FuelEU fudges highlight complexity of carbon trading
- LNG operators find themselves with EU compliance windfall, and hope biomethane could prolong it
- Risk of LNG lock-in could go global if IMO credit trading plan prevails over carbon levy, say detractors
- Shipping companies left ‘begging’ for simpler global rules
FuelEU Maritime was meant to be about cutting carbon, not paper trading. But industry is finding ways to profit from carbon trading loopholes. The IMO should take note as it mulls whether to take credit trading global