European Parliament votes in favor of tighter climate requirements for shipping

The European Parliament has now voted to induct the shipping industry into the EU's Emissions Trading Scheme from 2022. The Parliament furthermore favors a 40 percent CO2 reduction before 2030 and plans to setup an ocean fund.

Photo: PR / MSC

Wednesday, the European Parliament voted in favor of a number of measures that place stricter requirements on the shipping industry's emissions.

With a large majority, the Parliament thus backs the Commission's proposal to induct maritime transport under the EU's Emissions Trading System, ETS, from 2022. Meanwhile, the Parliament now favors a 40 percent CO2 reduction before 2030.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Further reading

Related articles

Trial banner

Latest news

See all jobs