EU MRV & ETS
-
What is MRV?
-
What is EU ETS?
-
MOHA's and the Union Registry
-
Our solutions
-
Class News
-
Legislation and Guidance
What is MRV?
The EU MRV Regulation (Regulation (EU) 2015/757) establishes a framework for monitoring, reporting, and verifying CO₂, CH4 and N2O emissions from ships. It is part of the EU’s broader strategy to decarbonise transport and improve transparency in the shipping sector. The EU MRV regulation underpins the EU ETS regulation for maritime compliance.
Who Must Comply?
- Ships ≥ 5,000 GT (gross tonnage), regardless of flag.
- Ships conducting commercial voyages (cargo or passengers) to, from, or between EU ports.
- As of January 2025, the scope includes offshore ships and general cargo ships ≥ 400 GT.
Exemptions include:
- Warships, naval auxiliaries.
- Fishing vessels.
- Non-mechanically propelled ships.
- Government ships used for non-commercial purposes.
The geographical scope of emissions covered includes:
- 100% of emissions for voyages within the EU.
- 50% of emissions for voyages to/from non-EU ports.
- Emissions at berth and within port movements are included.
Who is the regulated entity responsible for compliance with MRV?
The regulated entity under the EU MRV Regulation is the shipping company responsible for the operation of the ship. The shipping company is defined as:
“The shipowner or any other organisation or person (such as the manager or bareboat charterer) who has assumed the responsibility for the operation of the ship from the shipowner and agreed to take over all duties and responsibilities imposed by the ISM Code.”
What does MRV require?
1. Monitoring
Shipowners must:
- Develop a ship-specific monitoring plan (within 2 months of the first port call to an EEA Member State – EEA ports are the EU plus Norway and Iceland. The plan must be assessed by the chosen verifier and approved by the relevant Administering Authority).
- Track fuel consumption, distance travelled, cargo carried, time spent at sea and monitor emissions per voyage and annually (January to December) following the methodology stipulated in the monitoring plan.
- Include emissions from main engines, auxiliary engines, boilers, etc.
See more details on monitoring plan requirements.
2. Reporting
- Submit verified annual emissions reports at the ship level by 30 April each year.
- Include technical efficiency metrics (EEDI or EIV).
- Report emissions from voyages where at least one port of call is in the EU.
- Stops for bunkering, repairs, or crew changes are not considered ports of call.
3. Verification
- Reports must be verified by an accredited third-party verifier.
- Ships must carry a Document of Compliance (DoC) by 30 June each year.
- If a ship changes ownership or management, a partial emissions report must be submitted within 3 months.
4. Deadlines
- By 30 April of each year, submit a verified emissions report to the European Commission (EC) and the relevant flag state.
- By 30 June of each year – carry a valid DoC relating to the relevant reporting period.
- From 30 June each year – ships’ emissions reports made publicly available by the EC.
Ships that have historically never visited an EEA port and therefore do not have an approved monitoring plan or a DoC are still allowed to trade in the EU, but will need to prepare a monitoring plan within two months of their first visit and will need to submit a report of this voyage for the reporting period.
For more details, see Compliance for MRV/ETS
How is MRV enforced?
Enforcement of EU MRV is through Port State Control (PSC).
The PSC will check that there is a DoC on board. If a copy is not on board, the ship is not in compliance with the legislation and is thus liable for fines, or even detention, as determined by the member State.
MRV Regulations
Regulation (EU) 2015/757 on the monitoring, reporting and verification of greenhouse gas emissions from maritime transport, and amending Directive 2009/16/EC as amended by Regulation (EU) 2023/957.
Regulation (EU) 2023/2449 - Templates for monitoring plans, emissions reports, partial emissions reports, documents of compliance, and reports at company level (repealing Commission Implementing Regulation (EU) 2016/1927).
Regulation (EU) 2023/2776 - Rules for monitoring greenhouse gas emissions and other relevant information from maritime transport.
Regulation (EU) 2023/2849 - Rules for reporting and submission of the aggregated emissions data at company level.
