'IMO has done something no one has done before': BIMCO's Lars Pedersen

BIMCO official applauds IMO for setting an absolute emission reduction target for the entire industry.

Lars Robert Pedersen, Deputy Secretary General, BIMCO. Image credit: US Coast Guard Flickr CC BY-SA 2.0

Updated on 13 Apr 2018 16:56 GMT

BIMCO's Deputy Secretary General, Lars Robert Pedersen, has applauded IMO delegates for agreeing to cut greenhouse gas (GHG) emissions in the shipping sector by 'at least' 50 percent on 2008 levels by 2050, while pursuing efforts towards phasing them out completely.

Pedersen, a delegate at the IMO meeting, said: "The IMO has done something no one has done before: set an absolute target for emission reductions for an entire industry. It is a landmark achievement in the effort to reduce emissions, and something that every other industry should look to for inspiration."

Pedersen called the target ambitious, but not impossible: "In BIMCO, we believe that the industry can deliver on this target - even if we don't exactly know how, yet," he remarked.

"The strategy shows that there is only one road ahead, and that is the road towards decarbonisation. The strategy reinforces existing IMO regulations to enhance the energy efficiency of ships and sets out the long-term goals. This will guide the development of new technology and the design of new ships," the BIMCO representative noted.

Pedersen posited that the industry is already "well under way", while the association pointed out that "emissions from shipping peaked in 2008, and emissions from shipping have already been decoupled from the growth in the world economy."

"Now we have to focus on the mid-to-long term. We have to find the technology and procedures that will drive us towards zero GHG emissions," Pedersen added.

BIMCO is the world's largest shipping association, with around 20,00 members across the industry, representing 56 percent of the globe's overall tonnage.