Tag: EU ETS

Following the recent news that the European Parliament recognizes the structural role of the commercial operators in shipping and the need for a sector-dedicated fund, the Union of Greek Shipowners (UGS)  welcomed the adopted position, highlighting that the “polluter pays” principle is the cornerstone of the EU environmental legislation.

The World Shipping Council (WSC) welcomed this step towards the achievement of the goals of the EU Green Deal but stresses that improvements to the ETS proposal are still needed.

Commenting on the European Parliament vote in favour of amendments to the EU ETS, Danish Shipping said that there is room for improvement before the legislation is completely in place.

ECSA welcomed the cross-party support by the European Parliament for key provisions under the revised Emission Trading System for shipping.

European Union lawmakers have reached initial agreements on reforms to the EU carbon market, as they prepare to negotiate an overhaul of the EU's core policy for reducing planet-warming emissions.

The World Shipping Council, Assarmatori and Danish Shipping sent a joint letter to the Members of the European Parliament urging them to vote for ambitious proposals that are calibrated to help shipping meet the challenges ahead. 

The upcoming entry into force of the EU ETS and CII regulations, part of the ambitious EU environmental agenda aiming to reduce emissions from shipping, is expected to redefine the current landscape of communication between shipowners and charterers, argued Mr. Panos Zachariadis, Technical Director, Atlantic Bulk Carriers Management Ltd., during the 2022 GREEN4SEA Forum that took place in late April.

The newly published Getting to Zero Coalition Insight Brief – “How EU Contracts for Difference can support zero-emission fuels” – outlines how the EU could use shipping related Emissions Trading System (ETS) revenues to fund a program of targeted Contracts for Difference (CfD) to incentivize private investment into the production and use of zero-emission shipping fuels.

A new paper published by Sotiria Lagouvardou and Prof. Harilaos N. Psaraftis, Technical University of Denmark, examines the impacts of the inclusion of the maritime sector in the EU Emissions Trading System (ETS).

In this article, Alvin Forster, Loss Prevention Executive, North P&I Club, talks about the EU's intention to include shipping in its mandatory carbon trading system in 2023.