Industry shows disappointment over new EU MRV rules
Following yesterday’s vote in the European Parliament, adopting a regional EU Regulation on the Monitoring, Reporting and Verification (MRV) of individual ship emissions of CO2, the International Chamber of Shipping (ICS), BIMCO and Intercargo have issued the following statement: ‘’Today’s vote was expected, being based on the political agreement reached between the EU institutions at the end of last year. However, the shipping industry is still disappointed by the Parliament’s confirmation of the EU decision to pre-empt the current International Maritime Organization (IMO) negotiations on a global data collection system on shipping’s CO2 emissions by adopting a unilateral, regional Regulation on the Monitoring, Reporting and Verification of individual ship emissions – which will also apply to non-EU flag ships trading to Europe – in advance of IMO completing its work. Until now, with the industry’s support, the IMO negotiations have been progressing well. But there is a danger that the EU initiative will be seen by non-EU nations as an attempt to present them with a fait accompli. The EU Regulation includes controversial elements, such as the publication of commercially sensitive data on individual ships, an idea which had previously been rejected by the majority of IMO governments during ...
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