EnergyWatch

EU Commission doubts green fund for European shipping companies

A ban on state subsidies to companies in the EU could stand in the way of European shipowners’ desire to fund their green transformation via the EU’s CO2 trading system, says EU Commission maritime transport director.

Magda Kopczynska is director for marine transport with the EU Commission. | Photo: EU-Kommissionen/European Commission

Shipping companies’ desire to earmark three fourths of the future income from the European Union’s Emissions Trading System (ETS) for financing shipping’s green transformation, could prove difficult to fulfill in practice.

Thus warned Magda Kopczynska, director for maritime transport with the European Commission, Wednesday during the conference Decarbonizing Shipping II in Copenhagen, arranged by Danish Maritime, Danish Shipping and ShippingWatch.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ukrainian utility hit by cyberattack

Russian hackers have allegedly carried out a cyberattack against the largest privately owned utility in Ukraine, DTEK Group. The perpetrators’ goal was to destabilize, the company reports.

Further reading

Related articles

Latest News

See all jobs