Hello Queseanians,
UK is following the EU’s footsteps and incorporating shipping into its Emissions Trading Scheme (ETS) starting in 2026.
This development comes after the UK, Scottish, Welsh, and Northern Irish governments introduced the UK ETS earlier this year, which places emission limits on energy-intensive sectors.
Companies will be required to obtain allowances for each tonne of emissions released annually.
It is important to note that the UK ETS regulation for the shipping industry is limited to domestic and will apply to ships of 5000 GT and above.