Jul 2023, the EU has achieved a significant milestone in its efforts to promote sustainable shipping by approving the "FuelEU Maritime" regulation. This initiative aims to bring renewable and low-carbon fuels to the maritime sector, not only reducing the greenhouse gas emissions but also pushing the industry into eco-friendly shipping practices development.
Q: What is "FuelEU Maritime"?
A: The "FuelEU Maritime" regulation is part of the wider "Fit-for-55" package, a set of legislative proposals introduced by the EU to align its climate and energy policies with the goal of achieving a 55% reduction in greenhouse gas emissions by 2030. The maritime sector, responsible for a considerable share of global emissions, has long been a focus for efforts to combat climate change.
Key Provisions of the Regulation
The "FuelEU Maritime" regulation introduces EU-wide rules to limit the greenhouse gas intensity of energy used onboard ships, particularly focusing on the type of fuels employed. The new requirements apply to ships with a gross tonnage over 5,000, operating in EU member states' territorial waters.
In addition, starting in 2030, container and passenger ships are obligated to use shore power while at ports, reducing their reliance on conventional fuels during idle periods. The regulation also promotes the use of synthetic fuels derived from renewable energy sources, providing a cleaner alternative for long-distance shipping where electric propulsion may not be feasible.
One of the primary goals of the "FuelEU Maritime" regulation is to drive the demand for renewable and low-carbon fuels, significantly reducing greenhouse gas emissions from the maritime sector. The regulation sets ambitious emission reduction targets for the shipping industry, requiring emissions to be cut by 2% in 2025, 6% in 2030, 14.5% in 2035, 31% in 2040, 62% in 2045, and 80% in 2050, all relative to the 2020 average.
