Demystifying EU ETS and what it means for shipping

DNV's Eirik Nyhus, Director, Environment Regulatory Affairs recently sat down with Anne Moschner, Director of Communications & Marketing to discuss the upcoming EU ETS (Emissions Trading System and the impact it has on shipping.
Watch now to learn more!
What is the EU ETS?
The EU ETS is an emission cap-and-trade system that aims to reduce greenhouse gas (GHG) emissions by setting a limit, or cap, on GHG emissions for certain sectors of the economy.
Each year, a limited amount of EU Allowances (EUAs) is made available for trading in the market and this is reduced yearly in order for the EU to meet its target of a 55% reduction in GHG emissions by 2030 relative to 1990, and net zero by 2050. Each EUA gives companies the right to emit GHG emissions equivalent to the global warming potential of one tonne of CO2 equivalent.
#EUETS #emissions #decarbonization #maritime
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[@capsaeed4263]

Instead of monitor the ships, simply monitor the petrol companies and force them not sale high sulphur petrol that's all you don't need to monitor the ships, don't let high sulphur petrol in the market that easier for the whole world, unless you just want to fuck our minds 😂

[@PrimeIsBack]

Excellent thank you