The new EU Emissions Trading System, ETS 2, covers emissions from buildings, road transport, and additional sectors such as fuel use in small industrial installations. It’s designed to reduce emissions by 42% by 2030 compared to 2005 levels. Florian Schlennert, Simon Göss and Hendrik Schuldt at carboneer describe how it works, and what firms must do to comply. Comprehensive monitoring, reporting, and verification (MRV) must be implemented at the … [Read more...]
Decarbonising Shipping: “book and claim” pilot uses clean fuel tokens that move from cargo through to fuel producers
Switching to clean alternative fuels is the key component of the decarbonisation of shipping. But it faces the classic “chicken and egg” problem of who moves first: the fuel producers, the refuelling ports or their customers the ship and cargo owners. Aparajit Pandey and Oscar Hernandez at RMI explain how a “book and claim” system can be the answer. It’s already proven itself in electricity markets and the aviation sector. Digital tokens are … [Read more...]
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