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EU to define whether shipping can be called sustainable

It will become more difficult for the maritime industry to self-govern whether or not the sector can call itself environmentally sustainable. Today, the EU presents a proposal that defines sustainable shipping for companies and investors.

Photo: Yves Herman/REUTERS / X00380

When can a carrier describe its fleet as sustainable, and when can investors state in their financial reports that they have invested in sustainable shipping?

Today, Wednesday, The European Commission will present a proposal regarding the so-called Taxonomy system which answers these questions by categorizing ships as sustainable or not.

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