EU ETS bill set to exceed EUR3bn in 2024

Hecla Emissions Management

Source: Hecla Emissions Management

The European Union’s Monitoring, Reporting and Verification (EU MRV) dataset for shipping’s European CO2 emissions for the year 2022 has just been published, with the data highlighting some significant year-on-year changes from 2021. 

At the current market value of €90 per emissions allowance (EUA), shipping emissions carried a total worth of EUR7.5 billion for the year, which would indicate the shipping industry could be liable for EUR3.1 billion in 2024, taking into account the the ETS phase-in period in 2024 and 2025. 

Continue this article…

Already subscribed? SIGN IN now


Sign up for FREE to continue this article!

Want to read more before deciding on a subscription? It only takes a minute to sign up for a free account and you’ll get to enjoy:

  • Weekly newsletters providing valuable news and information on the shipping sector
  • Full access to our news archive
  • Live and archived webinars, podcasts and videos
  • Articles on innovations and current trends in the shipping industry
  • Our extensive archive of data, research and intelligence

Get more free content sign up today

Ready to subscribe? Choose from one of our subscription packages for unlimited access!