Company: TEN-PE
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-079101
Chunk: 80

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-04-11
Form: 20-F
Item: Item 4
Chunk 80
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 2015/757 for the prior reporting period. This DOC must be made available for inspection at EU ports. From 1 January 2024, vessels are now also required to monitor and report methane and nitrous oxide emissions in line with an updated monitoring plan. Individual Member States have started to introduce CO2emissions legislation for vessels. The French Transport Code has required vessel operators to record and disclose the level of CO2emitted during the performance of voyages to or from a destination in France since October 1, 2013.

  ii.      UK MRV  

On 31 January 2020, the UK withdrew from the EU and has become an independent sovereign nation. A transition period applied until 31 December 2020, during which EU law continued to apply in the UK. Since then, the UK has had a new relationship with the EU based on the EU-UK Trade and Cooperation Agreement.

On 16 July 2020, the European Commission published a notice to stakeholders that explained the impact of the UK’s withdrawal from the EU associated with the EU monitoring, reporting and verification of emissions data for shipping. Based on this the Regulation EU 2015/757 on Monitoring, Reporting and Verification of Carbon Dioxide (CO2) Emissions from Maritime Transport would not longer apply to the UK but operators will still need to collect data on voyages between the UK and EEA and vice-versa for input into the existing EU MRV regime.

Although the UK is no longer part of the EU MRV regime, the EU Regulation which established that regime (Regulation (EU) 2015/757) was retained in domestic law under the EU (Withdrawal) Act 2018, subject to amendments needed to make it operable in a UK-only context.

As such the UK MRV regime is an identical monitoring reporting and verification system to the EU regulation that applies to voyages between two UK ports, voyages between a UK and non-EEA port and emissions generated at a UK port. The rest of the compliance obligations remained identical as described under the EU MRV regime.

Moreover, as a result of the UK’s withdrew from the EU, the UK Emissions Trading Scheme (UK ETS) replaced the UK’s participation in the European Union Emissions Trading Scheme on January 1st, 2021. The UK ETS aims to incorporate the scheme to the maritime sector from 2026.

  iii.      The European Green Deal and the European Union's Fit for 55 Package