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The latest on carbon and cost efficient shipping

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Speeding up shipping’s inclusion to the EU ETS

EU Parliament committee suggests a basket of amendments to speed up shipping’s inclusion to the EU Emissions Trading System (ETS). Suggestions include deleting the phase-in period and extending the geographical scope of the scheme while allowing shipowners to pass on the carbon cost to the charterer. This is good news for frontrunners and for the commercial decarbonisation of shipping.

Commercial Decarbonisation = Commercial Opportunities

Do you want to know how to make money while cutting shipping emissions? Start collecting granular emissions data today. This was the unanimous advice from an interdisciplinary panel talking in front of commercial decision-makers at Nor-Shipping. If you missed it but still want to know how to use emissions data as a competitive edge, here are the highlights.

“Impact Today”: Simplify reporting and improve carbon efficiency

Siglar Carbon and the “Impact Today” working group are calling for a new standard vessel report that simplifies the reporting process and enhances the quality of data input. High quality data input improves decision foundation and allows for both ship and cargo owners to optimise operation and reduce emissions.

Emission Schemes

EU Emissions Trading System

The EU Emissions Trading System (EU ETS) is the European Union’s carbon pricing mechanism, and since 2024 it has included maritime transport. It places a cost on greenhouse gas emissions from ships by requiring companies to monitor emissions (under EU MRV) and surrender tradable emission allowances.

UK Emissions Trading System

The UK Emissions Trading Scheme (UK ETS) is the United Kingdom’s carbon pricing mechanism. It operates as a cap-and-trade system that places a cost on greenhouse gas emissions by requiring operators to surrender tradable emission allowances corresponding to their verified emissions.

Gabon Sovereign Carbon Initiative

The Governments of Djibouti and Gabon have introduced sovereign carbon registry frameworks that apply a carbon cost to qualifying ship movements to and from their ports.

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"We want to help sustainable shipowners achieve higher fleet utilization and improved return on their green investments. "

Geir Olafsen, CDO Siglar
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