Shipping companies have Monitoring, Reporting and Verification (MRV), Emission Trading System (ETS), and FuelEU Maritime obligations.
- The MRV obligations mean that they have to monitor and report their emissions and energy use, and have them verified by an independent body
- The ETS obligations imply that shipping companies have to obtain and surrender emission allowances to cover their total reported emissions
- The FuelEU obligations require companies to ensure that the greenhouse gas intensity of the energy used on board stays below set limits and that certain ship types use onshore power supply (OPS) while at berth
Expansion of the ETS, FuelEU, and MRV obligations in the future
The scope and requirements of these regulations will expand over the coming years:
- Greenhouse Gases: Under FuelEU, Methane (CH4) and Nitrous Oxide (N2O) are included in the monitoring and intensity calculations from 2025. Under the EU ETS, companies must surrender allowances for these gases starting from 2026
- Offshore Vessels: Offshore vessels of 5,000 GT or above have MRV obligations starting in 2025. From 2027, they will be obliged to both surrender ETS allowances
- Smaller Vessels: General cargo and offshore vessels between 400 and 5,000 GT will also have MRV obligations from 2025. A decision on whether this category will need to surrender ETS allowances or meet FuelEU intensity targets will be made at a later time
More detailed information
More information and frequently asked questions on EU ETS Maritime and FuelEU Maritime can be found on the website of the European Commission. The European Maritime Safety Agency (EMSA) has published the recordings and presentations of a webinar on the topic of shipping companies and their responsibilities.