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Søren Toft warns that the EU's CO2 plan will lead to greater emissions

Søren Toft, CEO of the world's second largest container carrier MSC, warns in the Financial Times that the EU's plan to reduce CO2 emissions in shipping will have the opposite effect and lead to greater harmful emissions.

Søren Toft, CEO of MSC, in an unusually harsh attack on the EU's forthcoming CO2 plan. | Photo: MSC - PR

The EU's plan to incorporate shipping in the CO2 quota system, ETS (Emissions Trading System), is met with harsh criticism from the world's second-largest container carrier MSC.

Søren Toft, CEO of Italian MSC, believes that the EU's plan, which will implement shipping emissions in CO2 quotas and is expected to be presented in mid-July, will have the opposite effect.

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