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Regulation: Brussels seeks to bridge GHG emissions governance gap

All eyes are on Europe as the Fit for 55 package makes its way through the EU Parliament. The International Maritime Organization will talk much but do little about market-based measures

Talks over carbon levies and cap-and-trade schemes will be fleshed out at the IMO but nothing will be approved in 2022. Fights will continue over its climate ambition. In Europe, shipping groups will lobby over the scope of the Fit for 55 plan and who should pay its costs

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