As part of its Fit for 55 package, the European Commission proposed to amend the EU Emission Trading System Directive (2003/87.EC) to include emissions from ships. To ensure a smooth transition, a “phase in” period is introduced during which shipping companies would have to surrender allowances for a portion of their verification emissions, gradually rising from 40% in the first year to reach 100% in the third year.
The following phase in requirement shall apply starting from the year 2024.
Regulation (EU) 2023/957, an amendment to Regulation (EU) 2015/757, incorporates updates and changes to include maritime transport activities into the EU Emissions Trading System (EU ETS) and establishes guidelines for the monitoring, reporting, and verification of methane (CH4) and nitrous oxide (N2O) emissions along with Carbon dioxide (CO2) emissions. Hence following GHG (Green House Gases) gases are included in EU ETS.
Companies are required to submit to the responsible administering authority the aggregated emissions data at the company level, calculated in accordance with the monitoring rules outlined in Annex II to Regulation (EU) 2015/757 for GHG emissions done by ships under its fleet.
Connect with our team and provide your monitoring plan and relevant documentation for the MP (Monitoring Plan) assessment.
the data can be collected via an API or standard templates of EU MRV, making the process efficient.
Our experts meticulously assess your plan and emissions report for ships and company-level emissions report against EU ETS requirements, regulations, and best practices.
Upon successful verification, you receive a Verification report and a Document of Compliance (DoC) for on-board display.
The October 2023 Implementing Acts introduce stricter data quality control measures, require specific verification procedures for fuel oil mass flow meters, and mandate detailed documentation of calibration activities.
Non-compliance with EU ETS regulations can result in penalties, including fines and potential exclusion from trading allowances. Therefore, having a verified and compliant monitoring plan is crucial.
From 2024: cargo and passenger ships of or above 5000 gross tonnage (GT)
From 2027: offshore ships of or above 5000 GT
Companies are required to assess and quantify the quantities of each greenhouse gas individually, and then aggregate these amounts into CO2-equivalents.
In the context of ETS and MRV, the entity responsible for compliance in respect of the emissions of a given ship can be either the shipowner (i.e., the registered owner) or the ISM Company of that ship.
Companies involved in maritime transport activities must account for the types and quantities of fuel consumed during the period when the ship was under their responsibility. The THETIS MRV has been updated to incorporate the new functionalities of possible multiple verifications limited to the period the operator had ship under its fleet.
Release of the greenhouse gases covered by the emissions of
