uk-emissions-trading-scheme

UK Maritime Carbon Rules to Take Effect July 1

The United Kingdom will expand its Emissions Trading Scheme to domestic maritime shipping from July 1, bringing cargo and passenger vessels of 5,000 gross tons and above into the country’s carbon-pricing regime and prompting carriers to introduce new customer surcharges tied to compliance costs. Under the expanded UK ETS, operators will be required to monitor, report and surrender carbon allowances covering all greenhouse gas emissions generated on domestic UK voyages and ... [+]