Tag: Emissions Trading System (ETS)

UK ETS Authority outlines intention to include the maritime sector in the scheme, proposed changes coming into effect from 2026.

The EU MRV regulations form the foundation for the EU ETS, with emissions data serving as the  basis for the allowances shipping companies must purchase. Even though the EU ETS currently applies to ships of 5000 GT and above, it is expected that general cargo and offshore vessels between 400 and 5000 GT will be included from 2027.

According to Bloomberg, authorities in China have started to ask some overseas shipowners to report on their carbon emissions, highlighting greater scrutiny of the industry as the regulatory framework shifts. 

Environmental campaigners, led by Transport & Environment (T&E), are urging the UK government to integrate the country’s share of maritime greenhouse gas emissions into the United Kingdom Emissions Trading Scheme (UK ETS).

A new white paper by Dr. Jeroen Dierickx for the Methanol Institute finds that the EU’s FuelEU Maritime Regulation and Emissions Trading System (ETS) will create a level playing field for bio- and e-methanol, making them competitive with fossil marine fuels.

The Turkish parliament has approved a carbon pricing mechanism for the shipping sector, allowing Turkey to tax emissions from commercial ships entering and departing its seaports.

Validation of voyage emissions data and contractual arrangements for allocation of EU ETS costs remain key challenges for Greek shipowners as they face an estimated total €335m bill this year, potentially rising to €1bn once the regulation is fully implemented, according to OceanScore.

During the 2024 GREEN4SEA Athens Forum, Andreas Philippou, CEO of Dromon Bureau of Shipping, delivered a presentation focused on the EU ETS (European Union Emissions Trading System) and its impact on the EU MRV (Monitoring, Reporting, and Verification) framework.

BIMCO has developed a standard mandate for use when the parties to a ship management contract agree to give a mandate to an organisation or person to comply with obligations under the European Union Emission Trading System (ETS).

RINA answers frequently asked questions regarding EU's Emissions Trading System (ETS) and addresses key points for compliance.