The EU plans to include ships heading to European ports in the Carbon Emission Trading System (ETS) program starting from January 1, 2024, with an estimated $3.6 billion in carbon emissions compensation for Europe in 2024. That is to say, shipping companies must purchase carbon compensation for the carbon emissions manufactured by ships sailing between two EU ports; If the EU and non EU ports have ships traveling between them, they must bear 50% of the carbon emission cost.
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