27th July 2024 – 2nd August 2024
LOCAL NEWS
No news reported.
INTERNATIONAL NEWS
1. Turkey to implement its own Emissions Trading System
The Turkish parliament has approved a carbon pricing mechanism for the shipping sector, allowing Turkey to tax emissions from commercial ships entering and departing its seaports. The amendment mandates that fees will be collected from shipowners based on the CO2 emissions produced by their vessels. The Turkish presidency is expected to issue regulations detailing the types of ships affected, emission fee rates, and procedures for monitoring, reporting, and verifying emissions. This new policy is projected to regulate over 10 million tons of CO2 emissions annually, similar to the emissions of Luxembourg.
This approval is part of Turkey’s broader climate strategy, which includes establishing an Emissions Trading Scheme (ETS) as outlined in its Climate Change Mitigation Strategy and Action Plan (CCMSAP) for 2024 to 2030. The ETS aims to align with the EU’s carbon market.
Related Articles:
Ship&Bunker 31/07 - Turkey considering own Emissions Trading Scheme
Splash247 30/07 - Turkey to implement its own emissions trading scheme for shipping
Safety4Sea 30/07 - Turkiye comes up with its own Emissions Trading System
2. European Commission launches Ship Financing Portal to boost the maritime sector's green transition
On the 29th July 2024, the European Union announced that it has launched a ship financing portal aiming to address the lack of available information on financing opportunities.
The platform, launched by the European Commission’s Directorate-General for Mobility and Transport, provides and centralises access to a variety of pan-European financing products, simplifying the search for suitable financing opportunities for stakeholders across the maritime sector.
Furthermore, it provides up-to-date details on available grants, loans, and other financing products administered by the EU, Member States, and private financial institutions. This ensures that users are informed about the latest financing opportunities.
Related Articles:
Transport EC Europa - Ship Financing Portal
Transport EC Europa 29/07 - European Commission launches Ship Financing Portal
Safety4Sea 31/07 - EU launches Ship Financing Portal for green solutions
Bunkerspot 30/07 - EUROPE: EC launches Ship Financing Portal
3. US TREASURY REPORT
The US Treasury Report for all actions reported is hereby attached.
Related Article:
Attachment 1: US Treasury Report for week 27/07/2024 – 02/08/2024
4. PIRACY REPORT
The Piracy Report for all actions reported is hereby attached.
Related Article:
Attachment 2: Worldwide Threat to Shipping (WTS) Report, for the period between 03/07/2024 – 31/07/2024
Nothing important to report from Local News, the House of Representatives and ILO.