New report: EU's ETS proposal far from enough to ensure green transition in shipping

EU plans to incorporate shipping in its CO2 quota system, but the EU's proposal is too soft to ensure decarbonization, according to report published by consultancy. Without a steep price on CO2, the EU merely promotes the cheapest fuel savings.

Photo: Thomas Borberg/pxtb04566.jpg

The plans to incorporate shipping into the EU's Emissions Trading System (ETS) could push the industry in the direction of a greener future, but it won't be enough to ensure a decarbonization of the sector.

This finding comes from a report compiled by consultancy UMAS, which has examined how big of an impact the European Commission's current ETS proposal have on the green transition in shipping.

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