Ships Across the World Face Hefty $3.6 Billion Climate Bill
- The EU’s Emissions Trading System for vessels kicks in Jan. 1
- Shipping firms may look to exploit loopholes in years to come
Exhaust gases rise from the funnel of a container ship in Hamburg.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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Ships sailing to European ports face a combined carbon emissions bill of $3.6 billion next year, the start of a levy that’s almost certainly going to rise as the continent steps up efforts to combat climate change.