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European shipowners urge EU to redirect carbon earnings towards cleaner technologies. · Cyprus Report

Business · World

European shipowners urge EU to redirect carbon earnings towards cleaner technologies.

1 sourceFirst reported 6 hours agoUpdated 6 hours ago

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European shipowners are calling on the European Commission to stop double carbon charges imposed on the shipping industry.
They are requesting the redirection of billions raised from shipping to be used for cleaner fuels and technology.
The shipowners emphasize that the EU Emissions Trading System should facilitate the industry's transition to sustainability.
They warn that failing to do so may undermine their competitiveness and the broader efforts to reduce greenhouse gas emissions.
The call for action comes as the industry looks for support to meet environmental targets effectively.

Generated by AI from the 1 sources below · always verify with the originals

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AI summary: catch up in 20 seconds

European shipowners are calling on the European Commission to stop double carbon charges imposed on the shipping industry.
They are requesting the redirection of billions raised from shipping to be used for cleaner fuels and technology.
The shipowners emphasize that the EU Emissions Trading System should facilitate the industry's transition to sustainability.
They warn that failing to do so may undermine their competitiveness and the broader efforts to reduce greenhouse gas emissions.
The call for action comes as the industry looks for support to meet environmental targets effectively.

Generated by AI from the 1 sources below · always verify with the originals