carbon market

UK Carbon Market Extends to Domestic Shipping from July 1, 2026

The United Kingdom extended its emissions trading scheme to domestic shipping on July 1, 2026, covering cargo and passenger vessels of 5,000 gt and above. Operators must monitor CO2, methane, and nitrous oxide emissions and surrender UK allowances. The scheme is separate from the EU ETS, adding a new compliance layer for operators trading around the UK.