ETS Shipping (3): European Shipowners say that “earmarked revenues can mark a turning point for shipping’s decarbonisation

European shipowners welcome the formal approval of the new EU ETS law. Earmarking a part of the revenues of the Innovation Fund for the maritime sector can mark a turning point in the decarbonisation of the industry.

At least 20 million ETS allowances, which correspond to around 2 billion Euro under the current ETS carbon price, will be allocated to maritime projects under the Innovation Fund.