News > EU plans to slap new climate norms on foreign cos, includes shipping in ETS

EU plans to slap new climate norms on foreign cos, includes shipping in ETS

Tech Observer | 15/07/2021 03:42 PM | Click to read full article

The European Commission has come down heavily on carbon dioxide emitters while including shipping in Europe’s emissions trading system (ETS).

The move is likely to make the cost higher for polluters under Brussels’ plans to meet the European Union’s climate targets. The EU ETS, which forces emitters to pay for each tonne of carbon dioxide they generate, is the keystone of an EU drive to cut net greenhouse gas emissions by 55% from 1990 levels by 2030.