Ship owners will be obligated to monitor emissions on each voyage, as well as on an annual basis. The regulations also include provisions for reporting, verification, accreditation and compliance.
The Council says the new laws will improve information about CO2 emissions relating to the consumption of fuels, transport work and energy efficiency of ships, making it possible to analyse emissions trends and assess ship performance.
According to the Council, the new mechanism is a “building block” towards the implementation of the 2030 framework on climate and energy policies, designed to help the EU reduce greenhouse gas emissions by 40 per cent by 2030, compared with 1990 levels.
A global system of emissions monitoring is currently being developed at the IMO, and the Council believes the new EU regulation is a “contribution to the international negotiations”. However, the Council also states that the EU Commission may have to review the regulation in future to align with any international agreement.
Once formally adopted, the regulation is due to enter into force on 1 July 2015. Warships, naval auxiliaries, fish catching or processing ships, wooden ships of a primitive build, ships not propelled by mechanical means and government ships used for non-commercial purposes will be exempt from the regulations.