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EU agrees preliminary ETS deal for shipping

December 1, 2022

EU institutions have hammered out a preliminary agreement to include shipping within the scope of the emissions trading system (ETS).

Under the deal struck late Tuesday evening, all ships of 5,000 gt and over within the EU will be required to pay for 100% of their emissions, while 50% of the emissions on voyages between EU and non-EU ports will be covered.

The percentage of emissions covered will increase over time, starting at 40% in 2024, moving to 70% in 2025, and reaching 100% by 2026. These figures still need to be confirmed by member states during the next negotiating round.

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