IMO adopts ambitious climate change strategy for shipping...
IMS has adopted a progressive strategy with a view to phasing out GHG emissions as the soonest possible time at its recent MEPC meeting in London. Whilst it is too early to understand the full ramifications of this outcome, there is no doubt it is a well-intentioned plan. At this stage it is not clear what practical steps shipowners and the shipping industry will need to take and in what time frame and at what cost to achieve this goal. There will be much debate in the coming months, but for now, set out below is a detailed account of what happened at the meeting.
Nations meeting at the United Nations International Maritime Organization (IMO) in London have adopted an initial strategy on the reduction of greenhouse gas emissions from ships, setting out a vision to reduce GHG emissions from international shipping and phase them out, as soon as possible in this century.
The vision confirms IMO’s commitment to reducing GHG emissions from international shipping and, as a matter of urgency, to phasing them out as soon as possible.
54 | The Report • June 2018 • Issue 84
More specifically, under the identified “levels of ambition”, the initial strategy envisages for the first time a reduction in total GHG emissions from international shipping which, it says, should peak as soon as possible and to reduce the total annual GHG emissions by at least 50% by 2050 compared to 2008, while, at the same time, pursuing efforts towards phasing them out entirely.
The strategy includes a specific reference to “a pathway of CO2 emissions reduction consistent with the Paris Agreement temperature goals”.
The initial strategy was adopted by IMO’s Marine Environment Protection Committee (MEPC), during its 72nd session at IMO Headquarters in London, United Kingdom. The meeting was attended by more than 100 IMO Member States.
The initial strategy represents a framework for Member States, setting out the future vision for international shipping, the levels of ambition to reduce GHG emissions and guiding principles; and includes candidate short-, mid- and long-term further measures
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