Shipping companies are being urged to prepare now for the arrival of the UK Emissions Trading Scheme (UK ETS) in the maritime sector in July – industry experts warning that companies relying on simple “buy-to-comply” strategies risk higher long-term costs.

During a webinar today, hosts ZERO44 and CFP Energy said the new regime would initially mirror many elements of the EU ETS, but would create new compliance and cost-management challenges for shipowners, operators, and charterers.