• Follow Us On Our Preferred Social Media Platform:

BIMCO ‘concerned’ by EC intent to include international shipping in ETS

16 Dec 2019

BIMCO, the world's largest international shipping association, on Friday (13 December) said it is “concerned” by the European Commission (EC)’s intent to include international shipping in the European Emissions Trading Scheme (ETS).

It was responding to the European Green Deal, published on 11 December 2019 by the European Commission.

If a market-based measure were to be considered for international shipping, it should be at the global level at the International Maritime Organization (IMO), and other more appropriate options than ETS should be considered, such as a levy on carbon emissions, it says.

“Shipping’s decarbonisation will require new low- and zero-carbon fuels. BIMCO applauds the ambition of Europe to ramp up production of sustainable alternative transport fuel and accelerate the deployment of zero- and low-emission ships,” it stated.

“Taxation of fossil based marine fuels is listed in the document as an area which needs to be looked at. BIMCO notes that there are very practical reasons for not taxing such fuels, as ships would simply bunker outside the EU.

“We also note that taxation of shipping and its services is a delicate matter which has been dealt with for decades by states all over the world bilaterally, including the EU member states, using the OECD model convention.”

Photo credit: © European Union, 2019
Photo source: EC – Audiovisual Service
Photographer: Etienne Ansotte
Published: 16 December, 2019


Related News

Featured News

Our Industry Partners

  • argus

PR Newswire