Tag: Emissions Trading System

The European Commission (EC) presented its FuelEU Maritime proposals. These proposals aim to increase shipping’s uptake of renewable and low carbon fuels (RLF).

On 14 July, the EU officially proposed the extension of EU Emissions Trading System to cover the shipping sector. Amid increased discussions on the ETS, which seeks to put a price on carbon to reduce emissions, the EU answered five questions surrounding the issue. 

Following the announcement from the EU today about the proposed extension of the EU’s Emissions Trading System (ETS) to cover the international shipping sector, the ICS issued statement to comment the news.

The European Environmental Bureau (EBB) says that the European Commission is missing another historic opportunity to phase out fossil fuels in the ‘Fit for 55’ package.

Japan has opposed to EU's plan to include the shipping sector in the emissions trading system (ETS).

A recent study on the upcoming FuelEU Maritime proposal finds that a promotion of biofuels may raise serious enforcement concerns, as a mandatory fuel standard is aimed to apply to fuels purchased also outside the EU. This could jeopardise the achievement of emissions reductions.

In a letter sent to the European Commission, a coalition of European Shipowners calls for an ambitious and tailor-made to the industry ETS by putting the ‘polluter pays principle’ at the core of the new proposal for shipping.

A new report, published by the Technical University of Denmark (DTU) and commissioned by Danish Maritime Authority, provides an overview and discussion of potential Market Based Measures under IMO’s Initial GHG Strategy.

In line with a great deal of debate across the industry, BIMCO became the latest shipping association to express concerns on the inclusion of shipping in the EU Emissions Trading Scheme (ETS), noting that such action will inhibit global action on reducing CO2 emissions.

Following months of debates across the industry, the European Parliament voted to include CO2 emissions from the maritime sector in the EU Emissions Trading System, eyeing a 40% reduction in CO2 by 2030.