The \u2018Reduction of GHG emission from ships\u2019 submission to IMO by the trade associations suggests that IMO Member States immediately adopt objectives to maintain international shipping\u2019s annual total CO2 emissions below 2008 levels; and to reduce CO2 emissions per tonne of cargo transported one kilometre, as an average across international shipping, by at least 50% by 2050, compared to 2008.<\/p>\n
In their proposal, the organisations stated: \u201cIMO\u2019s strategy should be for international shipping to move towards a decarbonized future as quickly as the delivery of economically viable alternative fuels and new propulsion technology will allow.\u201d<\/p>\n
The IMO Marine Environment Protection Committee will meet in London this July to begin the development of a strategy for the reduction of the sector\u2019s CO2 emissions aligning the international shipping sector response to the 2015 Paris Agreement\u2019s call for ambitious contributions to combat climate change.<\/p>\n
The proposal emphasises, however, that: \u201cThe Paris Agreement does not include legally binding requirements for State Parties concerning the delivery of the CO2 reduction commitments (INDCs) which they have made, and there are no legal consequences for State Parties that accompany any under or over performance.\u201d<\/p>\n
The shipping industry wants IMO to remain in control of additional measures to address CO2 reduction by international shipping and to develop a global solution, rather than risk the danger of market-distorting measures at the national or regional level.<\/p>\n
Acknowledging concerns of developing nations about the possible impacts of CO2 reduction for trade and sustainable development, the industry submission emphasises that any objectives adopted by IMO must not imply any commitment to place a binding cap on the sector\u2019s total CO2 emissions or on the CO2 emissions of individual ships.<\/p>\n
The associations added that the \u201cfinal strategy, for adoption in 2023, should also include a plan to promote and actively assist the development of alternative fuels. The intention to develop such a plan to encourage the development of alternative fuels and associated bunkering infrastructure as part of the 2023 strategy should also be highlighted in the initial 2018 strategy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
BIMCO, INTERCARGO, International Chamber of Shipping (ICS) and INTERTANKO have made a joint proposal to the IMO to reduce international shipping CO2 emissions.<\/p>\n","protected":false},"author":8,"featured_media":5314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"sponsor":[],"class_list":["post-5313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulation-policy-greenport"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/5313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=5313"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/5313\/revisions"}],"predecessor-version":[{"id":5315,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/5313\/revisions\/5315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/5314"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=5313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=5313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=5313"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=5313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}