![]() ![]() The ETS objective is to reduce emissions by 62% from 2005 to 2030. It is reduced annually, at fixed intervals, in line with the EU’s climate target. A cap is a threshold, defining the total amount of greenhouse gases that can be emitted by the operators covered by the system. ![]() The EU Emissions Trading System (ETS) is a ‘cap-and-trade’ system. Some derogations will apply, for instance for certain voyages to outermost regions or some small islands, or to the benefit of ships using renewable fuels. 50% of the emissions from ships performing voyages departing from a port outside the jurisdiction of an EU Member State and arriving at a port under the jurisdiction of an EU Member State (e.g. ![]()
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