Tag: Emissions Trading System (ETS)

Data sharing is needed for decarbonisation and emissions trading might be a proving ground says Christian Råe Holm, Head of Performance Management, Coach Solutions.

A hotly debated topic regarding the extension of the EU Emission Trading Scheme (EU ETS) to include maritime emissions, is who should be responsible for submitting emissions allowances on the relevant submission date to the relevant administering authority (ETS obligations), in particular in instances where a shipowner has delegated the responsibility to comply with the ISM Code to a manager, highlights Dr. Clemens Hillmer LL.M., WFW Hamburg Partner.

SQE MARINE consulting firm provides guidance on the new EU MRV regulation, which was amended to support EU-ETS requirements.

As global temperatures increase, and the effects of climate change become more apparent, prominent organizations take steps to limit emissions in order to build a more sustainable shipping industry.

Stylianos Mourtzanos, Marine/ Vetting - HSQE Superintendent, explains how the lack of a regulatory framework for emissions trading schemes (ETS) will challenge IMO's decisions during latest MEPC.

According to a new report by Transport & Environment (T&E), EU’s landmark green shipping law will still leave the bloc dependent on fossil fuels beyond 2050.

As Hecla Emissions Management estimates in regard to EU ETS, the shipping industry could be liable for €3.1 billion in 2024, €5.7 billion in 2025 and €8.4 billion in 2026.

The UK Emissions Trading Scheme Authority has announced a package of reforms to tighten limits on industrial, power and aviation emissions from 2024.

According to DNV, Emissions for the EU Emission Trading System (EU ETS) will be reported and verified through the EU MRV system, which will be revised to cover GHG emissions, ship types and sizes.

DNV, in its latest white paper “Biofuels in shipping" has reported that the flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonization while maintaining operational efficiency. However, current limitations in production capacity, may impact short-term supply and create stiff competition with other sectors.