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Climate quotas could create new market for green ships in Europe

Carriers with aged ships can improve their carbon footprint in the EU by operating them in pools where competitors contribute with greener ships.

The EU has introduced new requirements that mean ships will have to pay for their pollution. | Photo: Hinrich Bäsemann/AP/Ritzau Scanpix

by JENS THOMSEN

European shipping companies and shipowners could earn extra money by ’renting’ green ships to competitors with a less sustainable fleet, allowing them to comply with EU requirements for marine fuels.

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