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Wednesday, September 22, 2010

UN high level advisory group considers shipping as funding mechanism for climate change financing - BIMCO

Posted - September 2010 - BIMCO

The considerations regarding future GHG regulation of shipping are ongoing not only in IMO and UNFCCC, but also in a special High-level Advisory Group on Climate Change Financing (AGF) established by the UN Secretary General Ban Ki-moon, and here shipping is being looked upon as one of the potential sources of revenue.
With this background, the BIMCO President Robert Lorenz-Meyer has found it necessary to approach the Co-Chair of the AGF and Premier Minister of Norway Jens Stoltenberg to express some concerns and considerations on behalf of BIMCO’s members. Note that the AGF will present its recommendation at the climate summit in Mexico in December 2010 (COP 16).
The main points in the letter are that shipping accepts a burden that is commensurate to its share of the problem and would like to avoid being targeted as a source of funding but more be seen as an indispensable facilitator of world trade and growth. It is stressed that shipping is responsible for around 3% of global GHG emissions today and carries some 80-90% of world trade. These figures reflect that shipping is the most energy efficient mode of transportation per ton-mile.

Complete article at:
https://www.bimco.org/Members/News/General_News/2010/09/21_Stoltenberg.aspx
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