Search Results for: Emissions Trading

International Shipping and the EU Emissions Trading Scheme. Evasion and ‘pass-through’.

On 30 December 2022 we recorded the provisional agreement reached by the Council and the Parliament on 18 December 2022 regarding amendments to the Commission’s proposed Directive amending the  2003 ETS Directive. The full text of the agreement was released on 8 February 2023. Two additional amendments are notable. First, as regards possible evasion of … Continue reading International Shipping and the EU Emissions Trading Scheme. Evasion and ‘pass-through’.

Shipping and the EU Emissions Trading Scheme. It’s going to cost you from 2024 onwards.

The Council and EU Parliament have provisionally agreed to include maritime shipping emissions with a phased introduction on shipping companies to surrender allowances: : 0% for verified emissions from 2024, 70% for 2025 and 100% for 2026.
The post also outlines BIMCO’s ETS Agreement for Time Charterparties 2022.

International Shipping gets closer to the rocks of the EU Emissions Trading System

Earlier this year this blog reported on the implications for international shipping of the EU ‘Green Deal’, the topic of two papers at the IISTL’s recent Colloquium. Things are now moving on apace. On 16 September the European Parliament voted in favour of a 40% reduction in CO2 by 2030 for all maritime transport and … Continue reading International Shipping gets closer to the rocks of the EU Emissions Trading System

EU The ‘Fit for 55” package and shipping. It’s getting closer.

The EU’s ‘Fit for 55’ package, aimed at achieving a 55% reduction of greenhouse gases within the Union by 2030 over a 1990 baseline, was first published on 14 July 2021. Three proposed pieces of legislation will have an impact of shipping trading into and out of ports in an EU Member State and are … Continue reading EU The ‘Fit for 55” package and shipping. It’s getting closer.

EU inclusion of shipping in the ETS. Latest developments.

Almost a year ago the EU Commission proposed inclusion of shipping in the Emissions Trading Scheme https://iistl.blog/2021/07/14/bastille-day-eu-commissions-present-to-the-shipping-industry/  with a proposed directive amending the 2003 ETS Directive. This was considerably less extensive that the proposed amendment to the 2015 MRV Regulation which is what the EU Parliament voted for in October 2020. The matter has recently … Continue reading EU inclusion of shipping in the ETS. Latest developments.

Climate Change and International Shipping. Life in the slow lane, and life in the fast(er) lane.

The IMO’s Marine Environment Protection Committee (MEPC 76), meeting from 10 to 17 June 2021, adopted amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI that will require ships to reduce their greenhouse gas emissions. All ships will be required to calculate their Energy Efficiency Existing Ship Index (EEXI) … Continue reading Climate Change and International Shipping. Life in the slow lane, and life in the fast(er) lane.

EU to get tough on GHG emissions from shipping?

  In October 2014, the EU set domestic GHGs reduction target of at least 40% below 1990 levels by 2030. Shipping is currently outside those targets with climate change regulation for international shipping being parked in the slow lane in the International Maritime Organization. That may be about to change over the next two years.   COMMUNICATION FROM THE COMMISSION … Continue reading EU to get tough on GHG emissions from shipping?

Must do better. Dutch Court of Appeal’s verdict on the Netherlands State’s efforts on climate change.

    An interesting contrast to the UK climate change case in Plan B recently noted in this blog. On 9 Oct, the day after the IPCC released its report setting out why global warming must not exceed 1.5 C over pre industrial levels, and how challenging achieving that is going to be, the Amsterdam … Continue reading Must do better. Dutch Court of Appeal’s verdict on the Netherlands State’s efforts on climate change.