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Adnoc’s global energy leadership
Oil and gas companies look to defy cynics and play pivotal role in decarbonisation as the UAE hosts COP28
LNG faces growing shipping constraints
New regulations are likely to restrict an already limited pool of vessels capable of transporting gas
Outlook 2023: The role for oil and gas in the energy transition
Upstream M&A activity is not being deterred by the move towards decarbonisation
Outlook 2023: The return of geopolitical risk in the energy market
The Ukraine crisis has shaken the established norms of energy geopolitics and has set the world on a course that will see no return to the status quo of just one year ago
Ukraine fallout continues to support tanker freight rates
Freight rates for clean tankers—the specialist vessels that transport refined petroleum products—reached multi-year highs in 2022 and are likely to remain strong going into 2023
Outlook 2023: Building the path to a just energy transition
With the right policies, security of supply should not be an opposing force to decarbonisation
Freight struggles with regulatory uncertainty
Lack of clarity is affecting demand for new tankers, but LNG vessel orders are booming
Nuclear SMRs could decarbonise Canada’s oil sands sector
But cost and commercialisation timeframes may prove a barrier to adoption
Letter from Canada: Federal government attempts emissions strategy
Federal carbon pricing options may allow the central government to outflank provincial opposition
Independent producers’ scope three dilemma
Is it enough for pureplay upstream firms to concentrate solely on emissions within their control?
The IMO will consider its own HFO levy later this year
Opinion
Shipping Decarbonisation Emissions
Simon Ferrie
London
8 September 2021
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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

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