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. 

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