The International Chamber of Shipping (ICS) has released a new publication to endorse the UN International Maritime Organization's (IMO) strategy for phasing-out CO2 emissions from the international shipping sector.
“Reducing CO2 Emissions to Zero” explains what the high levels of ambition agreed by IMO Member States could mean for international shipping. These targets include an efficiency improvement of least 40% – as an average across – the fleet compared to 2008, and a 50% cut of the sector’s total greenhouse emissions by 2050, regardless of future trade growth.
Zero CO2 Fuels
The ICS publication also explores possibilities for the development of zero CO2 fuels that will almost certainly be required if a 50% total cut in GHG emissions is going to be delivered before 2050, as well as investigating policy options for short and medium term regulatory measures.
Opposed to Mandatory Operational Efficiency Indexing
“Reducing CO2 Emissions to Zero” sets out ICS’s firm opposition to the concept of mandatory operational efficiency indexing of individual ships as a possible candidate measure for CO2 reduction, which ICS argues would lead to serious market distortion.
Global System for Collecting CO2 Data
ICS also explains why the European Union needs to align its regional system for collecting CO2 data from ships with the global system that has been established by IMO.
Additional CO2 Reduction Measures
In the introduction, ICS Chairman Esben Poulsson explains: 'We now expect discussions at IMO to begin in earnest on the development of additional CO2 reduction measures, including those to be implemented before 2023. ICS will continue to participate constructively.'
Download the ICS report “Reducing CO2 Emissions to Zero".
Picture by Dom0803.
