UK proposes to bring maritime and waste sectors into carbon market
March 26, 2022, 7:44 am

UK proposes to bring maritime and waste sectors into carbon market

The U.K. government has proposed extending its Emissions Trading Scheme so that it also covers the maritime and waste sectors (File photo: Pixabay)

The Market Watch reported, the U.K. government has proposed extending its Emissions Trading Scheme so that it also covers the maritime and waste sectors.

In a consultation document published Friday, the government sets out proposals to expand the carbon market to the domestic maritime sector. It also calls for evidence on including the waste incineration and energy-from-waste industries as well.

The document notes that domestic shipping accounted for 5% of U.K. transport greenhouse gas emissions in 2019, more than the rail and bus network combined. The government proposes including the domestic maritime industry in the U.K. ETS system by the mid-2020s.

The document says: "Our aim is to price in some of the externalities of conventional marine fuels, therefore encouraging investment in energy efficiency and alternative fuels."

In a consultation document published Friday 26-03-2022, the UK government sets out proposals to expand the carbon market to the domestic maritime sector. It also calls for evidence on including the waste incineration and energy-from-waste industries as well (File photo: Pixabay)

There is also a proposal to expand the emissions market to waste incineration and energy-from-waste by the mid-late 2020s.

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The document argues that the ETS system could encourage technologies or practices that reduce emissions from waste incineration and energy-from-waste facilities, including investment in carbon capture and storage. It could also encourage more companies to supply heat, or to use chemical recycling.

Source: marketwatch

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”