Shipping trio works with zero44 on EU ETS software solution
Summary
A large proportion of companies are not yet sufficiently prepared for this – for them, zero44 now offers software that covers all processes and obligations of emissions trading. Lastly, the Union Registry – used to account for all EUAs – is not designed with the specificities and requirements of shipping in mind. It enables intra-year accounting of the required emission allowances, efficient coordination between all involved stakeholders, and adaptation of the Union Registry through the transferral of data from the Union Registry and assignment to the relevant accounting periods, vessels, and stakeholders. These will be continuously expanded and adapted to the circumstances resulting from the constant development of the EU ETS regulatory framework. The functionalities of the solution include a daily updated measurement of emissions based on vessel consumption data, a planning tool for calculating EU ETS costs of future voyages or periods as well as determining the financial EU ETS risks in the whole year, mapping of charter and ship management contracts regarding EU ETS, and partnerships with data verification providers such as DNV, Swiss Climate, Verifavia or Korean Register, as well as EUA traders such as GreyEpoch, CF Partners, Aither, Belektron, Vertis, Greenstar Capital, World Kinect Energy Services and marketplaces such as enmacc.