Integration into the EU ETS This year, international shipping will be inte-grated into the EU Emissions Trading System (EU ETS) alongside the energy sector, ener-gy-intensive industry and aviation. This inte-gration is intended to contribute to a further significant reduction in greenhouse gas emis-sions. Globally, shipping accounts for around 2.9% of CO2 emissions, while in the EU this figure is 3.7%. The new regulations provide for a gradual introduction of the obligation to purchase emission allowances for shipping. Specifical-ly, this means that from 2024, 40% of emis-sions must initially be covered by EUAs, with this proportion rising to 100% by 2026. …

It is not always so easy with regulation. What was well-intentioned on the part of politicians can sometimes lead to a certain amount of frowning on the part of investors in practice, as the still relatively new regulations do not always have the necessary degree of maturity that investors would like to see. A good example is the EU Disclosure Regulation. The basic idea behind the Disclosure Regulation is easy to explain: in principle, it is about creating incentives to channel as much capital as possible into areas that enable or promote a sustainable economy. The Disclosure Regulation helps to …