Greek shipping minister calls for special EU Fund to ensure carbon price stability, ahead of ETS

Official Greece this week continued to upgrade its “green” agenda with the relevant shipping minister proposing an “alternative approach” in protecting the Union’s ocean-going fleet, namely, the creation of a special EU fund – under the auspices of the Emissions Trading System (ETS) – to ensure carbon price stability.

Shipping and Island Policy Minister Yannis Plakiotakis announced the proposal ahead of the planned inclusion of the maritime shipping sector in the Union’s trading scheme.

Plakiotakis said such a fund would reduce business risks for European operators, while reducing financial and administrative burdens for thousands of SMEs active in the sector throughout Europe.

Greek shipping interests control roughly half of the EU’s fleet.