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.

by peter thomsen and tomas kristiansen

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).

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Central EU committee sees breakthrough on CO2 quotas for shipping
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