Regulation (EU) 2023/2917 - Verification activities, accreditation of verifiers and approval of monitoring plans by administering authorities (repealing Commission Delegated Regulation (EU) 2016/2072).
Regulation (EU) 2024/3214 - rules for the monitoring of greenhouse gas emissions from offshore ships and the zero-rating of sustainable fuels.
What is EU ETS?
The EU Emissions Trading System (EU ETS) has been extended to maritime transport as part of the EU’s climate strategy. The EU ETS is a cap-and-trade system designed to reduce greenhouse gas emissions. It sets a cap on total emissions and allows companies to buy or sell emission allowances. The cap decreases over time, pushing sectors to decarbonise.
Application to Shipping
As of 1 January 2024, the EU ETS applies to:
- Cargo and passenger ships ≥ 5,000 GT operating to, from, or within EU ports, regardless of flag.
- Offshore ships ≥ 5,000 GT from 2027.
- General cargo and offshore ships ≥ 400 GT may be included from 2028
The geographical scope of emissions covered is the same as EU MRV, i.e.:
- 100% of emissions for voyages within the EU.
- 50% of emissions for voyages to/from non-EU ports.
- Emissions at berth and within port movements are included.
However, there are additional exemptions/exclusions which apply to EU ETS including:
1. Voyage-Based Exemptions
Certain voyages are exempt until 2030:
- Voyages to or between EU outermost regions, such as:
- Canary Islands.
- French overseas territories.
- Azores and Madeira.
- Passenger ships and ferries operating between the following locations are exempt:
- Islands with a population of less than 200,000.
- The mainland EU Member State to which they belong.
2. Activity-Based Exemptions
- Ships operating in ice conditions receive a 5% reduction in emissions obligations until 2030.
- Stops not considered ports of call (e.g., refuelling, repairs, crew changes, shelter from weather) are excluded from ETS scope.
3. Transhipment port exclusions
Stops at designated transshipment ports are excluded from the definition of "port of call" under EU ETS.
This prevents companies from minimising ETS exposure by stopping at nearby non-EU ports before entering the EU. For more information on transhipment ports, see Container Transhipment Ports.
Who is the regulated entity responsible for compliance with ETS?
Under the EU Emissions Trading System (EU ETS) for maritime transport, the regulated entity is the shipping company.
The shipping company is defined as:
"The shipowner or any other organisation or person (such as the manager or bareboat charterer) who has assumed responsibility for the operation of the ship under the ISM Code."
The regulated entity must hold the Document of Compliance (DoC) and is legally responsible for:
- Monitoring emissions
- Reporting verified emissions
- Surrendering EU Allowances (EUAs) annually
However, responsibility for compliance can be transferred from the shipping company to a bareboat charterer or ISM manager if:
- They hold the DoC.
- A formal mandate is signed by both parties and submitted to the Administering Authority.
- The mandate must specify the ship, company details, and the date of transfer.
Administering Authority
Each shipping company is assigned an Administering Authority in an EU Member State.
EU-based companies: Assigned to their home country.
Non-EU companies: Assigned based on the EU port with the most historical calls or the first port of call.
What does EU ETS require
1. Reporting
Using verified ship level MRV data, regulated entities must:
- Submit verified annual emissions reports aggregated across all ships in the company into both THETIS-MRV and the Union Registry.
- Open Union Registry Maritime Operator Holding Accounts (MOHA) before the reporting deadline.
- Surrender sufficient EU allowances to cover the company emissions reported in the Union Registry Account.
Companies must submit an emissions report for each ship under their responsibility at the end of the reporting period. This report must cover the entire reporting year and be verified as satisfactory by an accredited verifier. This obligation applies regardless of any changes in company responsibility during the year and is independent of which company is liable for surrendering allowances for the emissions.
2. Verification
- Aggregated company level reports must be verified by an accredited third-party verifier in both THETIS and the Union Registry.
