Maritime ETS: shipping will compete for dwindling EUAs

From 2024, CO2 emissions from shipping to/from/within Europe will gradually become subject to the EU emission trading system (ETS). Some 80 m tonnes of annual emissions will be covered under the scheme. That volume might seem a relatively modest addition to the approximately 1,200 Mt EU ETS, but under current assumptions, the maritime sector is set to be net short from 2027 and become a significant competitor for a steadily decreasing supply of EUAs.