ETS will cost maritime sector $9.2bn in taxes and costs in 2026, says emissions management firm

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The maritime sector will pay and estimated €8.4bn ($9.2b) in 2026 in taxes and costs generated by the European Emissions Trading System (ETS), according to Hecla Emissions Management, a company founded by Wilhelm Ship Management and Affinity Shipping. The EU’s Monitoring, Reporting and Verification (EU MRV) regulation requires all ships exceeding 5,000 gt to collect…

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