China tightens grip on maritime industry: Shipowners asked to report carbon emissions amid regulatory shift

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

By Weilun Soon | Bloomberg Authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts.

Authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts.

The Ministry of Transport said in response to Bloomberg’s queries that it had issued verbal notices to some ports, and that the requests were in response to the International Maritime Organization’s data-collection requirements. International shipping accounted for about 2% of global energy-related carbon emissions in 2022, according to the International Energy Agency. The Paris-based group has cited “notable progress” toward decarbonizing the industry, including the EU’s initiatives, as well as efforts by shipbuilders in Asia to develop vessels that use alternative fuels.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in CA

Canada Canada Latest News, Canada Canada Headlines