EU ETS Maritime
The EU ETS (EU Emission Trading System) is a market instrument used by the EU to reduce greenhouse gas emissions. It is a ‘cap and trade’ system of allowances with a maximum amount of allowable emissions for participants. One allowance equals the right to produce 1 metric tons of CO2-equivalent. This right can be traded. For shipowners however, there will be no rights to be traded. Shipowners will de facto pay a ‘carbon tax’ from the get go.
Download EU ETS Excel Calculator
Easy to use Excel to determine and compare unnual EU ETS and fuel costs
Includes all calculations, regulatory tables, fuel parameters and GHG’'s
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References
EU - EU ETS Directive 2023/959 – establishing system for GHG emission allowance trading
EU - RED Directive 2023/2413 - promotion of energy from renewable sources
EU - EU MRV Regulation 2023/957 - monitoring, reporting and verification
EU - EU C(2023) 6728 Annex I - rules for monitoring GHG emissions and maritime transport
EU - EU Regulation 2023/2449 – template for monitoring plan and emissions report
EU - EU Decision 2-24/411 – list of shipping companies specifying administering authority
EU - EU ETS and MRV Maritime general guidance document
EU - FAQ – Maritime transport in EU Emissions Trading System (ETS)
EMSA - Webinar on the extension of ETS to maritime industry
ClassNK - EU ETS FAQs
