07 Dec What you need to know about the Fuel EU Maritime Regulations
The FuelEU Maritime Regulation operates alongside the current European Union Emissions Trading System (EU ETS.) It aims to reduce the overall intensity of GHG emissions created by the shipping sector over time and is one component of the EU’s target to lower net emissions by at least 55% by 2030 and achieving climate neutrality by 2050.
This regulation sets limits on the yearly average GHG intensity of the energy used by ships over 5,000 gross tonnage that call at European ports. The targets cover CO2, methane and nitrous oxide emissions over the full lifecycle of the fuels used onboard, with the limits decreasing gradually over time, starting with a 2% reduction by 2025 and reaching up to an 80% reduction by 2050.
Which vessels will be impacted and when?
The FuelEU Maritime Regulation will come into effect from 1 January 2025.
It will apply to all vessels above 5,000GT that transport either passengers or cargo for commercial purposes and operate within the European Economic Area (EEA). However, there are several vessel types that will be exempt including (but not limited to) warships, naval auxiliaries, fish-catching or fish-processing vessels.
For a detailed breakdown of the FuelEU Maritime Regulation please click here.
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