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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