8 December 2022
In world first, EU legislators agree to price shipping emissions
EU legislators agreed to include maritime transport within the EU’s emission trading scheme (ETS) during talks that lasted until late Tuesday evening (29 November), a move that will force ship operators to pay for their carbon emissions for the first time.
The idea of adding the maritime sector to the EU’s carbon market was first raised a decade ago, but concerns over international competitiveness slowed progress. The ETS requires polluting industries to pay for each tonne of carbon they emit, with the aim of spurring them to embrace clean solutions. Hydrogen will play a big role in decarbonizing the maritime sector.