The First Owner’s Reference
1st Edition/Glossary/EU ETS Maritime

EU ETS Maritime

EU Emissions Trading System for shipping, in force from 2024 and phased in through 2026. Applies to commercial vessels above 5,000 GT entering EU ports.

Definition

EU ETS Maritime extends the EU's carbon market to shipping, in phased application: 40 percent of verified emissions covered in 2024, 70 percent in 2025, 100 percent from 2026. The system covers vessels above 5,000 GT entering EU ports, regardless of flag. Most yachts (including 60 to 80 metre motor) sit below the 5,000 GT threshold. Above 5,000 GT, exposure runs EUR 200,000 to 400,000 per year at current carbon prices on a well-utilised vessel. Compliance requires emissions monitoring and EUA surrender.