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The environment committee of the International Maritime Organization (IMO) returns to work on the vexed issue of reducing greenhouse gas emissions in international shipping through market-based measures (MBMs) this week. The meeting comes as the EU shows further signs of its intent to target shipping emissions this week.
An inter-sessional working group of the Marine Environment Protection Committee (MEPC) meeting underway in London is reviewing ten submissions from national governments and organizations suggesting different market based approaches. All involve either bunker fuel levy or emissions trading solutions.
The main objective of the meeting is narrow down the ten submissions into a smaller number of more detailed alternatives for consideration at the next full MEPC meeting in July. Proposals could be merged or some could be rejected altogether.
Either way, there appears a long road ahead before an agreed MBM proposal could go to an IMO vote and be approved and implemented. Already, an earlier stage of GHG reduction reforms, the so-called technical and operational measures to increase ship energy efficiency (EEDI and EEOI), have been thwarted from mandatory application. The same high-level diplomatic obstacles that stand in the way of EEDI and EEOI also threaten to obstruct agreement on MBM agreement.
Complete story at:
http://www.carbonpositive.net/viewarticle.aspx?articleID=2296
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