Not to reduce emissions from the maritime sector

As is well known, EU climate action is focused on achieving zero net emissions by 2050. One of the tools to achieve this goal is the EU's Carbon Emissions Trading System (EU ETS). So far, power plants, factories and airlines operating European flights have been obliged to purchase CO2 emission allowances. However, German MEP Jutta Paulus submitted a proposal to add CO2 emissions from the maritime sector to the EU ETS from 2022, which already at this stage met with significant opposition from Japan, South Korea and the fleet of international shipping groups. According to Asian countries, such steps could increase trade tensions and create additional emissions, as ships will not stop operating, but will only choose a longer route to avoidEurope. In turn, the Baltic and International Shipping Council (BIMCO) and the World Shipping Council (WSC) noted that due to the lack of cost-effective emission reduction technologies, it is far too early to add shipping emissions to the EU ETS.In addition, the International Maritime Organization (IMO) is developing a global plan to halve greenhouse gas emissions from maritime transport by 2050 and concludes that the EU plan undermines these efforts.