Poland: ETS surcharges for EU port calls live from Jan 1st 2024
As of January 1st 2024 Ship Owners and Managers of cargo vessels above 5,000 GT sailing to EU ports will be a subject of reporting and surrendering emissions allowances under EU Emission Trading System (EU ETS). For every 1 ton of reported CO2, European Union Allowance (EUA) must be purchased and submitted to the EU each year. The EU ETS is a market-based mechanism that has been in place since 2005 and which is designed to reduce GHG emissions from the power and industrial sectors. In brief, the ETS places a cap on the total amount of emissions that these sectors can produce and then issues allowances for these emissions that can be bought and sold on a carbon market. The system aims to create an economic incentive for companies to reduce their carbon emissions, as those that emit less than their allowance can sell their surplus allowances to those that emit more.[...]