Monitoring of CO2 Emissions from Maritime Transport (Regulation)
The European Commission wants to bring in a system to monitor, report and verify CO2 emissions and other climate-relevant information from ships ("MRV system"). On the one hand, the data will create a basis for further political measures. On the other, companies will gain a better overview of cost reductions.
An MRV system for CO2 emissions from maritime transport is necessary insofar as these emissions are to be reduced by way of further measures. However, the cost reductions hoped for by the Commission are open to question because companies are already trying, of their own accord, to reduce costs. The inclusion of CO2 emissions arising outside the sovereign territory of the EU stretches international law's territoriality principle to the limit.