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The Board of Directors of the International Chamber of Shipping (ICS), whose member national shipowners’ associations represent all sectors and trades and over 80% of the world merchant fleet, met in London on 13 September.
CO2 Regulation
ICS members expressed great satisfaction with the adoption in June, by the International Maritime Organization (IMO), of a package of technical regulations to help the shipping industry further reduce its CO2 emissions on a global basis. ICS members stressed that this demonstrated that IMO was eminently capable of regulating shipping’s CO2 emissions, and that with the full support of the industry IMO was ahead of the curve and well placed to supplement this with the development of Market Based Measures for shipping. The ICS Board reiterated the preference of the majority of the industry for an environmental compensation fund, to which any contributions by ships would be primarily linked to fuel consumption, rather than an emissions trading scheme.
Now that IMO has adopted binding regulations, that will enter into force in 2013, ICS hopes this will be sufficient to dissuade governments from pursuing detailed CO2 rules for shipping at the UNFCCC or through regional requirements, for example by the EU. Such alternative measures would only be likely to apply to a proportion of the world fleet and would therefore deliver far smaller total emission reductions than global measures agreed through IMO. Such alternative measures would also fundamentally upset the global level playing field that the shipping industry needs to carry world trade efficiently.
“ICS national associations will be lobbying their governments hard on these points, and in support of IMO, in advance of the next United Nations Climate Change Conference, in Durban in December.” said ICS Chairman, Mr Spyros M Polemis.
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