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Shipping will be included in the EU emissions trading regime

09/11/2017
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THE SHIPPING industry will be in the European Union’s revised Emissions Trading System, but only in a compromised form that spares it from regional legal obligations and allows global decarbonisation efforts to proceed intact, Lloyd’s List understands.

Negotiators from the EU’s three institutions, the European Parliament, the European Commission and the European Council, struck only a provisional agreement on Thursday. It will have to be ratified by representatives of the EU member states and the assembly of the European Parliament, but sources told Lloyd’s List that such provisional agreements were rarely rejected.

Under this agreement, shipping will be included in the bloc’s overhauled decarbonisation scheme, but it will only be part of the larger political statement and scope of the ETS and not included in its operational aspect, which dictates how and when the emission allowance auctions will apply to the various sectors. [...]

LLOYD's LIST

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