Policy & Trading

Maersk advocates for a "significant" CO2 tax

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.

Banks' scrapping initiative extends to drilling rigs

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.

US concerned by European climate tax

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.

EU refuses to intervene in rising carbon price

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.

Danish minister considers letting oil platforms stay in North Sea

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.

Germany to be climate-neutral by 2045

The German federal government is planning to announce a new national goal next week to reduce greenhouse gas emissions 65 percent by 2030, reports Der Spiegel.

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