NEWS
Shipping Minister, Paul Clark who said: “I welcome this paper and am delighted to see that the shipping industry is taking this vital issue seriously”. He went on to say that the ministry was: “Investigating the possibility of the UK submitting a paper on emissions trading to the International Maritime Organization (IMO), based on this industry paper. We hope to be in a position to submit this for consideration at the next meeting of the IMO’s Marine Environment Protection Committee in March.” When the paper was launched one of the
co-sponsors the UK Chamber of Shipping president, Jesper Kjaedergaard, said: “Shipping is, by a considerable margin, the most efficient way to transport goods, but it still produces about 3% of the CO2
emitted as a result of human activity. Clearly
such a major industry, transporting over 80% of world trade, has a responsibility to reduce carbon outputs. We believe some form of emissions trading system is the way to do it.” Support for the paper was also shown by CBI
Director for Business Environment, Dr Neil Bentley, said: “Tis is a constructive report… Te CBI supports the inclusion of international shipping in an emissions trading scheme because it will be crucial for both maintaining a level playing field between competitive shipping markets, and for establishing a global price for carbon”. Peter Lockley, head of transport at WWF-UK
believes that the paper’s proposals could put the maritime industry ahead of other sectors in the race to be seen as green: “WWF particularly welcomes the industry’s proposal that 100% of their emissions permits should be auctioned – which would put shipping streets ahead of the aviation industry in the race to be seen as a green sector.” Mr Lockley went on to say: “It’s vital that shipping
is addressed in the upcoming Copenhagen climate agreement and this paper presents a detailed proposal about how this could be done.”
Environment Shipping ETS: Key
Points • Some form of economic instrument or MBI is both necessary and desirable
• Clear preference for global, open trading scheme under the purview of the IMO
• Need to respect IMO principle of ‘No More Favourable Treatment’ as well as address developing-country aspirations under ‘Common But Differentiated Responsibility’
• Applicable to all flags and to all vessels, above a tonnage level to be decided
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• Individual ship emissions derived from fuel consumed as recorded on bunker delivery notes
• Must be straightforward to understand and implement at the level of the shipping company
• Different options under consideration as to how credits are allocated/auctioned and how reporting and verification should work
• Two proposals for the distribution of allowances – in both options, any shortfall between shipping consumption and available units can made up by other credits from land-based systems (JI, CDM, etc)
• Sectoral Approach (Generates a central fund)
1. UNFCCC allocates AAUs to the IMO – equivalent to the cap, thus effectively treating shipping as a ‘country’.
2. IMO auctions credits to shipping companies who surrender these back to the IMO to match bunker consumption.
• ‘Distributed Auction’ Approach (Funds flow through government treasuries).
1. UNFCCC allocates additional ‘shipping AAUs’ according to bunker sales to countries selling bunkers. These are sold by governments at auction to shipping companies.
2. Tese are converted – for compliance purposes only – into ‘Shipping Emission Units’ (SEUs), using an IMO-managed central register.
3. Te cap is set by limiting availability of these shipping credits (SEUs).
• Monitoring and verification through central IMO body.
• Compliance through flag and port state oversight.
In either case, the compliance period is yet to be
decided. May be ‘pay-as-you-go’, always in credit, or a fixed period, 3, 6, 12 months.
Competition law EC formally closes
class investigation The European Commission (EC) announced on 14 October that it has brought its investigation into alleged competition infringements by the International Association of Classification Societies (IACS) to an end without finding any infringement of European Union (EU) competition law. Dr Hermann Klein, the Chairman of IACS said the decision leaves: “Te reputation of classification
The Naval Architect November 2009
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