European Parliamente delects ETS reform. Assarmatori: “Opportunity to deepen critical elements”

“The European Parliament’s vote against the report on the ETS – concerning emission quotas – and its simultaneous referral back to the ENVI Commission provides to the Italian and the European shipping industry, as a whole, indispensable time to continue the dialogue with the various interlocutors on the main critical aspects related to the Fit for 55 package. This situation reveals also an awareness, at least as far as maritime transport is concerned, of the complexity of the legislation – related to the abatement of gases by ships, as well as the need for further in-depth-studies”.

This is how Matteo Catani, board member of Assarmatori and Grandi Navi Veloci CEO, commented at the Shipowners&Shipbuilding Forum “I nuovi orizzonti delle energie” held in Genoa.

“From Europe and the IMO, there are signals of the willingness to accelerate on the issue of reducing emissions,” said Catani. “However, so far, there is no transparency about what will be the technologies able to achieve the expected results in such a short timeframe. Moreover, this leads either to strong uncertainties on investments or a legislative lack of full awareness about the time required for the technological adaptation of ships”.

Since long time, Assarmatori has been emphasizing that the introduction of the shipping sector into the ETS is only feasible if a number of substantial changes are implemented, compared to what is envisaged today: for instance, a more realistic phasing-in timeframe, the exemption for certain transport segments (such as those guaranteeing territorial continuity and transshipment), the monitoring of the measure impact and the use of resources, derived from the purchase of emission quotas to finance the research and technological investments needed to achieve the objectives.

Catani concluded by arguing that “Finally, it is necessary to consider the entire fuels life cycle, thus assessing the emissions during the production, transport and storage phase, which can change and even impact significantly the real reduction targets. Likewise, from this perspective, the European Parliament’s decision to entail more time for a deeper analysis is therefore essential in order to avoid to adopt untimely decisions that would risk to lead to counterproductive effects in terms of sustainability”.