Emissions trading

Endowed with 25 million CO2 emission rights from the EU's greenhouse gas emissions trading system, which at current prices are valued at 1.6 billion euros, the Islands Decarbonization Fund is set to get to work, leveraging investments of €3.8 billion for the 2025-2032 period.

The cost of carbon dioxide emissions into the atmosphere is set to be decoupled from gas prices in the European Union, marking a historic shift in the dynamic between the two markets, according to the head of natural resources research for the EMEA region at Goldman Sachs Group Inc.

Shipping and Island Policy Minister Christos Stylianides reiterated Greece's steadfast support for the EU's efforts to modernize the EU legislative framework for maritime safety, during an EU transport ministers meeting held on Tuesday in Luxembourg.

8 countries submit joint proposal to today's EU Competitiveness Council - What the multinational responds to protothema.gr

The increase to be announced is at 6.5% – How 19 allowances are affected

The Turkish energy exchange Enerji Piyasaları İşletme A.Ş. (EPİAŞ) and the European Energy Exchange (EEX) have signed a memorandum of understanding to underline their joint commitment to developing the Emissions Trading System (ETS) in Türkiye.

The European Commission has initiated four infringement procedures against Bulgaria, marking a formal notice sent to the country. Bulgaria now faces a two-month window to respond to the notice, or the Commission may proceed to issue a reasoned opinion.

Ticket prices for ferry routes between Greece and Italy have increased by approximately 5% starting Monday, in compliance with the European Union's decision to integrate maritime transport into the Emission Trading System (ETS). 

Shipping passengers must have noticed this summer that the vessels they are traveling on are getting old. Even though maintenance is good, the fact remains that the average age of Greece's passenger shipping fleet is 31, with many vessels having topped 40.

The European Union's major trading partners, including Türkiye, will be impacted by the bloc's carbon tax, experts have said.

The competition will intensify for the nations which are slow in preparations to comply with the carbon tax regulations, such as Türkiye, China, India, the U.S., the U.K. and Canada, they warned.