The EU preferred reaching a global solution to reel in shipping sector emissions but expressed its readiness to act if the International Maritime Organisation (IMO) did not take sufficient action. This occurred when the European Union decided to extend the EU’s Emissions Trading System (EU ETS) to take on board the shipping sector. This is due to enter into force in 2024.
When it comes to shipping in the EU, Carbon Market Watch focuses on:
The EU needs to navigate its shipping sector towards ambitious climate action
The EU needs to navigate its shipping sector towards ambitious climate action
The effective implementation of the EU ETS for shipping
Using EU ETS shipping revenue to help decarbonise the shipping sector and boost innovation
The EU steering climate negotiations at the IMO towards greater climate ambition
The EU’s Emissions Trading System (EU ETS) is being expanded to cover shipping. But what does this involve and what does it mean for the maritime sector?
Green groups criticised the International Maritime Organisation’s failure to raise the shipping sector’s climate ambition sufficiently to ensure that this highly polluting sector navigates a course that is compatible with keeping global temperature increases within the 1.5°C limit set out in the Paris Agreement.
Submitted by the Clean Shipping Coalition (of which Carbon Market Watch is a member), this document summarises the key principles that any market-based measure (MBM)
sam.vandenplas[at]carbonmarketwatch.org
bastien.bonnet[at]carbonmarketwatch.org
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