acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Transport & Environment — 2024-11-15
News from Brussels
Regional laws can play a beneficial role in global decarbonisation
This study examines the impact of the EU’s Emissions Trading System (ETS) to global shipping. We demonstrate that the ETS has limited negative impact on Small Island Developing States (SIDS) and Least Developed Countries (LDCs) and could in fact be a net gain to those countries if the EU extends its carbon pricing mechanism to all ships calling at European ports, then distributes the extra revenues in the form of climate finance.
Finally, the study proposes a novel concept, ‘ETS-as-a-service’, as a means for neighbouring countries to generate revenue and decarbonise their own shipping emissions.