Tag: Emissions Trading System (ETS)

What does “sustainable” mean and what is the role of regulation in helping this “sustainable” finance?

The Union of Greek Shipowners (UGS) welcomed the proposed revisions of the EU ETS Directive regarding the shipping sector.

The World Shipping Council (WSC) acknowledged the important milestone that has been reached following the adoption of the European Parliament’s position on the EU ETS proposal, but called for further improvements.

ECSA welcomed the strong cross-party support by the plenary of the European Parliament for key provisions under the revised Emission Trading System for shipping.

The EU Parliament has voted in favour of extending its carbon market to shipping and road transport.

Transport and Environment (T&E) published its views in response to the questions posed in the Developing the UK Emissions Trading Scheme (UK ETS) consultation.

In a plenary vote on 8 June, the European Parliament rejected several amendments to the EU Emissions Trading System (ETS) agreed in May by the EP’s Environment Committee (ENVI).

ECSA and the green group Transport & Environment (T&E) have joined forces to call on EU countries and the members of the European Parliament to introduce necessary amendments to the FuelEU Maritime Regulation proposal, with the aim to align it with EU Climate Law and Paris Agreement goals.

Following the recent news that the European Parliament recognizes the structural role of the commercial operators in shipping and the need for a sector-dedicated fund, the Union of Greek Shipowners (UGS)  welcomed the adopted position, highlighting that the “polluter pays” principle is the cornerstone of the EU environmental legislation.

The World Shipping Council (WSC) welcomed this step towards the achievement of the goals of the EU Green Deal but stresses that improvements to the ETS proposal are still needed.