Shipping major Maersk says a coming carbon tax should be "significant" to prompt shipping companies to shift course away from using fossil fuels. The group also says the EU's CO2 quotas can be used as a lever in the IMO.
The Responsible Ship Recycling Standards initiative, backed by several large banks, updates standards and expands to include offshore structures such as drilling rigs. More banks have also joined, reports FinansWatch Norway.
More projects are coming in than being approved, and the municipal veto is prompting blockages. Swedish wind energy is ready for enormous expansion these years, but regulations aren't in line with the green wave, worries sector organization.
US President Joe Biden waives the Jones Act, exempting an undisclosed company from its requirement for domestic ships and crews, in response to fuel shortages prompted by the Colonial Pipeline cyberattack.
Many non-EU countries are concerned about the climate tariff demanded by several European companies due to surging ETS CO2 prices. The EU Commission will present a proposal this summer but stands on a knife's edge in terms of integrating the mechanism.
The price of emitting CO2 is rising dramatically, but the EU Commission says it won't interfere with the system as it finally seems to be working as intended to advance climate change mitigation. Although the price will not necessarily continue its rapid ascent.
It's an interesting perspective presented by environmental researchers recommending to let oil platforms stay in the North Sea after operations cease, says Danish Minister of Climate, Energy and Utilities Dan Jørgensen to EnergyWatch. But the ocean must not become a dumpster, he adds.
Sector organization Biogas Danmark holds that Danish taxation levels make it difficult to pursue biogas within the country's transport sector. A big mistake, says the organization's CEO, Frank Rosager.
Under the right framework conditions, NXT Green Energy expects to make its final investment decision on a liquefied biogas facility in Denmark. Director Jens Peter Lunden says the investment involves several hundred million Danish kroner.
Even though the OEM has done a fine job handling Covid-19, according to Vestas' CEO, the outbreak that's still affecting the Ringkøbing factory has provided insights on what happens when anti-contagion protocols slacken.
Not just Covid-19 but also bizarre parking and poor weather all put pressure on Vestas' earnings thus far this year. After booking an initial loss of more than EUR 50m, the OEM expects to achieve an approximate operating result of a billion euros.