EU reaches deal to include shipping in ETS

Provisional agreement is still subject to an overall deal on the ETS revision in late December.

The European Parliament, the Council of the EU and the European Commission have reached a preliminary agreement on a proposal to include maritime emissions in the EU emissions trading system (ETS). As initially proposed by the Commission, not only journeys inside the EU but also sections of journeys from EU ports to third countries and from third countries to EU ports will be included. The rules will be phased in so that shipping companies will have to surrender allowances that cover 40pc of their emissions in 2024, 70pc in 2025 and 100pc in 2026. “It is very important to include ships in the EU ETS because that will encourage shipowners and operators to use the best available technology, an