A new report by the University Maritime Advisory Services (UMAS) for the Environment Defense Fund Europe (EDF Europe) stresses the need to refine the design of the EU Emission Trading System’s (ETS) inclusion of shipping to effectively reduce greenhouse gas (GHG) emissions from maritime shipping and advance zero-carbon alternative fuels.
Reforms to its design such as an expanded scope, a sectoral emissions cap, and reinvesting revenues in shipping decarbonisation would all help build a stronger system able to generate meaningful emissions reductions in this decade.
