EDF's defence of EU ETS international shipping proposal July 23, 2021
The EU announcement that it will now move to include international shipping in its regional ETS raises critical issues for both European States and NGOs. The question before both is the impact of this on the IMO debate on market based measures, now that it has finally agreed to debate the Marshall/Solomon Islands proposal for a universal GHG levy. Unlike the EU ETS, the levy can claim credibility as being ambitious and equitable. EDF's recent blog on this caught my eye this week ( @ Panos Spiliotis http://blogs.edf.org/climate411/2021/07/20/the-eu-has-the-power-to-bring-transformational-change-to-global-shipping/ ) and prompted this comment: Hi EDF Thanks for an interesting article. Can I ask you to publicly clarify EDF’s position on MBM’s for shipping and your comment that EU is being ambitious. In our opinion, the EU ETS will have some limited impact on moving shipping toward decarbonisation, but is clearly inadequate for a 1.5 agenda and therefore fails the Paris Agreement