The EU preferred reaching a global solution to reel in shipping sector emissions but expressed its readiness to act if the International Maritime Organisation (IMO) did not take sufficient action. This occurred when the European Union decided to extend the EU’s Emissions Trading System (EU ETS) to take on board the shipping sector. This is due to enter into force in 2024.
When it comes to shipping in the EU, Carbon Market Watch focuses on:
The EU needs to navigate its shipping sector towards ambitious climate action
The EU needs to navigate its shipping sector towards ambitious climate action
The effective implementation of the EU ETS for shipping
Using EU ETS shipping revenue to help decarbonise the shipping sector and boost innovation
The EU steering climate negotiations at the IMO towards greater climate ambition
The European Commission’s Sustainable Transport Investment Plan (STIP) is a promising step towards promoting cleaner fuels in aviation and maritime transport. However, directing revenue from the EU Emissions Trading System towards these sectors should go hand in hand with expanding the EU ETS to cover all shipping and aviation emissions.
The International Maritime Organisation’s stalled Net-Zero Framework has the potential to shave a mere tenth off the carbon footprint of shipping by 2030, which is only a drop in the ocean of what the Paris Agreement requires, our latest study finds. Given the recent delay to the NZF and the framework’s weaknesses, it is up to individual countries and regional blocs to strengthen climate efforts
This CMW study and associated briefing finds that the International Maritime Organisation’s stalled Net-Zero Framework has the potential to shave a mere tenth off the carbon footprint of shipping by 2030 compared with the 43% required by the Paris Agreement.
The EU’s Emissions Trading System (EU ETS) is being expanded to cover shipping. But what does this involve and what does it mean for the maritime sector?
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
sam.vandenplas[at]carbonmarketwatch.org
jenny.helle[at]carbonmarketwatch.org
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