Shipping’s first year in the EU ETS: Calm Seas so far
Emissions for the maritime sector in the EU are expected to be 84.7 million tonnes of CO2 in 2024, and 82.4 million tonnes of CO2 in 2025. Veyt thus estimates that shipping companies will have to surrender 33.9 million EUAs for 2024 emissions, and 57.7 million EUAs for 2025 emissions.
One year in, shipping is adapting to the EU ETS The European Union extended the scope of the EU ETS to include the maritime sector in 2024. Broadly speaking, ships over 5000 GT, carrying goods or passengers, need to surrender allowances to cover 100% of...
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