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S&P Global, Platts launches carbon-accounted Aframax tanker assessments on four European routes Aug 1
Commodity: Oil, Shipping, Energy Transition
Region: EMEA, Americas

These new assessments reflect the cost to move crude oil or fuel oil on an Aframax tanker on each route, including the additional cost required to offset 100% of the carbon dioxide emissions created through the combustion and exhaust of a ship's marine fuel through the European Union's Emissions Trading Scheme (ETS).

These assessments add to the suite of freight carbon intensity values and freight carbon intensity premiums Platts has already been publishing since October 2021, which measure the impact of greenhouse gas emissions to transport various crude grades from production storage terminals to typical refinery locations around the world.
Last July, the European Commission proposed adding shipping to the EU Emissions Trading Scheme gradually from 2023 to 2026, when shipowners would need to buy permits covering all their emissions inside the EU and 50% of their emissions from international voyages beginning and ending in the EU.

The Environmental Committee of the European Parliament voted in May 2022 to delay the inclusion of the shipping sector into the EU ETS from 2023 to 2024, but require that 100% of emissions from intra-EU voyages be covered from the outset, dropping previous plans for a phase-in period between 2023-2026. The latest EU proposals will look to cover 50% of emissions for voyages into and out of the European Economic Area until 2027, and 100% of emissions of these voyages thereafter.

REVEALED: a cunning plan to inflate carbon credit market cap by imposing "embargo" Yalma + Nord Stream I and II and doubling EMEA + US LNG + coal "seaborne" supplies while bid-rigging Russian energy sanctions!
by Cat on Wed Aug 3rd, 2022 at 02:02:39 PM EST

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