Liberian Registry hits out at proposed EU ETS shipping extension
The world’s second-largest vessel registering service opposes what it sees as European overreach
The Liberian Registry has warned that a proposal made by the European Parliament to extend the EU emissions trading system (ETS) not just to shipping in EU waters but to all journeys made to and from the EU will distort the global maritime sector. “We understand the need for efforts to lower greenhouse gas (GHG) emissions, and continue to push for a cleaner environment, as well as a more efficient maritime industry,” says its COO, Alfonso Castillero. “However, at least for international shipping, it is vital we work toward one set of requirements established by the IMO, avoiding the creation of a fractured system of regional requirements that reach beyond their own waters, and assuring
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised