zero44

We are proud to announce the launch of the zero44 Trading Partnership Programme! 🚀 The programme aims to ensure smooth and easy procurement and trading of allowances with world-class, trusted partners. We warmly welcome ACT Group, AFS Group, Aither, Berenberg, Carlton Carbon, CFP Energy, Grey Epoch, and Targray to the programme. Working with these partners means choosing renowned and reliable services. At the same time, our customers will still be able to bring in their trading partner of choice. "We want to offer both with our Trading Partnership Programme: guidance and freedom at the same time. If you want to, you can work with our trading partners - but it's not an obligation," says our Managing Director Friederike Hesse. Thanks to our partners for the great collaboration. 🤝 We are looking forward to continuing to work together for effective #EUETS management.

We look back at a great event for the Hong Kong shipping community! 🚢 The high attendence to our seminar in collaboration with The Hong Kong Shipowners Association clearly signals that the industry is getting ready for the big transition that awaits. Thanks to all participants for your engagement and using the opportunity to connect with fellow colleagues at the networking session that followed the seminar. 🤝 Special thanks to The Hong Kong Shipowners Association and to the experts who shared their knowledge on #EUETS and #FuelEUMaritime from a legal, data verification, carbon trading, and administrative perspective: Nicola Hui of HFW, Tao SHEN 韬 of American Bureau of Shipping (ABS), Erlend Engelstad of EEX Asia, and our own Ronny Waage.

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗙𝘂𝗲𝗹𝗘𝗨 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲? ⚠️ Vessels running on conventional fuels will have a greenhouse gas (GHG) intensity higher than the 2025 limit of 89.3 gCO2e/MJ, resulting in a compliance deficit and significant financial exposure to FuelEU penalties. Luckily, there are different strategies to decrease a vessel's GHG intensity and become #FuelEU compliant. The different options summarized: ⛽ 𝗦𝘁𝗮𝗿𝘁 𝘂𝘀𝗶𝗻𝗴 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗳𝘂𝗲𝗹𝘀 The most efficient way to decrease GHG intensity is shifting to lower intensity fuels. Blending biofuel with conventional fuel is seen as a logical route to compliance as it often doesn't require major vessel modifications. Using alternative fuels - like e-methanol or e-ammonia - does often requires retrofitting, but is even more beneficial under FuelEU regulation. In addition to having a very low GHG intensity, the energy provided by these fuels can be counted double in the GHG intensity calculations. This incentive is known as the '𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗶𝗲𝗿 𝗼𝗳 𝟮' 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘂𝘀𝗲 𝗼𝗳 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗙𝘂𝗲𝗹𝘀 𝗼𝗳 𝗡𝗼𝗻-𝗕𝗶𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗢𝗿𝗶𝗴𝗶𝗻 and only applies from 2025 to 2033. 💨 𝗜𝗻𝘀𝘁𝗮𝗹𝗹𝗶𝗻𝗴 𝘄𝗶𝗻𝗱 𝗽𝗿𝗼𝗽𝘂𝗹𝘀𝗶𝗼𝗻 Ships with wind-asissted propulsion, for example by rotor sails, kites, hard or rigid sails, soft sails, suction wings or turbines, benefit from the reward factor for wind. Based on the available effective power and the propulsion power of the ship, a reward factor can be calculated which translates into a 1-5% discount on the vessel's annual GHG intensity. 🔌 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗼 𝗢𝗻𝘀𝗵𝗼𝗿𝗲 𝗣𝗼𝘄𝗲𝗿 𝗦𝘂𝗽𝗽𝗹𝘆 From 2030, connecting to Onshore Power Supply (OPS) will be mandatory for container and passenger vessels. Already from 2025, all vessels will benefit from connecting to OPS, since the regulation assumes electricity delivered to the ship per OPS to have zero emissions. ↔️ 𝗨𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗺𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺𝘀 FuelEU provides three so-called flexibility mechanisms. Banking and borrowing allow shifting compliance deficits or surpluses for the same vessel between years. Pooling allows balancing deficits and surpluses between vessels in the same reporting year. This way, a non-compliant vessel can achieve compliance by borrowing a compliance surplus from the next reporting year or by joining a pool with one or more overcompliant vessels. 💰 𝗣𝗮𝘆 𝘁𝗵𝗲 𝗽𝗲𝗻𝗮𝗹𝘁𝘆 Last but not least, compliance can be achieved by not undertaking any mitigating actions and pay the FuelEU penalty of about €0,058 per MJ of non-compliant energy used. Want to learn more about #FuelEUMaritime? Make sure to follow zero44 to stay up to date with the latest developments.

