ShippingWatch

DFDS perceives CO2 quotas as a new currency that can be traded

European shipping emits 140 million tonnes of CO2 annually. But the bill for reducing the harmful emissions or eliminate them entirely with the EU's new CO2 quotas could be huge.

Poul Woodall, Senior Advisor of Climate & Environment at DFDS, assesses the many questions regarding CO2 quotas for shipping. | Photo: DFDS - PR

The EU proposes that shipping – like aviation, industry, power plants and cement factories – should pay for pollution through the EU's CO2 quota system, the Emission Trading System (ETS).

While the details remain unclear, the CO2 quotas will come, and they could turn out to be an expensive affair, assesses Poul Woodall, Senior Advisor of Climate & Environment at Danish ferry and logistics company DFDS.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs