Matthieu Moulonguet, Policy Officer, European Commission presented a Regulatory Update on EUETS saying that the existing scheme will cover maritime transport emissions as from 1 January 2024. He also noted that the geographical scope of ETS is 100% of emissions from voyages within the EU, 50% of the emissions from voyages starting or ending outside of the EU. ETS aims to reduce CO2, N2, NH4 emissions.
Kostas Economou, Head of Shipping Finance, Pancreta Bank & General Secretary of the ‘Association of Banking and Financial Executives of Hellenic Shipping’ explained the Banking Approach on the "Green" Transition. Mr Economou pointed out that the banks have already provided loans bonds or lease designed specifically to support environmentally friendly initiatives in shipping. In this view the Poseidon principles was launched to encourage green initiatives which has 30 signatories from institutions that hold more than 50% of the aggregate debt portfolios.
Given its capital intensive nature investors are encouraged to push stakeholders to adopt emissions reduction plans.aligned with achieving a zero carbon target by 2050.
George Laios, Deputy CEO, Intermodal gave a speech on how to Navigate the EU ETS - Charting a Sustainable Course for Shipping.
Mr Laois said that EUAs are tradable commodities and are influenced by a range of the market supply and demand factors including geopolitical events like Russia - Ukraine conflict.
Maria Kyratsoudi ABS’ business development manager referred to the new features of Emissions Reporter Portal and presented some screenshots of how the system works.
She remarked the the portal is a statement of facts and not a certificate of compliance.
Antony Vourdachas, Principal Engineer, Global Sustainability, ABS focused on ABS Carbon Diligence Platform.
Finally a panel discussion took place about the Inclusion of Shipping in the EU-ETS - Addressing the Challenges with Moderator Stamatis Fradelos, Vice President Regulatory Affairs, ABS.
Panelists: Georgios Poularas CEO at ENESEL S.A., Kostas Polydakis, CEO at MM Marine Inc. - Mercuria Energy Group, Kostas Economou Head of Shipping Finance, Pancreta Bank & General Secretary of the ‘Association of Banking and Financial Executives of Hellenic Shipping, Matthieu Moulonguet, Policy Officer, European Commission, Nektarios Mamitsas, Directorate of Climate Change and Air Quality, Section for Market Mechanisms and GHG Emissions Registry, Hellenic Ministry of Environment and Energy.
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