The inclusion of maritime emissions in the EU ETS means that shipping companies will face a substantial extra cost. From 2026 onwards, shipowners and operators will need to account for all emissions, which means approximately 3.2 allowance units (EUAs) per tonne of bunker oil. Assuming a price of €90/t, that means an extra €285 or $310 per tonne of fuel, or roughly half the existing fuel cost.
Shipping companies are the liable entities The EU ETS directive
addresses “shipping companies” as defined by the MRV directive. Here shipping ‘company’ means the shipowner or any other organization or person, such as the manager or the bareboat charterer,….
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.
