After the European Parliament, Council and Commission reached a preliminary agreement on maritime elements of the EU ETS, the World Shipping Council (WSC) stated that “liner shipping is ready for the EU ETS Maritime”.
According to the WSC, including the maritime sector in the EU ETS will encourage shipping’s journey towards decarbonisation as well as accelerate emission reductions among non-maritime sectors.
We are ready, and we hope that the EU ETS for maritime will help drive investment in renewable energy as well as in the supply networks needed for the alternative maritime fuels necessary to make the transition
said Jim Corbett, the World Shipping Council’s (WSC) Environmental Director for Europe.
The agreement also sets in motion the next steps for the EU to make the ETS maritime truly green by including all GHG’s as well as outlining steps towards a life cycle perspective. “Developing a life cycle perspective on the pricing of ETS allowances will reflect not only fuel emissions when consumed but also GHG emissions from marine fuel production”, WSC believes.
Including all GHGs – CO2, methane and nitrous oxide – in the EU ETS is an important step. But only when the EU ETS takes a full life cycle perspective will it reach its real potential, increasing the competitiveness of truly renewable fuels
Mr. Corbett noted, adding that a correct price signal is the key to driving investment in the green energy necessary to produce sustainable fuels. “With the agreed phase-in, there is a window of opportunity to move forward with a rapid adoption of life-cycle perspectives. This will also align the EU ETS with FuelEU requirements, promoting the uptake of new fuels.”
We urge the EU to ensure that the EU ETS is a green pathway towards global decarbonisation, and to work for effective global regulations at the IMO in December
Mr. Corbett concluded.
