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Parliament says shipping industry must contribute to climate neutrality

To decarbonise maritime transport, Parliament voted to include CO2 emissions from the sector in the EU Emissions Trading System.

  • Parliament in favour of 40% reduction in CO2 by 2030
  • Maritime transport to be included in EU Emissions Trading System (ETS)
  • An “Ocean Fund” to contribute to protecting marine ecosystems

Parliament wants a 40% reduction in CO2 emissions from the shipping industry by 2030 ©Kara/Adobe Stock

Parliament wants a 40% reduction in CO2 emissions from the shipping industry by 2030© Kara/Adobe Stock 

On Wednesday, Parliament adopted its position on the Commission’s proposal to revise the EU system for monitoring, reporting and verifying CO2 emissions from maritime transport (the “EU MRV Regulation”) with 520 votes to 94 and 77 abstentions.

MEPs largely agree that reporting obligations by the EU and the International Maritime Organisation (IMO) should be aligned, as proposed by the Commission. They note, however, that the IMO has made insufficient progress in reaching an ambitious global agreement on greenhouse gas (GHG) emissions. They ask the Commission to examine the overall environmental integrity of the measures decided by the IMO, including the targets under the Paris Agreement. A global ambitious agreement on GHG emissions from shipping is urgently needed, they add.

Maritime transport must be included in the EU Emissions Trading System

Parliament wants maritime transport to be more ambitious and believes ships of 5000 gross tonnage and above should be included in the EU Emissions Trading System (ETS).

However, MEPs say that market-based emissions reduction policies are not enough and request that shipping companies reduce their annual average CO2 emissions per transport unit for all their ships by at least 40% by 2030.

Establish an Ocean Fund

MEPs call for an “Ocean Fund” for the period from 2022 to 2030, financed by revenues from auctioning allowances under the ETS, to make ships more energy-efficient and to support investment in innovative technologies and infrastructure, such as alternative fuel and green ports. 20 % of the revenues under the Fund should be used to contribute to protecting, restoring and efficiently managing marine ecosystems impacted by global warming.

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Original article link: https://www.europarl.europa.eu/news/en/press-room/20200910IPR86825/parliament-says-shipping-industry-must-contribute-to-climate-neutrality

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