IG Sustainability

Last week’s decision at the IMO to adjourn the formal adoption of the Net-Zero Framework (NZF) raises the risk of increased regulatory fragmentation and the possibility that FuelEU will expand in scope. What investment decisions should owners make in the face of such huge regulatory uncertainty?

Shipping now pays directly for its emissions and carbon has a price. IG’s Head of Sustainability Trifon Tsentides looks at how the industry can best manage the financial implications of compliance.

The IMO has adopted a draft amendment to Annex VI of the MARPOL Convention approving a Net-Zero shipping policy framework by or around 2050. Set to take effect in 2028, the “J9 Bridge” style scheme as it is known, sets out a two-tiered carbon pricing mechanism & fuel standard, which if adopted late this year, will make shipping the first industry of any to have a global carbon price agreed with internationally mandated emissions reduction targets.

At a recent webinar hosted by Bureau Veritas Marine & Offshore and OrbitMI Inc., Eleni Chavredaki from the IG Sustainability and Maritime Carbon Solutions Team, shared insights into the commercial and operational shifts expected as the FuelEU Maritime regulation takes effect.

This week, the MEPC meets to discuss new GHG reduction measures, including a maritime emissions levy and updates to the CII framework, aimed at aligning global and regional regulations to streamline maritime decarbonisation efforts effectively.

At IETA’s European Climate Summit 2024, our co-Head of Sustainability discussed the maritime industry’s adaptation to the EU-ETS, highlighting the challenges and strategic responses essential for complying with upcoming regulatory milestones and facilitating the global shift towards decarbonisation.

Rerouted shipping via Cape of Good Hope raises emissions, with a modest immediate EUA demand impact. Read the latest IG Sustainability short report analysing costs, risk, and environmental implications.

As COP28 calls for fossil fuel abandonment, the shift to green fuels necessitates substantial financial investment and cross-industry collaboration for effective decarbonisation. The EU-ETS, now live and counting, offers a framework for impactful maritime sector transformation.

MCS, a joint venture between IFCHOR GALBRAITHS and OrbitMI, utilises an Emissions Estimator tool, powered by AI and voyage data that provides real-time CO2 predictions, supporting shipowners in EU ETS preparation and compliance.

We are excited to share some thoughts and insights from our very own Trifon Tsentides, Head of Strategy & Business Development at IG Sustainability, from the 2nd Annual Capital Link Japan Maritime Forum 2023!

While what has been agreed at the last IMO meeting is far more ambitious and sends a strong signal, which is significant, will it be enough to bring the shipping industry closer to the Paris Agreement goals on climate change?

The FuelEU Maritime regulation: creating challenges and opportunities too.

The maritime sector will be included into the EU from 2024 onwards, changing seaborne freight dynamics.