FEPORT, ETA, EMPA, and ECASBA, representing EU port stakeholders, express concerns about the potential risks of cargo diversion due to the EU ETS for shipping. The organizations call for an immediate assessment of the impact of the ETS on EU ports to address the risk of shipping lines choosing non-EU ports to avoid additional costs. The lack of consideration for ports during the ETS discussions may lead to detrimental effects on employment, economic activity, and emissions reduction objectives. The stakeholders urge the EU Commission to conduct a study promptly and advocate for a global ETS while exploring bilateral agreements with neighboring countries.

SOURCE: GOOGLE