WSC and member liner carriers are highly concerned about Parliament’s delay in finalizing its position on FuelEU Maritime. Liner carriers are committed to decarbonizing the industry as soon as possible and are already investing in alternative fuel technology. Fuel EU Maritime is crucial for EU policymakers to reach their climate goals, and for the progress of shipping decarbonization.

The WSC acknowledges the important milestone that has been reached following the adoption of the European Parliament’s position on the EU ETS proposal. WSC calls on the EU institutions to work together in the trilogue process to ensure that EU ETS provides the correct market signals for decarbonising the shipping industry in support of the EU Green Deal GHG goals.

As the IMO MEPC78 draws to a close, we have seen good progress on several important topics, including on the next phase of the IMO greenhouse gas (GHG) strategy. WSC urges member states to maintain the momentum and step up the crucial work on developing the pathways to decarbonising shipping.

The European Parliament’s ENVI Committee today adopted its report on the proposal on the revision of the EU ETS. The World Shipping Council (WSC) welcomes this crucial step towards the achievement of the goals of the EU Green Deal but stresses that improvements to the ETS proposal are still needed.

The World Shipping Council (WSC) together with prominent maritime nations and organisations representing all shipping sectors continue to work for the early adoption of an industry financed and IMO led research and development fund as a critical pathway to accelerate the development of technologies for zero carbon shipping.

Transitioning global shipping from a carbon dependent industry into one that operates without greenhouse gas (GHG) emissions is a massive task. Container and roro carriers are already investing in the development of zero GHG technologies and are committed to enabling the industry’s transition to zero, but clear global regulations are needed. The World Shipping Council (WSC) has identified six regulatory and economic pathways, all of which are critical for the nations of the UN International Maritime Organisation to address for a successful maritime energy transition.

The European Parliament’s lead MEP on the EU ETS proposes amendments to the ETS for maritime that put the impact and efficiency of the EU Green Deal at risk, says World Shipping Council (WSC). WSC has two primary concerns: 1. The proposed changed definition of “responsible entity” would corrupt the ETS; 2. The bilateral agreements proposed would undermine progress towards global GHG policy.

“Our appeal to political leaders and regulators is to not get stuck in a cycle of ambition bidding, but to take action for inclusive change in the shipping industry. Whilst we are disappointed there was no decision, the MEPC 77 saw a notable increase in the number of nations supporting the establishment of an industry-financed research fund, pushing USD 5 billion into R&D towards zero-GHG technologies that will be available to all nations. The initiative is ready to launch, has support from the Green Climate Fund, and we will keep supporting member nations working for a positive resolution at MEPC 78,” says John Butler, WSC President & CEO.

Inclusion of shipping in the EU ETS will encourage shipping’s journey towards decarbonisation, but EU action threatens to undermine broader international progress if the ETS extends outside of the EU, says World Shipping Council (WSC).

“The EU can lead global climate action, but it can’t succeed alone. Advancing fuel-technology pathways in global shipping requires the shared commitment and cooperation of industry, governments and international regulators. Through the ETS, the EU has a unique opportunity to strengthen, motivate and complement global policy for reducing greenhouse gas emission in international shipping,” says John Butler, President & CEO.

As part of the EU Green Deal, the FuelEU Maritime Regulation intended to promote demand for lower greenhouse gas fuels can play an important role in shipping’s journey towards decarbonisation. In a position paper published today, the World Shipping Council (WSC), representing 90% of international liner shipping, welcomes the FuelEU proposal as an opportunity to drive progress towards EU targets and contribute to the decarbonisation of international shipping. However, the proposal’s actual impact will hinge on optimizing the geographical scope of FuelEU and making sure fuel availability keeps pace with fuel use requirements.

The shipping industry has welcomed the growing momentum for a USD 5 billion R&D Fund for shipping, but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to support the decarbonisation of the industry.

We are committed to decarbonisation and ready to do our part. The international maritime transportation system drives the world economy. World trade and the world’s economies cannot afford a chaotic decarbonisation of shipping. Nor can time be lost in effectively tackling the challenge. We therefore invite all governments to show engagement and climate leadership on the international stage, through support for the IMRB at the UN IMO.

Ahead of President Biden’s climate summit, shipping industry bodies representing the majority of maritime trade have called on world leaders to quickly commence deliberations on how mandatory market-based measures (MBMs) could be implemented for international shipping.

The proposal to create a USD 5 billion USD International Maritime Research and Development Board (IMRB) was submitted to the UN’s International Maritime Organisation (IMO) on the 10th of March 2021 by Georgia, Greece, Japan, Liberia, Malta, Nigeria, Palau, Singapore, and Switzerland. Denmark now joins as a co-sponsor, and we expect several other nations to voice their support for the proposal at the next meeting of the IMO Marine Environment Protection Committee in June.

Industry partners welcome “moon-shot” proposal from governments to set up a $5 billion USD fund to catalyze the vital research and development needed to help shipping meet UN decarbonisation goals.

The World Shipping Council (WSC) is excited to welcome to the team Mr John Bradshaw, in a global role as Technical Director for Environment and Safety, and Dr James Corbett as Environmental Director, Europe.