- Cap and trade initiative covers carbon emitters, gradually reducing allowances over time.
- The responsibility for ETS compliance primarily falls to the shipowner.
- The shipowner can transfer ETS obligations by providing a jointly signed document.
As of January 1, 2024, vessels over 5,000 GT within EU waters fall under the EU’s Emission Trading System (ETS). This “cap and trade” initiative covers carbon emitters, gradually reducing allowances over time. The scheme...
https://mfame.guru/overview-of-the-eus-emission-trading-system-for-shipping/