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Crackdown on emissions from the EU

by Port News Editorial Staff

A major step forward in reducing carbon dioxide emissions by 2030 and including shipping within the ETS, the Emissions Trading System.

This is what led the European Parliament to vote in favour of this plan today at the plenary session in Strasbourg.

In particular, the lawmakers have adopted the proposal signed by the Greens MEP, Jutta Paulus, to oblige the 11,500 thousand ships being monitored by the Monitoring, Reporting and Verification (MRV) system to reduce carbon dioxide emissions by 40% by 2030.

An integral part of the proposal is also the inclusion of shipping in the ETS starting from the beginning of 2022. The Emissions Trading Scheme works in a fairly intuitive way: a cap on emissions is set and gradually lowered every year. Within the limit set, companies can receive or buy emission allowances and exchange them with each other. The allowances have a value: at the end of each year, companies must surrender enough allowances to cover emissions if they do not want to incur fines.

From tomorrow onwards, negotiations will therefore begin with the Member States in order to produce the final legislation on the matter.

Translation by Giles Foster

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