EU agrees preliminary ETS deal for shipping

By 2 December 20222022 Newsletter week 48
December 2, 2022

The European Parliament, the Council of Ministers represented by the Czech Presidency and the European Commission agreed preliminarily on the conditions on how to include maritime emissions in the EU ETS during the so-called trilogue on Tuesday 29 November.

As proposed by the Commission, not only trips inside the EU but also trips from EU ports to third countries and for third countries to EU ports (50%) will be included.

European shipowners welcome the outcome of yesterday’s trilogue negotiation and the provisional agreement on the EU ETS maritime. The Parliament and the Council have embraced the calls of the industry stakeholders to earmark  EU ETS revenues back to the maritime sector to support its energy transition.

At least 20 million ETS allowances, which correspond to 1.5 billion EUR under the current ETS carbon price, will be allocated to maritime projects under the Innovation Fund.

The provisional agreement on shipping is subject to an overall agreement on the ETS revision in late December.