SEA TRANSPORT: EU EMISSIONS TRADING SYSTEM
Faced with the challenges of limiting global warming, the European Commission unveiled its European Green Deal in December 2019, with the political ambition of making the European continent carbon neutral by 2050. The transport sector, and shipping in particular, is a major contributor to carbon emissions, and is therefore an integral part of the Green Deal. Measures are being put in place to adapt to the new regulations. This will be followed by the introduction of a carbon tax, calculated on each maritime shipment, as of January 1, 2024.