The shipping industry is facing a pressing challenge: the need to decarbonise and reduce its impact on climate change. As regulators push for stricter environmental standards, the use of biofuels in shipping has emerged as a promising solution. Biofuel…
Sustainable bio-path towards decarbonization Read More »
Shipowners face an ultimatum this year – upgrade their Carbon Intensity Indicator (CII) technology to comply with new laws or scrap their vessel. CII data from the previous year must have been calculated and reported to the Data Collection System…
On 7 July 2023, after two weeks of intense negotiations, the member states of the International Maritime Organization (IMO) unanimously adopted the 2023 IMO Greenhouse Gas Strategy. This landmark agreement replaces the 2018 Initial Strategy and signifi…
A new climate deal for shipping: Three decades to zero Read More »
On 18 April 2023, the European Parliament decided that from 2024, the EU ETS would also apply to emissions from shipping. According to the EU regulations, the ‘shipping company’ concerned is responsible for compliance with the EU ETS vis- à-vis the aut…
EU Emissions Trading Scheme (“EU ETS”): Regulatory and contractual perspective Read More »
The international shipping industry is a major greenhouse gas emitter, accounting for about three percent of all greenhouse gas emitted last year. For reference, this is roughly equivalent to the total annual emissions of Germany. Because these emissio…
Can The International Shipping Industry Be Part of the Climate Solution? Read More »