International shipowner organizations ICS, BIMCO, Intertanko and Intercargo, jointly submitted to IMO a new paper last week to further elaborate their views on the initial strategy concerning the reduction of GHG emissions from shipping that IMO is expected to adopt in spring next year.
In particular, the co-sponsors comment on the draft outline for the structure of the initial IMO Strategy and suggest some draft text for possible inclusion. The submission provides concrete wording on the level of ambition and the accompanying guiding principles.
With regard to possible text about emission scenarios, and taking account of discussion at ISWG-GHG 1 (MEPC 71), the co-sponsors suggest text along the following lines:
“…New estimates of emissions from international shipping have been developed that identify a reduction in business as usual (BAU) estimates for the period 2012-2050 in comparison to the Third IMO GHG Study 2014. The Organization has also agreed that there will be a need for future IMO GHG studies to estimate the GHG emissions from international shipping, in particular CO2 emissions, especially in the period prior to the data collection system for fuel consumption coming into effect.”
The submission will be discussed at the second session of the IMO Inter-Sessional Meeting of the Working Group on Reduction of GHG Emissions from Ships, to be held on 23-27 October 2017.
The proposal is aligned with the organizations’ three aspirational objectives, announced earlier this year:
- to maintain international shipping’s annual total CO2 emissions below 2008 levels,
- to reduce CO2 emissions per tonne-km by at least 50% by 2050 compared to 2008
- reduce international shipping’s total annual CO2 emissions by an agreed perecentage by 2050, compared to 2008.
Further information may be found herebelow: