Briefing

T&E analysis of EU taxonomy criteria for shipping

April 5, 2023

Estimating the eligibility of fossil LNG ships

The European Commission is currently finalising the criteria for shipping to be included in EU taxonomy rules, a classification system establishing which investments can be environmentally sustainable. Under the draft criteria proposed by the Commission for consultation in view of a Delegated Act, ships running entirely on fossil fuels could qualify as best in class technology, and thus eligible to green finance under future EU rules. This briefing takes a look at the implications of the new criteria for shipping companies and financial institutions.

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