The FuelEU Maritime regulation aims to stimulate the shipping industry’s adoption of renewable and low-carbon fuels to reduce greenhouse gas (GHG) emissions. It mandates vessels operating within or calling at EU/EEA ports to comply with GHG emission limits of the energy used onboard. This initiative builds on existing frameworks but requires new, specific monitoring and compliance plans.
Compliance Requirements
Companies responsible for FuelEU compliance, typically the ISM Code holders, must develop new Monitoring Plans separate from the existing Monitoring, Reporting, and Verification (MRV) systems. These plans must be submitted to an accredited verifier by specified deadlines, ensuring all vessels have an approved Monitoring Plan onboard before January 1, 2025. The plans should detail emissions sources, fuel types, and monitoring procedures.
Well-to-Wake GHG Emissions Approach
FuelEU adopts a Well-to-Wake methodology, accounting for emissions from fuel production, transportation, and consumption. Compliance initially focuses on certified biofuels, LNG, LPG, and other renewable energy sources, with an increased emphasis on zero or near-zero emission fuels like e-methanol and e-ammonia by 2030. This comprehensive approach ensures a holistic view of GHG emissions associated with shipping.
Key Elements of the Monitoring Plan
The FuelEU Monitoring Plan must include detailed information on emissions sources, fuel types, and emission factors for each fuel used. It also requires procedures for updating emissions data, monitoring fuel consumption, and reporting emissions. The plan should outline control systems, data flow activities, risk assessments, and monitoring procedures for substitute energy sources or zero-emission technologies.
Timeline and Submission Process
The European Commission has developed a draft template for the Monitoring Plan, expected to be finalized by the end of June 2024. Companies will have July and August to submit their plans to verifiers. Vessels coming under regulation after August 31, 2024, must submit their Monitoring Plan within two months of their first EU/EEA port call. The approved plans must be recorded in the FuelEU database and accessible to the Administering State.
By adhering to these guidelines, the shipping industry can significantly reduce its GHG emissions, contributing to the EU’s broader climate goals.
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Source: gard
