New study finds shipping pays twice its share to EU ETS: earmarked revenues should triple to help build market for sustainable fuels and technologies

Shipping is responsible for around 10% of EU ETS emissions but pays almost 20% of the ETS bill. Unlike other sectors, it has never received free allowances. The new Sustainable Maritime Alternative Propulsion (SMAP) mechanism is a chance to reinvest part of this contribution in shipping’s energy transition. But a new study by European Shipowners ...

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →