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European Parliament Agrees on Quotas for Decarbonization of Shipping

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The European Parliament has agreed to include shipping in the carbon dioxide emissions trading system (ETS), having finally approved a package of climate measures under the “Fit for 55” program. In particular, it is planned to allocate about $ 2 billion to support the decarbonization of shipping, usm reports.

The new rules should help reduce greenhouse gas emissions by 55% by 2033.

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According to the new rules, owners of large cargo ships will pay for permits covering 40% of emissions in 2024, 70% in 2025, and 100% from 2026. The rules do not apply to the auxiliary fleet and cargo ships with a gross tonnage of up to 5,000 units – the EU will review their status in 2026.

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