ShippingWatch

Central EU legislator rubberstamps new carbon quota requirements for shipping

The European Parliament has reached a new agreement on how the shipping industry may be incorporated in the EU’s Emissions Trading System. According to ECSA, the decision arrives at a ”make-or-break” moment for the industry.

Photo: Winfried Rothermel/AP/Ritzau Scanpix

BRUSSELS – Following a protracted tug-of-war, the shipping sector is now officially one step closer to a future involving CO2 quota requirements.

This is clear after Wednesday, when the European Parliament by a massive majority passed a long-awaited negotiating mandate involving matters such as the Emissions Trading System (ETS), one of the central legislative measures in the European Union’s climate change mitigation efforts.

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