uk-emissions-trading-scheme
The expansion of the UK Emissions Trading Scheme to maritime transportation is adding another layer of emissions costs and compliance requirements for shipping companies, with BIMCO warning shipowners and charterers to review contracts governing responsibility for emissions allowances.
The UK ETS expanded to maritime activity July 1, initially covering domestic voyages between UK ports and emissions generated by vessels while in UK ports, including time spent at berth or anchorage.
The expansion ...
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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 ...
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