Tseles John
Council of the EU Adopts Position on the Net-Zero Industry Act confirming the Role of CCS
On 7 December 2023, the Council of the European Union (EU) agreed on its general approach on the Net-Zero Industry Act (NZIA), bringing...
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Tseles John
Dec 8, 20232 min read
BIMCO ADOPTS PORTFOLIO OF FOUR ETS CLAUSES
BIMCO’s Documentary Committee adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and...
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Tseles John
Nov 27, 20233 min read
Understanding the Impact of the Carbon Border Adjustment Mechanism on Businesses
The Carbon Border Adjustment Mechanism CBAM is an EU CO2 taxation mechanism to support decarbonization strategies and combat carbon...
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Tseles John
Nov 20, 20231 min read
Understanding BIMCO's Time Charter Clause for Emissions Trading Schemes (ETS)
The Emissions Trading System Allowances (ETSA) Clause 2022 for Time Charter Parties is available to download free of charge from BIMCO’s...
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Tseles John
Nov 18, 20232 min read
Unpacking the European Shortsea Network's Criticism of EU ETS in Light of Procopiou's Actions
There has been extensive speculation of the cost for shipping from the European Union’s Emissions Trading System. In Hecla Emissions...
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Tseles John
Nov 15, 20233 min read
Why Carbon Capture and Storage is Vital for Meeting Climate Targets in the EU
A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and...
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Tseles John
Nov 13, 20233 min read
The Impending Impact of Emission Regulations on European Shipping Industry
Ships carrying everything from consumer goods to food and fuel in and out of the European Union will soon face hefty emissions bills. The...
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Tseles John
Nov 13, 20233 min read
Challenges and Implications of ETS Payment: Who will shoulder the Cost?
The shipping industry is already in the process of entering a new era, through its inclusion in the EU’s Emissions Trading Scheme....
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Tseles John
Nov 9, 20232 min read
India's acceptance of EU's Carbon Emissions default values in CBAM
During the ongoing transition phase of the EU’s Carbon Border Adjustment Mechanism (CBAM), India is likely to accept the bloc’s default...
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Tseles John
Oct 14, 20232 min read
A global tax on carbon dioxide emissions is proposed by the IMF
The Fund notes that several countries are largely focusing their emissions reduction policy on public investments for the green...
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Tseles John
Oct 8, 20232 min read
Three German shipowners collaborate on EU ETS software solution
MPC Container Ships, Harren Group, and Zeaborn Ship Management have cooperated with Berlin-based firm zero44 to develop a new EU ETS...
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Tseles John
Oct 8, 20235 min read
Singapore develops carbon market and rules in parallel
A set of eligibility criteria was released on Wednesday to ensure that the carbon credits used by companies to offset part of their...
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Tseles John
Oct 5, 20233 min read
EU carbon border tax | Hydrogen and ammonia importers now have to report greenhouse gas emissions
Companies importing hydrogen and ammonia into the EU will now have to report their greenhouse gas emissions (both direct and indirect) to...
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Tseles John
Sep 17, 20232 min read
SSY introduces EU carbon market compliance service
London-based Simpson Spence Young (SSY) has launched a new service to secure carbon allowance procurement for clients ahead of shipping’s...
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Tseles John
Jul 11, 20232 min read
10 billion euros the annual cost of the EU ETS
According to Mr. Eirik Nyhus, Director Environment Maritime at DNV, the EU ETS will lead to additional costs for industry of...
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Tseles John
May 22, 20232 min read
ESPO welcomes the EU ETS
ESPO welcomes the EU ETS, pointing out, however, the risk of ships not "calling" at EU ports to avoid the payments provided for by the...
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Tseles John
May 22, 20233 min read
Τhe European Parliament decided Companies will buy allowances for ships’ emissions
Shipping companies will be able to buy allowances for 100% of ship emissions for voyages within the European Union and for 50% of ship...
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