EU ETS and Shipping

Global Publication July 2021

On 14 July, the EU Commission’s draft legislation to update the Green Deal, “Fit for 55” (referring to the 55% target reduction in carbon emissions by 2035) was released, containing a number of proposals which could impact the maritime sector. This article examines the proposed amendments to current EU ETS legislation to bring shipping within the ambit of the scheme. The draft legislation is intended to apply to any vessel visiting an EU port, whether from another EU port or from a port outside the EU, regardless of flag state or the jurisdiction of incorporation of the owner of a vessel and so, if passed, will have significant effect on the shipping industry.

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