Technology company ZeroNorth, in partnership with energy and commodities company Vitol, has announced that customers will be able to request to buy European Union Allowances (EUAs) for EU Emissions Trading System compliance through the ZeroNorth platform. 

The ZeroNorth platform’s Emissions Analytics solution already enables users to calculate their EUA exposure, but this additional functionality enables users to submit a request to Vitol for the purchase of allowances in the same workflow, saving them considerable time and effort. 

ZeroNorth’s Emission Analytics module will facilitate EU ETS exposure management between owners and charterers by improving alignment on data collection, validation and reporting.

The platform will support customers who may not have their own capacity to purchase EUAs, lowering the barrier to entry for compliance with EU ETS rules.

This also opens a new opportunity for the industry, as traditionally EUA providers might charge a high commission fee, and banks require a large volume of EUAs for transactions. Customers can now request to buy EUAs in low volumes through a direct link from the ZeroNorth platform.

Shipping companies must surrender their first EUAs by September 30, 2025 for emissions reported in 2024. Initially, the share of emissions that must be covered by these EUAs is 40 percent of reported emissions in 2024, rising to 70 percent for 2025’s emissions and then 100 percent by 2027 and beyond. 

Learn more here.