EU's shipping carbon quotas may come into force as soon as January 2022

Despite outspoken dissatisfaction from the shipping industry and suggestions of separate fees for the shipping industry, it looks like the EU will plough ahead with its plans to include the maritime industry in its Emissions Trading System, and it could even happen in just a years' time.

The legislation necessary to include the shipping industry in the EU ETS can come into force as soon as Jan. 1 2022 – all in the name of decarbonization. A draft legislation where emissions from ships are included has been approved by the European Parliament. Now, the EU Commission's ETS initiative is in the public consultation phase which closes on Feb. 5 2021.

British law firm Holman Fenwick Willan (HFW), set out to answer the main questions that might arise from the industry in the light of these news. ShippingWatch provides a summary of the Qs and As according to an announcement by the lawyers.

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