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EU shipowners demand €30bn to bridge green fuel gap as ETS burden bites

CLAVE 1 / 4European shipowners demand 330 million carbon allowances for the SMAP mechanism, triple the EU Commission’s proposal.

CLAVE 2 / 4Shipping accounts for 10% of EU ETS emissions but pays nearly 20% of auction revenues, without free allowances.

CLAVE 3 / 4The sector faces an annual €9bn carbon bill at €100 per allowance, with no transitional support since 2024.

CLAVE 4 / 4ECSA warns the EU’s 110 million allowances cover only a third of the €30bn needed for green fuels and efficiency upgrades.

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