A global carbon tax on shipping is coming, says ABS Chairman and CEO

A universal, global carbon tax on shipping is coming, as alternative blue fuels made with carbon capture emerge as a critical step in the energy transition at sea. That was the message from Christopher J. Wiernicki, ABS Chairman and CEO, during an appearance at the CERAWeek energy conference. “We need to recognize that there is

Global carbon pollution hits record high

Global carbon pollution from energy hit a record high last year, driven partly by increased fossil fuel use in countries where droughts restricted hydropower production, according to an International Energy Agency (IEA) report. Steep cuts in carbon emissions, mainly from burning fossil fuels, will be needed in the coming years if targets to limit a