SSY launch carbon calculator for EU ETS

Following on from the launch of its EU ETS compliance solution in September, SSY has announced the launch of a new SSY Carbon Calculator which will enable clients to better navigate their transition into the EU ETS. From 1 January 2024, shipping will be included in the EU ETS. As a result, vessels visiting EU ports will be required to offset their applicable CO2 voyage emissions through the purchase of an equivalent number of EU Allowances (EUAs). The cost and quantity of EUA purchases can now be estimated using the SSY Carbon Calculator, which is available via the SSY Navigator portal webpage.Based on a simple voyage calculation, users can input the details of their planned route and vessel parameters, (including leg distance and time at port). The SSY Carbon Calculator will then provide an estimate of their market exposure including total CO2 emissions, required EUAs and the cost of those EUAs.The Carbon Calculator is the latest initiative to come from the SSY Carbon team. In September 2023, it launched an all-encompassing EU ETS compliance solution which enabled procurement and warehousing of EUAs on behalf of its customers, thereby alleviating the operational and regulatory challenges that operators would otherwise face as a consequence of the new legislation.Speaking on the announcement, James Ash, Head of Carbon Markets at SSY commented: &ldquo;Adding Shipping into the EU ETS is very complex and can be daunting for many within the Maritime sector. At SSY, we are working hard to simplify EU ETS participation for our customers with a range of solutions and having access to the SSY Carbon Calculator will definitely help our global customer base evaluate EUA costs whilst also pricing fuel and freight&rdquo;.Alastair Stevenson, Head of Digital Analysis at SSY stated: &ldquo; It&rsquo;s the proverbial eleventh hour &ndash; on the 1st January, shipping is scheduled to be included in the EU ETS. Thankfully, SSY&rsquo;s client base is generally well prepared with strategies in place to manage their EU Allowance exposure but of course, there&rsquo;s always a lot to be done at the eleventh hour. SSY stands ready to assist clients manage their EUA exposure through our comprehensive carbon solutions, market analysis, client briefings and our newly launched Carbon Calculator. It&rsquo;s another reason why experience matters&rdquo;..button { display: inline-block; padding: 10px 20px; text-align: center; text-decoration: none; color: #ffffff; background-color: #1a2d4d; border-radius: 6px; outline: none; transition: 0.3s; border: 2px solid transparent; } .button:hover, .button:focus { background-color: #c2c7c7; border-color: #7aa8b7; } Click here for free registration to Dry Bulk

SSY launch carbon calculator for EU ETS

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