Whitepaper: Navigating the EU ETS

EU ETS Sep. 08, 2023
Whitepaper: Navigating the EU ETS

A comprehensive guide to the EU ETS and how it will impact shipowners across the globe

EU ETS – Not just another regulation

Navigating the complex waters of the maritime industry is about to become even more challenging.

As of January 2024, the European Union's Emission Trading System (EU ETS) will become mandatory, bringing with it a wave of new requirements and regulations that will significantly impact shipowners and operators worldwide. But you're not alone in this journey.

This whitepaper is designed to be your compass, guiding you through the intricacies of the EU ETS and helping you understand what it means for you and your operations.

“The EU ETS is more than just another regulation”

— Mikkel Søholm, CCO

The EU ETS is more than just another regulation – it's a fundamental shift in how we approach sustainability in the maritime industry.

It's about reducing greenhouse gas emissions, promoting cleaner technologies, and ultimately, safeguarding our planet for future generations. But understanding the EU ETS and its implications can be a daunting task. That's where we come in.

In the White Paper we will: 

- break down the EU ETS
- explaining its key components
- give an overview of the timelines
- explain the specific responsibilities it places on shipowners and operators
- guide you through the process of acquiring EU Allowances (EUA) 
- outline the penalties for non-compliance
- provide insights into how the EU ETS will affect different ports and activities.

By the end of this whitepaper, you'll have a comprehensive understanding of the EU ETS and be well-prepared for its implementation.

So, let's set sail on this journey together.