EU lawmaker wants stricter shipping emissions measures

Market: Emissions, Natural gas, Oil products
01/09/21

The EU should quickly and comprehensively address a predicted increase in greenhouse gas (GHG) and sulphur dioxide (SO2) emissions to make maritime shipping more sustainable, German member of the European Parliament Jutta Paulus said today, following a new EU report on the sector's environmental record.

The European Environment Agency (EEA) and the European Maritime Safety Agency (EMSA) today published a 212-page report examining the EU maritime sector's impact on the environment. Shipping accounts for 13.5pc of EU transport emissions. SO2 emissions from ships calling at EU, Icelandic and Norwegian ports were 1.63mn t in 2019, some 16pc of global SO2 emissions from international shipping.

The report noted that even if CO2 emissions from international maritime transport in the EU decreased by 17pc in 2005-15, they are projected to go up by 18pc by 2030 from 2015 levels, and by 39pc by 2050. This is "not in line" with the EU's economy-wide, climate-neutral objectives.

Paulus said the report reveals the "full" scale of environmental and climate impacts from maritime transport. "We need to quickly and comprehensively address the predicted increase in GHG and SO2 emissions to make maritime shipping more sustainable," she said.

"To date, maritime shipping has not been subject to any binding emission reduction measures. It is incomprehensible why the European Commission is planning to involve maritime shipping only gradually in the reform of the EU emissions trading system [ETS]," Paulus said. "There must be an end date for open scrubbers for exhaust gas purification, whose wastewater is simply discharged into the sea," she added.

She further called for parliament to established an Ocean Fund, financed using proceeds from maritime shipping's inclusion in the EU ETS, when negotiating the revision of the ETS with EU member states.

In July, the commission presented a range of legal measures that propose phasing maritime transport emissions into the EU ETS in 2023-25 and mandate a reduction in the GHG intensity of marine fuels.

Paulus is negotiating on behalf of parliament with EU member states over the revision of the EU's regulation on monitoring, reporting and verification (MRV) of CO2 emissions from shipping.

Also commenting on the report, EU environment commissioner Virginijus Sinkevicius said the maritime sector will produce "more and more" GHG emissions, air pollutants and underwater noise. He called for a "smooth but rapid" transition towards carbon neutrality.

Using data sent under the EU's MRV regulation, the EEA/EMSA report notes that shipping emissions contributed to 13.5pc of total EU GHG emissions from transport in 2018. The report also records ships calling at EU, Iceland, Norway and Liechtenstein emitting some 140mn t of CO2 in 2018, with container ships accounting for 44.2mn t of CO2, followed by bulk carriers (17.9mn t), oil tankers (17.8mn t), ro-pax ships (13.9mn t) and chemical tankers (9.1mn t). LNG carriers accounted for 5.5mn t of CO2. The report further underlined the impact of cargo-carrying capacity on CO2 emissions and a ship's technical energy efficiency.

By Dafydd ab Iago

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22/11/24

Cop: Singapore, Peru finalise carbon credit negotiation

Baku, 22 November (Argus) — Singapore and Peru have concluded negotiations on an implementation agreement for carbon credit co-operation aligned with Article 6 of the Paris Agreement, at the UN Cop 29 climate summit in Baku, Azerbaijan. The countries "substantively concluded negotiations" on 21 November, said Singapore's ministry of trade and industry. The collaboration is aimed at unlocking additional mitigation activities and scaling solutions to advance both countries' climate ambitions. Under the implementation agreement, a framework for the generation and international transfer of Article 6-compliant carbon credits will be established. The framework will include criteria and procedures for transfer between both countries. Negotiators in Baku appear close to a final agreement on Article 6 , which aims to help set rules on global carbon trade. Article 6.2 already allows countries' governments to form bilateral agreements for carbon mitigation projects, the outcomes of which can be traded to contribute towards climate pledges. Mitigation refers to efforts to reduce greenhouse gas emissions causing global warming. "When the agreement is signed, we look forward to the private sector utilising this agreement to develop carbon credits projects to actualise concrete environmental outcomes," said Singapore's minister for sustainability and environment Grace Fu. The minister is also one of the facilitators, alongside New Zealand, for negotiations on Article 6. Singapore also signed an implementation agreement with Zambia on 19 November at the summit. It has multiple carbon credit deals with other countries, but has only signed implementation agreements with Zambia, Ghana and Papua New Guinea so far. Singapore's National Climate Change Secretariat and the world's largest independent carbon credit registries Verra and Gold Standard last week released initial recommendations outlining the development of a carbon crediting protocol to implement Article 6.2. The recommendations are aimed at helping countries to use Article 6 to achieve their UN climate pledges and sustainable development goals, and provides recommendations on how governments can facilitate an effective Article 6.2 market. If such a framework is not established, "countries could take divergent approaches, which could hinder the implementation, scaling and integrity of co-operation under Article 6.2," said Verra. The protocol will be further developed and published once Cop 29 is concluded, said Verra. It will incorporate decisions from Cop 29 and will be implemented in 2025. By Prethika Nair Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

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21/11/24

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21/11/24

Pemex's lean Zama spending undercuts goals

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21/11/24

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21/11/24

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21/11/24

Cost of government support for fossil fuels still high

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21/11/24

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21/11/24

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