Close Menu
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Technology
  • Incidents
  • Environment
  • Events
    • Maritime
    • Offshore
    • Oil & Gas
    • Energy
  • Advertising
  • Contact
Facebook X (Twitter) Instagram LinkedIn
Trending
  • Provaris joins forces with K Line to commercialize hydrogen carriers
  • Enhanced oil spill detection system launched for Brazilian waters
  • Blue Logic and Hydromea to Accelerate Subsea WLAN Deployments
  • 10 Most Influential International Maritime Industry Associations
  • Germany, Latvia Join Forces for Maritime Innovation in Baltic Sea
  • Great Lakes Towing Tugs Help Refloat 9,000-Ton
  • AF Offshore Decom secures Heerema decommissioning gig
  • Tech Tycoon Lynch’s Doomed Bayesian yacht Lifted To Surface
Facebook X (Twitter) Instagram LinkedIn
Maritime247.comMaritime247.com
  • Home
  • Maritime
  • Offshore
  • Port
  • Oil & Gas
  • Energy
  • Tech
  • Incidents
  • Environment
  • Events
    • Maritime
    • Oil & Gas
    • Offshore
    • Energy
  • Advertising
Maritime247.comMaritime247.com
Home»Environment»Columbia Group welcomes U.K.-EU alignment on ETS, but …
Environment

Columbia Group welcomes U.K.-EU alignment on ETS, but …

May 30, 2025
Facebook Twitter LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Email

Written by
Nick Blenkey

Philippos Ioulianou, managing director of Columbia Group’s EmissionLink

Columbia Group Urges Global Emission Trading System Integration

Columbia Group has voiced its support for the UK government’s decision to link its emission trading system with the EU, calling for other countries to follow suit. However, the company warns that simply linking emissions trading schemes does not guarantee emissions reductions.

Following the UK’s alignment with the EU ETS, carbon prices experienced an 8% increase. Philippos Ioulianou, managing director of Columbia Group’s EmissionLink, believes this price surge will be temporary, emphasizing the need for more than just market tools to drive emissions cuts.

Ioulianou stated, “The idea that linking ETS schemes alone drives significant cuts is a misconception. We’ve seen a price increase since the EU-UK link-up, but no guaranteed emission drop. Market tools must be backed by clear targets, regulatory support, and real-world actions.”

While the UK-EU alignment provides clarity and supports green investment, the global emissions landscape remains fragmented. Shipping companies face compliance challenges with multiple regulations, including the EU ETS, IMO’s Carbon Intensity Indicator, and FuelEU Maritime rules, leading to confusion and inefficiencies.

Ioulianou emphasized the need for greater international coordination in decarbonization efforts, calling for national schemes to integrate into a global system. He stressed the importance of strategic long-term planning towards achieving net-zero emissions.

As discussions around the IMO’s NetZero Act continue, Columbia Group advocates for collaborative efforts in the energy transition, recognizing both the costs and stakes involved. Ioulianou concluded, “Collaboration is no longer optional; it’s essential in the journey towards a sustainable future.”

See also  Australian professor makes ‘Google Maps for the sea' claim in bid to cut shipping emissions

alignment Columbia ETS Group U.K.EU Welcomes
Share. Facebook Twitter LinkedIn Tumblr Telegram Email

Related Posts

Oil spill detected from Tuesday’s tanker collision in the Gulf of Oman

June 19, 2025

U.S. Seabed Mining Order Could Undermine Protections for Antarctica

June 18, 2025

Oldendorff teams with Scottish university to open sustainable shipping research centre

June 18, 2025
Top Posts

China Fights Australia’s Plans to Reclaim Darwin Port Citing U.S. Influence

May 27, 2025

Coast Guard Overflight Footage Reveals Fire Spreading on Morning Midas Car Carrier Off Alaska Coast

June 6, 2025

Car Carrier ‘Morning Midas’ Catches Fire with Electric Vehicles Off Alaska

June 5, 2025

Denmark awards first-ever offshore wind farm life extension permit

June 4, 2025
Don't Miss
Offshore

Worley Secures Work on German LNG Terminal

April 3, 2025

Worley Secures Contract for Phase 2 of Brunsbüttel FSRU Terminal in Germany Worley, a global…

Syria’s New Government Cancels Russian Port Lease at Tartus

January 22, 2025

APC Names Liu Global Tech Services Manager

March 18, 2025

HD Hyundai Mipo: Construction begins on ‘world’s first’ oceangoing ammonia-powered vessel

January 8, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

About Us
About Us

Stay informed with the latest in maritime, offshore, oil & gas, and energy industries. Explore news, trends, and insights shaping the global energy landscape.

For advertising inquiries, contact us at
info@maritime247.com.

Facebook X (Twitter) YouTube LinkedIn
Our Picks

World’s First Hybrid Roller Coaster and Water Slide Revealed By Norwegian Cruise Line

March 30, 2025

Greenpeace Captain and Activists on Trial in Korea for Boarding Tanker

May 17, 2025

Port of Brisbane sets out Vision 2060 to future-proof trade and drive sustainability

June 11, 2025

Subscribe to Updates

Your Weekly Dive into Maritime & Energy News.

© 2025 maritime247.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Advertising

Type above and press Enter to search. Press Esc to cancel.