Maritime carbon compliance - Are you ready for mandatory CO2 emissions reporting?

2015

Following the largest emitters in stationary installations and aviation, maritime is the next sector in line to be affected by the EU regulations on greenhouse gas (GHG) emissions. With its flagship EU Emissions Trading System (EU ETS), the EU has been regulating emissions and successfully enforcing emissions reduction through a cap and trade system since 2005.

Just like aviation, maritime is a global sector and therefore a global system to regulate emissions is the preferred solution. While the international discussions for a global system continue - for example with the International Maritime Organization (IMO) - the EU has taken a proactive approach and decided to implement a mandatory Monitoring, Reporting and Verification (MRV) system for the maritime sector as of 2018, although initial requirements will take effect as early as 2017.