The maritime shipping industry is preparing for a major milestone: the first large-scale verification and surrender of carbon credits under the EU Emissions Trading System (EU ETS). This system requires shipping companies to monitor, report, and verify their greenhouse gas emissions, reports AJOT.
Compliance CostCompliance costs for the maritime industry are projected to triple in the next two years as EU ETS emissions liabilities increase from 40% last year to 100% in 2026. Adding to this...