Tag: Emissions Trading System

On the 13th of March 2023, the European Parliament is expected to vote on the political agreement for the revised EU Emissions Trading System (ETS)

The European Union Council and Parliament have reached a provisional deal to include shipping in the EU emissions trading system (EU-ETS).

In January 2022 the European Parliament’s Rapporteur, MEP Peter Liese, published a new draft report on a proposal to revise the Emissions Trading System (ETS) Directive. The draft suggests several number of ambitious amendments to emissions trading for Maritime ETS, which will add pressure on shipping to switch to cleaner fuels.

Leaked amendments to the draft EU Maritime Emissions Trading System (ETS) proposal could impact the apportionment of ETS costs and liabilities in the maritime sector, argue WFW London Partner Nick Walker and Senior Associate Valentina Keys.

The EU claims the title of frontrunner in the fight against climate change, promoting a particularly ambitious agenda of environmental measures to meet the goals of the landmark Paris Agreement.

A new report by UMAS stresses the need to refine the design of the EU Emission Trading System’s (ETS) inclusion of shipping to effectively reduce greenhouse gas emissions from maritime shipping and advance zero-carbon alternative fuels.

The Asian Shipowners' Association (ASA) expressed its concerns regarding the inclusion of shipping in the EU ETS, which says that "it is being taken forward with little apparent understanding of the implications for the ongoing negotiations at IMO to eliminate GHG emissions."

Inclusion of shipping in the EU ETS will encourage shipping’s journey towards decarbonisation, but EU action threatens to undermine broader international progress if the ETS extends outside of the EU, says World Shipping Council.

ECSA published its policy paper on the EU ETS proposal, welcoming the increased climate ambition of the ‘Fit for 55’ package.

IBIA has studied the European Commission’s “Fit for 55” package of proposals, and highlights a number of potential consequences and concerns.