The Impact of FuelEU Maritime on Book-and-Claim Systems

The Global Maritime Forum’s Getting to Zero Coalition has released an insight brief focusing on how compliance mechanisms impact voluntary book-and-claim-enabled activities, using the FuelEU Maritime (FEUM) regulation as a case study. The FEUM legislation, part of the EU’s ‘Fit for 55’ package, aims to promote the use of renewable fuels to reduce greenhouse gas emissions in the shipping sector while maintaining smooth maritime traffic operations and market consistency.

Starting in 2025, the FEUM regulation applies to all ships and voyages under the EU MRV maritime regulation, covering 100% of intra-European Economic Area voyages and 50% of extra-EEA voyages. Vessels are required to decrease their fuel use’s average GHG intensity by 2% from 2025, gradually reaching an 80% decrease by 2050, making the transition to cleaner fuels essential for meeting emission reduction targets and avoiding penalties.

Key considerations highlighted by the Getting to Zero Coalition include the need for consistency in book-and-claim systems to align with FEUM standards and international regulations. Challenges remain in defining and implementing additionality in shipping decarbonization, emphasizing the importance of establishing common standards for book-and-claim systems to ensure credibility and effectiveness. Developing robust monitoring and verification systems to facilitate data-sharing and transparency between compliance and voluntary markets is crucial for the sector’s progress amidst evolving regulations.

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