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Decarbonisation Sustainability EU

EU set to ringfence €10bn ETS revenue for maritime decarbonisation

  • New push to channel EU emissions revenues specifically into maritime decarbonisation investment
  • EU will align climate legislation with IMO if a net zero deal can be achieved in October
  • IMO decision outcome could yet affect the allocation of EU revenues
  • Potential delay to shortsea shipping ETS requirements to prevent shift from sea to road transport

  • Analysis

The EU’s forthcoming industrial maritime and ports strategy will set the policy agenda for shipping in Europe. Initial indicators point to a heavy focus on advancing the maritime sector’s decarbonisation agenda while preserving the bloc’s competitive edge on the global stage, but Emissions Trading System revenues will prove pivotal for shipping investment decisions

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