Shipping: Navigating the EU ETS Market Challenge
The shipping industry inclusion in the EU ETS market is a game changer for its operations moving forward. In its latest weekly report, shipbroker Intermodal said that “throughout 2023, the EU ETS market navigated through a year of remarkable volatility, observing both record highs and extended lows against the backdrop of evolving energy strategies, policy reforms, and global economic shifts. The average EU carbon price stood at €85.27/mt, momentarily peaking over €100/mt in February to set an unprecedented high. Although prices receded from these heights, they remained notably stable for ...
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