Talks on a possible Market Based Measure to address GHG emissions from ships continues next week at IMO - BIMCO

Posted March 25, 2011 - BIMCO

The MEPC working group on GHG is meeting intersessionally under the chairmanship of Andreas Chrysostomou of Cyprus Monday to continue where it left at the last MEPC meeting in October 2010.
The issue is contentious, both when it comes to a discussion on the need for an instrument designed to reduce emissions reductions by levies or trading schemes as well as to its possible application with the over-riding political aspects of IMO’s versus UNFCCC’s customary principles in the ring.
One of the primary tasks for the working group is to analyze the various proposals on the table and try to group them according to their individual aspects. It is hoped that this process could lead to fewer contenders. Japan and the World Shipping Council have already joined forces and submitted an amalgamated proposal building on the primary aspects of their previous individual proposals.
BIMCO participates in the meeting and as one of the task leaders in the IMO Expert Group on MBM’s we will have the opportunity to once again present the outcome of the Expert Group’s work.
Progress is not particular forthcoming on the general climate change regulatory scene and this trend will likely carry over to the IMO work. We are however confident that the efficient house rules and procedures that governs the work in IMO will continue to make progress possible on a future GHG regulation for shipping.

Story at:
https://www.bimco.org/en/Members/News/2011/2011/03/25_IMO.aspx