EU ETS Review Must Protect Shipping Competitiveness, Says ECSA

EU ETS review must protect shipping competitiveness, says ECSA

European shipowners want the carbon tax simplified and its revenues used to close the cost gap between conventional and sustainable marine fuels.

European Shipowners urge Commission to deliver on key EU ETS conditions

European shipping represents a geopolitical asset for Europe, facilitating the export and import of goods, food and energy. While the EU represents around 15% of the global GDP, the European shipping fleet is one of the largest in the world, representing around 34.5% of the world fleet in terms of global tonnage across all segments. Ahead of the publication of the new EU ETS proposal on Friday, European Shipowners | ECSA set out the conditions t…