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.

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