Norton Rose Fulbright LLP

10/26/2021 | News release | Distributed by Public on 10/26/2021 08:25

EU Green Deal and Maritime Fuel

As we reported here, in July 2021 (and have since revisited), the EU published its update to the 'green deal', known as "Fit for 55" in reference to the 55% reduction in carbon emissions targeted for 2030. A large number of the "Fit for 55" proposals affect shipping: a prime example is the draft measure to extend the scope of the EU Emissions Trading System (EUETS) to include maritime transport. The EU also proposed a trio of measures which relate to maritime fuel, which we examine in this article.