EU strikes deal to make shipping companies pay for their carbon emissions

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Beginning in 2024, shipping companies will have to buy EU carbon permits to cover 40% of their emissions, rising to 70% in 2025 and 100% in 2026

The European Union has agreed to add shipping to its carbon market for the first time, forcing vessels to pay for their planet-heating emissions and increasing pressure on the maritime sector to invest in greener technologies.

“This will not only help the climate but also improve air pollution in cities close to rivers and the coast,” Peter Liese, lead EU lawmaker on the rules, said on Wednesday. Lawmaker Liese said the rules would encourage ship owners and operators to invest in the best available technologies such as less polluting fuels. Negotiators also agreed to dedicate revenues from the sale of 20 million EU carbon permits to fund maritime emissions-cutting projects.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Annnd the cost will be passed right onto the consumer, great! Ffs. Idiots.

Amazon needs to be taxed and for road repairs etc etc.. right now it’s coming out of the small local businesses they are helping get shut down..

That’ll help reign in inflation. Perfect timing. Shipping companies just pass on the increased costs.

Geeee. That won’t increase costs to consumers. Absolutely cult mentality

Wow antigrowthcoalition EU

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:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines