Energy

Why shipowners are concerned about a revamp to Europe’s carbon market

0


The container ship Maersk Murcia sits moored to a terminal in the port of Gothenburg, a busy shipping centre on the west coast of Sweden, as cargo is loaded onto it by crane before it sets sail on August 24, 2020.

JONATHAN NACKSTRAND | AFP | Getty Images

LONDON — The European Union is due to propose an unprecedented overhaul to its carbon market this week, seeking to put a price on shipping emissions for the first time.

And the region’s shipowners are deeply concerned.

The European Commission, the EU’s executive arm, is set to present its green fuel law for EU shipping on Wednesday. It is part of a broader package of reforms designed to meet the bloc’s updated climate targets.

To be sure,…



Source cnbc.com

India’s e-commerce giant Flipkart raises $3.6 billion in fresh funds

Previous article

For SPACs, one characteristic seems to determine the investing winners from losers

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Energy