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insights
The IMO 79th Marine Environment Protection Committee meeting took place this month and discussions around the reduction of GHG emissions from ships took centre stage.
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EU legislators have finally agreed on the revision on the EU ETS, meaning that shipping will be included in the EU ETS from 2024, the phase-in will be accelerated and the scope of greenhouse gases will be extended. Shipping emissions will from 2024, for the first time in history, have a cost.
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The very short COP27 shipping summary: The drive to decarbonise the shipping sector is growing, parties in the value chain are collaborating and initiatives that show most progress are linked to developing green shipping corridors, zero-emission fuels and vessels, as well as infrastructure to support the transformation of the industry.
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