Summary of developments in EU and the EU Fit for 55 policy package- Q3 2024
ATTN: ALL FULL MEMBERS
ALL TECHNICAL COMMITTEE MEMBERS
Dear Members,
You may find here below a summary of the latest EU developments (from April until June 2024) and the EU Fit 55 Policy Package.
A brief containing more details is also enclosed.
EU COMMISSION ELECTIONS
Ursula von der Leyen has been re-elected as President of the European Commission
- Priorities include A target of 90% emission reduction by 2040 will be incorporated into the European Climate Law.
DRAGHI REPORT
Published on September 9, the Draghi report emphasizes:
- for a supportive regulatory framework for European shipping.
- Prioritizes the scaling of clean fuel production and innovative technologies.
- Projects significant upskilling and reskilling requirements for seafarers over the next decade.
- An annual EUR 39 billion is needed for maritime decarbonization.
- The EU ETS will allocate 20 million allowances for the sector until 2030.
- Proposals include de-risking investments and expanding funding mechanisms.
EU ETS
- DG CLIMA published guidance for shipping companies and monitoring plan approvals.
INNOVATION FUND
- The second Innovation Fund Auction for renewable hydrogen production will launch in December, featuring a €200 million dedicated budget for maritime projects.
FUEL EU MARITIME
The FuelEU Maritime Regulation will take effect on January 1, 2025, promoting renewable and low-carbon fuels in maritime transport.
- A common reporting system for EU ETS and FuelEU that will reduce administrative burdens.
- The deadline for submitting FuelEU Maritime Monitoring Plans was set for August 31, with the Commission offering flexibility for late submissions.
- The Implementing Acts on the FuelEU Maritime Monitoring Plan and Verification Activities have been published in the Official Journal of the European Union
- The Q&As on the FuelEU Maritime Regulation has been published by the Commission
SUBSTITUTION OF CHEMICAL SUBSTANCE USED IN ANTI-FOULING PAINTS
The European Chemicals Agency (ECHA) wants to ban the use of ZnPT (Zinc Pyrithione). This substance is found in the colours used, amongst others, for anti-fouling paints on ships
- Essential Role of ZnPT: Crucial for applications like antifouling coatings, offering unmatched biofouling prevention and long-lasting protection
- The European Platform for Plastic Additives (EPPA) has collectively engaged with the industry to emphasize the critical role of Zinc Pyrithione (ZnPT) for specific applications, particularly in antifouling coatings for marine vessels
SUSTAINABILITY CERTIFICATION FOR MARINE BUNKER FUELS (ETS & FUEL EU)
Sustainability certification will be crucial for compliance with the EU ETS and FuelEU regulations. Workshops are being organized to establish guidelines for demonstrating sustainability in marine bunker fuels.
- Guidelines for demonstration of sustainability certification of marine bunker fuels in order that all International Certification companies will be able to follow them
- ETS General Guidance is under development
EU SHIP RECYCLING REGULATION
The European Commission, is progressing with the ongoing study on the EU Ship Recycling Regulation
TURKEY PLANS TO IMPLEMENT ITS OWN EMISSIONS TRADING SCHEME FOR SHIPPING
Turkey’s parliament has approved a carbon pricing mechanism for its shipping sector, marking a significant step toward taxing emissions from commercial ships entering and leaving Turkish ports. This law, published on July 9, will regulate over 10 million tons of CO2 emissions annually
Kind regards
Emmanuel Vergetis
