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Cape rerouting results in emissions surge

Transportation
Mar 27, 2024
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Ships diverting via the Cape of Good Hope significantly boost fuel consumption and emissions. Model analysis indicates a near-tripling of EU Allowances (EUAs) needed to offset emissions, starting from the current 40% liability requirement under the three-year phase-in of the EU ETS from January 1, 2024, and escalating to 70% next year and 100% by 2026.

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