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> MEPs Push for Shipping to be Included in Emissions Trading System Toward 2030 Reduction Target

MEPs Push for Shipping to be Included in Emissions Trading System Toward 2030 Reduction Target

15/09/2016
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Environmental group Transport & Environment(T&E) has welcomed news that Members of theEuropean Parliament (MEPs) have given support to a proposal for the inclusion of shipping emissions in the European Union's (EU's) 2030 emissions reduction target through the emissions trading system (ETS).

T&E has been one of the more vocal groupscriticizing what it says it a lack of progress by the industry on reducing it's overall emissions.

The proposed amendment would see shipowners buy ETS allowances from 2021 onwards, or pay an equivalent amount into a new climate fund intended to minimise administrative burden through the collective purchase of allowances.

"Time is of the essence and the shipping industry has an important role to play in this transition. In setting up a climate fund for shipping allowances, the EU will help industry cut global-warming emissions in a sustainable way by investing 20 percent of the revenues in green projects for ships and ports," said Jytte Guteland, Socialists and Democrats (S&D) MEP. [...]


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