Requirements to reduce emissions will have a significant impact beyond regulatory compliance as they will also affect economic factors such as operating costs, balance sheet risk, commercial attractiveness, earnings capacity, access to capital and asset values, as well as financial control.
According to DNV’s Director Environment Maritime Eirik Nyhus, the EU ETS will lead to additional costs for the industry of roughly up to €10 billion a year once fully implemented in 2026, due to the need to acquire carbon credits corresponding to GHG emissions. This will effectively increase fuel-related costs by about 50%.
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