At the event, ICS will report on progress being made by shipowners worldwide to reduce CO2 emissions, improve fuel efficiency and to tackle some thorny issues surrounding market based measures (MBMs).<\/p>\n
A recent UNFCCC secretariat report on \u2018climate financing\u2019 suggested that the international shipping industry should make a substantial contribution of $100bn per year to the Green Climate Fund established at the 2011 conference in Durban last year.<\/p>\n
But ICS points out that IMO regulations to reduce ships\u2019 emissions, which enter into force in January 2013, is already enough to contend with and goes a long way to assist the industry meeting its commitment for a 20% efficiency improvement by 2020 and 50% improvement by 2050.<\/p>\n
Simon Bennett, ICS director of external relations, said: \u201cSome governments appear to be more interested in how much money can be raised from shipping, rather than the emissions reductions that this might deliver. Just because we lack a strong political constituency, we should not be treated as a cash cow. Governments must also avoid the possibility of modal shift. If excessive costs are added to shipping, there could be greater use of less carbon-efficient shore based transport modes which will generate additional CO2.\u201d<\/p>\n
ICS makes it clear that additional MBMs are controversial among shipowners and Mr Bennett added that most shipowners would rather see a mechanism linked to fuel consumption as opposed to emissions trading schemes or any other \u201cdamaging\u201d measure.<\/p>\n