THE European Commission has decided to impose its market-based carbon tax on shipping, beyond its territorial waters, forcing vessels to pay for their emissions, reports Reuters. The shipping sector has so far escaped the EU tax, which requires factories and power plants to buy permits when they emit carbon dioxide, providing a financial incentive to pollute less. That is set to change from 2024, when shipping companies must buy EU carbon permits to cover 40 per cent of their emissions, rising...
https://www.seanews.com.tr/eu-to-levy-co2-emission-tax-on-shipping-beyond-its-waters/195320/