In February, the shipping industry made recommendations to the European Commission for how it would like to see involvement in the European emissions trading system (EU ETS) work.
Details of the ETS’ mechanics are due to be announced this quarter, but as TW+ went to press it remained unclear exactly what the rules will be for shipping.
“The main points still to be decided are: will there be free allowances, and how many, and fundamentally who pays the bills? And the largest issue is whether it will only be intra-European or whether it captures voyages leaving or entering the EU as well?” says Affinity Carbon Solutions’ Hugo Wilson.
