Maritime transport decarbonization – what to expect from the new regulatory frameworks?

The FSR Policy debate organised in cooperation with the Oxford Institute for Energy Studies will focus on maritime transport decarbonization.

Maritime transport accounts for ~2-3% of global anthropogenic greenhouse gases (GHGs), yet is not covered by the Paris Agreement. In 2023, the sector’s main regulator, International Maritime Organisation (IMO) adopted a revised GHG strategy setting an enhanced common ambition to reach net-zero GHG emissions from international shipping close to 2050. As of 2024, maritime transport emissions will be incorporated under the European Union’s cap-and-trade program – the Emissions Trading System (EU ETS). As a result, shipping companies using European ports will have to monitor and report their emissions and purchase and surrender EU allowances (EUAs) for each tonne of reported carbon dioxide (CO₂) emissions. From 1 January 2026, this obligation will be extended to two short-lived GHGs – methane (CH₄) and nitrous oxide (N₂O).

This webinar, based on the recent Oxford Institute for Energy Studies (OIES) Insight, will address the following questions:

1) Are the IMO and EU regulatory frameworks for decarbonisation complementary or contradictory?

2) What does the EU ETS extension mean for the methane mitigation in Europe, in the light of the upcoming EU methane regulation?

3) What does it mean for the future of LNG, given that additional LNG supplies are projected to come online after 2025?

Webinar moderated by Jonathan Stern | Oxford Institute for Energy Studies (OIES)

Programme

14.00-14.05 Welcome by Andris Piebalgs | FSR and Jonathan Stern | OIES

14.05 – 14.20 Presentation of the OIES paper, Maria Olczak | OIES

14.20 – 14.35 Panelists

Bartłomiej Gurba | European Commission, DG CLIMA

Fiji George | Cheniere

14.35 – 15.05 Q&A

15.05 – 15.15 Wrap-up by Christopher Jones | FSR