Carbon taxes and EU ETS

EU ETS is a cap-and-trade system. One allowance represents the right to emit one tonne of CO2 equivalent. For shipping, covered emissions are determined from verified data. Coverage includes intra-EU voyages, emissions at berth in EU ports and a share of voyages between EU and non-EU ports according to the applicable rules. The commercial effect is that every tonne of covered emissions can become a cost exposure. The operational effect is that fuel saving, voyage optimization, clean hull condition and accurate reporting reduce both emissions and financial exposure.

• EU MRV monitoring plan available and updated • EU voyage scope correctly classified • Berth and port movement emissions captured • Fuel type and GHG factors mapped • Allowance exposure calculated • Charter party cost allocation reviewed • Verified emissions report submitted on time

A ship performs a voyage from an EU port to a non-EU port. A portion of emissions may be covered under EU ETS rules. If fuel consumption is higher due to speed recovery or waiting, the emissions report and allowance exposure increase.

• EU ETS covered emissions • Estimated allowance cost • EU voyage classification accuracy • Emissions at berth • MRV verification findings • Carbon cost per voyage

• EU MRV data capture • EU ETS exposure dashboard • Voyage carbon cost estimate • Port/berth fuel split • Annual verification pack

• European Commission FAQ on maritime transport in EU ETS. • European Commission guidance on MRV maritime reporting and THETIS-MRV. • IMO CII framework for operational carbon intensity.