Shipping Giants Clash With The EU Over Emissions Plans ...Middle East

Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market. As the 27-country EU seeks to steer its economy towards “net-zero” emissions by 2050, the executive European Commission wants to expand its carbon market to shipping. Currently, the policy requires power plants, factories, and airlines running European flights to buy pollution permits to cover their emissions. The proposal, formally due…

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