Subscribe  Log in | Register | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Licensing rounds
Search
Related Articles
Championing the oil sands
Canadian Natural’s chief is comfortable with his firm’s bet on the controversial resource
LNG short-term liquidity goes into reverse
Spot and short-term LNG trading have fallen sharply as concerns over price volatility and supply security make term contracts more attractive, says importers’ group Giignl
Canada wrestles with a produce more/emit less paradox
The requirement to cut the upstream industry’s carbon footprint places a chokehold on growth ambitions
Market vagaries may still buffet merging tanker heavyweights
Frontline-Euronav deal will create one of the world’s largest tanker fleets, but price-setting power may remain outside the combination’s reach
Carbon-neutral LNG poised for revival
The drop in shipments is likely to be temporary
Tanker market feels impact of Ukraine crisis
The tanker freight market is having to deal with sanctions, uncertainties and shifting trade flows in the aftermath of Russia’s invasion
Greenwashing disputes on the rise
Government enforcement actions and civil suits alleging greenwashing are increasing through a myriad of different laws, including securities regulations and consumer protection legislation
Marine fuel market enters troubled waters
Ripple effect from Russia’s war in Ukraine may result in significant supply disruption
Energy transition to transform Asian refining
The move away from fossil fuels will cap refinery capacity expansion in Asia-Pacific, but petrochemical demand gives the sector options
Western Canada’s inactive wells back in the spotlight
Orphan wells are growing in number, but high oil prices may present a good opportunity to tackle the problem
The IMO will consider its own HFO levy later this year
Opinion
Shipping Decarbonisation Emissions
Simon Ferrie
London
8 September 2021
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Letter from London: Shipowners propose carbon levy

Trade association the ICS is trying to take the initiative and steer the industry’s decarbonisation on its own course

The International Chamber of Shipping (ICS)—a trade association representing ship owners and operators and more than 80pc of the global merchant fleet—has made its own proposal for a levy on carbon emissions from ships in response to plans by the International Maritime Organization (IMO) and European Commission. The ICS submitted its “comprehensive” plans to the IMO, which envision "an internationally accepted market-based measure to accelerate the uptake and deployment of zero-carbon fuels.” The group proposes a levy based on mandatory contributions for each ton of CO₂ emitted from “ships trading globally” and with a gross tonnage in excess of 5,000t. "[Our proposial is] an i

Welcome to the PE Media Network

PE Media Network publishes Petroleum Economist, Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry

 

Already registered?
Click here to log in
Subscribe now
to get full access
Register now
for a free trial
Any questions?
Contact us

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Asia continues long-term LNG supply quest
24 May 2022
South Korean utility is the latest to sign up for contractual volumes as the continent’s purchasers appear to put a greater premium on supply security than Europeans
Asian LNG demand sees ‘retracement’ not ‘destruction’
24 May 2022
The impact of high prices should be only a temporary phenomenon
UK onshore shows further signs of life
24 May 2022
Producers continue to be upbeat on a previously neglected sector, despite unconsummated M&A
African institutions plan energy project bank
23 May 2022
Continent’s leaders attempt to insulate oil and gas projects from changing investment landscape

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
  • Twitter
Tweets by Petroleum Economist
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2022 The Petroleum Economist Ltd
Cookie Settings
;

Search