EU Emissions Trading System FAQs | Regulatory Affairs
Year: 2023 Language: english Author: ABS Genre: Other Format: PDF Quality: eBook Pages count: 16 Description: EU Emission Trading System (EU ETS) is a cap-and-trade system market-based-measure (MBM) for reducing greenhouse gas emissions (GHG), in the scope of the EU’s “Fit for 55” package. The revision of the EU ETS Directive entered into force on June 5, 2023. Implementation for the maritime industry will begin on: • January 1, 2024, for cargo and passenger ships of 5000 GT and above; and • January 1, 2027, for offshore ships of 5000 GT and above. Starting from 2025, shipping companies will have to surrender sufficient EU emission allowances (EUAs) based on EU monitoring, reporting and verification (MRV) data of the previous year. The EU ETS has two principles, setting a ceiling on the yearly maximum amount of GHG emissions and the trading of EU emission allowances.
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EU Emissions Trading System FAQs | Regulatory Affairs
Language: english
Author: ABS
Genre: Other
Format: PDF
Quality: eBook
Pages count: 16
Description: EU Emission Trading System (EU ETS) is a cap-and-trade system market-based-measure (MBM)
for reducing greenhouse gas emissions (GHG), in the scope of the EU’s “Fit for 55” package. The
revision of the EU ETS Directive entered into force on June 5, 2023. Implementation for the
maritime industry will begin on:
• January 1, 2024, for cargo and passenger ships of 5000 GT and above; and
• January 1, 2027, for offshore ships of 5000 GT and above.
Starting from 2025, shipping companies will have to surrender sufficient EU emission allowances
(EUAs) based on EU monitoring, reporting and verification (MRV) data of the previous year. The
EU ETS has two principles, setting a ceiling on the yearly maximum amount of GHG emissions
and the trading of EU emission allowances.
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ABS EU ETS_QA.pdf
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