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.

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