Every ton of CO2 now has a direct cost. The EU Emissions Trading System charges ~90 per tonne for shipping emissions. Optimize your voyages to reduce your carbon bill.
The world's largest carbon market now includes shipping
The EU Emissions Trading System (EU ETS) is a cap-and-trade system that puts a price on carbon emissions. Starting January 2024, maritime shipping is included for:
Your carbon costs increase each year through 2027
8,000 TEU average
Aframax average
Based on average EU voyage patterns and ~90/tonne EUA price. Actual costs vary by route and operations.
What you need to do to stay compliant
Track and report CO2 emissions through the EU MRV system. Data must be verified annually.
Buy EU Allowances (EUAs) to cover your emissions. Can be purchased at auction or secondary market.
Failure to comply results in significant penalties and operational restrictions.
Every ton of CO2 saved is ~90 in your pocket
10% speed reduction = ~27% fuel savings. Know your berth time to optimize voyage speed.
Ships at anchor still burn fuel. JIT arrival means zero emissions from waiting.
Know congestion levels before departure. Plan routes to minimize EU port waiting.
Mark your calendar
40% of shipping emissions now covered. Monitoring requirements active.
First allowances must be surrendered for 2024 emissions.
Coverage increases to 70% of emissions. Costs rise significantly.
Full coverage. Methane and N2O emissions also included.
AI-powered voyage optimization to minimize EU ETS expenses.