Balancing European Ambition to Cut GHGs and Shipping’s Recovery

A European Recovery Plan and the first Annual Report on CO2 Emissions from Maritime Transport Report are expected to reinforce the need for unilateral European action on GHG emissions from ships, but what are the potential implications?

Recent disruption caused by the COVID 19 pandemic is cited as both an opportunity for decarbonisation – recover in a carbon neutral image – but also an impediment – recover to afford the luxury. However, the fundamentals behind decarbonisation remain: a necessary response to climate change and an opportunity for energy security for states reliant on fossil fuels.

It should come as no surprise that, in their crisis recovery planning, the European Commission is pursuing a more sustainable European economy. While it has noted the detrimental impact of COVID‑19 on the maritime sector, it has also recorded the attractive recovery opportunity offered by carbon pricing in that sector…

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