EU Parliament Finalizes Emissions Trading Rules for Shipping

The European Parliament has given its final stamp of approval to a package of climate measures at the heart of its “Fit for 55” emissions scheme, which aims to cut the bloc’s overall greenhouse gas footprint by 55 percent by 2030. The legislation brings shipping into the EU’s Emissions Trading System (ETS) for the first time, pulling vessel emissions into the European carbon market with a phase-in period beginning next year. The measure is the product of extended negotiations between the EU Parliament, Commission and Council, and still requires final signoff by the national representatives on the Council. 

View entirety: The Maritime Executive