CarbonLeap, an independent organization for managing monetized carbon reductions in global transportation, has brokered first agreements to provide external FuelEU Maritime pooled surpluses to “compliance-deficit shipowners.”

In one case, fleet owners opted to purchase surpluses from the external pool developed by CarbonLeap to meet with FuelEU Maritime compliance at the lowest possible cost and manage price fluctuation and FuelEU non-compliance risk. The agreement also offers volume flexibility to the deficit shipowners, providing additional peace of mind that they will not face penalties in light of uncertain ex-post volume calculations.

The Fuel EU Maritime Regulation is a complementary regulation to the EU Emissions Trading System (ETS), ensuring that the greenhouse gas intensity of fuels used by the shipping sector will gradually decrease over time. External pooling merges third-party vessels with over-compliance and those in compliance deficit, enabling unrelated shipowners to meet emission regulations cost-effectively. CarbonLeap’s external pooling support solution means owners and operators can achieve compliance, circumventing potential difficulties with procuring low-carbon fuels.

Learn more here.