Blog: What next for EU MRV?
The EU MRV Regulation came into force on 1 July 2015. It dictates that any vessel exceeding 5,000 gross tonnage (GT), which calls at an EU port on, or after January 1st 2018 to load or unload cargo, or embark or disembark passengers for commercial purposes must monitor and record its fuel consumption, CO2 emissions, and associated transport work.
The first key legal deadline faced by shipowners and operators is 31st August 2017, when they must submit a Monitoring Plan (MP) to verifiers; outlining the procedures in place to monitor and report their carbon emissions and transport work. Once submitted, the MP must be successfully assessed by 31st December 2017, before the start of the first monitoring period.
The European Commission recently published an MP template along with the draft Delegated and Implementing Acts, which provides a reference point for owners and operators that are unclear of the regulations’ requirements or how to begin developing an MP.
However, this will be the first time that owners and operators are expected to prepare a Monitoring Plan that adheres to the fairly strict guidelines documented in the regulation. And, as with most new legislation, the challenge lies in effectively navigating its complexity and accurately interpreting the requirements to ensure compliance.
A key challenge for shipowners and operators is that while the regulation clearly stipulates the type of information that must be reported, it does not take into account individual circumstances or requirements, nor does it offer clarity in terms of level of depth and detail needed. It will be critical for ship owners and ship operators to select a trusted independent emissions verification body with an extensive knowledge of the EU MRV Regulation and of the technical aspects of shipping operations in order to effectively navigate through the EU MRV compliance process.
The UK Chamber EU MRV Seminar on the 29th September will provide shipowners with an understanding of the specific requirements associated with the implementation of the regulation as well as facilitate exchanges of best practises and experiences and experts from Verifavia will offer practical advice on interpreting the requirements of the MP. It is also an excellent opportunity for participants to raise with the European Commission any questions concerning with the implementation or areas that may need further consideration.
UK CHAMBER OF SHIPPING
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