Container shipping will be the hardest hit shipping sector in January when the European Union Emissions Trading System (EU ETS) goes live with the carriers liable for around €1.82 billion in carbon charges at today’s prices, by 2026.
The EU ETS will be introduced gradually from 2024, with carriers liable for 40% of emissions in the first year, rising to 70% in 2025 and 100% by 2026, and Albrecht Grell, MD at OceanScore said the bill for the EU ETS will total around €6.5 billion, depending on the...
https://container-news.com/container-shipping-to-bear-brunt-of-eu-emissions-trading-system/