Several major shipbrokers have entered the environmental brokerage business amid expectations of a spike in demand for carbon credits.

BRS, Clarksons and Affinity (Shipping) launched their carbon desks in late 2020 and are among the first in shipping to enter the ever-evolving market.

The European Union is drafting regulations that will likely require vessel operators to buy emission allowances for their voyages to, from or between European ports, which could take effect as early as 2022.