Your EU ETS Experts

Baseblue is an ideal partner to consult with when it comes to important and timely issues related to reducing CO2 emissions, complying with FuelEU Maritime regulations, and navigating the complexities of the EU Emissions Trading System. Whether you are looking to enhance your sustainability efforts, optimize your fleet’s performance, or comply with regulatory requirements, Baseblue can provide you with expert guidance and practical solutions that meet your unique needs and goals. With our deep industry knowledge, innovative approach, and commitment to client satisfaction, we are the go-to partner for businesses seeking to stay ahead of the curve and make a positive impact on the environment.

We recognise the significance of staying ahead of the latest developments in maritime. That’s why we invite you to schedule a call with our expert Traders, offering valuable insights into these pivotal topics. Let an expert trader assist you.

In response to climate change, the European Commission’s Fit for 55 package expands the EU Emissions Trading System (EU ETS) to include large ships. Commencing January 1, 2024, the maritime sector faces a swift two-year phase-in period, necessitating operators to surrender EUAs. Baseblue offers crucial support in understanding and adapting to these changes.

Key Points

– Scope and Compliance: Initially applicable to vessels above 5000 gross tonnages, the EU ETS will gradually encompass offshore vessels. The “polluter pays” principle ensures commercial operators reimburse ship owners for allowances.

– Emission Surrender and Monitoring: A phased approach requires companies to surrender allowances gradually, reaching 100% after three years. Monitoring, guided by the EU MRV, will include additional greenhouse gases from 2026.

– Decarbonization Strategies: With no free allowances, ship operators must purchase EUAs or adopt emission reduction strategies. Baseblue recommends evaluating low-carbon fuels, investing in biofuels and EUAs, and assessing green investments.

Baseblue’s recommendation

Baseblue stands ready to assist shipping companies in this transformative shift. Our approach focuses on operational efficiency, providing guidance on alternative fuels, and offering expert risk management tailored to your needs. By embracing the right strategy, you not only meet regulatory requirements but also gain a competitive advantage. For support in navigating the EU ETS and building a compliance portfolio aligned with your strategy, Baseblue is here to help you succeed in this evolving landscape.

Download the EU ETS Registry guidance to gain insight into the process of opening a Trading or Operator Holding Account. This document provides detailed instructions on the various requirements such as fees, application forms, and contact information. It is a comprehensive guide that will help you navigate the process with ease.