Following EU Emissions Trading Scheme (ETS) to add greenhouse gas emissions from the maritime sector to Europe’s carbon market, Asian Nations expressed their concerns against this decision.
To remind, the European Commission plans to bring international shipping into the EU Emissions Trading System (ETS).
In light of the situation, Japan and South Korea urged that adding shipping to Europe’s carbon market could stoke trade tensions, and cause extra emissions by prompting ships to take longer routes to avoid stops in Europe.
The application of EU-ETS to international shipping will have adverse repercussion on both environmental integrity and sustainability of global maritime transport and trade.
….as the South Korean government
What is more, both countries agreed with the World Shipping Council (WSC) position, that extension of EU ETS to international shipping would undermine efforts to reduce global greenhouse gas emissions currently underway.
Extension of EU ETS to international shipping is not the suggested way forward, whether the scope is limited to intra-EU shipping only or not.
..as Japan’s government said in public documents submitted to the European Commission.
Concluding, Liberian Registry also expressed its opposition over the EU’s proposal, considering that shipping should work towards one set of requirements established by the International Maritime Organization (IMO), avoiding the creation of a fractured system of regional requirements that reach beyond EU waters.