Emission Trading Scheme
What is EU ETS?
The EU ETS, set to launch on January 1st, 2024, marks a significant milestone in Europe's commitment to combatting climate change. With the shipping industry facing stricter emissions regulations, P&O Ferrymasters is prepared to adapt and actively contribute to reducing maritime emissions.
In the fight against climate change, the EU is introducing the EU Emission Trading Scheme (ETS) as part of the Fit for 55 plan, aiming to cut greenhouse gas emissions by 55% of 1990 levels by 2030 and achieve carbon neutrality by 2050.
The EU ETS seeks to diminish fossil fuel usage and promote investments in alternative fuels and efficiency. For more details on the EU ETS, click HERE.
ETS applies to:
100% of emissions from voyages within the European Economic Area (EEA)
50% of emissions from voyages starting or ending outside of the EEA
100% of emissions when vessels are at berth in EEA ports.