As an active participant in the European Union Emissions Trading System (EU ETS) for more than a decade, our Commodities and Global Markets (CGM) team shared their insights at #Posidonia2024 – the world’s largest #Maritime exhibition, held recently in Athens. We provided an overview of the EU ETS for shipowners whose obligations have increased, and will continue to increase, under the scheme. We also covered the fundamentals of the market, including supply and demand drivers as well as approaches to procuring and hedging EU allowances (EUAs). Learn more about CGM’s financing, risk management and market access solutions, which includes supporting shipping companies impacted by the EU ETS: https://macq.co/6044gOtC6
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Great to present on the fundamentals of the carbon market at #Posidonia2024, alongside @German Tyeles, as part of our seminar on the EU ETS. In a sector where navigating carbon markets may be relatively unfamiliar, it was a good opportunity to help those in the #shipping industry better understand the market and hear our latest insights.
As an active participant in the European Union Emissions Trading System (EU ETS) for more than a decade, our Commodities and Global Markets (CGM) team shared their insights at #Posidonia2024 – the world’s largest #Maritime exhibition, held recently in Athens. We provided an overview of the EU ETS for shipowners whose obligations have increased, and will continue to increase, under the scheme. We also covered the fundamentals of the market, including supply and demand drivers as well as approaches to procuring and hedging EU allowances (EUAs). Learn more about CGM’s financing, risk management and market access solutions, which includes supporting shipping companies impacted by the EU ETS: https://macq.co/6044gOtC6
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Great to see our carbon trading and strategy teams attend #Posidonia2024 where they gave an overview of the EU ETS. For many of those in the #shipping industry, understanding and navigating carbon markets for the first time can be challenging, so it's great that our teams can help participants manage their market risk and provide effective procurement and hedging solutions. #energy #sustainability #energytransition
As an active participant in the European Union Emissions Trading System (EU ETS) for more than a decade, our Commodities and Global Markets (CGM) team shared their insights at #Posidonia2024 – the world’s largest #Maritime exhibition, held recently in Athens. We provided an overview of the EU ETS for shipowners whose obligations have increased, and will continue to increase, under the scheme. We also covered the fundamentals of the market, including supply and demand drivers as well as approaches to procuring and hedging EU allowances (EUAs). Learn more about CGM’s financing, risk management and market access solutions, which includes supporting shipping companies impacted by the EU ETS: https://macq.co/6044gOtC6
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Join LSEG and Siglar Carbon in London on February 28 to gain practical knowledge and actionable insights into the European Union Emissions Trading System. Space is limited, so register now! #lseg #siglarcarbon #euets #shipping #carbonmarkets
🚨 Event alert! Shipping anchored in EU ETS - how does it impact commodity trading? ⚓ Join us in the heart of London for an insightful event brought to you by LSEG (London Stock Exchange Group) and Siglar Carbon. 📅 Date: 28 February 2024 ⏰ Time: 14:00 - 18:00 GMT 📍 Location: London Stock Exchange Group, 10 Paternoster Square, London 🔍 Topic: "How does EU ETS Impact Commodity Trading and Shipping" Dive deep into the effects of the EU Emissions Trading System (ETS) on the world of commodity trading and shipping. This is your chance to hear from our esteemed panel of experts and industry leaders. 📝Preliminary Topics Include: • Settling EUAs for spot and TC voyages: exploring opportunities and pitfalls • Assessing the real cost of including EUAs in the freight price • Understanding the role of shipping stakeholders in the #EUA trading market • #EUETS and beyond: Master your emissions data knowledge Don't miss out on this unique opportunity to expand your knowledge, network with professionals, and stay ahead in the dynamic world of #CommodityTrading and #Shipping. 🎫 Limited spots available! Register now to secure your place at this not-to-be-missed event. 🔗 https://hubs.ly/Q02hxwCc0
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The new year is just around the corner. With only 10 days remaining until the implementation of the EU Emissions Trading System (ETS) within the maritime industry, it is time to optimize your EU Allowances procurement Have you considered the impact of EUA purchasing on your company? Purchasing strategies can be designed to mitigate price risk while limiting capital intensity. Explore the carefully tailored options that are created to make compliance with the EU ETS work for you. Contact us to optimize your EUA purchasing strategy by partnering with Dan-Bunkering and Global Risk Management (GRM). • Tailor-Made Purchasing Plans • Flexible Spot Trading • Forwards Contracts Read more: https://lnkd.in/dpB6wvW9 #danbunkering #decarbonization #euets #EUA #carbonmarket
