Africa > Asian fleet faces 20 Mt/year EU carbon allowance bill once shipping is phased into ETS

Asian fleet faces 20 Mt/year EU carbon allowance bill once shipping is phased into ETS

Published 11:50 on February 22, 2024  /  Last updated at 00:20 on February 23, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, Australia, EMEA, EU ETS, International, Japan, Shipping, US

The 4,000-strong Asian-flagged shipping fleet that keeps goods flowing from east to west will need to surrender around 20 million EU Allowances (EUAs) a year to cover its emissions once the maritime sector is fully included in the trading bloc’s Emission Trading System (ETS), research finds.
The 4,000-strong Asian-flagged shipping fleet that keeps goods flowing from east to west will need to surrender around 20 million EU Allowances (EUAs) a year to cover its emissions once the maritime sector is fully included in the trading bloc’s Emission Trading System (ETS), research finds.


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