Shipping MRV

Current regulations on shipping MRV will apply to any ship over 5,000 tonnes entering EU ports and means that emissions and fuel efficiency will have to be monitored and reported. At present, no allowances have to be surrendered against the verified emissions as shipping is not yet part of the EU ETS. However there is a good chance that sometime in Phase IV of the EU ETS it will be and pro-active companies are already considering what the financial impact will be.