3. Surrender Emission Allowances
Shipowners (or the entity holding the Document of Compliance) must:
- Surrender allowances for CO₂ emissions:
- 2025: 40% of 2024 emissions
- 2026: 70% of 2025 emissions
- 2027 onward: 100% of emissions
- Methane (CH4) and Nitrous Oxide (N2O) will be included from 2026.
4. Deadlines
- By 1 April each year: verified company level emissions for CO2, CH4 and N2O (as applicable) are uploaded into THETIS, and the Union Registry where they must again be marked as verified. (See MOHA's and the Union Registry | LR for more information).
- By 30 September each year: Deadline to surrender EU allowances (EUAs) for the previous year’s emissions.
Enforcement
Enforcement of EU ETS is through the Administering Authority /State that the shipping company reports to.
Each year by 30 September, any shipping companies that have failed to surrender sufficient EUAs in the Union Registry will face penalties.
ETS Regulations
Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading, as amended by Regulation (EU) 2023/959- Amendments to the ETS Directive (Directive EC/2003/87/EC).
Regulation (EU) 2023/2297 - Neighbouring container transshipment ports pursuant to Directive 2003/87/EC.
Regulation (EU) 2023/2599 - Rules for the application of Directive 2003/87/EC as regards the administration of shipping companies by administering authorities in respect of a shipping company.
Decision (EU) 2023/2895 - List of islands and ports referred to in Article 12(3-d) of Directive 2003/87/EC and list of transnational public service contracts or transnational public service obligations referred to in Article 12(3-c) of that Directive.
Decision (EU) 2024/411 - List of shipping companies specifying the administering authority in respect of a shipping company in accordance with Directive 2003/87/EC.
Regulation (EU) 2024/2620 - the requirements for considering that greenhouse gases have become permanently chemically bound in a product
Union Registry.
Regulation (EU) 2019/1122, amended by Regulations (EU) 2023/2904, and (EU) 2025/1253 - on the functioning of the Union Registry and Regulation.
RED
Directive (EU) 2018/2001 - Promotion of the use of energy from renewable sources (RED).
The Union Registry is an IT system similar to online banking that ensures accurate accounting of EU allowances.
Within it, the individual MOHAs will allow shipping companies to:
- Record their annual GHG emissions.
- Check the balance of their account (acquired through auctions or the secondary markets – see Purchasing EU emissions allowances below).
- Transfer allowances between participants; and
- Annually reconcile allowances and company-level emissions.
To open an account, a shipping company will need to send a request to their Administering Authority, providing the information set out in Annex VIIa of Delegated Regulation (EU) 2023/2904
Our range of verification services
Our services are designed to help minimise the risk of non-compliance against the MRV & ETS Regulation, giving you peace of mind. As a globally trusted and experienced verifier, you can be sure that your data is in safe hands. LR is accredited by the Hellenic Accreditation System (E.S.Y.D) and this accreditation remains valid. As an accredited verification body according to the requirements of ISO 14065, you can be sure that your data will be verified by experienced industry experts.
Monitoring Plan Assessment
As an accredited and experienced verifier we can perform monitoring plan assessments as required by the regulation. We will work with you to assess your monitoring plans to ensure they comply. The outcome of our assessment will be presented in a Monitoring Conformity Assessment Report.
Emissions Report Verification
We can perform the required annual emissions verification for your vessel and we will work with you to verify your data and information so that a Document of Compliance can be issued. Once the verification is successfully completed the final Verification Report and Document of Compliance will be available to your company.
Pre-Verification Gap Analysis
We can provide a beneficial gap analysis against either your monitoring plans or your emissions report data, or both. This can be tailored to your specific needs. For example, we can focus on specific areas of concern or take a general overall approach. This will identify any gaps, provide confidence in your approach, and smooth the path to compliance.
Solutions
29/2024: Deadlines for 2024 data submissions for EU MRV, UK MRV, EU ETS and IMO DCS & CII
It is important to be aware of the action needed to meet the mandatory deadlines for submitting data for the 2024 reporting year.
23/2024: MRV/ETS regulatory update for offshore and general cargo ships
The European Union’s Monitoring, Reporting and Verification Regulation (EU MRV regulation) was revised in 2023 to allow shipping to be included in the EU Emissions Trading System (EU ETS).
