Post by Norton Rose Fulbright

In our latest issue of Legalseas, Philip Roche and Kelli Bodal Hansen examine the expansion of the UK Emissions Trading Scheme (UK ETS) to the maritime sector from 1 July, bringing new compliance obligations for shipowners and operators calling at UK ports. While the scheme shares similarities with the EU ETS, it operates as a separate regime with its own reporting, monitoring and allowance requirements. Businesses affected by the changes should be aware of the need to comply and to have registered for a METS (Manage your UK Emissions Trading Scheme) account and submit an Emissions Monitoring Plan within 42 days of the first visit to a UK port in order to become a maritime operator under the scheme. Read the full article here: https://ow.ly/4Xbc50Zjc37

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