4. October, 2023

EU ETS and FuelEU Maritime – Competing or complementary measures?

The EU ETS will have an immediate impact on cost and will give a considerable incentive for greening the fleet. FuelEU maritime will likely start slow, but gradually grow stronger and will guarantee a transformation of energy carriers in the sector to 2050. Together they constitute a set of measures that will transform shipping over the next decades.

Will FuelEU Maritime, sometimes touted as a gamechanger for shipping, be the dominant force for shipping companies in transforming the sector? Or will the long-lived EU ETS prove to be the force to be reckoned with as the market balance tightens significantly over the next decades?

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