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗙𝘂𝗲𝗹𝗘𝗨 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲? ⚠️ Vessels running on conventional fuels will have a greenhouse gas (GHG) intensity higher than the 2025 limit of 89.3 gCO2e/MJ, resulting in a compliance deficit and significant financial exposure to FuelEU penalties. Luckily, there are different strategies to decrease a vessel's GHG intensity and become #FuelEU compliant. The different options summarized: ⛽ 𝗦𝘁𝗮𝗿𝘁 𝘂𝘀𝗶𝗻𝗴 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗳𝘂𝗲𝗹𝘀 The most efficient way to decrease GHG intensity is shifting to lower intensity fuels. Blending biofuel with conventional fuel is seen as a logical route to compliance as it often doesn't require major vessel modifications. Using alternative fuels - like e-methanol or e-ammonia - does often requires retrofitting, but is even more beneficial under FuelEU regulation. In addition to having a very low GHG intensity, the energy provided by these fuels can be counted double in the GHG intensity calculations. This incentive is known as the '𝗺𝘂𝗹𝘁𝗶𝗽𝗹𝗶𝗲𝗿 𝗼𝗳 𝟮' 𝗳𝗼𝗿 𝘁𝗵𝗲 𝘂𝘀𝗲 𝗼𝗳 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗙𝘂𝗲𝗹𝘀 𝗼𝗳 𝗡𝗼𝗻-𝗕𝗶𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗢𝗿𝗶𝗴𝗶𝗻 and only applies from 2025 to 2033. 💨 𝗜𝗻𝘀𝘁𝗮𝗹𝗹𝗶𝗻𝗴 𝘄𝗶𝗻𝗱 𝗽𝗿𝗼𝗽𝘂𝗹𝘀𝗶𝗼𝗻 Ships with wind-asissted propulsion, for example by rotor sails, kites, hard or rigid sails, soft sails, suction wings or turbines, benefit from the reward factor for wind. Based on the available effective power and the propulsion power of the ship, a reward factor can be calculated which translates into a 1-5% discount on the vessel's annual GHG intensity. 🔌 𝗖𝗼𝗻𝗻𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗼 𝗢𝗻𝘀𝗵𝗼𝗿𝗲 𝗣𝗼𝘄𝗲𝗿 𝗦𝘂𝗽𝗽𝗹𝘆 From 2030, connecting to Onshore Power Supply (OPS) will be mandatory for container and passenger vessels. Already from 2025, all vessels will benefit from connecting to OPS, since the regulation assumes electricity delivered to the ship per OPS to have zero emissions. ↔️ 𝗨𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝗹𝗲𝘅𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗺𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺𝘀 FuelEU provides three so-called flexibility mechanisms. Banking and borrowing allow shifting compliance deficits or surpluses for the same vessel between years. Pooling allows balancing deficits and surpluses between vessels in the same reporting year. This way, a non-compliant vessel can achieve compliance by borrowing a compliance surplus from the next reporting year or by joining a pool with one or more overcompliant vessels. 💰 𝗣𝗮𝘆 𝘁𝗵𝗲 𝗽𝗲𝗻𝗮𝗹𝘁𝘆 Last but not least, compliance can be achieved by not undertaking any mitigating actions and pay the FuelEU penalty of about €0,058 per MJ of non-compliant energy used. Want to learn more about #FuelEUMaritime? Make sure to follow zero44 to stay up to date with the latest developments.

A couple of weeks ago, we all gathered in Hamburg for our team event! 🙌 We kicked off the two days by putting our teamwork to the test while canoeing on the Alster. To stay in the theme, we visited the Port of Hamburg and enjoyed a great tour of the Cap San Diego. 🚢 Most of all, we enjoyed two days of connecting, good conversations, and celebrating our collective achievements! 🎉

Please excuse the late notice: We have to move our webinar by one week. It will now take place on June 28. Our hosts are unfortunately sick 🤒. We thus think that both, participants and hosts, will have a much better webinar experience if we move this by one week.

𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗼𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲? ⚠️ Vessels operating on conventional fuel oil will have too high greenhouse gas intensities and be non-compliant right away from 2025. ♟️ In video 3 of our FuelEU series, Sandra Bronsvoort walks you through different strategies to become compliant. 🧭 Follow zero44 or reach out to Sandra Bronsvoort, Friederike Hesse or Friedemann Nierhaus and we will help you navigate #FuelEUMaritime .

𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝗙𝘂𝗲𝗹𝗘𝗨 𝗿𝗲𝗹𝗮𝘁𝗲 𝘁𝗼 𝗘𝗨 𝗘𝗧𝗦? 💡 From 2024, #EUETS was extended to also cover the emissions from maritime transport. From 2025, #FuelEUMaritime will be introduced as a complementary regulation. ➕ Both are part of Europe's Fit for 55 program. 🇪🇺 That is Europe's climate goal to reduce EU emissions by at least 55% by 2030, but they aim to do so in a different way. 𝗧𝗵𝗲 𝗸𝗲𝘆 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲𝘀: ⛽ 𝗘𝗻𝗲𝗿𝗴𝘆 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆 𝗺𝗲𝗮𝘀𝘂𝗿𝗲𝘀 𝘄𝗶𝗹𝗹 𝗻𝗼𝘁 𝗯𝗲 𝘀𝘂𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁 Under EU ETS, companies need to surrender allowances for the amount of CO2 emitted: it focuses on 𝗵𝗼𝘄 𝗺𝘂𝗰𝗵 𝗳𝘂𝗲𝗹 is burned. Energy efficiency measures that result in a lower fuel consumption can be an effective strategy in reducing overall emissions. For FuelEU that won't be enough, as this doesn't improve a vessel's greenhouse gas intensity. For FuelEU it is therefore also important 𝘄𝗵𝗮𝘁 𝗳𝘂𝗲𝗹𝘀 are burned. ☁ 𝗠𝗼𝗿𝗲 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲𝗱 Whereas EU ETS (currently) only covers CO2 emissions, FuelEU also covers the emissions of nitrous oxide and methane. In addition, it covers fuels' well-to-wake emissions and not - like EU ETS - only emissions released during combustion. This requires companies to gather more information about the origins of the fuels they are bunkering. 💰 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗺𝗽𝗮𝗰𝘁 𝘄𝗶𝗹𝗹 𝗼𝘃𝗲𝗿𝘁𝗮𝗸𝗲 𝗘𝗨 𝗘𝗧𝗦 𝗰𝗼𝘀𝘁𝘀 When entering into force in 2025, FuelEU targets - and with that penalties for non-compliance - are still relatively mild. But with targets getting more strict every five years, FuelEU's financial impact will increase over the years. Eventually, it will be the driving factor behind decarbonisation of the industry. The graph shows an 𝗲𝘅𝗮𝗺𝗽𝗹𝗲 of a vessel with an annual consumption of 12.000 tonnes HFO and 1.400 tonnes MDO with full EU exposure, taking into account projected EUA prices. What FuelEU and EU ETS do have in common is that both adopt the 𝗽𝗼𝗹𝗹𝘂𝘁𝗲𝗿 𝗽𝗮𝘆𝘀 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗹𝗲, meaning regulatory costs can be passed on ⏭ the maritime value chain. Want to learn more about #FuelEUMaritime? Make sure to follow zero44 to stay up to date with the latest developments. In the next video in our FuelEU series, Sandra Bronsvoort will explain what different options FuelEU offers to become compliant. 👀

Join us for an insightful webinar to assess your organisation’s readiness to deal with #CII, #EUETS, and #FuelEUMaritime! Based on the first 6 months under EU ETS, Friederike Hesse and Friedemann Nierhaus will share insights on what it takes for successful companies to master carbon regulations, get their money back, maintain a clean paper trail of all transactions, and prepare for FuelEU Maritime. The webinar will have three parts: ✅ Is your organisation prepared to master carbon regulations? We will introduce four essential criteria to measure your organisation’s readiness. 🚀 What do successful companies do? We will share best practices in EU ETS management from the last six months. Recent additions to the zero44 solution will also be presented. ⛽ What will FuelEU Maritime bring, how do you need to manage it, and how can zero44 assist? We will give you an outlook.

🇭🇰 𝗝𝗼𝗶𝗻 𝗼𝘂𝗿 𝗛𝗼𝗻𝗴 𝗞𝗼𝗻𝗴 𝘀𝗲𝗺𝗶𝗻𝗮𝗿! zero44, together with the The Hong Kong Shipowners Association, invites the Hong Kong shipping community to an insightful seminar tailored to equip shipowners, operators and managers with the tools necessary to effectively navigate #EUETS and #FuelEUMaritime. We are happy to welcome a diverse set of speakers that will cover the regulations from a legal, data verification, carbon trading, and administrative perspective: 📝 Christopher Chan of HFW sharing his insights on the adoption of the 𝗕𝗜𝗠𝗖𝗢 𝗰𝗹𝗮𝘂𝘀𝗲𝘀. 📊 Tao SHEN 韬 of American Bureau of Shipping (ABS) talking about where the industry is heading when it comes to 𝗲𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 𝗱𝗮𝘁𝗮 𝘃𝗲𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻. 💹 Andrea Rumignani of Aither discussing how the industry is coping with the 𝗘𝗨 𝗘𝗧𝗦 𝗰𝗮𝗿𝗯𝗼𝗻 𝗺𝗮𝗿𝗸𝗲𝘁. 🚢 zero44's own Ronny Waage sharing how to effectively 𝗺𝗮𝗻𝗮𝗴𝗲 𝗘𝗨 𝗘𝗧𝗦 𝗮𝗻𝗱 𝗽𝗿𝗲𝗽𝗮𝗿𝗲 𝗳𝗼𝗿 𝗙𝘂𝗲𝗹𝗘𝗨. The seminar will end with a 𝗤&𝗔 𝘀𝗲𝘀𝘀𝗶𝗼𝗻 during which our experts will answer all your questions around carbon regulations compliance, and a 𝗻𝗲𝘁𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝗲𝘃𝗲𝗻𝘁. 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 via the link in the comments and join the growing list of participants! 👇