Tag: carbon pricing

A consortium of maritime organizations introduced the world’s first Carbon Insetting Program for Zero Emission Shipping.

The Nairobi Declaration, signed by 20 African countries last week at the Africa Climate Summit in Nairobi, calls for new global taxes to fund their climate change action and adaptation, a move that could dramatically shift the balance of country positions at the IMO.

Nothing can stop shipping paying for its carbon emissions, but the industry can plan for coming changes, writes Panos Koutsourakis, Vice President, Global Sustainability, ABS

In an exclusive interview to SAFETY4SEA, Mr. Øistein Jensen, Chief Sustainability Officer at Odfjell SE, explains how shipping can play its role to mitigate climate change, highlighting the importance of improving the energy efficiency of all shipping operations.

A new research report by ABS, explores in-depth the potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen and carbon value chains.

A new World Bank report looks at various options for implementing carbon pricing in the shipping industry and explores how carbon revenues could  be used to enable an effective and equitable energy transition in and beyond the sector.

The French government has called on the European Union to work on creating a tax on bunker and aviation fuel as part of its strategy for reducing carbon emissions and achieving a sustainable environment. The French Finance Minister Bruno Le Maire commented that taxes for carbon emissions should be implemented also to aviation and ships, not only to cars. 

BG Group has joined the World Bank Carbon Pricing Leadership Coalition (CPLC), an initiative which supports carbon pricing systems and policies.

 Drawing on experiences with carbon pricing initiatives around the world, new research lays out principles for governments and businesses to develop successful and cost-effective schemes to put a price on social costs of greenhouse gas emissions.The research by the World Bank Group, the Organisation for Economic Co-operation (OECD), with input from the International Monetary Fund, says that well designed carbon pricing schemes are a powerful and flexible tool that can cut emissions causing climate change. At the same time, a new World Bank Group report, State and Trends of Carbon Pricing 2015, shows the number of implemented or planned carbon pricing schemes around the world has almost doubled since 2012, and is now worth about $50 billion.“The world needs to find effective ways to reduce carbon pollution,” said World Bank Group President, Jim Yong Kim.“We must design the best ways to price carbon in order to help cut pollution, improve people’s health, and provide governments with a pool of funds to drive investment in a cleaner future and to protect poor people.”“With COP21 fast approaching, the need for meaningful carbon policies is more important than ever. Carbon pricing is central to the quest for a cost-effective transition towards zero net emissions in ...