Is The Shipping Industry Ready For Europe’s Cap And Trade Rule?
Following the formal approval of the EU’s emissions trading scheme (EU ETS) by the European Parliament, shipowners are now mandated to submit verified emissions data for all voyages that start or end at an EU port from 2024. But is the roll out of the carbon cap-and-trade scheme to the sector an important component in the fight to curtail carbon emissions or just another financial hit?
Following the formal approval of the EU’s emissions trading scheme (EU ETS) by the European Parliament, shipowners are now mandated to submit verified emissions data for all voyages that start or end at an EU port from 2024. But is the roll out of the carbon cap-and-trade scheme to the sector an important component in the fight to curtail carbon emissions or just another financial hit?
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