Tag: Emissions Trading System (ETS)

Cargo owners seeking to determine their Scope 3 emission liabilities from the logistics chain must contend with multiple calculation methods from different shipping lines that will affect their costs exposure to the EU ETS for shipping, UECC highlights.

According to Lloyd’s Register, from 1 January 2024, maritime emissions will be included in the European Union Emissions Trading System (EU ETS). This means the acquiring and surrender of emission allowances for ships over 5,000GT that call at a port or anchorage within the European Economic Area (EEA – EU plus Norway and Iceland).

As the European Tugowners Association (ETA) warns, the risk of cargo diversion as a result of the inclusion of shipping in the European Emissions Trading System (ETS), that is coming into force next January, is becoming a reality. 

Jacob Clausen, Performance Director, NAVTOR, simplifies the complexities of the EU Emissions Trading Scheme (ETS) with a high-level look at the regulatory horizon, allied to a clear lowdown on how shipowners and operators can mitigate risks, manage costs and comply.

During the European Environment Council, ministers from Italy, Greece, and Portugal expressed their concern on the impact of the EU emissions trading system (ETS) on maritime freight transport.

CMA CGM aims to explain how the European Union Emissions Trading System apply to shipping to reduce greenhouse gas emissions.

The ABS (American Bureau of Shipping) Regulatory News report provides the necessary guidance to shipping companies for timely compliance with the EU ETS Directive requirements.

Valenciaport highlights that has detected many risks in the imminent implementation of the European environmental tax – Emissions Trading System (ETS), which will be applied gradually from this year until its full implementation in 2026.

In its reply to the public consultation held by the EU, the European Sea Ports Organisation (ESPO) reiterates its support for an emission trading scheme, but expresses its serious concern about first signs of carbon and business leakage due to the limited scope of the current legislation.

Bureau Veritas and OrbitMI have announced a strategic collaboration to accelerate the development of data-driven decarbonization solutions for the maritime industry.