Efforts to reform the EU’s Emissions Trading System are facing an uphill battle in 2022, including a proposed expansion into shipping that comes during an energy cost crisis in Europe that threatens to dampen willingness to accept tougher environmental regulations. EU carbon prices surged to an all-time high of Eur90.75/mt ($102.34/mt) Dec. 8, prompting calls …
The post EU on collision course with shipping over carbon market reforms first appeared on Hellenic Shipping News Worldwide.