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SHIPPING EMISSIONS TAX
India votes in favour of first global carbon tax on shippingIn a landmark decision, India and 62 nations approved a global carbon tax for the shipping sector. The UN's shipping agency finalized the a...
Major nations agree on first-ever global tax on greenhouse gases with plan that targets shippingMajor shipping nations have agreed to a minimum $100 tax per tonne of CO2 emissions from ships, effective by 2028, marking the first global...
Nations divided ahead of decisive week for shipping emissionsThe International Maritime Organisation members are divided on implementing a carbon tax on shipping to reduce emissions. Opponents argue t...
Escalating emissions: How Red Sea disruptions are driving up carbon emissionsMany companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism ...
At COP28, India needs to flag misconception that exports, imports add to global carbon emissions: GTRIOn CBAM or carbon tax, a kind of additional import duty, the report said that India must underscore how the CBAM potentially undermines the...
Export, import cost may increase from Jan 2027 as global shipping faces costly decarbonisation measuresThe global shipping industry's decarbonisation measures may increase the cost of exports and imports from January 2027, a report by GTRI sa...
Nations aim to zero out shipping emissions by midcenturyAn annual meeting at the International Maritime Organisation in London recently produced an agreement which had set emissions reductions go...
Carbon tax for ships is supported by 22 countries at Paris SummitThe shipping industry transports over 80% of world trade. It is responsible for nearly 3% of man-made CO2 emissions.
France to push shipping carbon tax at finance summitThe shipping industry transports around 90 percent of traded goods worldwide and accounts for around three percent of global carbon emissio...
Oil tankers, bulk carriers older than 25 years banned"There is a need to modernise the Indian fleet, which requires extensive review of the requirements of the registration and operation of th...
Countries agree to create green shipping lanes in pursuit of zero carbonUN shipping agency the International Maritime Organization (IMO) has said it aims to reduce overall greenhouse gas emissions from ships by ...
Shipping emissions must fall by a third by 2030 and reach zero before 2050The study is based around the concept of carbon budgets. A carbon budget sets the limit on cumulative carbon dioxide (CO2) emissions necess...
Pandemic shopping spree fuels rebound in shipping emissionsThe boom is important in the battle against climate change because the shipping industry at large releases more carbon into the atmosphere ...
Reality check awaits John Kerry and his bid to cut ships’ CO2Shipping’s current 2050 target is only a 50% reduction in annual greenhouse gas emissions versus 2008, whereas limiting global warming to 1...
The shipping industry wants to be taxed for its carbon emissionsSeveral trade groups, representing more than 90% of the world’s merchant fleet, have submitted a proposal to shipping’s United Nations regu...
Budget 2011: Shipping Tax should be at par with road/rail; says Vinay Kshirsagar, CFO, Shreyas Shipping & LogisticsShipping industry has sought rationalisation of taxes and demanded that many services that are taxed be made at par with road and rail serv...
- Flyers shouldn't pay for carbon footprint
The government has opposed moves to impose carbon tax on the aviation sector as well as the shipping industry that would make the consumer ...