On 5 June 2023, all revisions of the EU emissions trading system (‘ETS’) Directive entered into force. The ETS Directive on Shipping obliges ships to surrender Emission Unit Allowances (EUAs) to compensate for their CO2 emissions.
Despite previous calls for the postponement of the implementation of the ETS Directive which has been described as being discriminatory against European Mediterranean ports as well as non-European ports in the Mediterranean, Member States were due to transpose the changes by 31 December 2023 with the revised ETS Directive applying from 1 January 2024.
The…