05/2024 - Publication of the list of Administering Authorities under EU ETS
Since 1 January 2024, the maritime sector has been included in the EU Emission Trading System (EU ETS). (See Class News 07/2023, 14/2023, 21/2023 for additional details on the inclusion of maritime in the EU ETS).
21/2023 - EU MRV Monitoring Plan and Emission Report requirements for compliance with EU Emissions Trading System (ETS)
From 1 January 2024, maritime emissions will be included in the European Union Emissions Trading System (EU ETS). This means the acquiring and surrender of emission allowances for ships over 5,000GT that call at a port or anchorage within the European Economic Area (EEA – EU plus Norway and Iceland)
14/2023 - Update on the Inclusion of maritime transport emissions in the EU Emissions Trading System (ETS)
In May 2023, as part of the “Fit-for-55” package, the European Commission (EC) published the final texts of the revisions to the Emissions Trading Scheme (ETS) Directive (Directive (EU) 2023/959) and the EU Monitoring Reporting and Verification (MRV) Regulation (Regulation EU 2023/957).
07/2023 - EU ‘Fit for 55’ - EU ETS and updates to EU MRV
To accelerate the decarbonisation of shipping, the European Union (EU) is in the final stages of completing an update of Regulation EU 2015/757 Monitoring, reporting and verification of carbon dioxide emissions from maritime transport (EU MRV) and Directive 2003/87/EC establishing a system for greenhouse gas (GHG) emission allowance trading within the Union, otherwise known as the EU Emissions Trading System (EU ETS) to include shipping within its requirements.
What is MRV?
What is MRV?
The EU MRV Regulation (Regulation (EU) 2015/757) establishes a framework for monitoring, reporting, and verifying CO₂, CH4 and N2O emissions from ships. It is part of the EU’s broader strategy to decarbonise transport and improve transparency in the shipping sector. The EU MRV regulation underpins the EU ETS regulation for maritime compliance.
Who Must Comply?
- Ships ≥ 5,000 GT (gross tonnage), regardless of flag.
- Ships conducting commercial voyages (cargo or passengers) to, from, or between EU ports.
- As of January 2025, the scope includes offshore ships and general cargo ships ≥ 400 GT.
Exemptions include:
- Warships, naval auxiliaries.
- Fishing vessels.
- Non-mechanically propelled ships.
- Government ships used for non-commercial purposes.
The geographical scope of emissions covered includes:
- 100% of emissions for voyages within the EU.
- 50% of emissions for voyages to/from non-EU ports.
- Emissions at berth and within port movements are included.
Who is the regulated entity responsible for compliance with MRV?
The regulated entity under the EU MRV Regulation is the shipping company responsible for the operation of the ship. The shipping company is defined as:
“The shipowner or any other organisation or person (such as the manager or bareboat charterer) who has assumed the responsibility for the operation of the ship from the shipowner and agreed to take over all duties and responsibilities imposed by the ISM Code.”
What does MRV require?
1. Monitoring
Shipowners must:
- Develop a ship-specific monitoring plan (within 2 months of the first port call to an EEA Member State – EEA ports are the EU plus Norway and Iceland. The plan must be assessed by the chosen verifier and approved by the relevant Administering Authority).
- Track fuel consumption, distance travelled, cargo carried, time spent at sea and monitor emissions per voyage and annually (January to December) following the methodology stipulated in the monitoring plan.
- Include emissions from main engines, auxiliary engines, boilers, etc.
See more details on monitoring plan requirements.
2. Reporting
- Submit verified annual emissions reports at the ship level by 30 April each year.
- Include technical efficiency metrics (EEDI or EIV).
- Report emissions from voyages where at least one port of call is in the EU.
- Stops for bunkering, repairs, or crew changes are not considered ports of call.
3. Verification
- Reports must be verified by an accredited third-party verifier.
- Ships must carry a Document of Compliance (DoC) by 30 June each year.
- If a ship changes ownership or management, a partial emissions report must be submitted within 3 months.
