EU agrees to “watershed” inclusion into the carbon market for…
EU negotiators have agreed to bring shipping into the EU’s carbon market, the ETS, showing that pricing international emissions is possible. Shipping, (as well as aviation) is one of Europe’s largest CO2 emitters, but so far it has not been fully included in the Emissions Trading System. It means that shipping polluters will have to pay and shows that the EU can regulate emissions beyond its borders. There had been claims in the past that shipping and aviation could not be included, as much of their emissions take place outside the EU’s borders. T&E wants the same equally ambitious scheme for aviation, so it is fully in the ETS. Currently only flights within Europe are included, not those outside it, which make up about 60% of total European aviation CO2 emissions. EU negotiators will be discussing aviation emissions next week, and there is no reason for aviation to not be treated in the same manner as shipping. .Tweet EU agrees to “watershed” carbon market for shipping, eyes now on aviation 30th November 2022 Transport & Environment (T&E) EU negotiators agree to bring shipping into the ETS, showing that pricing international emissions is possible. EU negotiators last night agreed to bring shipping into the EU’s carbon market (ETS) in a “watershed moment” for one of Europe’s heaviest emitters.The landmark deal will ensure shipping polluters pay and shows that the EU can regulate emissions beyond its borders, says T&E. The group calls on negotiators to do the same next week when they discuss an expansion of the ETS for aviation. Jacob Armstrong, sustainable shipping officer at T&E, said: “The EU’s deal marks a watershed moment for shipping decarbonisation. No longer will shipping be let off the hook for its massive climate impact. No longer will international emissions be ignored by national policymakers. With this ambitious ETS covering all greenhouse gases[1], offshore vessels and ensuring funding for green shipping, the EU has thrown the gauntlet down to other jurisdictions like the US, China, and Japan to make this hugely important first step towards zer
