The cost of shipping in international trade will slow down in the second half of 2021, the European Commission projected. Since the last quarter of 2020, the volume of world trade in goods reached pre-pandemic levels, mainly due to an increase in demand for consumer goods. Although international
The European Commission on Wednesday raised initiatives that will tighten the rules for maritime and air transport, if approved by the European Parliament. The European Union’s Emissions Trading Scheme (ETS) puts a price on carbon and lowers the cap on emissions from certain economic sectors every year. In
The US manufacturing industry faces logistics and supply problems, albeit with an expansion in demand, according to The Beige Book. The Beige Book is a Federal Reserve System publication on current economic conditions in the 12 Federal Reserve Districts. In general, the document characterizes regional economic conditions and
The European Commission has proposed that it will register only new zero-emission vehicles starting in 2035. From its perspective, it is necessary to combine measures to address the increase in emissions in road transport in order to complement emissions trading. Stronger CO2 emission standards for passenger cars and
The United States Energy Information Administration (EIA) expects growth in electricity sales and generation from renewables through 2022. In this regard, the EIA forecasts that retail electricity sales in the United States will increase 2.8% in 2021, led by a 5.1% rise in sales to the industrial sector.
The European Union (EU), Japan and the United States would be the winners with the EU’s Carbon Frontier Adjustment Mechanism (CBAM). On the contrary, Russia, India and Serbia/Bosnia and Herzegovina would be the most affected. In both cases, the classification would be based on the loss of income