The European Union’s extension of its Emissions Trading Scheme (ETS) to shipping has sent ripples across Mediterranean ports, and even Cyprus is feeling the undercurrents.
Starting January 1, 2024, any vessel over 5,000 gross tonnage calling at an EU port is subject to carbon pricing, initially covering 40 per cent of emissions, rising to 70 per cent in 2025 and full coverage by 2026, when methane and nitrous oxide are
