The European Union Emissions Trading System (EU ETS) is coming into effect for the maritime transportation sector on January 1, 2024. Here’s what that means. The EU ETS launched in 2005 and on ...

Levi McAllister, Sidanth Rajagopal and Jennifer Trock of Morgan Lewis discuss ESG commitments and challenges in the global ...

To achieve the necessary emission reductions, the scope of the EU Emissions Trading System (ETS) has been expanded to include maritime transport emissions, effective January 1, 2024, with a two ...

On Jan. 1, 2024, a large segment of commercial merchant vessels will be subject to an emissions-cap-and-trade system. November 27, 2023 at 01:29 PM 5 minute read Cargo and Shipping By Keith Letourneau ...

For example, the EU Emissions Trading System raises €50 billion ($56.8 billion) annually, part of which goes into member states’ national budgets with the remainder going to support EU-wide ...

The Union of Greek Shipowners (UGS) sees no reason for the European Union to keep regulating ships’ carbon emissions after ...

The ADB paper finds that while the EU’s CBAM and expanded carbon pricing can significantly reduce global emissions, they are insufficient alone to meet climate targets. Broader international ...

Canada on Wednesday said it plans to unveil a cap and trade system starting in 2026 for limiting emissions from the oil and gas sector, a step toward fulfilling one of Prime Minister Justin ...

Cap-and-trade is supposed to make the biggest carbon emitters pay for their pollution. But Seoul-based group Plan 1.5 says South Korea’s system has helped those companies make millions.

TORONTO—The Canadian government said it would use a cap-and-trade system to impose greenhouse gas emission limits on its oil-and-gas industry, making Canada one of the first major global oil ...