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The first quarter of EU ETS for maritime is complete, highlighting the crucial role of emissions accounting and risk management. Take the Panamax market segment with voyages to the Netherlands as an example: In Q1, around 160 voyages emitted an average of 400 tons of CO2 each, requiring 64,000 EUAs. Pricing these emissions using Dec '24 futures on April 3 (€57.410) results in a total cost of €3,674,240 (€22,964 per voyage). A month later, on May 3, with prices at €72.010, the cost jumps to €4,608,640 (€28,804 per voyage)—an increase of €934,400 (€5,840 per voyage). Without visibility into changing positions, unexpected cost increases can add up and erode profits over time. Greater visibility allows for timely adjustments and proper hedging, potentially keeping voyages profitable. IMOS Trading & Risk can support you with effective emissions management and risk mitigation. Learn more: https://hubs.ly/Q02yhcqF0 #EUETS #riskManagement #CO2Emissions #MaritimeShipping #Veson
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Strategic reviews are anticipated in 2024 for the United Kingdom Emissions Trading Scheme, (UK-ETS), as the carbon pricing mechanism continues to evolve since its inception in 2021. The ETS Authority opened consultations in December, focusing on revisions to the UK ETS Future Markets Policy as well as a review of the free allocation framework, and government responses are expected to be published later this year. Targray Environmental Commodities’ carbon market and emissions trading experts are following all of the developments and provide regular updates and custom market analysis to our client base. Reach out for a consultation to learn more about Targray’s tailored procurement solutions for UK market participants by visiting: https://lnkd.in/es_45Ecd #UKETS #UKA #EmissionsTrading #CarbonCredits #CarbonMarkets
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UK Emissions Trading Scheme: insights and developments 🇬🇧🔜 The UK Emissions Trading Scheme (#UKETS) is the carbon emission trading scheme of the United Kingdom, It came into operation on 1 January 2021 following the UK's Brexit from the European Union. According to the International Carbon Action Partnership (ICAP), the UK Emissions Trading Scheme (ETS) has been evolving significantly since its inception. 🔎🔀 The UK ETS has undergone substantial changes over the past two years, with key reforms in 2023 aligning the scheme with the UK's net-zero targets, reducing the total number of allowances, and expanding the scope to new sectors from 2026 onwards. Notably, allowances were cut by 30% from 2021 to 2030 to support the net-zero strategy, but in 2024, 53.5 million previously unallocated allowances will be auctioned to smooth the transition. 📊⚖️ Looking ahead, the UK will complete consultations on implementing its own Carbon Border Adjustment Mechanism (CBAM) this Thursday (13th June). This mechanism aims to address carbon leakage and ensure fair competition by imposing equivalent carbon costs on imports, mirroring the EU's CBAM. Which lessons could be taken from the EU’s CBAM to improve the upcoming UK’s one? 🌍💬 #CarbonPricing #NetZero #EUETS #CBAM
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From 1 January 2024, the maritime transport sector will be brought under the scope of the EU Emissions Trading System (EU ETS). Join our upcoming Webcast to learn more about this and how it could impact your organisations logistics supply chain: https://lnkd.in/edMSPBiw #euets #shipping
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Join our #tanker and #OilMarket analysts tomorrow for this workshop to discuss the patterns and challenges in the adoption of EU ETS carbon #emission offset charges in tanker and oil market trade and #Platts spot market assessments. Register Now: https://okt.to/wZ2tEJ #PriceAssessment
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🌍 𝗘𝗨'𝘀 𝗖𝗮𝗿𝗯𝗼𝗻 𝗕𝗼𝗿𝗱𝗲𝗿 𝗧𝗮𝘅 𝗧𝗮𝗸𝗲𝘀 𝗜𝘁𝘀 𝗙𝗶𝗿𝘀𝘁 𝗦𝘁𝗲𝗽: 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗞𝗻𝗼𝘄 As of 2026, both EU importers and non-EU exporters will encounter emissions-related levies mirroring the EU Emissions Trading System. This carbon tax has a twofold #objective: to encourage eco-friendly #technologies and potentially exempt imports from nations with equivalent #carbonpolicies. The anticipated effects include heightened material and consumer prices, elevated administrative expenses for businesses, and the likelihood of reshaping #globaltrade patterns, particularly in the metals sector. These changes underscore the complexity and potential economic ramifications associated with the EU's carbon border adjustment mechanism (CBAM). As it unfolds, #CBAM will likely continue to spark debates and discussions among stakeholders, both within and outside the EU. We've broken down the details in the visuals below. Click the link to read more 👉 https://lnkd.in/grpatfbx #thefulleracademy #EUtax #carbonbordertax #emissions #trade #sustainability