4. Deadlines
- By 30 April of each year, submit a verified emissions report to the European Commission (EC) and the relevant flag state.
- By 30 June of each year – carry a valid DoC relating to the relevant reporting period.
- From 30 June each year – ships’ emissions reports made publicly available by the EC.
Ships that have historically never visited an EEA port and therefore do not have an approved monitoring plan or a DoC are still allowed to trade in the EU, but will need to prepare a monitoring plan within two months of their first visit and will need to submit a report of this voyage for the reporting period.
For more details, see Compliance for MRV/ETS
How is MRV enforced?
Enforcement of EU MRV is through Port State Control (PSC).
The PSC will check that there is a DoC on board. If a copy is not on board, the ship is not in compliance with the legislation and is thus liable for fines, or even detention, as determined by the member State.
MRV Regulations
Regulation (EU) 2015/757 on the monitoring, reporting and verification of greenhouse gas emissions from maritime transport, and amending Directive 2009/16/EC as amended by Regulation (EU) 2023/957.
Regulation (EU) 2023/2449 - Templates for monitoring plans, emissions reports, partial emissions reports, documents of compliance, and reports at company level (repealing Commission Implementing Regulation (EU) 2016/1927).
Regulation (EU) 2023/2776 - Rules for monitoring greenhouse gas emissions and other relevant information from maritime transport.
Regulation (EU) 2023/2849 - Rules for reporting and submission of the aggregated emissions data at company level.
Regulation (EU) 2023/2917 - Verification activities, accreditation of verifiers and approval of monitoring plans by administering authorities (repealing Commission Delegated Regulation (EU) 2016/2072).
Regulation (EU) 2024/3214 - rules for the monitoring of greenhouse gas emissions from offshore ships and the zero-rating of sustainable fuels.
What is EU ETS?
What is EU ETS?
The EU Emissions Trading System (EU ETS) has been extended to maritime transport as part of the EU’s climate strategy. The EU ETS is a cap-and-trade system designed to reduce greenhouse gas emissions. It sets a cap on total emissions and allows companies to buy or sell emission allowances. The cap decreases over time, pushing sectors to decarbonise.
Application to Shipping
As of 1 January 2024, the EU ETS applies to:
- Cargo and passenger ships ≥ 5,000 GT operating to, from, or within EU ports, regardless of flag.
- Offshore ships ≥ 5,000 GT from 2027.
- General cargo and offshore ships ≥ 400 GT may be included from 2028
The geographical scope of emissions covered is the same as EU MRV, i.e.:
- 100% of emissions for voyages within the EU.
- 50% of emissions for voyages to/from non-EU ports.
- Emissions at berth and within port movements are included.
However, there are additional exemptions/exclusions which apply to EU ETS including:
1. Voyage-Based Exemptions
Certain voyages are exempt until 2030:
- Voyages to or between EU outermost regions, such as:
- Canary Islands.
- French overseas territories.
- Azores and Madeira.
- Passenger ships and ferries operating between the following locations are exempt:
- Islands with a population of less than 200,000.
- The mainland EU Member State to which they belong.
2. Activity-Based Exemptions
- Ships operating in ice conditions receive a 5% reduction in emissions obligations until 2030.
- Stops not considered ports of call (e.g., refuelling, repairs, crew changes, shelter from weather) are excluded from ETS scope.
3. Transhipment port exclusions
Stops at designated transshipment ports are excluded from the definition of "port of call" under EU ETS.
This prevents companies from minimising ETS exposure by stopping at nearby non-EU ports before entering the EU. For more information on transhipment ports, see Container Transhipment Ports.
Who is the regulated entity responsible for compliance with ETS?
Under the EU Emissions Trading System (EU ETS) for maritime transport, the regulated entity is the shipping company.
The shipping company is defined as:
"The shipowner or any other organisation or person (such as the manager or bareboat charterer) who has assumed responsibility for the operation of the ship under the ISM Code."
