Lloyd's Register
The American Club
Panama Consulate
London Shipping Law Center
Home EnvironmentEmissions EU Emissions Trading System for Maritime Transport Explained – Part 2 of 6

EU Emissions Trading System for Maritime Transport Explained – Part 2 of 6

by admin
247 views

The EU Emissions Trading System (EU ETS), the world’s largest carbon market, was originally introduced in 2005 by the EU to combat climate change by reducing greenhouse gas emissions through an emissions cap-and-trade system. 

The system was recently expanded, and on 5 June 2023, new legislation entered into force which extended the scope of the EU ETS to maritime transport, a sector previously excluded. 

As the new rules, set to apply from 1 January 2024, will have a significant impact on the shipping sector in Europe, we review the main changes introduced by the EU through a series of six articles. 

In the second issue, we examine:

  • Who is responsible for compliance under the EU ETS
  • The Monitoring, Reporting and Verification obligations under the EU ETS
Authors 
   
Marie-Anne Moussalli
Partner
Get in touch 
   
Clare Hatcher
Consultant
Get in touch 
 
 
   
Stephen Mackin
Partner
Get in touch 
   
Maria Kaperoni
Associate
Get in touch  
 
 
   
Alfred Theodorou
Associate
Get in touch 
   
Ioanna Tsekoura
Associate
Get in touch 
 
 
   
Maddie Donald
Associate
Get in touch 
   
Puneet Sareen
Master Mariner
Get in touch 
 
 
   
Iman Anjarwalla 
Trainee Solicitor
Get in touch 
   Judith Pastrana
Knowledge Lawyer
Get in touch 

You may also like

Leave a Comment