After two years of intense negotiations, today the EU has agreed on the final rules for climate-neutral shipping, with the adoption of the so-called FuelEU Maritime initiative.<\/p>\n
The political agreement means that shipping will be covered by the EU\u2019s emissions trading system (ETS) from 2024 and FuelEU Maritime from 2025, with shipping companies gradually reducing the climate impact of fuels. Additionally, there will be rules for the infrastructure of alternative fuels, including requirements for using shore power in selected larger ports.<\/p>\n
\u201cThe new law will provide legal certainty for ship operators and fuel producers and help kick-start the large-scale production of sustainable maritime fuels, thus substantially delivering on our climate targets at European and global level,\u201d said Raquel S\u00e1nchez Jim\u00e9nez, Spanish Minister of Transport, Mobility and Urban Agenda.<\/p>\n
The main objective of the initiative, as part of the EU\u2019s Fit for 55 package, is to increase the demand for and consistent use of renewable and low-carbon fuels and reduce the greenhouse gas emissions from the shipping sector.<\/p>\n
The new legislation aims to put maritime transport on the trajectory of the EU\u2019s climate targets for 2030 and 2050 and should play a fundamental role in delivering on the European climate law.<\/p>\n
The new regulation includes measures to ensure that the greenhouse gas intensity of fuels used by the shipping sector will gradually decrease over time, by 2% in 2025 to as much as 80% by 2050.<\/p>\n
A special incentive regime will provide support for the uptake of renewable fuels of non-biological origin with a high decarbonisation potential and fossil fuels will be excluded from the regulation\u2019s certification process.<\/p>\n
Passenger ships and containers will have to use an onshore power supply for all electricity needs while moored in major EU ports as of 2030.<\/p>\n
The regulation will also provide a voluntary pooling mechanism, under which ships will be allowed to pool their compliance balance with one or more other ships, with the pool \u2013 as a whole \u2013 having to meet the greenhouse gas intensity limits on average<\/p>\n
Also, revenues generated from the regulation\u2019s implementation, or the so-called \u201cFuelEU penalties\u201d will be used for projects supporting shipping\u2019s decarbonisation with an enhanced transparency mechanism.<\/p>\n
The new regulation will be published in the EU\u2019s official journal after the summer and will enter into force the twentieth day after this publication.<\/p>\n
Commenting on the ambitious climate regulations, Jacob K. Clasen, deputy director general and deputy CEO of Danish Shipping, said: \u201cThis provides shipping companies, investors, and fuel producers with something to navigate by so that we can accelerate the green transition.<\/p>\n
\u201cThere is political momentum in green shipping at the moment. We have just witnessed member states of the United Nations\u2019 International Maritime Organization (IMO) reach a global climate agreement for shipping. This would not have happened without the efforts and ambitious climate package of the EU, which is now finalised. It will drive investments in green ships and motivate the accelerated production of green fuels for vessels,\u201d added Clasen.<\/p>\n