US EditionMultiple Emissions Trading Systems Govern Maritime Industry
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Multiple Emissions Trading Systems Govern Maritime Industry
As the global shipping industry strives toward the net-zero 2050 target, multiple emissions trading systems (ETS) or schemes govern maritime emissions. The emissions trading system or scheme is a market-based, cost-effective approach to reducing greenhouse gas (GHG) emissions. Also known as a ‘cap and trade’, the system motivates companies and other entities to cut emissions UK maritime ETS will initially cover domestic voyages with 100 percent …
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