Offshore Industry Sends Urgent Call To EU Policymakers For Fit-For-Purpose EU ETS And MRV Framework

Eight maritime associations including the Royal Belgian Shipowners’ Association (KBRV) send an open letter to EU policymakers urging them to ensure a fit-for-purpose framework for the European offshore sector under the current EU ETS review.

The offshore shipping sector is a strategic asset to the European economy, playing a leading role in the continent’s energy transition, energy security and industrial competitiveness.

Yet the current EU ETS framework, entering into force beginning 2027 for offshore vessels, will distort competition and create opportunities for circumvention, based on a Monitoring, Reporting, and Verification (MRV) framework that was not designed for offshore operations and is widely recognised as not fit for purpose.

The sector strongly urges EU policymakers to first ensure that a fit-for purpose activity-based MRV framework is operational, before the inclusion of offshore vessels above 5000GT in EU ETS from next year onwards.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →