Central EU committee to send income from CO2 quotas back to shipping

A majority of the EU Parliament wants to send income from CO2 quotas back into shipping. ”The important thing is that the money [...] will not be gone but given back,” states central German negotiator to ShippingWatch. ECSA supports the proposal.

Photo: Thomas Borberg/Ritzau Scanpix

BRUSSELS / COPENHAGEN – It may become expensive when the European Union in the coming years are to include the shipping industry in its extensive quota system, the Emissions Trading System (ETS).

In short, carriers will have to include the price of its carbon emissions from every single voyage in its regular expenses as part of the attempt to move the industry into a more sustainable direction.

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