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EmissionLink is your one-stop solution for managing emissions, trading and handling compliance.
EmissionLink can manage emissions, trading and handling the process of compliance for FuelEU & EU ETS.
- Legal Counsel
- Performance Optimisation
- Environmental & Decarbonisation Advisory
- Financial
Our global teams can provide excellent support not only 24/7 but also 365 days a year.
We have invested in state-of-the-art technology to provide an efficient digital platform, via Fuelink for our users.
Our systems offer robust data security to ensure that sensitive information is always protected.
Collection and monitoring of consumption & emissions data.
Plan & estimate EU ETS costs when chartering.
EU ETS statements for voyages / a given period through the authorised verifier.
Reporting of real-time status for all legal and compliance aspects.
One-stop location to purchase, sell and warehouse EUAs.
Access to dashboard, EUA trading and EUAs assigned to voyages / vessels and / or charterers.
Facilitate / manage on the client's behalf the interaction with EU authorities and administration of maritime operator holding accounts.
Surrender / Submission of EUAs to Administering Authority.
Perform FuelEU calculations and annual reconciliations with MRV reports.
Reports to facilitate seamless reporting and compliance and help in updating Monitoring Plans.
For voyage data specifically tailored for vessels on spot voyages, to enhance data accuracy and compliance.
Advisory with tailored technical solutions.
Support and management for pooling.
Emissionlink is a premium ‘one-stop’ service provider, specialising in emission scheme management services and, in particular the Fuel EU and EU ETS, as well as upcoming schemes. Utilising the latest digital systems and expertise, EmissionLink brings clarity to all facets of the often complex world of emissions management. Our goal is to assist all clients to handle their emissions exposure and compliance needs in a holistic way and, in doing so, assist all stakeholders from “Emission to Submission”
The Fuel EU Maritime Regulation is a complementary regulation to the EU ETS, ensuring that the greenhouse gas intensity of fuels used by the shipping sector will gradually decrease over time. It contributes to the EU-wide target of reducing net emissions by at least 55% by 2030, and to achieving climate neutrality in 2050.
The regulation aims to reduce greenhouse gas emissions from the shipping sector, by promoting the use of cleaner fuels and energy, promoting the decarbonisation of the maritime transport sector by setting maximum limits on the yearly greenhouse gas intensity of the energy used by a ship.
The limits will become more ambitious over time, from a decrease of 2% in 2025 to as much as 80% by 2050, to stimulate and reflect the expected developments in technology and the increased production of renewable and low-carbon fuels.
Fuel EU Maritime will include ships of 5000 GT and above, regardless of their flag. In future, and pending reviews, the regulation’s scope may be increased to include more vessels.
The regulation states “The entity responsible for ensuring compliance with this Regulation should be the company, defined as the ship owner or any other organisation or person, such as the manager or the bareboat charterer, that has assumed responsibility for the operation of the ship from the ship owner and that, on assuming such responsibility, has agreed to take over all the duties and responsibilities imposed by the International Management Code for the Safe Operation of Ships and for Pollution Prevention as implemented within the Union by Regulation (EC) No 336/2006 of the European Parliament and of the Council (15).”
Vessels of the same or different companies may form a compliance pool to meet the greenhouse gas intensity limits on average. More precisely, vessels with emissions verified by the same verifier can be pooled together, regardless of shipping companies. It applies to a company’s fleet or to pools of vessels owned/chartered by several companies.
Renewable Fuels of Non-Biological Origin (RFNBO) are those synthetic fuels produced from renewable electricity and carbon captured directly from the air. RFNBO’s, also known as e-fuels, are expected to include e-diesel, e-methanol, e-LNG, e-hydrogen, e-ammonia, e-LPG and e-dimethyl ether (DME).
EU Emission Trading System (EU ETS) is a cap-and-trade system market-based-measure (MBM) for reducing greenhouse gas emissions (GHG), in the scope of the EU’s “Fit for 55” package. The revision of the EU ETS Directive entered into force on 5 June 2023. Implementation for the maritime industry will begin on:
Starting from 2025, shipping companies will have to surrender sufficient EU emission allowances (EUAs) based on EU monitoring, reporting and verification (MRV) data of the previous year. The EU ETS has two principles, setting a ceiling on the yearly maximum amount of GHG emissions and the trading of EU emission allowances.
There is no expiry date for the EU allowances (EUAs).
A bareboat charterer cannot be considered as the shipowner under ETS and MRV.
The bareboat charterer can be responsible for compliance with ETS and MRV in respect of a given ship only if that bareboat charterer has accepted to assume ISM Code responsibilities in respect of that ship.
Ships’ emissions will be verified by verifiers accredited by EU Member States.
Companies that fail to surrender allowances are liable to an excess emissions penalty of €100/tonne CO2 and are still liable for the surrendering of the required allowances. Companies that fail to comply for two or more consecutive periods may be denied entry to the EEA/EU for all ships under its responsibility.