EU's new carbon tax on ships a 'significant development'

Danish shipping giant AP Moller-Maersk has ordered 25 emissions-friendly vessels. (Image: iStock)

Fri, 22 Sep 2023

The jury is out on the cost implications of the European Union’s move to clip on an emissions surcharge for all ships into EU ports.But with EU carbon pricing sitting at more than double the New Zealand unit level, it’s not likely to be cheap.The move follows new legislation requiring cargo and passenger ships of more than 5,000 gross tonnes for their carbon emissions under an expanded EU emissions trading scheme (ETS) from January 1 next year.The EU ETS, the world’s first emissions trading system, aims to reduce greenhouse ga...

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