The EU Emissions Trading System (EU ETS) has been expanded to include maritime transport under Regulation (EU) 2023/957. This amendment to Regulation (EU) 2015/757 strengthens emissions monitoring and aligns with the EU’s Fit for 55 climate targets.
Key Changes in the Regulation
- Maritime Transport in the EU ETS: Ships above 5,000 gross tonnage must now report and account for CO₂, methane (CH₄), and nitrous oxide (N₂O) emissions from 2024 onwards.
- New Ship Categories: From 2025, general cargo ships (400–5,000 GT) and offshore ships (400+ GT) will be included. The EU will assess further expansions by 2024.
- Enhanced Monitoring and Reporting: Shipping companies must submit aggregated emissions data at the company level, ensuring better regulatory oversight.
Implications for the Shipping Industry
With stricter compliance obligations, companies must adopt robust monitoring, reporting, and verification (MRV) systems. These changes support the decarbonization of maritime transport, ensuring the sector contributes fairly to the EU’s climate goals.
Download Document PDFs Here: REGULATION (EU) 2023/957 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 10 May 2023