Shipping fully drawn into Emissions Trading System by 2026 under EU proposal
By Giulia Bedini ( July 14, 2021, 13:50 GMT | Insight) -- Shipping companies will have to buy and use emissions allowances for their voyages to, from and within the EU from 2026 or face fines and denial of access to ports in the bloc, according to a European Commission proposal today that seeks to extend the existing Emissions Trading System to maritime transport. The program will be gradually phased in from 2023, and fully operational by 2026.Shipping companies will have to buy and use emissions allowances for their voyages to, from and within the EU from 2026 or face fines and denial of access to ports in the bloc, according to a European Commission proposal today that seeks to extend the existing Emissions Trading System to maritime transport. ...
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.