, said: “The EU’s deal marks a watershed moment for shipping decarbonization. No longer will shipping be let off the hook for its massive climate impact. No longer will international emissions be ignored by national policymakers.
“European shipowners welcome the increased climate ambition of the ‘Fit for 55’ package, recognising that the climate crisis is one of the greatest economic and environmental challenges faced by our society. Decarbonising shipping is not a question of ‘if’ but a question of ‘how’,” said Sotiris Raptis, ECSA’s Secretary General. Fit for 55 refers to the EU’s target of reducing net greenhouse gas emissions by at least 55% by 2030.
“Setting aside part of the ETS revenues for maritime is a victory for the decarbonisation of the sector. Dedicated support through the Innovation Fund is key to bridging the price gap with clean fuels, improving the energy efficiency of ships, fostering innovation and building the infrastructure in ports. We look forward to working with the Commission and the stakeholders to develop effective tools for the industry’s transition,” Raptis added.
ECSA also welcomed the upholding of the “polluter-pays principle” through mandatory requirements for the pass-through of the Emissions Trading System costs to the commercial operators of the vessels. It said the phase-in period and gradual inclusion of emissions from shipping over a three-year period is also “crucial” to ensure a smooth transition for the sector., says T&E, which has set its sights on the aviation sector.
While the new rules are good for the EU, they are perhaps even more important for showing other nations what is possible. It will be difficult going forward to say nations like the US and China can’t afford to put a price on emissions from shipping if the EU can do it. This will force those other nations to step up their game if they want to be taken seriously when they boast about their own emissions reduction achievements.
C02 import duties , indistinguishable from protectionism.
This is the beginning of the end for traditional shipping.
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