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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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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Climate change & energy policy, carbon markets at Compass Climate, Aotearoa New Zealand. Former head of International Energy Agency Climate Change Unit, Paris #Article6 alumni.
EU ETS gurus: how is it imagined that the TNAC will be treated when the EU ETS hits net-zero? Is it supposed to go to zero by then (as any extra units being in circulation allow emissions to be greater than net-zero) or is an overhang seen as ok if it's not likely to enter the market (e.g. at a small volume like the annual hedging volume of residual emitters)?
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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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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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UK Verified emissions fall 12.5%. Verified emissions fell below 100m tonnes for the first-time last year a similar fall of 15% was seen across Europe is this a time celebrate? Yes, if you want to continue to see the demise of UK and European industry to become reliant on imports from countries with different regulation, security and tax standards. Whilst the introduction of CBAM and shipping into the schemes may appear to protect industry it may be to late and we will become reliant on imports for economically critical products. The introduction of airlines into the scheme has not slowed down the growth from aviation emissions up by 13% in 2023, will shipping reduce emissions or just push prices higher for countries who have lost the ability to manufacture. UK carbon prices have moved up 23% in the past month on the potential for a change of UK government in the election on the 4th July, these increased revenues should be going to support industry to decarbonise. View the report here https://lnkd.in/esFfu56S
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International Carbon Markets | RE-100 | Bio-diversity| Carbon Trader| IREC Trader | CDR| DAC| Oil and Gas/Biochar Carbon Removal| Buyer| National Awardee ( AICTE )| Certified by UNDP - Top 120| SBTi| CDP| Board Director|
Industry decarbonization is crucial for sustainability. It reduces greenhouse gas emissions, mitigates climate change, and promotes a healthier environment. Transitioning to low-carbon operations is essential for sustainable economic growth and environmental protection.
UK Verified emissions fall 12.5%. Verified emissions fell below 100m tonnes for the first-time last year a similar fall of 15% was seen across Europe is this a time celebrate? Yes, if you want to continue to see the demise of UK and European industry to become reliant on imports from countries with different regulation, security and tax standards. Whilst the introduction of CBAM and shipping into the schemes may appear to protect industry it may be to late and we will become reliant on imports for economically critical products. The introduction of airlines into the scheme has not slowed down the growth from aviation emissions up by 13% in 2023, will shipping reduce emissions or just push prices higher for countries who have lost the ability to manufacture. UK carbon prices have moved up 23% in the past month on the potential for a change of UK government in the election on the 4th July, these increased revenues should be going to support industry to decarbonise. View the report here https://lnkd.in/esFfu56S
UK Emissions Trading Registry - GOV.UK
reports.view-emissions-trading-registry.service.gov.uk
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Webinar - 20 February, 2024 🛳 Sailing through compliance: Unlocking Opportunities with EUA Procurement Learn about the EU Allowances market from James Shiller, Global Lead of New Fuels at Dan-Bunkering, and Amy Barty, Head of Sales Execution at Global Risk Management (GRM), in this informative webinar. Agenda ➕ EU ETS in a glimpse: The cornerstone of compliance ➕ EUA procurement practices for shipowners, charterers and operators ➕ GRM's insights in the field of EU Allowances ➕ Live trading example 🗓️Date: 20.02.2024 ⏰Time: 10.00-11.00 AM (session 1) & 4.00-5.00 PM (session 2) 🌐 Time zone: Denmark (UTC +2) 📍 Sign up: https://lnkd.in/eQPzdiUB Unable to attend the event? Register and you will receive the recorded webinar afterwards. #webinar #carbonmarket #eua #euets #danbunkering #RideTheNewxtWave #shipping #maritime
Webinar EU ETS 20 February, 2024
dan-bunkering.com
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Feature: EU ETS adds $25,000-$100,000 to bullish trans-Atlantic Americas #tanker freight markets ◾ Bullish tanker fundamentals reduce EU ETS to miniscule #freight cost share ◾ #Crude tanker economics favor VLCCs, Suezmaxes for EU ETS cost efficiency ◾ MR USGC-Transatlantic EU ETS costs may exceed $60,000 lump sum https://okt.to/Vy10LJ #freight #shipping
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According to the Financial Times Labour plans to align the UK's carbon regime with the EU if it wins the upcoming election, aiming to support heavy industries and prevent carbon dumping. This involves synchronizing the UK's emissions trading scheme (ETS) and the carbon border adjustment mechanism (CBAM) with the EU's systems. Although this move could reduce the UK's autonomy, it aims to create a larger, more stable carbon market and strengthen UK-EU trading ties. Read the article here: https://lnkd.in/dmRbxCjs Reach out to Grey Epoch to learn more about the UK & EU ETS. #EUETS #carbonmarket #emissions #UKETS
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