- Despite industry familiarity, technical and commercial hurdles persist, complicating compliance.
- Issues include reporting errors, non-standardized APIs, double charging for data, and discrepancies in voyage data.
- Managing EUAs and invoicing remains inefficient, prompting a shift to automated compliance tools like OceanScore’s ETS Manager.
- Shipman clauses and opening Maritime Operator Holding Accounts (MOHAs) create friction in assigning EU ETS responsibilities.
- Automated, systematic approaches are vital for sustainable compliance with EU ETS and FuelEU Maritime.
OceanScore’s evaluation of the first year under the EU Emissions Trading System (EU ETS) highlights several persistent challenges in system readiness, data handling, transparency, and contractual responsibility. With initial emissions liability settlements approaching in 2025, these issues remain critical for achieving efficient compliance, reports AJOT.
Key Challenges in EU ETS Compliance
OceanScore highlights technical and commercial challenges stemming from the EU ETS’s first year.
While regulatory understanding has improved, unresolved pain points hinder seamless compliance.
System Readiness and Automation Gaps
Technical inefficiencies, such as inconsistent data formats, non-standardized APIs, and reporting errors, have underlined the need for industry-wide standardization and coordination.
Data Overcharging and Voyage Discrepancies
Some service providers have attempted to double-charge for data, which the industry has largely resisted.
Additionally, discrepancies between commercial voyage definitions and MRV reporting requirements complicate compliance.
Transparency in EUA Transactions
Invoicing for EUAs has become labor-intensive due to diverse requirements and lack of centralized systems.
This inefficiency has driven shipping companies to adopt professional compliance tools like OceanScore’s ETS Manager.
Contractual and Operational Friction
Shipman clauses and reluctance from non-European owners to take on EU ETS compliance responsibilities create friction.
The lack of efficient access to MOHAs and Trading Accounts exacerbates challenges, although low EUA price volatility has mitigated some risks.
Solutions for Long-Term Success
Temporary fixes may suffice for now, but OceanScore emphasizes the importance of scalable, automated systems to handle increasing complexities, especially with FuelEU Maritime’s implementation in 2025.
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Source: AJOT
