A group of 35 European maritime businesses has called on European Union (EU) policy-makers to close loopholes in draft climate laws for shipping or risk undermining the industry’s clean transition.

The companies demand EU legislators lower the gross tonnage threshold to 400 gt, from 5,000 gt, and include offshore and service vessels in the Emissions Trading System (ETS) in a joint letter published by NGO Transport & Environment.

The moves would help ensure that investments made in green technologies for smaller vessels are protected and can pave the way for commercialisation of bigger projects, while empowering Europe’s green shipping businesses, they said.