V. Group forms carbon trading partnership
Shipmanagement and marine services giant V.Group has partnered up with carbon trading firm Aither to provide shipowners trading of carbon credits for the EU Emissions Trading System (ETS), which will cover emissions from maritime transport from January 2024.
The partnership will give V’ shipowner clients access to a dedicated online portal to ascertain the cost of the carbon that has been used, be allowed to purchase carbon credits and have them deposited with the EU Registry to maintain compliance with the incoming EU ETS scheme. The verified emissions data for vessels under technical management by V. will be provided to shipowners via the ShipSure platform.
The two companies said they will aim to deliver full-service solutions with the technical, financial and carbon expertise required to make fleets carbon neutral while supporting the strategic business objectives of shipowners and investors.
René Kofod-Olsen, chief executive of V.Group, said: “Decarbonisation is top of mind for all shipowners around the world, and the inclusion of the shipping industry in the EU ETS scheme from 2024 has made the requirements for capturing verified emissions data even more imminent. We are pleased to be partnering with Aither to ensure that shipowners working with V. continue to receive the most seamless experience for carbon trading.“
Jacopo Visetti, co-founder of Aither, added: “Through V.’s global reach and expansive digital infrastructure, we have been able to jointly build a solution for shipowners, which simplifies their journey through the incoming EU ETS legislation by providing an efficient platform in order to maintain compliance.”
In addition to the partnership with Aither, V. noted it can also provide shipowners with support in their compliance with ETS through systems capable of measuring and reporting emissions data after each vessel voyage, partnership with EU-accredited verifiers of emissions data, systems for seamless transfer of that data as well as annual EU ETS impact evaluation.