Maritime transport decarbonization

• Robert Schuman Centre for Advanced Studies
• FSR: Florence School of Regulation Energy & Climate

What to expect from the new regulatory frameworks?

Maritime transport accounts for ~3% of global anthropogenic greenhouse gases (GHGs), yet is not covered by the Paris Agreement. In 2023, the sector’s main regulator, the International Maritime Organisation (IMO), adopted a revised GHG strategy, setting an enhanced common ambition to reach net-zero GHG emissions from international shipping close to 2050. As of 2024, maritime transport emissions will be incorporated under the European Union’s cap-and-trade program – the Emissions Trading System (EU ETS). As a result, shipping companies using European ports will have to monitor and report their emissions and purchase and surrender EU allowances (EUAs) for each tonne of reported carbon dioxide (CO2) emissions. From 1 January 2026, this obligation will be extended to two short-lived GHGs – methane (CH4) and nitrous oxide (N2O).

This webinar, based on the recent OIES Insight, will address the following questions: 1) Are the IMO and EU regulatory frameworks for decarbonisation complementary or contradictory? 2) What does the EU ETS extension mean for the methane mitigation in Europe, in the light of the upcoming EU methane regulation? 3) What does it mean for the future of LNG, given that additional LNG supplies are projected to come online after 2025?