ETS
The Emissions Trading System (ETS) is a fundamental European tool in tackling climate change and reducing greenhouse gas emissions.
With new European sustainability policies impacting the shipping industry coming into force from January 2024, we want to ensure transparency and keep passengers updated on the latest news.
We want to assure our customers that the surcharge we have implemented is not a way to generate profit. Rather, it is a mechanism through which we can support the achievement of Europe's decarbonisation goals.
What is the ETS Surcharge?
The ETS is a key instrument in the EU’s strategy to reduce emissions of carbon or other greenhouse gases, in line with climate targets set for 2030. The European Commission aims to achieve a reduction in emissions of at least 55% by 2030, through a combination of regulations and incentives to promote an ecological transition and technological innovation. ETS fees may vary considerably depending on the country, region and industry involved.
From 2024, shipping companies operating between EU and European Economic Area (EEA) ports will be required to participate in the ETS by paying annual EU quotas to offset greenhouse gas emissions. This quota system is based on rigorous monitoring and verification of emissions, managed by the EU, with coverage that will be progressively expanded to include more emission types, vessels and sizes.
Including the maritime sector in the ETS not only encourages emission reductions, but also supports the funding of projects for the development of innovative technologies and the promotion of sustainable practices.
This approach aims to make maritime transport not only cleaner, but also aligned with the EU’s long-term climate objectives.
Contact us
If you would like further information on the ETS surcharge please contact us. We're here to help you navigate the complex landscape of environmental policy and promote a sustainable future for all. For more info: Reducing emissions from the shipping sector - European Commission (europa.eu)