Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Europe welcomes IMO emissions cutting measure

The European Commission said the measure provides a framework to make existing ships more efficient

The European Commission welcomed the IMO approval of a new short-term greenhouse gas measure, but said the scheme falls below the European Union’s level of ambition and it still plans to include shipping in its Emissions Trading System

THE European Commission has welcomed the approval of a new global greenhouse gas emissions-cutting measure but has reiterated plans to include shipping in its carbon market regime.

The International Maritime Organization this week approved a combined short-term GHG emissions measure with technical and operational efficiency requirements for ships.

“The agreement reached in the IMO to introduce new mandatory technical and operational measures lays the foundation for a dedicated IMO legal framework to make existing ships more energy efficient,” an EC spokesperson told Lloyd’s List.

The measure was the result of heavy compromise among member states and has received criticism for not being ambitious enough and potentially not helping in meeting some of the IMO’s key emissions goals.

“However, we recognise the outcomes do not meet all the expectations and the level of ambition agreed at the EU level,” the spokesperson added.

Despite its support for the IMO and the new measure, the commission still plans to include shipping in the European Union’s Emissions Trading System, the bloc’s carbon market.

The move is opposed by both the shipping industry and the IMO, who want global uniform regulations on emissions.

The commission is expected to roll out its proposal for a revised carbon market, which will include at least intra-EU shipping, in mid-2021.

The European Parliament has already proposed that both intra-EU and international voyages be included in the ETS.

Related Content

Topics

UsernamePublicRestriction

Register

LL1132440

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel