Why shipping’s MRV regulation must target cargo owners
To reduce greenhouse gas emissions from international shipping, regulators should supplement the ship-based regulatory approach and direct their attention towards powerful cargo owners
In October 2019, the market capitalisation of oil major Royal Dutch Shell was 600 times higher than that of shipowner Teekay Tankers, one of the largest tanker companies. The EU’s CO2 monitoring, reporting and verification scheme’s focus on a company such as Teekay misses an important point