![The icebreaker “50 Let Pobedy” guides a dry cargo ship along the Northern Sea Route. Photo: KadnikovValerii](https://network.bellona.org/content/uploads/sites/3/2024/07/Arctic-5-The-50-let-Pobedy-icebreaker-towing-a-dry-cargo-ship-on-the-ice.jpg)
UN ban on heavy fuel oil in the Arctic come into effect
But it’s unlikely to impact emissions from shipping along the Northern Sea Route.
News
Publish date: December 15, 2022
News
A strong reform of the EU Emissions Trading System (ETS) is needed in order to rapidly reduce emissions from the goods and services Europe produces. Supporting clean technologies and innovation through the Innovation Fund is crucial to ensure the necessary tools to decarbonise, such as hydrogen, next-generation renewables, carbon capture and storage, and carbon removal, are available. We, the undersigned, are concerned with the provisional agreement on RePower EU, which would enable Member States to use grants financed by the Innovation Fund (60%) and front-loading ETS allowances (40%). This will weaken and reduce the size of the Innovation Fund in order to raise revenues for RePowerEU at a time when an overall increase in funding would on the contrary be more needed than ever.
Read the letter:
Open-letter_-Protecting-the-Innovation-Fund
But it’s unlikely to impact emissions from shipping along the Northern Sea Route.
In this news digest, we monitor events that impact the environment in the Russian Arctic. Our focus lies in identifying the factors that contribute to pollution and climate change.
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