The European Parliament has approved reforms to the European Union’s (EU) Emissions Trading System that will now include emissions from maritime and aviation. Once ratified by EU member states, the new ETS rules covering maritime will be phased in over three years and require operators of vessels over 5,000 gt to pay for emissions allowances...Read More

Carbon pricing is the value ascribed to the external costs – usually social costs – of pollution emitted by an industry. The price on carbon emissions is applied either through a carbon tax or an emission trading system. Carbon tax is the price that governments impose on polluters for each metric ton of carbon dioxide...Read More