CONCITO’s Post

Dear network, 🚨 Deadline Approaching for EU ETS 2 Compliance! Action Required for Fuel Traders! ⚠️ The January 2025 deadline is swiftly approaching, and it brings significant compliance obligations for EU fuel traders under the new EU ETS 2. This expanded carbon pricing system will encompass emissions from buildings and road transport, demanding immediate action from fuel suppliers: Secure a Greenhouse Gas Emission Permit Develop a GHG Emissions Monitoring Plan Conduct Annual Reporting and Verification As the Walloon and Flemish Governments prepare to adopt ETS2 implementing rules, early engagement and strategic planning are crucial. 💡 Need guidance? #PwCBelgium’s experts, Tom Wallyn, Caroline Schmidt, Lorenzo Costa, and Nicolas Gosselin, are here to navigate you through these new developments! Find out more on our webpage: https://lnkd.in/dA2AAxAN #GreenDeal #EUETS2 #Sustainability #PwC #carbonpricing

🚨 Deadline Approaching for EU ETS 2 Compliance! Action Required for Fuel Traders! ⚠️ The January 2025 deadline is swiftly approaching, and it brings significant compliance obligations for EU fuel traders under the new EU ETS 2. This expanded carbon pricing system will encompass emissions from buildings and road transport, demanding immediate action from fuel suppliers: Secure a Greenhouse Gas Emission Permit Develop a GHG Emissions Monitoring Plan Conduct Annual Reporting and Verification As the Walloon and Flemish Governments prepare to adopt ETS2 implementing rules, early engagement and strategic planning are crucial. 💡 Need guidance? #PwCBelgium’s experts, Tom Wallyn, Caroline Schmidt, Lorenzo Costa, and Nicolas Gosselin, are here to navigate you through these new developments! Find out more on our webpage: https://lnkd.in/e-d4i7Qx #GreenDeal #EUETS2 #Sustainability #PwC #carbonpricing

New EU emission task force looks to boost global CO2 trading, but not without controversy. The European Union's Emissions Trading System (ETS), valued at EUR 751bn in 2023, is the world's largest carbon market 🌍 The EU's climate policy chief Wopke Hoekstra has now announced the European Commission will be launching a task force, deploying staff to support the establishment of carbon markets globally aiming to boost the global trade of CO2 emissions. The EU's plan to extend its carbon pricing policies internationally has stirred some controversy, including the imposition of a world-first carbon levy on imports from 2026. However, Brussels asserts that imports from countries with comparable carbon pricing policies can offset obligations under the levy, fostering fair competition with local industries. To make this truly global will necessitate global cooperation to develop universally accepted accounting frameworks that can effectively track emissions embedded in products and services. As such, the taskforce will have much work ahead of itself. Read more on ETS here: https://lnkd.in/eMAQ2jCt #ClimateAction #CarbonMarkets #EUInitiative #ETS

Our webinar on the state of the #EUETS, the #UKETS and the #EUETSII tomorrow. Register below:

🌍 Ocean Network Express (ONE) Responds to EU Emissions Regulations Starting October 1, 2024, ONE will implement an Emissions Trading System (ETS) surcharge, following the EU’s push to reduce greenhouse gas emissions in the maritime sector. With shipping responsible for a significant 15% rise in emissions over the last decade, this move aims to make a meaningful impact. ONE's approach includes quarterly ETS tariff updates, a new Eco Calculator to help clients make eco-friendly choices, and their first carbon allowance transaction to support compliance. Sustainability in shipping is not just a regulation - it's an opportunity for transformation. 🌱 #SustainableShipping #EUETS #CarbonReduction #MaritimeIndustry #EcoInnovation Read the article (https://lnkd.in/ewa_wwh9)

【Will EU Carbon Price Plunge Hurt the Decarbonizing Tendency?】 Since February 2023, the price of carbon credits under the EU Emissions Trading System (EU ETS) has halved to now around €60 per tonne. The sharp fall has raised concerns that low carbon prices will slow down the decarbonisation of industries and reduce funds available for climate action. What factors have contributed to carbon prices falling in the EU ETS recently? How has the supply and demand for EU carbon credits changed? Read full article: https://bit.ly/49SFJUM #CarbonTrade #CarbonEmission #CarbonMarket

How Quickly Can Ukraine Launch Its Own Emissions Trading System? Professional opinion of my colleague Andrii Glushchenko The EU ETS, launched in the EU in 2005, significantly differs from the current EU ETS. Moreover, the EU ETS will evolve in the future as the European Union modernizes its ETS, correcting mistakes and considering changes in climate goals. Building an ETS is a process of continuous improvement. The EU took 19 years to reach the current EU ETS model. Ukraine objectively cannot transplant the EU ETS model into national legislation—time is needed for the economy to adapt to European requirements. European companies have already gone through this process from 2005 to 2023, while Ukrainian companies will have to take their first steps. Details by link https://lnkd.in/d8XS6t88 #ETS #co2 #carbonmarkets

OceanScore has explored the challenges and lessons learned from the first year of the EU Emissions Trading System (EU ETS), regarding both the technical and commercial obstacles encountered. 💡For more, click: https://loom.ly/B_IC03g #shipping #emissions

📣 According to the press #Poland wants to challenge ETS 2 at the European Council tomorrow and, failing that, make its revision/postponement a key topic of their upcoming #EUPresidency. This is no big surprise but I had hoped that the new Polish gov. would have known better: 🔔 Eastern European countries are also those which are going to benefit the most from the #SocialClimateFund 📣 We cannot hide climate problems under the carpet: they will not disappear! 🎯 Instead of postponing ETS2 to a late phase, why not dedicate the entire ETS2 revenues to heating and transport? 💸 That would raise the pot from 80Bn to 250Bn: enough to help households and SMEs. Also, another good occasion to participate to Marco Grippa 's #memercredi

Don't miss our webinar next week where industry experts will discuss how LR's Emissions Management solution can help you navigate the latest EU ETS regulations. Our solution is designed to offer all the information required to ensure your vessels and fleets are meeting the imminent changes in procedure. Register now: https://loom.ly/2STylnU #EUETS #ETScompliance #EnergyTransition