Media Release – 21 September 2020
“Shipping’s inclusion in EU ETS ignores industry’s calls for collaboration”
The inclusion of shipping in the EU Emissions Trading System (ETS), which European lawmakers have recently supported, has ignored calls from INTERCARGO and the industry as a whole, for collaboration and adapted solutions to achieve the much needed reduction in Greenhouse Gas (GHG) emissions for greener shipping. Far from being a meaningful contribution towards meeting those objectives, this move is, instead, a confirmation of how distanced the thinking of European decision-makers is from the global dimensions of the shipping sector.
Global challenges and problems require global handling and solutions: The International Maritime Organization (IMO) works to ensure a level playing field globally unlike European or other regional regulations. The latter have proven ineffective, as they create distortions and multi-tier markets, or even trade tensions. A thorough impact assessment on the inclusion of shipping in EU ETS is imperative.
Please refer to the attached file for the full Media Release