BRUSSELS - Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market.
As the 27-country EU seeks to steer its economy towards “net zero” emissions by 2050, the executive European Commission wants to expand its carbon market to shipping. “Extension of EU ETS to international shipping is not the suggested way forward, whether the scope is limited to intra-EU shipping only or not,” Japan’s government said in public documents submitted to the European Commission.
Shipping produces 2.1% of global CO2 emissions, a share expected to rise if left unchecked, threatening global efforts to curb climate change.
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