ATTN: ALL FULL MEMBERS
Dear Full Members of INTERCARGO,
You may find here below a summary of latest EU developments and the EU Fit 55 Policy Package.
A brief containing more details is also enclosed.
EU ETS
The revised EU ETS and EU MRV legislation will apply from 1st January 2024.
- The Commission has decided to allow the parties to agree contractually among them on the identity of the entity that is entrusted with the obligations following from the EU ETS.
- The shipowner can contractually mandate the ISM company to assume responsibility for the EU ETS obligations and to surrender the EU ETS allowances. In this case, the ISM company should provide its administering authority with information on ships under its responsibility.
- The organisation or person shall provide its administering authority in respect of a shipping company with a document signed by both the shipowner and that organisation or person clearly indicating that it has been duly mandated by the shipowner to comply with the ETS obligations
- The Commission has adopted several delegated acts including the delegated act on the functioning of the Union Registry on 25 October.
- The Commission is currently finalising implementing acts including the rules for the administration of shipping companies by administering authorities and templates for monitoring plans, reports & other documents for shipping emissions.
- An updated FAQ is expected.
FUEL EU MARITIME
The new rules will apply from 1 January 2025
- The Commission is preparing the related implementing and delegated acts.
- Commission intention is to align FUEL EU monitoring and reporting with EU ETS and MRV avoiding any duplication.
ALTERNATIVE FUELS INFRASTRUCTURE REGULATION (AFIR)
The Alternative Fuels Infrastructure Regulation (AFIR)has been formally adopted and published 22 September 2023, in the official journal of the European Union.
The text can be found here
RENEWABLE ENERGY DIRECTIVE (RED III)
The Renewable Energy Directive (RED III) was adopted by the EU Council on October 9, 2023, and raised the share of renewable energy in the EU’s overall energy consumption at least 42.5% by 2030.
The text is available here
- The directive is introducing a combined energy-based target for advanced biofuels and biogas and renewable fuels of non-biological origin, including a minimum share for renewable fuels of non-biological origin.
NET-ZERO INDUSTRY ACT
The Net Zero Industry Act is currently progressing through the legislative process.
EU TAXONOMY
It is expected that the delegated acts will be published in the Official Journal and enter into force by the end of 2023.
CORPORATE SUSTAINABILITY DUE DILIGENCE DIRECTIVE
The European Commission, the Parliament and the Council have started the final talks to turn the proposal into law.
MARITIME SAFETY PACKAGE
The Commission has proposed to add environmental parameters which will be taken into account to establish the ship risk profile used to target ships for inspection.
- More particularly the proposed environmental parameters also include the Carbon Intensity Indicator (CII): ships which are category D-E shall be considered as posing a higher risk.
- Despite that Member states do not support the inclusion of the CII in the environmental parameters to be considered negotiations with the Parliament will follow.
BASEL III RULES
The new law will have to be formally approved by the Plenary of the European Parliament and the Council.
EU AGREEMENT ON BANNING GREENWASHING CLAIMS AND BASED ON OFFSETTING SCHEMES
The European Parliament and the Council reached a provisional agreement on the Commission’s proposal providing protection against unfair practices and aims to ban, among others, Generic environmental claims without proof of recognised environmental performances related to the claims.
Kind regards
Emmanuel Vergetis
Regional Representative
Athens- Greece
