For shipowners and businesses undergoing verification
Verification
An end-to-end service covering emission data verification readiness, technical coordination with accreditation bodies, and pre-verification data checks.
Climaros is an organization that centers its principles on sustainability. Our mission is to provide solutions that minimize environmental impacts, deliver societal benefits, and leave a sustainable world for future generations.
Maritime Training Programme: EU ETS, MRV and FuelEU
Discover the key to sustainability and regulatory compliance in the maritime sector with this training program. Gain comprehensive knowledge about EU ETS, MRV, and FuelEU regulations, and make a difference in the industry by reducing your carbon footprint.
What is a Net Zero Target and Why is it Important?
A net zero target means that a company, institution, or country aims to completely eliminate its greenhouse gas emissions into the atmosphere. This is usually achieved by reducing emissions and offsetting the remaining emissions. To set net zero targets, companies must first calculate and analyze their current emissions. Then, they should set specific targets and strategies to reduce these emissions.
What is the Relationship Between Net Zero Targets and Carbon Footprint Tracking?
Net zero targets include tracking the carbon footprint. To achieve net zero targets, companies must continuously monitor and aim to reduce their carbon footprints. The carbon footprint represents the total amount of greenhouse gases directly and indirectly emitted by an individual, company, or product. The carbon footprint is usually calculated in CO2 equivalent (CO2e). The calculation includes emissions from energy consumption, transportation, waste management, and other activities. Tracking these emissions by companies and governments is necessary. Emission Trading Systems implemented worldwide allow for this tracking by governments. One of the first systems implemented in this regard is the EU-ETS.
What is the EU Emission Trading System (EU ETS) and How Does it Work?
The EU Emission Trading System (EU ETS) is an emission trading system established by the European Union to reduce carbon emissions. In this system, a certain amount of emission allowances (cap) is determined, and companies can trade these allowances. Companies can sell their surplus allowances if they reduce their emissions below the cap or buy allowances if they need to offset their emissions. An additional tax is applied to the carbon emissions of imported products under the EU ETS. This system is named CBAM (Carbon Border Adjustment Mechanism).
What is the Carbon Border Adjustment Mechanism (CBAM) and Why is it Applied?
The Carbon Border Adjustment Mechanism (CBAM) is an application of the European Union that works according to the carbon content of imported products. CBAM is applied to ensure a level playing field between domestic producers and importers and to prevent carbon leakage. Mechanisms such as the EU-ETS and CBAM encourage companies to monitor and reduce their carbon emissions and achieve sustainability targets.
What are Sustainability and ESG (Environmental, Social, and Governance)?
Sustainability is the ability to meet the needs of future generations by preserving natural resources and balancing environmental, social, and economic factors. Companies that comply with ESG criteria are perceived as more reliable and responsible by investors, customers, and other stakeholders. Additionally, companies with high ESG performance have a higher likelihood of achieving long-term financial success and sustainable growth, and they need to report this performance.