Tag: Emissions Trading System (ETS)

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What the EU ETS means

This animation video, produced by the European Parliament, explains how the EU’s Emissions Trading System works with the aim to discourage industries from emitting CO2 by making it cheaper to go green. However, due to the financial crisis, some modification have been made.

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Interview with Edmund Hughes, IMO

Dr. Edmund Hughes, Head of Air Pollution and Energy Efficiency, Marine Environment Division of International Maritime Organization (IMO), talks about IMO’s efforts to combat GHG emissions from shipping, highlighting that industry needs to continue to support the Organization in formulating global regulations towards a more sustainable future.

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Shipping emissions: lessons learned from the aviation industry

Mr. Julien Dufour, CEO, Verifavia Shipping, comments current developments regarding the inclusion of shipping in ETS and stresses that regardless the offsetting scheme is finally run by either IMO or an ETS, it is important for the industry not to deviate from the initial object; the reduction of the GHG emissions from shipping. Mr Dufour shares his long experience from the aviation industry to describe what an EU ETS for shipping would mean, noting that it will be definitely a ‘complex process’.

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T&E welcomes EU ETS reforms

MEPs have backed reforms of the EU emissions trading system that will, for the first time anywhere, regulate international ship CO2 emissions as well as significantly tighten the cap on aviation emissions. Transport & Environment welcomed the reforms as both a much needed first move to kickstart maritime climate action.

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