EU countries ready for CO2 quota negotiations – but without a shipping fund
After marathon negotiations, EU member countries passed a mandate late Tuesday for inclusion of shipping into the union’s emissions trading system. A proposed special fund for the industry’s transformation does, however, not appear to be on the table.
by PETER THOMSEN, WATCH MEDIA’s EU CORRESPONDENT
BRUSSELS – Although there has to be a particular focus on the shipping industry’s challenges, it seemingly has to take place through the European Union’s existing climate funds.
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