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?
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
