Climate & SustainabilityEurope

Unlock the secrets of the EU-ETS

 

ClassNK has released “FAQs on the EU-ETS for Shipping”, an overview and necessary preparation of the European Union Emissions Trading System (EU-ETS), which is expected to be introduced to the maritime industry.

The European Union (EU) has set a goal of reducing greenhouse gas (GHG) emissions by at least 55% by 2030, compared to the 1990 levels, with the aim of achieving net zero emissions by 2050.

A comprehensive climate policy package presented “Fit for 55” announced in 2021 to achieve the 2030 target, includes a legislative proposal to extend the EU-ETS to the shipping sector.

The proposal is being finalized by the European Parliament and the Council of the European Union with a view to implementing it from January 2024.

To assist the preparation of shipping stakeholders required to respond to the EU-ETS, ClassNK has developed “FAQs on the EU-ETS for Shipping” based on information currently under review.

The FAQs provide an overview of the EU-ETS and introduce the necessary preparations in a Q&A format. ClassNK will update the information promptly in accordance with deliberations in the EU.

What is the EU-ETS? How can you check the GHG emissions? Where are the penalties? Get your answer below.

FAQs on EU-ETS for Shipping

 

This article is shared by courtesy of ClassNK. www.classnk.com

For more articles about EU-ETS, click here.

 

Narjiss Ghajour

Editor-in-Chief of Maritime Professionals
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