Splash Extra

July 2021 Review

Maritime is having to contend with the splintering of environmental regulations following this month’s proposal by the European Commission of a cap and trade system for shipping emissions. The European proposal calls for 50% of the carbon emissions on a voyage to or from a port in the EU, rising to 100% for intra-EU voyages, to be offset by purchasing carbon credits on European emission trading systems (ETS). Shipping’s inclusion in the ETS will start in 2023 and be phased in over three years a...

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