December 1, 2022
EU legislators have finally agreed on the revision on the EU ETS, meaning that shipping emissions will from 2024, for the first time in history, have a cost.
The idea of adding the maritime sector to the EU’s carbon market was first raised a decade ago, but on Tuesday 29th December EU legislators finally reached an agreement.
From the charterer's perspective these are the most important takeaways from the agreement:
The agreement on the maritime sector was only one part of a wider revision of theETS. The negotiations will continue, with the next and potentially final talks due to start 16th December. Read updated article.
It is now clear that shipping emissions will have a cost from 2024. Charterers will be impacted by increased freight costs and should start preparing. By understanding how their chartering and shipping decisions influence emissions, charterers can reduce emissions and cost exposure. Contact the Siglar Carbon experts to get prepared.
EU legislators have finally agreed on the revision on the EU ETS, meaning that shipping emissions will from 2024, for the first time in history, have a cost.
The idea of adding the maritime sector to the EU’s carbon market was first raised a decade ago, but on Tuesday 29th December EU legislators finally reached an agreement.
From the charterer's perspective these are the most important takeaways from the agreement:
The agreement on the maritime sector was only one part of a wider revision of theETS. The negotiations will continue, with the next and potentially final talks due to start 16th December. Read updated article.
It is now clear that shipping emissions will have a cost from 2024. Charterers will be impacted by increased freight costs and should start preparing. By understanding how their chartering and shipping decisions influence emissions, charterers can reduce emissions and cost exposure. Contact the Siglar Carbon experts to get prepared.
