GHG emissions

Background

Since January 1^st 2019 all operators of merchant vessels larger than 5,000GT are required to Monitor and Report their CO₂ emissions yearly on a voyage basis– both under the European Union MRV Regulation 575/2015 as well as globally under the IMO Data Collection System (DCS). These regulations are similar but differ substantially in reporting templates and definitions; in addition, EU-MRV requires independent Verification from an ISO14065 accredited certification body. These reporting schemes might be used for a future Carbon Taxation Scheme later, which is looming over the industry.



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