PWC Green Maritime Centre to Help Ship Owners Meet MRV Regulation

Monday November 23, 2015

A new Maritime Sustainability Centre will be established by PricewaterhouseCoopers (PWC) Greece in order to ensure the compliance of large ships with the new CO2 emissions Monitoring, Reporting and Verification (MRV) regulation, environmental and Sustainable Shipping portal Green4Sea reports.

The Centre will work within the organization’s Shipping Advisory Group.

The first reporting cycle is scheduled for January of 2018, and Socrates Leptos-Bourgi, global shipping & ports leader of the PwC network, says that “Our firm has set up a dedicated team of specialists to support shipping companies before and after the MRV implementation.”

These specialists will be led by Helena Athoussaki, who said she will bring “the insights of global best practices to shipping, in order to support them to find the right mix in staying competitive, compliant, driving innovation and designing efficient operational processes, whilst preserving our environment.”

Athoussaki holds various business degrees from Oxford and the London Business School and has extensive experience as an investor and advisor in clean energy, shipping, and forestry.

PwC is currently helping the European Commission with the design of the MRV system, the full requirements of which will be issued next summer.

PwC’s modus operandi will be to study the monitoring and reporting systems used by shipping companies and determine whether they can conform with the MRV requirements and principles.

The MRV regulation, which was approved in European Parliament earlier this year, is considered the first step towards regulating CO2 emissions reduction from the maritime sector.

But the idea of developing a global emissions reduction framework by the end of 2016 has been called "unrealistic" by the European Community Shipowners' Associations.