ClassNK has released ‘FAQs on the EU-ETS for Shipping’, an online 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 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 ‘Fit for 55’, announced in 2021, is intended to achieve the 2030 target, including a legislative proposal to extend the EU-ETS to the shipping sector. The proposal is being finalised by the European Parliament and the Council of the European Union with a view to implementing it from January 2024.
To assist shipping stakeholders required to respond to the EU-ETS in their preparations, ClassNK has developed its FAQs 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 and as necessary, in accordance with deliberations in the EU.
FAQs on the EU-ETS for Shipping is available to view or download here.