€3 Billion-plus 2024 EU ETS Shipping Bill

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Shipping set for €3 billion-plus 2024 EU ETS bill, states a Global Maritime Hub news source.

The European Union’s Monitoring, Reporting and Verification

The European Union’s Monitoring, Reporting and Verification (EU MRV) dataset for shipping’s European CO2 emissions (ETS) for the year 2022 has just been published, with the data highlighting some significant year-on-year changes from 2021 despite the shipping industry as a whole showing a modest reduction in emissions.

T...

https://mfame.guru/e3-billion-plus-2024-eu-ets-shipping-bill/

Preliminary Agreement To Include Shipping in The EU’s Emission Trading System

Credits: Alonso Reyes/ Unsplash

The EU’s legislative bodies have reached an agreement on including shipping in its Emission Trading System (EU ETS). Subject to final adoption, ships above 5000 GT transporting cargo or passengers for commercial purposes in the EU will be required to acquire and surrender emission allowances for their CO2 emissions from 2024. Offshore ships will be included from 2027. This statutory news summarizes the current information on EU ETS, reports an article published on...

https://mfame.guru/preliminary-agreement-to-include-shipping-in-the-eus-emission-trading-system/

MSC Rebuts T&E’s Interpretation of Its Carbon Emissions

  • MSC is highly concerned by the misleading interpretation of data presented by Transport & Environment in relation to MSC carbon emissions reported under the EU MRV scheme.
  • The ratio of carbon emissions per ton of cargo MSC moves is among the lowest in the industry.
  • A complete analysis of the raw data recorded in the EU MRV shows that only 40-45% of the emissions reported by MSC apply to the geographical area of the EU.

MSC, in a press release, responds to recent EU shipping carbon emissions...

https://mfame.guru/msc-rebuts-tes-interpretation-of-its-carbon-emissions/

Be Prepared To Document Carbon Emissions!

By 30 June 2020, ships that used EU ports in 2019 must carry onboard a document certifying that they follow EU regulation for monitoring and verification of CO2 emissions, reports Gard.

Vessel lacking EU MRV compliance 

In February 2020, a Member’s vessel was detained in a European port due to a breach of Regulation (EU) 2015/757 on the monitoring, reporting and verification of carbon dioxide (CO2) emissions from maritime transport (EU MRV).

According to the attending port state control officer, “t...

https://mfame.guru/be-prepared-to-document-carbon-emissions/