Recently, the European Union added shipping to its carbon market. What this means, is now shipping vessels will be required to pay for their emissions, putting a financial incentive on being more environmentally conscious and forcing the entire sector to begin reducing emissions.

This deal which was agreed to by lawmakers and negotiators from the 27-country block would all to the carbon market all carbon dioxide, methane and nitrogen emissions from maritime voyages within the EU.

Yesterday, The European Securities and Market Authority (ESMA) published their final report on the European Union Carbon Market. Key findings from the ESMA website note that while there weren’t any major deficiencies found, there are a few policy recommendations that to no surprise, end up centralized around transparency and monitoring.

Yesterday, The European Securities and Market Authority (ESMA) published their final report on the European Union Carbon Market. Key findings from the ESMA website note that while there weren’t any major deficiencies found, there are a few policy recommendations that to no surprise, end up centralized around transparency and monitoring.