LR opposes to GMF comments for regional shipping emissions scheme

Despite being a strategic partner of the Global Maritime Forum, LR issued a statement differentiating its position from the key takeaway of GMF’s Virtual-High Level Meeting last week, which supported a regional regulation on shipping emissions.

The Global Maritime Forum’s weeklong Virtual-High Level Meeting gathered around 240 global leaders from across the entire maritime spectrum, who supported that, while a carbon levy should apply globally for shipping decarbonization, there are also opportunities on national and regional schemes.

Shortly after, some media reported that greater support for regional regulations may be among the recommendations coming out of this year’s Global Maritime Forum.

Lloyd’s Register is a Strategic Partner of the Global Maritime Forum, but does not support these or any calls for greater regional regulation in support of decarbonisation,

…LR said.

We believe that global regulation to reduce the maritime industry’s greenhouse gas (GHG) emissions, set by the International Maritime Organization (IMO) as the shipping regulator, is in the best interests of all shipping stakeholders. Lloyd’s Register is committed to working with all industry players to halve GHG emissions from 2008 levels by 2050. To do this, zero-carbon vessels must enter to world fleet by 2030, along with the necessary fuels and land-side infrastructure, and we are actively supporting our clients to achieve these ambitions,

…said Lloyd’s Register Group CEO Alastair Marsh.

This comes in a time of a great debate across the industry concerning the expected implementation of EU ETS scheme in shipping, which will enforce different, only EU-wide legislation on emissions, aside from global regulations.

Last month, the EU Parliament greenlighted the inclusion of maritime transport in EU Emissions Trading System, eyeing a 40% reduction in CO2 by 2030.

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