Tag: Emissions Trading System (ETS)

Guido Harling, Executive Director and Founder ETSverification GmbH, says the reporting of shipping emissions under MRV Regulation is a 'daunting task' and advises how companies shall get prepared for the monitoring plan up to the Aug 31st deadline

The Clean Shipping Coalition has sent a letter to Mr. Kitack Lim, Secretary General of IMO, criticizing his recent views on including shipping industry in the EU Emission Trading System. Mr. Lim has expressed concerns that this action could undermine efforts to reduce greenhouse as emissions from shipping on a global basis whereas the NGO supports that IMO should not interfere in European politics.

INTERCARGO expressed its full support and total alignment with IMO Secretary-General Kitack Lim’s concerns that including shipping in the European Union’s Emission Trading System (EU-ETS) could undermine efforts to reduce GHG emissions from ships on a global basis.

IMO Secretary-General Kitack Lim has written to senior European officials expressing his concern that including shipping in the European Union’s Emission Trading System (EU-ETS) could undermine efforts to reduce greenhouse gas (GHG) emissions from shipping on a global basis.

ESPO strongly believes that IMO is by far the right level to address the issue and to find a solution. In that respect, ESPO believes that the roadmap agreed on at the IMO MEPC meeting last October is a starting point

EU revised the report on EU ETS putting pressure on IMO to have a system comparable to ETS operating for global shipping as from 2021 or else shipping will be then included in the EU ETS as from 2023. First reactions have slammed the decision; many industry stakeholders have expressed their concerns that the split threatens shipping.

The European Parliament has voted in favor of including shipping industry in the EU Emissions Trading Scheme (ETS) from 2023 if IMO does not deliver a global deal by 2021. The decision, which imposes a regional ETS on shipping, has raised concerns among the global shipping community. ICS says that it will polarise and impede current discussions on additional CO2 reduction measures at the UN IMO.

The Industry Committee of the European Parliament adopted its report on the EU’s Emissions Trading Scheme and stressed that the climate impact of shipping should be regulated at UN level. Therefore, the Committee rejected the inclusion of shipping in the EU ETS confirming IMO regulatory role on CO2 emissions.

The Paris climate agreement’s target of limiting global warming well below 2°C will be impossible without measures to curb shipping’s greenhouse gas emissions, MEPs told industry representatives last week. Including shipping CO2 in the EU’s emissions trading system (ETS) or having the sector contribute to a climate compensation fund were the options on the table, they said.