The regulated entity must hold the Document of Compliance (DoC) and is legally responsible for:
- Monitoring emissions
- Reporting verified emissions
- Surrendering EU Allowances (EUAs) annually
However, responsibility for compliance can be transferred from the shipping company to a bareboat charterer or ISM manager if:
- They hold the DoC.
- A formal mandate is signed by both parties and submitted to the Administering Authority.
- The mandate must specify the ship, company details, and the date of transfer.
Administering Authority
Each shipping company is assigned an Administering Authority in an EU Member State.
EU-based companies: Assigned to their home country.
Non-EU companies: Assigned based on the EU port with the most historical calls or the first port of call.
What does EU ETS require
1. Reporting
Using verified ship level MRV data, regulated entities must:
- Submit verified annual emissions reports aggregated across all ships in the company into both THETIS-MRV and the Union Registry.
- Open Union Registry Maritime Operator Holding Accounts (MOHA) before the reporting deadline.
- Surrender sufficient EU allowances to cover the company emissions reported in the Union Registry Account.
Companies must submit an emissions report for each ship under their responsibility at the end of the reporting period. This report must cover the entire reporting year and be verified as satisfactory by an accredited verifier. This obligation applies regardless of any changes in company responsibility during the year and is independent of which company is liable for surrendering allowances for the emissions.
2. Verification
- Aggregated company level reports must be verified by an accredited third-party verifier in both THETIS and the Union Registry.
3. Surrender Emission Allowances
Shipowners (or the entity holding the Document of Compliance) must:
- Surrender allowances for CO₂ emissions:
- 2025: 40% of 2024 emissions
- 2026: 70% of 2025 emissions
- 2027 onward: 100% of emissions
- Methane (CH4) and Nitrous Oxide (N2O) will be included from 2026.
4. Deadlines
- By 1 April each year: verified company level emissions for CO2, CH4 and N2O (as applicable) are uploaded into THETIS, and the Union Registry where they must again be marked as verified. (See MOHA's and the Union Registry | LR for more information).
- By 30 September each year: Deadline to surrender EU allowances (EUAs) for the previous year’s emissions.
Enforcement
Enforcement of EU ETS is through the Administering Authority /State that the shipping company reports to.
Each year by 30 September, any shipping companies that have failed to surrender sufficient EUAs in the Union Registry will face penalties.
ETS Regulations
Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading, as amended by Regulation (EU) 2023/959- Amendments to the ETS Directive (Directive EC/2003/87/EC).
Regulation (EU) 2023/2297 - Neighbouring container transshipment ports pursuant to Directive 2003/87/EC.
Regulation (EU) 2023/2599 - Rules for the application of Directive 2003/87/EC as regards the administration of shipping companies by administering authorities in respect of a shipping company.
Decision (EU) 2023/2895 - List of islands and ports referred to in Article 12(3-d) of Directive 2003/87/EC and list of transnational public service contracts or transnational public service obligations referred to in Article 12(3-c) of that Directive.
Decision (EU) 2024/411 - List of shipping companies specifying the administering authority in respect of a shipping company in accordance with Directive 2003/87/EC.
Regulation (EU) 2024/2620 - the requirements for considering that greenhouse gases have become permanently chemically bound in a product
Union Registry.
Regulation (EU) 2019/1122, amended by Regulations (EU) 2023/2904, and (EU) 2025/1253 - on the functioning of the Union Registry and Regulation.
RED
Directive (EU) 2018/2001 - Promotion of the use of energy from renewable sources (RED).
MOHA's and the Union Registry
The Union Registry is an IT system similar to online banking that ensures accurate accounting of EU allowances.
Within it, the individual MOHAs will allow shipping companies to:
- Record their annual GHG emissions.
- Check the balance of their account (acquired through auctions or the secondary markets – see Purchasing EU emissions allowances below).
- Transfer allowances between participants; and
- Annually reconcile allowances and company-level emissions.
