Government delegates from around the world at the International Maritime Organization (IMO) have progressed closer towards toward global greenhouse gas regulations aimed at cutting the carbon intensity of shipping by 40% by 2023. A draft legal text which is to serve as the basis for ongoing...
As per the notification in our September newsletter, Europe has officially sanctioned the ETS system and surcharges will commence as of 1st January 2024. The EU Emissions Trading System (EU ETS) is the European Union's strategy to tackle climate change by limiting and charging for greenhouse...
Europe has officially sanctioned the ETS system, which will require shipping organisations to pay a surcharge on greenhouse gas (GGH) emissions. These funds will be directed into the maritime sector in order to fund its transition to alternative energy sources via the EU Innovation Fund. The...