News / EU ETS: 'the polluter pays', but the price 'must be more transparent'

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Shipping lines now paying EU ETS surcharges, under ’the polluter pays’ principle, will pass these costs down the value chain – but there are fears the surcharges might not be accurate.  

The EU ETS came into effect on 1 January, requiring vessel owners to buy EU allowances (EUAs) that correspond with the per-tonne carbon emissions of their ships that call at EU ports.

The market-based price of EUAs remains highly volatile, as they correspond with the bidding nature of purchase.   

The MD ...