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No.	TEC- 1299(85kb)	Contact.	MGD	Issued on.	24 May 2023
Sub.	Adoption of EU-ETS for shipping sector and amendments to EU-MRV

Amendments to extend the scope of the EU Directive for EU Emissions Trading System to the shipping sector (hereinafter EU-ETS Directive) were adopted, with effect from 1 January 2024. Under these amendments, ships of 5,000 Gross tonnage and above, arriving at or departing from ports within the jurisdiction of any EEA member state1, regardless of the Flag state, will be required to purchase and surrender2 allowances equivalent to EU ETS applicable GHG emissions on an annual basis. Failure to do so will result in penalties such as fines and a ban on entry into ports within the EEA territories. In connection with the application of the EU-ETS Directive, amendments to the EU-MRV Regulations have also been adopted. The following is the summary of the EU-ETS D.....

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