Marine Regulatory

The European Commission has published a new guidance document outlining the approval process for Monitoring Plans (MPs) under the EU Emissions Trading System (EU ETS) and MRV Maritime Regulation. This ensures that shipping companies comply with emissions monitoring and reporting requirements. Key Aspects of Monitoring Plan Approval Submission and Verification […]

The European Commission has updated its guidance on the EU Emissions Trading System (EU ETS) and the Monitoring, Reporting, and Verification (MRV) Maritime Regulation. This document clarifies compliance requirements for shipping companies, ensuring alignment with evolving carbon pricing and emissions reporting frameworks. Key Updates Expanded Greenhouse Gas Coverage From 2024,

The European Commission has adopted Delegated Regulation (EU) 2023/2917, introducing updated rules for verification activities, accreditation of verifiers, and approval of monitoring plans under Regulation (EU) 2015/757. This regulation strengthens the monitoring, reporting, and verification (MRV) framework for maritime greenhouse gas (GHG) emissions as part of the EU Emissions Trading

The European Commission has introduced Delegated Regulation (EU) 2023/2849, supplementing Regulation (EU) 2015/757, to enhance the reporting and submission of aggregated greenhouse gas (GHG) emissions data at the company level in maritime transport. This regulation is a crucial step in aligning the sector with the EU Emissions Trading System (EU

The European Commission has introduced Delegated Regulation (EU) 2023/2776, which amends Regulation (EU) 2015/757 to enhance the monitoring, reporting, and verification of greenhouse gas (GHG) emissions from maritime transport. These updates support the sector’s integration into the EU Emissions Trading System (EU ETS) and improve data accuracy. Key Amendments Inclusion

The European Commission has introduced Implementing Regulation (EU) 2023/2449, refining the application of Regulation (EU) 2015/757 on greenhouse gas (GHG) emissions monitoring from maritime transport. This update aligns with the EU Emissions Trading System (EU ETS) and introduces new reporting requirements. Key Changes in Monitoring and Reporting The regulation mandates

The EU Emissions Trading System (EU ETS) has been expanded to include maritime transport under Regulation (EU) 2023/957. This amendment to Regulation (EU) 2015/757 strengthens emissions monitoring and aligns with the EU’s Fit for 55 climate targets​. Key Changes in the Regulation Implications for the Shipping Industry With stricter compliance

The EU Regulation 2015/757 establishes a Monitoring, Reporting, and Verification (MRV) system for carbon dioxide (CO₂) emissions from maritime transport. It ensures that ships operating within the EU provide accurate emissions data, contributing to the EU’s climate goals​. Scope and Compliance This regulation applies to ships above 5,000 gross tonnage

As part of the European Union’s Emissions Trading System (EU ETS) expansion to the maritime sector, each Member State has designated an administering authority responsible for overseeing compliance. The provisional list of administering authorities, last updated on March 21, 2024, provides shipping companies with essential contact points for regulatory guidance​.

The EU Emissions Trading System 2 (ETS2) extends carbon pricing to buildings, road transport, and additional sectors. The Monitoring and Reporting Regulation (MRR) Guidance Document provides crucial insights to ensure compliance and transparent emissions reporting​. Scope and Compliance Unlike ETS1, which regulates direct emissions from large industries, ETS2 applies an

The European Commission has introduced Regulation (EU) 2023/2599, which establishes rules for the administration of shipping companies under the EU Emissions Trading System (EU ETS). This regulation is a key step in integrating maritime transport emissions into the EU ETS, ensuring compliance and uniform enforcement across Member States​. Assigning Responsibility

The Commission Delegated Regulation (EU) 2025/192 establishes the procedures for accrediting verifiers under Regulation (EU) 2023/1805 for using renewable and low-carbon fuels in maritime transport. It ensures that verification bodies meet strict competence, independence, and transparency standards. Key Accreditation Procedures The regulation outlines requirements for national accreditation bodies, including: Ensuring

The Commission Delegated Regulation (EU) 2024/1773 supplements Regulation (EU) 2022/2554 by specifying regulatory standards for managing ICT third-party risks in financial institutions. It ensures robust digital operational resilience when financial entities rely on external ICT services for critical functions. Key Requirements for ICT Contracts Financial entities must develop a policy

The European Commission has adopted a Delegated Regulation (EU) 2024/6218 outlining the accreditation procedures for verifiers assessing compliance with Regulation (EU) 2023/1805 on the use of renewable and low-carbon fuels in maritime transport. This regulation ensures uniform verification standards across EU Member States. Key Accreditation Procedures The regulation mandates that

The Marine Environment Protection Committee (MEPC) adopted the 2023 IMO Strategy on Reduction of Greenhouse Gas (GHG) Emissions from Ships (MEPC.377(80)) to accelerate global maritime decarbonization. This strategy revises the 2018 Initial IMO GHG Strategy, aligning shipping emissions with the Paris Agreement and the United Nations Sustainable Development Goals (SDGs).