Shipping firms in wait-and-see mode as newbies in EU carbon trade
February 29, 2024 Comments Off
Shipping companies have shown little appetite in accumulating EU emission allowances despite their prices near multi-year lows, adopting a risk-averse approach instead as newcomers to the European compliance carbon trade, market participants said in some International Energy Week events. To help counter climate change, Brussels has extended the Emissions Trading System to cover maritime transportation from this year, requiring companies…
Shipping firms in wait-and-see mode as newbies in EU carbon trade
Shipping companies have shown little appetite in accumulating EU emission allowances despite their prices near multi-year lows, adopting a risk-averse approach instead as newcomers to the European compliance carbon trade, market participants said in some International Energy Week events. To help counter climate change, Brussels has extended the Emissions Trading System to cover maritime transportation from this year, requiring companies…
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