Ensure Your Fleet Adheres To EU ETS Standards

4th January 2024

With the imminent inclusion of maritime emissions in the EU's Emission Trading System (ETS) from January 2024, the industry finds itself continuously adapting, having spent much of 2023 striving to meet the International Maritime Organisation's (IMO) CO2 requirements.

Ensure Your Fleet Adheres To EU ETS Standards

Starting January 1, 2024, all vessels exceeding 5,000 gross register tons (GRT) engaged in trade at EU ports will see their CO2 emissions contribute to the overall ETS cap, irrespective of their flag. The system encompasses 100% of emissions from intra-EU voyages and 50% of emissions related to loading or discharging outside the EU.

Consequently, shipping companies will need to acquire and surrender EU ETS emissions allowances (EUAs) for each tonne of reported CO2 (or CO2 equivalent) emissions. To facilitate a smoother transition, the initial phase-in period allows companies to surrender allowances for a portion of their emissions as outlined below:

  • 2025: 40% of emissions reported in 2024
  • 2026: 70% of emissions reported in 2025
  • 2027 onwards: 100% of reported emissions

Operators are required to submit an annual emissions report, with data for a given year verified by an accredited verifier before March 31 of the following year. Once verified, operators must surrender the equivalent number of allowances by April 30 of that year.

EU Emissions Trading System (EU ETS)

The EU ETS stands as a crucial element in the EU's strategy to combat climate change, serving as a key tool for cost-effectively reducing greenhouse gas emissions. As the world's first major carbon market, it remains the largest of its kind.

The Protea 2000 emissions monitoring system is approved for the analysis of exhaust gases from the engines and boilers of ships and offshore rigs. Robust and with proven reliability, up to six gases can be measured including SO2, CO2 and NOx. The Protea 2000 emissions monitoring system comprises up to 8 exhaust mounted analysers, each with automatic verification facilities. Emissions data from the entire system is securely managed and displayed at a dedicated Classification Society approved panel PC, with outputs to networks, control systems, and reporting facilities. Contact our expert sales and support team for more information on how you can manage and control shipping and marine emissions in line with the EU Emissions Trading System (EU ETS).

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