ShippingWatch

Timmermans expects sufficiently high EU price on CO2 to ensure green transformation

Parts of the shipping industry worry that the EU’s revised CO2 quota trading system will be so watered down that it curbs the green transformation, a concern not shared by the EU Commission’s executive vice-president.

Photo: Keld Navntoft/Ritzau Scanpix

With the ongoing revision of the European Union’s CO2 Emissions Trading System (ETS), shipping stands to be included in the system for the first time, but several carriers that want to get on with the green energy transition worry that the level of ambition in the revised ETS could wind up being too low.

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