EU steers shipping towards carbon trading market to curb emissions | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

BRUSSELS, June 30 — Ship owners could be forced to pay for pollution from their vessels or face bans from European Union ports under draft plans to add shipping emissions to the bloc’s carbon market. Shipping does not at present face EU emissions targets, but that is set to change under...

BRUSSELS, June 30 — Ship owners could be forced to pay for pollution from their vessels or face bans from European Union ports under draft plans to add shipping emissions to the bloc’s carbon market.

That would force owners to buy permits from the EU emissions trading system when their ships pollute. The ETS currently covers Europe’s power plants and factories. Shipping is seen as one of the trickiest sectors to decarbonise, with industry groups citing a lack of commercially viable green technologies.

If a shipping company failed to comply with the ETS for two years running, an EU country could issue an “expulsion order” to the EU to ban ships owned by the company from the bloc’s ports, the draft document said. Global shipping emissions are expected to rise if left unchecked, threatening efforts to curb climate change.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines