Loopholes in the European Commissions carbon price proposal lets millions of CO2 emissions off the hook
In July 2021, the European Commission published a set of proposals to decarbonise the maritime sector. However, the proposed carbon pricing scheme and the low GHG fuel standard will only apply to ships above 5,000 GT and exclude a number of ship types such as offshore vessels, fishing vessels and yachts.
These proposals will play a crucial role in the future of the sector. It is therefore crucial that the thresholds and exemptions that determine which ships fall under the regulations are justified. T&E has analysed the current proposals to find that too many heavily emitting ships would be let off the hook. T&E instead recommends a system which is based on an emissions threshold and not based on size.
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