EMEA > Paying EU carbon costs cheaper than switching to green fuels for shipping sector -analysts

Paying EU carbon costs cheaper than switching to green fuels for shipping sector -analysts

Published 16:12 on October 10, 2023  /  Last updated at 16:25 on October 10, 2023  / Rebecca Gualandi /  EMEA, EU ETS, International, Shipping

The costs of switching to greener fuels for the container shipping sector currently exceeds the costs of purchasing EU ETS allowances and may continue to be higher even if carbon prices rise,  bank analysts said in a report published on Tuesday that outlined how the sector's entry into carbon market from next year is expected to lead to a 20-40% rise in freight rates.
The costs of switching to greener fuels for the container shipping sector currently exceeds the costs of purchasing EU ETS allowances and may continue to be higher even if carbon prices rise,  bank analysts said in a report published on Tuesday that outlined how the sector's entry into carbon market from next year is expected to lead to a 20-40% rise in freight rates.


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