International Association of Classification Societies (IACS) : -
Marine classification is a system for promoting the safety of life, property and the environment primarily through the establishment and verification of compliance with technical and engineering standards for :
the design construction
life-cycle maintenance of ships
offshore units and other marine-related facilities.
These standards are contained in rules established by each Society.
IACS provides a forum within which the member societies can discuss, research, and adopt technical criteria that enhance maritime safety .
IACS is a technically based non-governmental organization that currently consists of eleven member marine classification societies.
More than 90% of the world's cargo-carrying ships’ tonnage is covered by the classification standards set by member societies of IACS.
it also plays a role within the International Maritime Organization (IMO), for which IACS provides technical support and guidance and develops unified interpretations of the international statutory regulations developed by the member states of the IMO.
Once adopted, these interpretations are applied by each IACS member society, when certifying compliance with the statutory regulations on behalf of authorizing flag states.
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4moIn its reply to the first question, the European Commission highlights that "the revenue from auctioning 20 million EU Emissions Trading System allowances will be available up to 2030 through the Innovation Fund to support maritime decarbonisation projects, including innovation in the shipbuilding sector with a clear EU-added value." However, revenues from shipping allowances are not specifically earmarked for maritime investments but instead contribute to a common pool supporting decarbonisation efforts across various sectors. To ensure transparent and equitable distribution of revenue from Emissions Trading System allowances, it would be logical for shipping revenues to be fully allocated back into the maritime sector's investments.