Displaying items by tag: EU ETS

3rd October 2022

Dedicated Fund Within Maritime EU ETS Must Support Port Investment Infrastructure to Enable Green Shipping

The European Sea Ports Organisation (ESPO) supports the ambitions of the European Green Deal, the Paris Agreement, and welcomes the inclusion of the maritime sector in the EU Emission Trading System (EU ETS).

For European ports, the greening of shipping is a priority. Significant investments will need to be made in the coming years to enable the green transition of the maritime sector, including investments in port infrastructure, connection to the grid, energy storage, and the deployment of renewables in ports.

It is for this reason that the European Sea Ports Organisation (ESPO) has joined a coalition of the maritime stakeholders in a call for dedicated funding for ports under maritime EU ETS. The joint maritime industry statement can be found at the bottom of this press release. Dedicating ETS revenues for investments is necessary to deploy much needed infrastructure for low- and zero-carbon fuels required for the greening of shipping.

“We need all hands on deck to deliver the greening of shipping. ESPO joins the wider maritime industry in calling for maritime ETS revenues to be used to support investments both on-board vessels and in ports. The creation of a dedicated fund which supports the deployment of infrastructure for low- and zero-carbon fuels both on-board the vessel and at shore is crucial to reach the aims the EU ETS is designed for” says Isabelle Ryckbost, ESPO Secretary-General.

Dedicated funding for maritime and ports must be the result of ongoing trilogue negotiations to ensure that the maritime EU ETS provides the sector with the tools to go green.

European ports look forward to helping find an agreement on a maritime ETS that is fit for purpose.

The joint statement is available here as a download.

Published in Ports & Shipping

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.