The European Union’s Monitoring, Reporting and Verification Regulation (EU MRV regulation) was revised in 2023 to allow shipping to be included in the EU Emissions Trading System (EU ETS). This revision included the provision that offshore ships of 400GT and above, and general cargo ships of 400GT and above, but less than 5,000GT, will be included within the scope of EU MRV from 1 January 2025. As such, Monitoring Plans for relevant ships must be developed and verified by 31 December 2024.
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