The EU Emissions Trading Scheme and FuelEU Maritime can offer significant competitive advantage to owners and charterers that understand the incentives, according to new analysis from class society Lloyd’s Register and Finland-based Ahti Consulting.

Many owners and charters are looking at the incoming wave of carbon pricing schemes as a threat to their business, but new advice this week suggests the incentives and penalties can also offer wide scope for profit to those that understand them fully.

Carbon dioxide (CO2) emissions from ships above 5,000 gt in 2024 reported under the EU’s Monitoring, Reporting and Verification (MRV) system will also be included in the regional emissions trading scheme (ETS).