EU steers shipping towards carbon trading market to curb emissions

(Reuters, 30 Jun 2021) A draft proposal would expand the carbon market to cover shipping emissions within the EU.

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 proposals to make its economy greener which are due to be published next month.

A draft proposal, seen by Reuters, would expand the carbon market to cover shipping emissions within the EU, international voyages to the bloc and those at berth in an EU port.

That would force owners to buy permits from the EU emissions trading system (ETS) when their ships pollute. The ETS currently covers Europe's power plants and factories.

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Reuters, 30 Jun 2021: EU steers shipping towards carbon trading market to curb emissions