Despite a collapse of talks over a global carbon price in the shipping industry, most major players continue with their investments in emission-reducing fuels and vessels, according to Reuters analysis of data and interviews with shipping firms, ship brokers, bunker suppliers, and marine technology providers. Last year, the United Nations agency, the International Maritime Organization (IMO), discussed for months a proposed adoption of the so-called Net-Zero Framework, initially proposed in 2023. The framework includes a global fuel standard and a pricing mechanism for global greenhouse gas emissions. The IMO has estimated that shipping emissions—about 3% of the global total—could surge by as much as 150% by mid-century without action. But at the end of 2025, the talks collapsed, as the U.S. and Saudi Arabia, the biggest oil producers in the world, managed to get enough support to postpone the decision on a carbon price by one year. The shipping industry, which accounts for about 3% of global greenhouse gas emissions, has not changed course despite the lack of a global framework on emissions reduction. In fact, Reuters interviews with companies operating and servicing the sector show that most of these go ahead with their plans to either use additional volumes...

European carbon prices have risen notably in late 2025, reaching €83.79 per tonne on December 15, up 3% monthly and 30% year-over-year. The price of carbon permits in the EU’s main emissions trading system (EU ETS) recently hit multi-month highs...

Welcome to Carbon Brief’s DeBriefed. An essential guide to the week’s key developments relating to climate change. This week EU leaders agreed climate goal ‘truce’ ‘BREAKTHROUGH’: EU leaders have reached a “breakthrough” on climate issues that “increases the likelihood” that...

Countdown to introduction of tax on imported goods from countries without an emissions scheme

A recent assessment by the Pembina Institute reveals that Alberta's electricity market overhaul has fallen short of its goal to promote grid modernization and renewable energy investment. The 1996 market design prioritizes immediate financial gains over reliable grid operations, leading to a reliance on less adaptable sources like coal and natural gas, which hinders investment in cleaner energy technologies and exacerbates environmental concerns such as higher emissions and price fluctuations.

According to sources familiar with its development, the “Canada Climate Competitiveness Strategy,” is scheduled to be released this fall on the heels of a stocktaking exercise carried out by the Privy Council Office (PCO). The office developed a list of...

The proposed threshold would make low-carbon steel production commercially viable, said local think tank IDEAS ahead of the government’s plan to implement a carbon tax on high-emission sectors starting next year. Between 2014 and 2022, steel production in Malaysia moved...

Carbon tariffs are back on the agenda in Australia, and that’s a good thing. It could help mobilise hundreds of billions of new investment.

Not for the first time this century, the federal election has been noteworthy for its smallness and lack of policy ambition, an accusation levelled at both major parties. A week before the election, S...

The axing of the consumer carbon tax marks a major turning point in Canadian climate policy. It fell victim to misinformation and populist attacks.