The European Commission has adopted a report on the implementation of the EU Emissions Trading System (ETS) for shipping that indicates there is no evidence of major changes in the market that
The European Commission has adopted a report on the implementation of the EU Emissions Trading System (ETS) for shipping that indicates there is no evidence of major changes in the market that might indicate it is being circumvented.
The EU ETS was extended to include maritime transport from January 1, 2024. The report provides an initial analysis of the impacts of this recent policy development that covers around 12,000 large ships.
The report’s analysis of shipping traffic data does not show evidence of a general trend in relocation of container transhipment activities, nor does it bring to light any clear evidence suggesting that shipping companies are adding stops at neighboring non-EU ports.
Furthermore, the data provides no evidence of a modal shift towards road transport or an increase in the use of smaller ships, which might have suggested evasive behavior.
Forward-looking indicators, including route announcements and planned investments in ports, similarly reveal no discernible trends indicating a general change in market behavior, despite identifying a few isolated cases of potential circumvention. Furthermore, the report finds no evidence of reduced shipping services to EU islands or outermost regions.
In tandem, the Commission adopted another maritime report assessing the potential inclusion of
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