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V.Group teams up with Aither to offer carbon trading solutions for ETS

V. customers will now have access to a dedicated online portal to ascertain the cost of carbon used and purchase carbon credits
V.Group and Aither, which provides carbon trading solutions for shipowners and other industries, have formed a strategic partnership focused on the seamless trading of carbon credits for the EU Emissions Trading System scheme and beyond.

The EU ETS requires organisations to account for their greenhouse gas emissions, helping to reduce emissions and generate revenues to finance the EU’s green transition. ETS currently covers emissions in the energy, aviation and manufacturing sectors and will cover emissions from maritime transport from January 2024.

‘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,’ said V.Group CEO René Kofod-Olsen

‘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.’ 

Access to a dedicated online portal 

By partnering with Aither, V. customers will have access to a dedicated online portal to ascertain the cost of the carbon that has been used, be given the opportunity to purchase carbon credits and have them deposited with the EU Registry in order 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.    

Jacopo Visetti, co-founder of Aither, said, ‘We are excited to be joining forces with V.Group which provides us with a second-to-none platform supporting decarbonisation in shipping. 

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.’

For V. customers who are using Aither to acquire their carbon credits, at no additional cost Aither is able to provide them with direct assistance and advice in all aspects of the EU ETS process, including setting up the accounts, advising solutions for any issues identified and providing training to personnel as required.

EU Emissions Trading System 

V. has been closely monitoring the development of the EU ETS and preparing its systems and service offerings to be ready for its implementation. It partners with leading organisations, including the Maersk Mc-Kinney Moeller Centre for Zero Carbon Shipping, and provides a wide range of bespoke decarbonisation services to shipowners. These include the recently launched V.ERDE suite of products and complex operational, financial and environmental data for vessels managed by V. through its ShipSure platform. V.’s technical services arm SeaTec has executed hundreds of eco and compliance retrofits globally.