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EU Carbon Trading Scheme Takes Effect, USD 2.9 Billion due by September
The European Union’s Emissions Trading System (EU ETS) has entered its first payment phase for the shipping industry. By September 30, 2025, shipping companies must make their first payments under the scheme. Shipping consultancy Drewry estimates that around 13,000 vessels fall under its scope. For now, companies are required to surrender 40% of EU Allowances (EUAs) for each