Tag: EU MRV Regulation

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.

The ABS (American Bureau of Shipping) Regulatory News report provides a summary of Amendments to the EU MRV Regulation 2015/757.

ABS released six takeaways to inform operators of amendments made to Directive 2003/87/EC to include maritime transport in the European Union’s Emissions Trading System (EU ETS).

In late March, Lloyd's Register (LR) issued a report evaluating key factors for the new EU MRV and EU ETS regulations.

Lloyd's Register has issued an article to remind that shipowners and operators of ships of 5,000gt and above,  are required to submit annual fuel oil consumption data to their Flag Administration or a recognised organisation nominated by the flag.

DNV has released a technical update on the use of biofuels or biofuel blends to clarify the regulatory status and other considerations on the usage of such fuels. Seeing that biofuels are one of many ways to comply with the IMO’s strategy on the reduction of Greenhouse Gas Protocol (GHG) emissions from ships, DNV provides a summary of regulatory issues, safety and operational aspects.

Climate change is a key concern for sustainable shipping, and using that as a base during session 4 of the 2022 GREEN4SEA Forum, experts shared their opinions on air emissions, as well as relevant regulations, such as the CII and the EEXI of the IMO, and recent regulations Fit For 55 and FuelEU, that the European Union launched.

LR informs that the Bunker Delivery Note (BDN) submitted as part of the evidence pack for IMO DCS and MRV Emissions Report verification must, in all cases, indicate the fuel name and grade as specified in the ISO 8217 fuel standard to ensure the correct Emissions Factor is used.

Some important milestones for the EU MRV and IMO DCS are coming up in the first half of 2022. In that regard, DNV issued recommendations, highlighting that ship operators need to submit the reports as early as possible, at the latest by 31 March, to ensure timely verification.