ZeroNorth has partnered with energy and commodities company Vitol to allow users of its software to request to buy European Union Allowances (EUAs) for EU Emissions Trading System compliance directly through the platform.
The ZeroNorth software’s Emissions Analytics system already allows users to calculate their EUA exposure, but this additional functionality will provide the option to also submit a request to Vitol for the purchase of allowances in the same workflow.
The move aims to support users who may not have their own capacity to purchase EUAs and make it easier to request to buy EUAs in low volumes through a direct link from the ZeroNorth application.
“We are proud to partner with Vitol on this new functionality for the ZeroNorth platform, which we believe will considerably smooth the process of enabling customers to work with Vitol to purchase their EUAs for ETS compliance,” said Søren Meyer, CEO, ZeroNorth.
“EU ETS is transformative in terms of its mandate to reduce emissions from shipping. We understand that for some customers – and particularly those that lack the scale or processes to navigate the regulation – solutions are needed to help smooth their emissions reductions pathway.”
“That’s why we have chosen to work with Vitol’s Carbon Desk, a leader in this space, and make it easier for customers of all sizes to seek to purchase the EUAs they need to have a positive impact on shipping.”
