South Korea, Japan and a fleet of international shipping groups have disputed the inclusion of shipping in the EU Emissions Trading System (ETS), which European lawmakers have recently supported, reports Reuters.
At present, the ETS requires aviation companies running European flights to buy pollution permits to offset their emissions.
As the EU seeks to achieve “net zero” emissions by 2050, the executive European Commission proposes to expand its carbon trading system to include shipping.
“The application of EU-ETS to international shipping will have adverse repercussion on both environmental integrity and sustainability of global maritime transport and trade,” the South Korean government reportedly said in its response to an EU consultation on the policy, which closed on Thursday.
“Extension of the EU ETS to international shipping is not the suggested way forward, whether the scope is limited to intra-EU shipping only or not,” Japan’s government reportedly stated in public documents submitted to the European Commission.
The International Maritime Organisation is developing global measures to achieve its goal of halving shipping greenhouse gas emissions by 2050.
“I do not see binding measures to reduce greenhouse gas emissions at IMO level any time soon,” said Jutta Paulus, a Green lawmaker in the European Parliament.
The European Parliament approved a proposal submitted by Paulus in September to include shipping to the EU carbon market by 2022.
Industry associations INTERCARGO and BIMCO urge the EU to work with the international community at the IMO to get a global market-based measure established to ensure the industry operates on a level playing field.
Related: BIMCO: EU emission trading scheme will inhibit global CO2 reductions
Related: INTERCARGO calls out EU decision to impose ETS on shipping to be detrimental
Photo credit: kobu-agency
Published: 30 November, 2020
PetroChina takes up 100% of Phase 1 252,000 m3 tank capacity; Phase 2 adds 310,000 m3 of storage.
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Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
3,490 mt of LSFO from Itochu Enex was lifted at Universal Terminal; the same bunker stem was bought by Global Marine Logistics and delivered by bunker tanker Juma to receiving vessel Kirana Nawa.
Representatives of Veritas Petroleum Services, Maersk, INTERTANKO, ElbOil Singapore, and SDE International provide insight from their respective fields of expertise on what lies ahead.
