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China ETS

China’s national ETS – the world’s largest in terms of covered emissions – started operating in 2021. Shipping is not included, for the moment. Learn more about ETS here.

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ETD

The ETD is the principal taxing scheme used for fossil and low-carbon fuels in EU. Fossil fuels will be taxed more, and renewable low-carbon fuels will receive incentives, including shore power.

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RED

RED targets supply side - production - of fuels in the EU, aiming for a 40% energy share from renewable sources by 2030.

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AFIR

AFIR targets the supply side of marine infrastructure and fuels in the EU, mandating the use of low-carbon fuels and shore power by 2030.

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EU MRV

EU MRV is the CO2 reporting system in Europe, used for carbon tax determination. It is applicable to vessels of 5000 GT and above. It is expected to apply to 400 GT and above. Learn more about EU MRV here.

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HBE (Hernieuwbare Brandstof Eenheden)

In the Netherlands, ‘Renewable Fuel Units’ (HBEs) are an economic incentive to gradually expand the use of green energy in transport and the reduction of greenhouse gasses. Fossil fuel producers are required to purchase HBEs from green fuel producers. The market is controlled by the Dutch Emission Authority. You can make up to €0.20 per green kWh sold. Learn more about HBEs here.

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PAS (Programma Aanpak Stikstof)

The Programma Aanpak Stikstof (PAS) is a Dutch law that strictly prohibits the deposition of NOx on environmental protection areas in the Netherlands. Impact on maritime operations can be severe - in particular for wind farm construction - required 80% NOx reduction on top of Tier III restrictions. Learn more about PAS here.

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US GHG Tax

It is proposed that carbon pollution from transportation will be taxed by the Environmental Protection Agency (EPA). Impact for shipping is unknown as no details are provided.

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US Clean Shipping Act

The US Clean Shipping Act is currently one of the most stringent maritime laws in the world. It requires all vessels above 400 GT to be fully zero emission by 2040 in US waters. In addition, shore power is mandatory as per 2030 for all vessels. Learn more about the Clean Shipping Act here.

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UK ETS

Learn all about the United Kingdom Monitoring, Reporting and Verification regulatory framework used to determine carbon tax for shipping industry.

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UK MRV

Learn all about the United Kingdom Monitoring, Reporting and Verification regulatory framework used to determine carbon tax for shipping industry.

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FuelEU Maritime

FuelEU Maritime is one of the most stringent upcoming laws on maritime sustainability, making shore power mandatory by 2030. Much remains uncertain.

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EU ETS

EU ETS will serve as a carbon tax for the maritime industry. At current price level, it will increase fuel cost by at least €200 - €300 per mT fuel.

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