Pricing the emissions of the international shipping industry could raise $100 billion/yr.
Keyword: IMO GHG Strategy/ Net Zero
IMO ponders new GHG policies, while shipping sector awaits low-carbon economic incentive
Global shipping regulators will soon have to decide whether and how to penalise the use of fossil fuel and whether and how to incentivise the use of greener fuel.
Decarbonisation storm hits global shipping
Sea trade is under massive pressure to change as the global population of 61,000 ships collectively weighing in at over 2.1 billion tons deadweight is responsible for over 3% of current CO2 emissions and still rising.
Hong Kong’s Marine Department to offer decarbonization incentive to HK registered ships
As announced in the budget speech delivered by Financial Secretary Paul Chan on 28 February, the Marine Department will this year and through to 2026, will offer cash incentives to registered ships based upon their carbon intensity performance.
Three rival camps pitch up at key IMO decarbonisation meeting
All eyes turn to a trio of ideas as the Marine Environment Protection Committee meets in London.
Concept Study to Offload Onboard Captured CO2 Key Findings and Executive Summary
The successful downstream integration of onboard captured CO2
in the carbon value chain hinges on the ability to capture, store
and offload industry-acceptable CO2 ashore.
IMO’s 2030 and 2040 GHG reduction targets now explicitly linked to fuel standard, whilst momentum builds on a universal GHG price (levy), but all options remain on the table
The Sixteenth Meeting of the Intersessional Working Group on Reduction of GHG Emissions from Ships has just concluded with some progress made on the finalisation of mid-term measures, and without a decisive shift in the landscape of positions and preferences. This meeting was the first convening of the IMO following the adoption of the Revised GHG Strategy in July 2023.
Shipping starts important negotiations on the road to climate goals
A proposal from Norway and others is causing concern in several camps ahead of this week’s meeting of the IMO’s climate committee.
Q&A: BV sees CCS use in shipping picking up
Carbon capture and storage (CCS) in shipping will likely become more common in the next few years as an interim decarbonisation measure for the maritime industry, along with its shift towards using cleaner fuels.
Opposing teams line up for next week’s MEPC
The eighty-first session of the Marine Environment Protection Committee (MEPC) will take place next week where the focus will be on developing legally-binding measures to ensure last year’s milestone agreement to phase out greenhouse gases (GHG) from shipping by 2050 is made possible.