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EU Parliament wants shipping included in CO2 quota scheme

There is broad cross-party support in the EU Parliament to incorporate the shipping industry into the EU's CO2 quota scheme in accordance with the EU's 2030 emissions targets. This would mean that from 2021, carriers would pay for their emissions by buying emissions quotas.

Shipping will contribute to the EU's 2030 emissions goal via the industry's incorporation in the emissions trading system (ETS) - the EU's quota system for CO2 emissions. This is the stance of several groups within the EU parliament ahead of a general review of the ETS.

The Social Democrats (S&D), the Greens and the Liberals have proposed the matter, and the European People's Party (EPP) similarly supports getting the shipping industry to contribute to global climate targets by including the sector in its CO2 quota scheme, whereby emissions quotas are either bought or money is directly paid into a fund managed by the European Union, reports the NGO Transport & Environment in a newsletter.

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