News / Not all shipowners able to trade EUAs, despite EU ETS already in effect

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The EU ETS won’t be smooth sailing for shipowners facing waves of extra administration.  

Despite the EU’s new emission regulation coming into effect this month, Friederike Hesse, MD of ETS management platform Zero44, said “most companies are not yet prepared”, and there was a series of complex issues yet to be ironed out.  

The EU ETS came into effect on 1 January, requiring owners to pay for EU allowances (EUAs) that correspond with the carbon emissions of their ships calling ...