BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News





ICS 'fully supports' global CO2 monitoring

11 Feb 2014 11:57 GMT

ICS Board discusses CO2 monitoring and reporting ahead of IMO's MEPC meeting in April.



The board of directors of the International Chamber of Shipping (ICS), representing national shipowners’ associations from 35 nations and over 80 percent of the world merchant fleet, met in London recently, ahead of the upcoming meeting of the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) in April.

On the issue of CO2 monitoring and reporting, the ICS board reiterated that it 'fully supports' the development by IMO of a global system for monitoring and reporting of ships' CO2 emissions, provided that the mechanism is simple to administer, is primarily based on fuel consumption and that the system itself will not be used for the development of a full-blown market-based measure (MBM).

Consistent with an important ICS submission to the April meeting of the IMO MEPC, the ICS board confirmed its support for the 'three phase' approach to the development of a global system proposed by the United States, and now seemingly supported in a submission to IMO by EU member states. Under the 'three phase' approach, the question of whether IMO should eventually develop a mandatory system of energy indexing for existing ships – to which ICS says it is opposed - would be left open until a mandatory CO2 emissions reporting system has been established.

Mr Morooka remarked: "Our priority is to ensure the primacy of IMO as the industry’s global regulator and the successful development of a global system will require the support of all of the world’s major flag states. It is unfortunate that the debate has been complicated by the parallel proposal from the European Commission, now being considered by the European Parliament, for a unilateral regional system of CO2 reporting that is unlikely to be compatible with whatever will be agreed at IMO."

The ICS board agreed that it would be very helpful if EU member states could defer reaching agreement on any regional EU regulation until sometime after the next meeting of the IMO MEPC, at which ICS says it is optimistic that progress will be made on a global measure.






Related Links:

Reducing CO2 an economic 'no brainer', says ICS
ICS questions France about CO2 reporting requirements
ICS discusses CO2 emissions regulation
'Disappointment' at IMO fuel study vote

Latest News:

Fujairah secures development capital, eyes growth
Algeciras receives first LNG bunker delivery in five years
Bunker supplier Skangas to source LNG from UK's Isle of Grain terminal
Brent around two-year-high as critical pipeline closes
Oil and fuel oil hedging market update
PT2SB lands $1.25bn financing for Malaysia terminal
Researchers claim 'big step forward' in efficient production of non-food biofuel
Antwerp backs construction of five zero-emission barges
Bunker-themed playlist for end-of-year office party
Oil and fuel oil hedging market update
Oil starts off the week where it ended... around $63
Quadrise delivers presentation to shareholders at AGM




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events