Economic Impacts of MRV of Fuel and Emissions in Maritime Transport

In June 2013, the European Commission issued a strategy to address GHG emissions from maritime transport. The strategy consists of three consecutive steps:

  1. Monitoring, reporting and verification of CO2 emissions from large ships

    using EU ports.

  2. Greenhouse gas reduction targets for the maritime transport sector.

  3. Further measures, including MBMs.

For the first step, the Commission issued a legislative proposal to establish an EU system for monitoring, reporting and verifying (MRV) of CO2 emissions from large ships using EU ports. Ships would thereby be obliged to monitor four parameters on a voyage basis, namely fuel consumption, distance travelled, time spent at sea, and cargo carried. The monitored parameters would need to be verified and different indicators based on these parameters would have to be reported on an annual basis. 

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