ShippingWatch

Carriers battle for free quotas before EU presents its CO2 proposal

In July, the EU will present its model for how to include shipping in its ETS system. Right now, CO2 prices are at a record high and Danish Shipping is working hard to ensure that expected free quotas are distributed to those who, they believe, deserve them.

Photo: Mie Brinkmann

Last week, the price of emitting a tonne of CO2 reached over EUR 50, ending on EUR 50.35 on Friday, the highest price ever for a quota in the EU's ETS system.

The price tag for 1,000 kilos of CO2 has become extremely relevant for shipping, as the EU Commission will presents its plan in July for how shipping companies will be included in the ETS and thus have to pay for emissions.

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