Tag: EU ETS

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. 

The World Shipping Council (WSC) welcomed the vote by the European Parliament Transport Committee to adopt their opinion and proposed amendments as input to the Parliament’s ongoing consideration of the European Union Emissions Trading System (EU ETS).

The European Sea Ports Organisation (ESPO) welcomes the European Parliament Committee for Transport and Tourism (TRAN) recognition of the risks of carbon and business leakage that will occur if ships are able to avoid the regional EU ETS in different ways. 

Shipowners must shape their business strategies to reflect tightening environmental controls, writes Stamatis Fradelos, Vice President, Regulatory Affairs, ABS

The NGO Transport & Environment (T&E) along with the Royal Association of Netherlands’ Shipowners (KVNR) and the Swedish Shipowners’ Association expressed their support for the EU shipping legislative package to decarbonize the shipping sector and to include shipping in the European Union Emissions Trading System (EU ETS), but they also suggested some enhancements. 

United European Car Carriers’ (UECC) Energy & Sustainability Manager, Daniel Gent, told that shipowners and operators looking to comply with the European Union Emissions Trading System (EU ETS) are likely to turn to biofuels.

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.

The EU's good intentions of reducing greenhouse gas emissions from shipping could be hampered by two measures that interact poorly with each other, says Danish Shipping.