(www.MaritimeCyprus.com) EU has issued their 2019 report on MRV data for CO2 emissions from Maritime transport. By targeting ships above 5,000 gross tonnage, the EU MRV shipping Regulation covers around 90% of all CO2 emissions, whilst only including around 55% of all ships calling into EEA ports.
EU MRV Regulation objectives
In 2015, the EU adopted new legislation to monitor, verify and report CO2 emissions from maritime transport (Regulation (EU) 2015/757). This legislation is the first step of a staged approach for the inclusion of maritime transport CO2 emissions in EU Climate Policy. It has three key objectives:
- to collect robust and verified CO2 emission data;
- to bring transparency and stimulate the uptake of energy efficiency investments and behaviours;
- to support future policy discussions and implementation of policy tools.
The legislation requires shipping companies to track and report key information about CO2 emissions, fuel consumption and other relevant information. This data is then checked by independent verifiers accredited by national accreditation bodies. The Commission subsequently publishes the verified data and an annual report.
EU companies still own the largest single share of the world fleet and more than 50% of the monitored fleet (in terms of gross tonnage). However, more than two-thirds of the monitored fleet is non EU-flagged.
CO2 emissions reported in the EU MRV system represent 15% of the total CO2 emissions from international and domestic shipping. At the same time, 17% of the world seaborne exports and 20% of the world seaborne imports took place in the EU.
Tracking EU maritime CO2 emissions
During the first reporting year, the system involved:
- Around two-thirds are non-EU flagged
- More than half are owned by entities based in the EU.
- Around half of these are European companies.
- Four verification companies have issued 62% of all documents of compliance. Three out of these originate from the EEA.
The EUROPEAN COMMISSION and the EUROPEAN MARITIME SAFETY AGENCY (EMSA) established an IT tool called THETIS-MRV in order to facilitate the MRV process. This tool is the backbone of the EU MRV system. The tool provides a single portal for market actors where they can report CO2 emissions and other relevant information. It also gives access to all publicly available information. THETIS-MRV lessens the administrative burden by facilitating the exchange of information between companies, verifiers, the European Commission, flag States and the public.
The THETIS-MRV portal is hosted by EMSA: https://mrv.emsa.europa.eu/#public/emission-report
To download full report, please click below image: