Shipping emissions in EU ETS one step closer to reality
European Parliament member Peter Liese has confirmed that a "preliminary" tripartite agreement has been reached between European institutions to include shipping in the EU emissions trading scheme (ETS).
PHOTO: Entrance of the Louise Weiss building, seat of the European Parliament in Strasbourg, France. Getty Images
"As proposed by the Commission, trips inside the EU, as well as trips originating from EU ports to third countries, will be included (50%) in the proposed scheme," said Liese.
The European Parliament, European Commission and the Council of the European Union have also agreed to include non-carbon emissions like methane and nitrous oxide in the ETS from 2026. Especially the methane emissions inclusion will impact vessels running on liquified natural gas (LNG).
According to Liese, “this is very important because some alternatives to bunker fuels also create problems for the climate if not managed properly."
In the preliminary agreement, shipping companies will be liable and required to "surrender allowances" for 40% of emissions registered in 2024, 70% in 2025 and 100% from 2026.
Liese explains that offshore vessels with a gross tonnage greater than 5,000 will be included in the ETS. “These improvements alongside others bring a net benefit for the climate of 20 million tonnes of CO2.”
Final trilogue talks between the EU Parliament, Commission, Council will take place between 16-18 December. If all parties agree to the preliminary agreement that is on the table now, it will become a regulation under European law.
By Konica Bhatt
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