Disappointing decision

Following a recent vote in the European Parliament, adopting a regional EU Regulation on the Monitoring, Reporting and Verification (MRV) of individual ship emissions of CO ₂, the International Chamber of Shipping (ICS), BIMCO and Intercargo said the vote was expected, being based on the political agreement reached between the EU institutions at the end of last year. However, the shipping industry was still disappointed by the Parliament’s confirmation of the EU decision to pre-empt the current International Maritime Organization negotiations on a global data collection system on shipping’s CO ₂ emissions by adopting a unilateral, regional Regulation on the MRV of individual ship emissions.