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Regulation of shipping’s greenhouse-gas (GHG) emissions is inevitable - and the chances are increasing that it is likely sooner rather than later, on terms outside the control of the IMO. The ship operators best placed to meet the costs of regulation without undue impact on their operations will be those who take the available steps to prepare and insulate their businesses now. That is why Carbon Positive believes a system of early crediting to start generating real, verified emission reductions will be of significant value to the shipping sector.
While the IMO tries hard to work towards agreed solutions, the reality is that the maritime sector is caught up in a geopolitical stand-off between developed and developing countries that is preventing broad agreement. As a result, there is now a high likelihood that the European Union will act to regulate shipping-based GHG emissions in its region before the IMO can find its own path to regulation, perhaps on more favorable terms to shipping.
Based on recent comments by EU climate commissioner Connie Hedegaard, it is clear the EU is readying itself to begin moves in 2012 to regulate emissions in the sector on a regional basis. And the European Parliament’s transport committee chairman, Brian Simpson, put it very plainly that those who think the EU won’t impose emissions-trading regulation on shipping and aviation in the absence of strong action from the sectors themselves “is living in cloud-cuckoo land”.
Complete story at:
http://www.carbonpositive.net/viewarticle.aspx?articleID=2193
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