To open an account, a shipping company will need to send a request to their Administering Authority, providing the information set out in Annex VIIa of Delegated Regulation (EU) 2023/2904
Our solutions
Our range of verification services
Our services are designed to help minimise the risk of non-compliance against the MRV & ETS Regulation, giving you peace of mind. As a globally trusted and experienced verifier, you can be sure that your data is in safe hands. LR is accredited by the Hellenic Accreditation System (E.S.Y.D) and this accreditation remains valid. As an accredited verification body according to the requirements of ISO 14065, you can be sure that your data will be verified by experienced industry experts.
Monitoring Plan Assessment
As an accredited and experienced verifier we can perform monitoring plan assessments as required by the regulation. We will work with you to assess your monitoring plans to ensure they comply. The outcome of our assessment will be presented in a Monitoring Conformity Assessment Report.
Emissions Report Verification
We can perform the required annual emissions verification for your vessel and we will work with you to verify your data and information so that a Document of Compliance can be issued. Once the verification is successfully completed the final Verification Report and Document of Compliance will be available to your company.
Pre-Verification Gap Analysis
We can provide a beneficial gap analysis against either your monitoring plans or your emissions report data, or both. This can be tailored to your specific needs. For example, we can focus on specific areas of concern or take a general overall approach. This will identify any gaps, provide confidence in your approach, and smooth the path to compliance.
Solutions
Class News
29/2024: Deadlines for 2024 data submissions for EU MRV, UK MRV, EU ETS and IMO DCS & CII
It is important to be aware of the action needed to meet the mandatory deadlines for submitting data for the 2024 reporting year.
23/2024: MRV/ETS regulatory update for offshore and general cargo ships
The European Union’s Monitoring, Reporting and Verification Regulation (EU MRV regulation) was revised in 2023 to allow shipping to be included in the EU Emissions Trading System (EU ETS).
05/2024 - Publication of the list of Administering Authorities under EU ETS
Since 1 January 2024, the maritime sector has been included in the EU Emission Trading System (EU ETS). (See Class News 07/2023, 14/2023, 21/2023 for additional details on the inclusion of maritime in the EU ETS).
21/2023 - EU MRV Monitoring Plan and Emission Report requirements for compliance with EU Emissions Trading System (ETS)
From 1 January 2024, maritime emissions will be included in the European Union Emissions Trading System (EU ETS). This means the acquiring and surrender of emission allowances for ships over 5,000GT that call at a port or anchorage within the European Economic Area (EEA – EU plus Norway and Iceland)
14/2023 - Update on the Inclusion of maritime transport emissions in the EU Emissions Trading System (ETS)
In May 2023, as part of the “Fit-for-55” package, the European Commission (EC) published the final texts of the revisions to the Emissions Trading Scheme (ETS) Directive (Directive (EU) 2023/959) and the EU Monitoring Reporting and Verification (MRV) Regulation (Regulation EU 2023/957).
07/2023 - EU ‘Fit for 55’ - EU ETS and updates to EU MRV
To accelerate the decarbonisation of shipping, the European Union (EU) is in the final stages of completing an update of Regulation EU 2015/757 Monitoring, reporting and verification of carbon dioxide emissions from maritime transport (EU MRV) and Directive 2003/87/EC establishing a system for greenhouse gas (GHG) emission allowance trading within the Union, otherwise known as the EU Emissions Trading System (EU ETS) to include shipping within its requirements.
Legislation and Guidance
Our resources
The latest content and downloads
Latest news and insights
Press releases
Press release29 Sep 2025
Exploring the use of advanced micro-nuclear reactors in powering ships with Deployable Energy
Press release24 Sep 2025
Biofuels emerge as superyachting’s next big step for decarbonisation
Press release19 Sep 2025
Royal visit marks official reopening of historic London headquarters
Press release16 Sep 2025
LR validates bound4blue’s new methodology to accelerate wind propulsion adoption
Press release16 Sep 2025
LR launches Biofuel Advisory service to help accelerate shipping’s decarbonisation
Press release15 Sep 2025
H2C and Lloyd’s Register join forces to accelerate maritime fuel switching
Press release15 Sep 2025
Lloyd’s Register returns to its historic home at 71 Fenchurch Street
Press release12 Sep 2025