European Emissions Trading System (EU ETS) Management
On January 1, 2024, shipping is set to become part of the European Emissions Trading System (EU ETS). We stand ready to support shipowners and charterers in navigating and fulfilling all compliance obligations related to EU ETS management.
The recently released European Union’s Monitoring, Reporting, and Verification (EU MRV) dataset for shipping's CO2 emissions in 2022 reveals noteworthy year-on-year changes despite an overall modest reduction in the industry's emissions. The EU MRV regulation mandates ships over 5,000 gross tons to report CO2 emissions to and from EU and EEA ports, serving as the basis for the industry's integration into the EU Emissions Trading System (ETS) starting January 1, 2024.
Embark on a path of effortless compliance and strategic management with our tailored suite of services designed for the dynamic environment of the European Union Emissions Trading System (EU ETS). At the forefront of sustainable solutions, we offer a spectrum of services designed to meet your expectations. From data handling to strategic commercial guidance, our commitment is to navigate the complexities of EU ETS with precision. Explore the core pillars of our offerings below:
Data Handling and Verification
We enable 3rd party verification services for emissions data to help avoid disputes between owners and charterers. This data is then securely provided to a private Hecla-powered Emissions Management digital platform that is bespoke for customers.
We ensure reliable and legally compliant registry account management and facilitate all account activities to guarantee transfers transactions.
Procurement of Allowances
We provide continuous support in accessing the complex and volatile compliance markets for buying and selling EUAs.
Annual Surrendering
We safeguard the annual surrendering process to match verified MRV emissions with registry holdings to avoid the risk of legal ramifications and fines.
Commercial Advice
We provide bespoke, commercial advice to integrate the complexities of the EU ETS into your business model and successfully manage compliance obligations
Hecla Emissions Management AS is a joint venture between Wilhelmsen Ship Management, part of the Wilh. Wilhelmsen Group, and shipbroker Affinity Shipping LLP. The Company has been established as a neutral and independent provider of compliance services relating to the European Union Emissions Trading System (EU ETS).
Hecla centralises the ETS value chain within one workflow and allows the customer oversight through its digital platform.
For in-depth information about Hecla's services, navigate to their website at https://www.hecla-em.com/