Regulation

EU Commission questions next steps for a shipping green fund

European shipowners’ desire to finance their green transformation via the EU’s CO2 trading system and FuelEU Maritime penalties through a dedicated fund is not yet a given, says EU Commission maritime transport director.
Magda Kopczynska is director for marine transport with the EU Commission. | Photo: EU-Kommissionen/European Commission
Magda Kopczynska is director for marine transport with the EU Commission. | Photo: EU-Kommissionen/European Commission
by JENS THOMSEN

Shipping companies’ desire to earmark three fourths of the future income from the European Union’s Emissions Trading System (ETS) as well as funds coming from potential penalties for non-compliance with the FuelEU Maritime proposal for financing shipping’s green transformation, could prove difficult to fulfil in practice.

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