Shipping braces for $3.4bn — and rising — EU carbon trading bill

Owners operating in European Union waters are offered help to cope with carbon allowance expenses, red tape — and maybe even to make some money off them on the side

By 2026, maritime players will have to cough up €8.4bn ($9.2bn) on EU emissions allowances, estimates Benjamin Gibson of Hecla Emissions Management.
By 2026, maritime players will have to cough up €8.4bn ($9.2bn) on EU emissions allowances, estimates Benjamin Gibson of Hecla Emissions Management.Photo: Harry Papachristou
Published 7 July 2023, 10:44Updated 10 July 2023, 14:43
DecarbonisationEU ETSEuropean UnionWilhelmsen Ship ManagementAffinity (Shipping)