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Tag: ETS | Ferry Shipping News

Dec 02
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EU agrees preliminary ETS deal for shipping

By | 2022 Newsletter week 48 | No Comments

The European Parliament, the Council of Ministers represented by the Czech Presidency and the European Commission agreed preliminarily on the conditions on how to include maritime emissions in the EU ETS during the so-called trilogue on Tuesday 29 November.

As proposed by the Commission, not only trips inside the EU but also trips from EU ports to third countries and for third countries to EU ports (50%) will be included.

European shipowners welcome the outcome of yesterday’s trilogue negotiation and the provisional agreement on the EU ETS maritime. The Parliament and the Council have embraced the calls of the industry stakeholders to earmark  EU ETS revenues back to the maritime sector to support its energy transition.

At least 20 million ETS allowances, which correspond to 1.5 billion EUR under the current ETS carbon price, will be allocated to maritime projects under the Innovation Fund.

The provisional agreement on shipping is subject to an overall agreement on the ETS revision in late December.

Jun 30
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Europe’s ports welcome the EP adoption of a maritime ETS that addresses the issue of carbon and business leakage

By | 2022 Newsletter week 26 | No Comments

On 22 June the European Parliament adopted its position on the EU Emission Trading System (EU ETS), which includes an expansion of the ETS to include shipping emissions. ESPO welcomes the EP position that outlines an ambitious and robust ETS that includes measures to address, and if possible, avoid carbon and business leakage. ESPO also welcomes that the EP position includes earmarking of revenues for investments in ports and maritime.

In order for a regional ETS in the EU to be effective and aligned with the polluter pays principle, carbon leakage through rerouting of ships outside of the ETS scope must be avoided at all costs. If this is not addressed in the final legislation, the ETS would fail to effectively reduce emissions from ships whilst also producing a negative impact on the European port business.

European ports therefore strongly support the measures adopted by European Parliament making it less attractive for ships to change their routes, divert calls, or engage in other evasive behaviours in order to avoid paying into the EU ETS.

ESPO believes that the EP position provides a good basis to address carbon and business leakage in the ETS. The preventative measures included in the EP position should be included in the final ETS to be agreed between European Parliament and EU Member States.

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