(www.MaritimeCyprus.com) In order to reduce emissions from shipping, the European Union (EU) has introduced the shipping Monitoring, Reporting and Verification (MRV) regulation, which is designed to gather data on CO2 emissions based on ships’ fuel consumption.
It is considered the first step of a staged approach for the inclusion of maritime transport emissions in the EU’s GHG reduction commitment. The MRV regulation entered into force in July 2015.
In parallel, the IMO has introduced a three-step approach, based on collecting and analysing fuel consumption data, before agreeing what further actions may be required to reduce GHG emissions from ships. Through amendments to MARPOL Annex VI, the IMO Data Collection System (DCS) came into effect in March 2018.
Two new sets of regulations, running on two different timescales, present a big challenge for shipowners and operators.
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