Counting the cost of emissions
In September last year the European Parliament voted for the inclusion of greenhouse gas (GHG) emissions from ships over 5,000 gross tonnes in the emissions trading system (EU ETS) by 1 January 2022. In the months that followed, EU regulators completed the consultation period and are progressing with the impact assessment. The EU is expected to make final legislative proposals in July this year and despite disruptions caused by the global pandemic, so far there are no indications that the original implementation date could be delayed. Time is running out for the shipping industry to prepare; yet, while the policy specifics are still work in progress, important details remain vague and uncertain.
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2021 05 21 - Counting the cost of emissions |
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