 211 min read
EU Shipping Emissions Report by The Signal Ocean
According to The Signal Ocean EU Shipping Emissions Report, published on April 18, 2024, a new parameter is taken into consideration in...
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Tseles John
Apr 182 min read
Investor launches energy transition ETF targeting carbon markets
Legal & General Investment Management (LGIM) has expanded its commodities range with the launch of an energy transition ETF. The L&G...
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Tseles John
Apr 172 min read
EU considers bringing emissions removal credits into carbon market
The European Union is looking into whether to bring emissions removal credits into its carbon market, a move that could reopen the market...
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Tseles John
Apr 113 min read
Why carbon offsetting should die out but healthy carbon markets should live on
The Oxford Offsetting Principles, first published in 2020, have become “flagship guidance on credible and net zero aligned carbon...
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Tseles John
Apr 102 min read
Global 2023 carbon trading revenues grew to $74 bln according to ICAP
Global revenues from the sale of carbon permits in emissions trading systems (ETS) grew to a record $74 billion last year, as governments...
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Tseles John
Apr 83 min read
Beaumarine's insights about running a shipping pool under the EU - ETS transition
With vessels over 5,000 gross tons required to monitor, report, and verify their CO2 emissions for voyages linking EU and European...
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Tseles John
Apr 72 min read
Record reduction of 2023 ETS emissions due largely to boost in renewable energy
Last year’s emissions under the EU’s Emission Trading System (ETS) show the most significant annual emissions reductions since the ETS...
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Tseles John
Apr 42 min read
Europe’s industry and power sector emissions plunge 15% in 2023
The EU’s emissions trading scheme sectors, industry and power, saw emissions drop by 15% in 2023, putting them on track for their 2030...
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Tseles John
Mar 273 min read
OceanScore identifies EU ETS best practice to tackle ‘strategy gaps’ on compliance
Many shipping companies are still striving to define their strategy for EU ETS compliance some 90 days after implementation of the...
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Tseles John
Mar 255 min read
The EU’s double counting problem
Motivated by a desire to keep down the cost of achieving its climate targets, the EU has failed to rule out the double counting of...
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Tseles John
Mar 242 min read
Shipping: About 60 countries support the proposal to impose a levy on ship emissions
A global carbon tax is a more efficient and simpler solution than an emissions trading system.
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Tseles John
Mar 212 min read
UK opens public consultation on carbon border tariff design
Britain has launched a consultation on how it should apply a new carbon import levy on some products from 2027 to help to protect...
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Tseles John
Mar 173 min read
IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard
The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some progress...
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Tseles John
Mar 133 min read
OceanScore declares that Shipping’s EU ETS costs could nearly triple due to Red Sea crisis
The Red Sea shipping crisis could result in nearly tripled costs for shipping companies in 2024 due to significantly higher exposure to...
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Tseles John
Mar 122 min read
German shipowners want clarity from Berlin on carbon trading
German shipowners' group VDR on Tuesday urged the Berlin government to provide legislation implementing European Union requirements to...
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Tseles John
Mar 122 min read
Greenhouse gases: The EU's high CO₂ import tax has problems
Few European companies complied with an early deadline to report their carbon-intensive imports, underscoring the challenge of EU efforts...
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Tseles John
Mar 103 min read
Ships and ports will be crucial in achieving EU climate goal
The Commission estimates that 280 million tons of CO2 will need to be captured to meet the ambitious 90 % greenhouse gas emission...
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Tseles John
Mar 62 min read
Asian shipping companies to face over €1 bln in emissions costs under new EU regulations
Asian shipowners are set to incur emissions liabilities exceeding €1 billion due to the complete implementation of the EU Emissions...
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Tseles John
Mar 42 min read
EU wants fossil fuel industry to pay towards climate change fight in poor countries
The EU is set to call for the fossil fuel industry to help pay for fighting climate change in poor countries under a UN target, a draft...
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