Tag: EU MRV Regulation

The Commission assessed the potential inclusion of small ships between 400 and 5000 gross tonnage under the scope of the EU MRV.

The maritime industry, a vital part of global trade, is currently navigating a rapidly changing regulatory environment that will influence its present and future. Looking ahead, there are several major issues shaping the regulatory landscape for the sector.

The EU MRV regulations form the foundation for the EU ETS, with emissions data serving as the  basis for the allowances shipping companies must purchase. Even though the EU ETS currently applies to ships of 5000 GT and above, it is expected that general cargo and offshore vessels between 400 and 5000 GT will be included from 2027.

In a recent article, DNV highlights that from 1 January 2025, the amended EU MRV regulations will extend to general cargo vessels with a gross tonnage (GT) of 400 to 5000 and offshore vessels of 400 GT and above.

In the midst of major regulatory changes posed by the European Union in its effort to decarbonize the maritime industry, Lloyd's Register (LR) has issued guidance for operators to navigate these changes with more ease. 

Transpost Malta has issued a Merchant Shipping Notice to remind all concerned of the important dates of EU MRV regulation following the amendments approved this May in order to comply with the requirements of Regulation (EU) 2015/757 (effective from April 2015), on the monitoring, reporting and verification (MRV) of carbon dioxide emissions from maritime transport

According to Lloyd’s Register, from 1 January 2024, maritime emissions will be included in the European Union Emissions Trading System (EU ETS). This means the acquiring and surrender of emission allowances for ships over 5,000GT that call at a port or anchorage within the European Economic Area (EEA – EU plus Norway and Iceland).

SQE MARINE consulting firm provides guidance on the new EU MRV regulation, which was amended to support EU-ETS requirements.

As Hecla Emissions Management estimates in regard to EU ETS, the shipping industry could be liable for €3.1 billion in 2024, €5.7 billion in 2025 and €8.4 billion in 2026.

According to DNV, Emissions for the EU Emission Trading System (EU ETS) will be reported and verified through the EU MRV system, which will be revised to cover GHG emissions, ship types and sizes.