ShippingWatch

Shipowners optimistic about EU budget proposal

Funding for climate and research make up a sizeable portion of the EU Commission's proposed budget for the period ahead to 2028. Danish Shipping is positive toward the proposal. The EU could play a key role in the IMO's new CO2 plan.

Shipowners seem to welcome the EU Commission's initial budget proposal for the period ahead to 2028.

The proposal is still only for the initial framework of the EU's combined long-term finances, but this time the key figures from Brussels are crucial because they cover the period 2021-2028, and thus a significant part of the period ahead of 2050 when shipping must reduce its CO2 emissions by 50 percent.

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