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.
Photo credit: kobu-agency
Published: 30 November, 2020
Significant uptick in the number of quality claims being alleged by ship owners has also been seen since the implementation of contactless bunkering operations, notes Partner at Rajah & Tann.
‘The launch of our company website signifies the readiness of Singfar to engage with relevant stakeholders to achieve our mission of enabling sustainable trade,’ Managing Director tells Manifold Times.
Associate Director at Helmsman highlights the need to stay up-to-date with latest protocols / measures introduced by MPA, with continuous education of Master and crew of the visiting vessel.
BunkerPlanner Lite is an attempt to educate professionals engaged in bunker decisions about the use of advanced technology in the decision process, explains BunkerMetric CEO Christian Plum.
Senior Associate at Clyde & Co offers guidance to protect shipowners and bunker tanker operators in the event opposing counterparty breaches Covid-19 protocols, resulting in Covid-19 transmission.
Having a surveyor’s watchful eye to detect illegal activities also sends a strong signal to barge and vessel crew not to undertake any intended non-compliance, states VPS Senior Sales Manager.