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Shipping and carbon: EU and IMO systems to align

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Shipping and carbon: EU and IMO systems to align

On 4 February 2019 the European Commission (EC) tabled a proposal concerning the amendment of Regulation (EU) 2015/757 on the monitoring, reporting and verification of carbon dioxide emissions from maritime transport (the “EU MRV Regulation”). The main objective of the proposal is to amend the EU MRV Regulation in order to take account of the new Global Data Collection System (“IMO DCS”) for fuel oil consumption of ships that was introduced by the International Maritime Organisation (IMO) in March 2018. The globally applicable IMO DCS system currently runs in parallel with the EU MRV, thus duplicating regulation for shipping companies whose ships sail both inside and outside the EU. In this article we provide a recap of both data monitoring and reporting systems, comparing and contrasting the two as well as highlighting the key amendments that are being proposed by the EC.

Continue reading Shipping and carbon: EU and IMO systems to align at Vanguard News Nigeria.

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