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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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ICS chairman delivers message of support and expectation ahead of World Maritime Day

Poulsson keen for IMO to present 'truly ambitious' CO2 reduction targets at COP 24; suggests governments 'present their own ideas'.

Updated on 26 Sep 2017 11:23 GMT

Esben Poulsson, chairman of the International Chamber of Shipping (ICS), has delivered a message of both support for the International Maritime Organization (IMO) and expectation that the IMO will be able to deliver an "ambitious" emissions reduction strategy.

Speaking ahead of the IMO's upcoming World Maritime Day on September 28, whose theme this year is 'Connecting Ships, Ports and People', Poulsson said: "The world has great expectations for IMO delivering an ambitious greenhouse gas reduction strategy for the international shipping sector. We are confident that this initial IMO strategy, once adopted next year, will match the goals and philosophy of the Paris Agreement on climate change, while also fully recognising that the sustainable development of the world and its peoples is critically dependent on the continuing smooth flow of global trade, about 90 percent of which is transported by sea."

Poulsson stressed that the ICS and its member national shipowner associations are committed to helping the IMO agree upon "some truly ambitious CO2 reduction objectives" that can be presented next year at the Conference of Parties to the UNFCCC Paris Agreement (COP 24) in Poland.

"IMO is the only body which can deliver further GHG reduction measures that will have a meaningful impact on the emissions of the entire global shipping sector. It is vital that IMO remains in control of this critical issue, building on the real progress already made with its package of technical regulations that became legally binding across the entire world fleet in 2013, the very first global agreement of its kind adopted for a major industrial sector," Poulsson remarked.

ICS, in collaboration with BIMCO, Intercargo and Intertanko, recently made a detailed submission to IMO on the possible contents of its GHG reduction strategy, where it was proposed that the IMO adopts three "aspirational objectives":

- To maintain international shipping's annual total CO2 emissions below 2008 levels;

- To reduce CO2 emissions per tonne-km, as an average across international shipping, by at least 50 percent by 2050, compared to 2008; and

- To reduce international shipping's total annual CO2 emissions by an agreed percentage by 2050, compared to 2008, as a point on a continuing trajectory of CO2 emissions reduction.

"The global shipping industry has now come forward with clear proposals on how IMO can help it decarbonize as quickly as possible, complete with some serious objectives, numbers and dates. It's now up to governments to present their own ideas, in order that IMO can deliver a suitably ambitious strategy which can be adopted next year." Poulsson said on Tuesday.

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