ETS scheme for shipping gets nod in European Council

Environment ministers in the European Council (EC) have agreed to include maritime shipping emissions within the scope of the EU emissions trading system (ETS), part of the “Fit for 55” package.

The scheme aims to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels.

The Council agreed to phase in shipping until 2026, accepting the European Commission proposal on the gradual introduction of obligations for shipping companies to surrender allowances for all emissions on trips within the EU and 50% on voyages between EU and non-EU ports for vessels with a gross tonnage of over 5,000 tonnes.

The agreement also included redistributing 3,5% of the ceiling of the auctioned allowances to member states heavily dependent on shipping and proposed transitional measures for small islands, outermost regions, Cyprus, Malta and ice-class vessels.