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CYPRUS MINISTRY EXPLORES EC SHIPPING EMISSION TRADING PROPOSAL

CYPRUS MINISTRY EXPLORES EC SHIPPING EMISSION TRADING PROPOSAL

Wednesday, December 2, 2020 

The Cyprus Shipping Deputy Ministry (SDM), through a virtual debate on 7 December 2020, is exploring the European Commissionís (EC) proposed Emissions Trading System (ETS) for shipping.

The European Green Deal is the EC’s action plan to achieve a net reduction of at least 55% of greenhouse gas (GHG) emissions by 2030 and climate-neutrality by 2050. The European Parliament wants maritime transport to be more ambitious in its decarbonisation targets and believes ships of 5,000gt and above should be included in its ETS.

Following a public consultation, the Ministries of Cyprus, with the support of the European Parliament Office in Cyprus, are inviting interested parties to a virtual seminar, facilitated by SDM, where regulators, shipowners, NGOs an others will discuss the Commission’s intention to propose a legislative initiative. The debate, entitled: 'ETS in Shipping: Elixir or Threat to Sustainability?', will be moderated by Cyprus Shipping Deputy Minister, Vassilios Demetriades, joined by a panel comprising regulators, shipowners and NGOs.

The following questions will be explored:

  • ETS comes in many shapes and sizes. Given the specificity and the international character of the shipping sector, what should be the “Dos” and “Don’ts” in the Commission’s proposal?
  • Is ETS part of, or the only solution to mitigate climate change from shipping? Is it essential or more effective than other measures? What other market-based and/or operational measures are needed?
  • How much should ETS affect EU shipping and internal market policies for the proposal to be proportional?
  • As combating climate change knows no borders, how compatible is the EU-ETS with IMO’s global decarbonisation approaches?

Vassilios Demetriades, Cyprus Shipping Deputy Minister said: “For Cyprus, it is vital that stakeholders from across the maritime industry engage collaboratively with regulators and NGOs alike. This is why we want to facilitate dialogue that provides a collective response to the European Commission’s public consultation regarding its proposed ETS, rather than simply submitting our own views. We must seize this opportunity to ensure that all affected voices are heard, working collectively towards the best possible outcome. It is essential that maritime transport makes a meaningful contribution to climate change while at the same time safeguarding its competitiveness. We hope that the seminar will help to provide the Commission with greater clarity on the best way forward.”

Interested parties can find further information and how to take part via the Cyprus SDM website.

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