EUA Procurement with Varuna Marine Services BV

An EEX-listed EUA trader

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EUA Procurement
with Varuna Marine Services BV

As an EEX-listed EUA trader, Varuna Marine Services BV offers comprehensive support in acquiring European Union Allowances (EUAs) for maritime operators. With our expertise, we help you navigate the complexities of the EU Emissions Trading System (ETS) and ensure seamless compliance with carbon emission regulations.

an EEX-listed EUA trader, Varuna Marine Services BV
EUA Procurement

What is EUA Procurement?

EU Allowance (EUA) procurement is a critical process within the framework of the European Union Emissions Trading System (EU ETS), which is designed to mitigate climate change by regulating greenhouse gas emissions.

European Union Allowances (EUAs) are permits that represent the right to emit one tonne of CO₂ or its equivalent. Under the EU ETS, maritime operators must acquire and surrender EUAs equivalent to their verified emissions each year. Failure to comply can result in significant penalties, making EUA procurement a vital aspect of environmental compliance for shipping companies.

EUA Overview

Overview

EU Allowance (EUA) procurement refers to the process of acquiring emission allowances under the European Union Emissions Trading System (EU ETS).

EUA Objective

Objective

To control greenhouse gas emissions by setting a cap on total emissions and allowing the trading of emission allowances.

HOW AND WHERE TO PROCURE EUAS?

HOW AND WHERE TO PROCURE EUAS?​

EU Allowance (EUA) Procurement Process

Cap setting

Cap Setting

  • The EU sets an overall cap on the total amount of greenhouse gases that can be emitted by all participating installations.
  • This cap is reduced over time to ensure overall emissions fall.
Allocation of Allowances​

Allocation of Allowances

  • Free Allocation: Certain sectors receive allowances for free to prevent carbon leakage.
  • Auctioning: Most allowances are sold through auctions, generating revenue for EU member states.
Compliance

Compliance

  • Companies must hold enough allowances to cover their emissions.
  • If they exceed their allowances, they must purchase more or face penalties.

European Energy Exchange (EEX)

Role of EEX

  • EEX is a key platform for trading EUAs.
  • It provides a transparent and regulated marketplace for emission allowances.

Spot and Derivatives Market

  • EEX also offers spot and derivatives markets for trading EUAs.
  • Participants can trade allowances for immediate delivery (spot) or future delivery (derivatives).
European Energy Exchange (EEX)​

Market Surveillance:

  • EEX maintains market integrity through surveillance and enforcement of trading rules.
  • Ensures that trading activities are transparent and fair. 
Primary Auctions on EEX:
  • EEX conducts primary auctions on behalf of EU member states.
  • Ensures a fair and efficient allocation of allowances through a competitive bidding process.

EUA procurement through Varuna Marine Services B.V.

  • Varuna Marine Services B.V. holds a EUA (European Union Allowances) trading licence and have access to both Primary and Secondary market on EEX.
  • We can provide tailor made contracts for EUA procurement and transfer to your MOHA accounts. Since EUA are allocated via a bidding process we can tailor the size of the bid and value depending on our terms of engagement.
  • EUAs owed are automatically calculated on voyage, vessel, and fleet levels. The calculation of applicable EUAs on a voyage basis is covered via our automated dashboard. This dashboard logs all vessel events and fuel consumption, applies the rules of EUETS and EUMRV, and generates net CO2 emission and applicable EUA for a given voyage.
  • Download Voyage based emission and EUA report right from the Dashboard. There is an option to get a verified report from a partner verifier for a fee, if needed. The generated report can also be submitted to any verifier of choice.
  • We can arrange an online demo at your convenience to review the system in place and discuss specific needs and tailoring requirements.
EUA procurement through Varuna Marine Services B.V.​

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