According to Offshore Energy, the ETS surcharge, mandatory since January 2024, aligns with the EU’s efforts to reduce greenhouse gas (GHG) emissions in the shipping industry. The sector, which has seen over an 80% increase in emissions since 1990, reached a new high with a 15% increase in emissions between 2012 and 2022, contributing to a global total of nearly 710 MtCO₂.
IMO’s Decarbonization Strategy
The International Maritime Organization (IMO) introduced a revised decarbonization strategy in 2023, requiring shipping companies to reduce CO2 emissions by 40% per transport work by 2030 compared to 2008 levels.
Focus on Low-Carbon Fuels
IMO’s strategy also emphasizes the adoption of zero or near-zero GHG emission technologies, urging these energy sources to make up 5-10% of the energy used by international shipping by 2030, supporting the industry’s move toward cleaner fuels.
ETS Surcharge’s Role
The ETS surcharge aims to align the shipping industry with global decarbonization goals by incorporating the cost of emissions into operational expenses and incentivizing reduced emissions through increased financial accountability.
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Source: OFFSHORE ENERGY
