European Council environment ministers have agreed to add shipping to the scope of the EU emissions trading system (ETS).
The EU ETS is a carbon market that uses a cap-and-trade system of emission allowances for energy-intensive industries and the power generation sector.
The decision is part of the ‘Fit for 55’ package, which aims to cut down net greenhouse gas emissions by around 55% compared to 1990 levels by 2030. The package also includes the achievement of climate neutrality by 2050.
The...
https://www.ship-technology.com/news/eu-council-agree-on-inclusion-of-shipping-to-ets/